New VMS Licence Award at Rulikha Deposit

Summary by AI BETAClose X

East Star Resources Plc has been granted a new exploration licence, 3631-EL, covering the remaining IP anomaly north of the Rulikha Deposit, giving them 100% ownership of the entire anomaly. Historical drilling highlights within the new licence include 11.4m @ 9.8% Zn, 3.1% Cu, and 1.1% Pb from 196.6m, and 6.9m @ 17.6% Zn, 1.0% Cu, and 3.3% Pb from 237.4m. The company is currently modelling 180 historical drill holes to provide an Exploration Target and assess the Reasonable Prospects for Economic Extraction (RPEE). The Rulikha Deposit is located 33km northwest from East Star's Verkhuba Deposit which has a JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead.

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