TIDMEST
RNS Number : 7242Q
East Star Resources PLC
30 June 2022
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30 June 2022
East Star Resources Plc
("East Star" or the "Company")
Rock Chip Results from Dalny Licence, Kazakhstan
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold,
rare earths and copper explorer, is pleased to announce rock chip
assay results from samples taken during geological surveys
conducted over the Alatagyl target in April 2022 on the Dalny
licence on the Chu-Ili Gold Belt in central Kazakhstan.
Highlights:
-- Multiple mineralised quartz veins identified, co-incident with large gold in soil anomaly
-- All quartz vein samples contained gold mineralisation
-- Assayed samples on outcropping veins up to 27.4 g/t Au
-- >1,300 m of strike mapped at the Alatagyl occurrence
Alex Walker, East Star CEO, commented:
"We are excited to be able to report on high-grade assay results
from fieldwork conducted on the Dalny licence area. Sampling of
quartz veins returned assay grades up to 27.4g/t Au in the Alatagyl
zone.
The intrusive related Alatagyl target begins at surface and has
a very large surface footprint; as such, combined with historical
drill results, it has the potential to be a large orebody if the
grade and quantity of veins are proven up in drilling.
With successful drilling results already identifying target
areas in the Apmintas licence, including Novoe (63m @ 4.51g/t),
Eshkilitau II (14m @ 2.54g/t) and historic results from Southern
Shabdar (24.9m @ 2.86g/t), we are very excited to add yet another
potential orebody to our growing portfolio."
A supplementary version of this announcement with images can be
found at
http://www.rns-pdf.londonstockexchange.com/rns/7242Q_1-2022-6-29.pdf
Background
The Alatagyl group of occurrences consists of the Alatagyl
North, Alatagyl, Alatagyl South and Astronomicheskiy target areas.
Alatagyl South and Astronomicheskiy have been identified from
magnetic signature and mineralized float including altered
intrusive rock and vein quartz and quartz/sulphide stockwork
material, but are largely obscured by overburden so did not form a
part of this study.
The Alatagyl gold occurrence is confined to the hinge zone of an
anticlinal fold that was intruded by Middle Devonian granites.
North-south and east-west striking quartz vein zones are located in
the contact of a felsite stock. Sedimentary rocks around the stock
were subjected to sericitization, carbonatization, and
silicification over a width of 50 to 200 m. The mineralised vein
stockwork covers approximately 1,300 m x 700 m and occurs in the
hinge zone of an anticlinal fold. The quartz veins and host rocks
at the contact contain disseminated pyrite, arsenopyrite and
gold.
In 1966, a total of 5,000 rock chip samples and 108 channel
samples were collected. In the rock chip samples the gold grades
varied from 0.03 to >10 g/t Au. In the 53 channel samples, the
gold grade was between 0.1-5.6 g/t Au. At the occurrence, a large
gold in soil anomaly was noted. The gold content in soil samples
reached 0.8 g/t Au.
The occurrence contains three mineralised zones of east-west and
north-west strike. Vein zones were traced for 250-390 m along
strike with a width of 20 to 100 m. From those veins, artisanal
gold miners recently dug several shallow pits and stockpiled quartz
vein material for metallurgical tests.
In an initial reconnaissance trip, the Company's geological team
took a first set of 8 rock chip samples at Alatagyl around
historical trenches which are often fully rehabilitated. The
composite quartz vein samples returned with gold grades between
0.027 and 27.4 g/t Au, and thus confirm the prospectivity of the
area. The cluster of samples with significant gold mineralisation
in the west (1.27 g/t to 27.4 g/t) clearly point to a high grade
mineralised system.
A follow-up exploration campaign for Alatagyl will be planned
for later in 2022.
For further information visit the Company's website at
www.eaststarplc.com , or contact:
East Star Resources Plc
Alex Walker, Chief Executive Officer
Tel: +44 (0)20 7390 0234 (via Vigo Consulting)
Peterhouse Capital Limited (Corporate Broker and Placing
Agent)
Duncan Vasey / Lucy Williams
Tel: +44 (0) 20 7469 0930
Vigo Consulting (Investor Relations)
Ben Simons / Oliver Clark
Tel: +44 (0)20 7390 0234
About East Star Resources Plc
East Star Resources is focused on the discovery and development
of gold, copper, and rare earth deposits in Kazakhstan. With an
initial five licences covering 1,442 km (2) in three mineral rich
districts, East Star is undertaking an intensive exploration
programme, applying modern geophysics to discover minerals in
levels that were not previously explored. The Company also intends
to further expand its licence portfolio in Kazakhstan. East Star's
management are based permanently on the ground, supported by local
expertise, and a joint venture with the state mining company.
Follow us on social media:
LinkedIn:
https://www.linkedin.com/company/east-star-resources/
Twitter: https://twitter.com/EastStar_PLC
The person who arranged for the release of this announcement was
Alex Walker, CEO of the Company.
Competent Persons Statement
Information and data presented within this announcement has been
compiled by Mr Azamat Bizhanov, a Member of the Australian
Institute of Geoscientists ("MAIG"). Mr Bizhanov is the Exploration
Manager for East Star Resources Plc and has sufficient experience,
which is relevant to the style of mineralisation, deposit type and
to the activity which he is undertaking to qualify as a Competent
Person defined by the 2012 Edition of the Australasian Code for
Reporting Exploration Results, Mineral Resources and Ore Reserves
(the "JORC" Code). This includes 10 years of Mining, Resource
Estimation and Exploration relevant to the style of
mineralisation.
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END
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