Commencement of Diamond Drilling, Apmintas Licence
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
25 July 2022
East Star Resources Plc
("East Star" or the "Company")
Commencement of Diamond Drilling on Apmintas Licence, Kazakhstan
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold, rare earths and copper explorer, is pleased to announce the commencement of diamond drilling on the Apmintas Licence in the Chu-Ili orogenic gold belt of central Kazakhstan.
Alex Walker, East Star CEO, commented:
"After an extensive predrilling field programme which included geological surveys, soil sampling and ground-based magnetics, we are very excited to commence this high impact drilling campaign which we hope will provide the data required to prove extensive high-grade gold mineralisation.''
"The drill programme aims to extend past intersections and grades along strike, with the potential to discover economic deposits from exploration of only a small part of the licence. By using diamond core, work can also be undertaken on the minerology and metallurgy including conducting 'gravity recovered gold' testing to begin establishing a processing route for eventual production.''
Targeting
Initially the drilling will focus on the areas with known high-grade mineralisation including:
· Novoe target where discovery hole AP_008 intersected:
o 63m @ 4.51 g/t in September 2021
· Southern Shabdar target where historical drilling intersected:
o 24.9m @ 2.86 g/t Au
o 8.2m @ 13.0 g/t Au
o 5m @ 4.89 g/t Au
o 1m @ 24.8 g/t Au
o 2m @ 39.3 g/t Au and
o 2m @ 39 g/t Au
· Eshkilitau II where hole AP_021 intersected:
o 14m @ 2.54g/t in September 2021
Historical results intersected:
o 1m @ 7.00 g/t Au
o 2.8m @ 4.67 g/t Au
o 1m @ 4.62 g/t Au
o 4m @ 2.04 g/t Au and 1.3m @ 8.2 g/t
o 6m @ 1.6 g/t
o 2m @ 28.8 g/t Au and
o 7m @ 1.34 g/t Au and 1m @ 13.61 g/t Au
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, rare earth, and copper deposits in Kazakhstan. With an initial five licences covering 1,442 km2 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 joint ventures with the state mining company.
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The person who arranged for the release of this announcement was Alex Walker, CEO of the Company.
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