Historical Drill Results from Eshkilitau II Target
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.
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8 March 2022
East Star Resources Plc
("East Star" or the "Company")
Historical Drill Results from "Eshkilitau II" Target on Apmintas Licence
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold and copper explorer, is pleased to announce historical drill results acquired over the "Eshkilitau II" target on the Apmintas Licence in central Kazakhstan. Based on the Company's analysis, "Eshkilitau II" will be added as a target for the 2022 drill programme.
Highlights:
2005-2006 drilling by Odak LLP (''Odak'') includes the following highlighted intersections:
· Borehole C-11 intersected 1m @ 7.86 g/t Au from 27m
· Borehole C-23 intersected 1m @ 7.00 g/t Au from 5m
· Borehole C-28 intersected 2.8m @ 4.67 g/t Au from 19m
· Borehole C-57 intersected 1m @ 4.62 g/t Au from 25m
· Borehole C-92 intersected 4m @ 2.04 g/t Au from 47m and 1.3m @ 8.2 g/t from 122.7m
· Borehole C-100 intersected 6m @ 1.6 g/t from 61m
· Borehole C-108 intersected 2m @ 28.8 g/t Au from 196m
· Borehole C-109 intersected 7m @ 1.34 g/t Au from 37m and 1m @ 13.61 g/t Au from 53m
Alex Walker, East Star CEO, commented:
"Further historical results continue to confirm the presence of a high-grade gold system throughout the Apmintas Licence, with exciting walk-up drill targets for our 2022 drilling campaign. The presence of multiple shallow, high-grade, gold targets demonstrates a highly prospective gold province. Our growing understanding of structural controls on mineralisation, including recently announced magnetic survey results over the Dalny Licence, enhances the opportunity to make commercial discoveries with potential for several open-pit operations across the region."
Background
The Eshkilitau II occurrence is represented by a series of subvertical quartz veins of northwest and east-west orientation. The length of the individual veins varies between 100-300m with a thickness of 0.3-0.5m (up to 2m). The east-west oriented vein bifurcates, making a horsetail vein system. The occurrence was studied by 55 trenches and seven prospecting shafts, totalling about 1,000 grab and channel samples. The gold grades in samples vary from 0.1 to 2.0 g/t Au. Two samples collected from the bending part of the vein returned 168.0 and 200.8 g/t Au.
The recently received historical data were the results of research in physical archives of historic reports conducted by East Star's geological team based in Almaty and Karaganda. The team continues to locate and acquire historical reports for all the Company's current licences. The additional information was derived from the 2005 and 2006 annual reports by Odak.
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)
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 base metal deposits in Kazakhstan. With an initial four licences covering 1,432 km2 in two mineral rich belts, East Star is undertaking an intensive exploration programme, applying modern geophysics to discover gold, copper, and base metals in levels that were not previously explored. The Company also intends to 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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