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Commencement of IP Programme in the East Region
Commencement of IP Programme in the East Region.
About this update from East Star Resources Plc
[{"type":"text","content":"\n\n29 October 2024\nEast Star Resources Plc\n(\"East Star\" or the \"Company\")\nCommencement of IP Programme in the East Region\n \nEast Star Resources Plc (LSE:EST), which is exploring for copper in Kazakhstan, is pleased to announce that it has commenced an Induced Polarisation (\"IP\") geophysical survey on its Rudny Altai Volcanogenic Massive Sulphide (\"VMS\") Licences in East Kazakhstan.\n \nThe programme will include up to 17.3-line kilometres of IP geophysics over four targets, which have already demonstrated the required geological indicators of a potential deposit, including mineralisation at surface. The programme is already underway and will continue as long as weather permits.\nAlex Walker, CEO of East Star, commented:\n\"In the 2023 and 2024 field season, the East Star team has been diligently working through targets derived from the electromagnetic survey conducted in 2022, incorporating a significant amount of historic data, new geological mapping, and sampling results. We have been extremely encouraged by the sheer number of mineralised points in this region, particularly where they coincide with an electromagnetic anomaly and are in close proximity to known deposits as well as past and current operating mines. We expect the IP results to provide definitive drill collar locations to begin drill testing these targets with the intention of adding further resources to our existing 20.3Mt at the Verkhuba deposit.\"\n \n\nFigure 1 locations of intended IP survey lines\nTarget Locations\n \nRulikha\nThe Rulikha target is a newly discovered electromagnetic (\"EM\") and IP anomaly located 1 km north of the Rulikha Deposit, a historical defined deposit of 14.2 Mt @ 1.18% Cu, 3.58% Zn and 13.5 g/t Ag[1], partially located on East Star's 100% owned licence, EL_1799. The target is hosted in a strongly altered quartz porphyry unit of the middle Devonian series, which is a similar age to units hosting the Nikolaevsky Mine. The target has a strong EM conductor that had dipole-dipole IP ground surveys completed in 2023. The surveys revealed a number of strong IP signatures at 120-250 m depth that were interpreted to be massive sulphides. The unit that the IP and EM anomalies are hosted in has known Zn-Cu mineralisation 700 metres to the north, in historical drill holes used for stratigraphy. East Star comp...