Verkhuba Copper Deposit Drilling Underway

Summary by AI BETAClose X

East Star Resources Plc has commenced a 5,000-metre diamond core drilling program at the Verkhuba Copper Deposit, a key operational milestone for its joint venture with Xinhai. This program, fully funded by Xinhai, aims to support resource conversion, geological modeling, mine planning, and feasibility studies, focusing on the initial 3 to 5 years of mining operations. The drilling is expected to conclude within three months, with assays and an updated resource estimate to follow. East Star will retain a 30% interest in the producing mine, which currently holds a JORC Inferred Resource of 20.3 million tonnes grading 1.16% copper, 1.54% zinc, and 0.27% lead.

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