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Heli EM Survey Results, Rudny Altai Licences
Heli EM Survey Results, Rudny Altai Licences.
About this update from East Star Resources Plc
[{"type":"text","content":"\n \n \n 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n 17 November 2022\n \n \n \n East Star Resources Plc\n \n \n \n (\"East Star\" or the \"Company\")\n \n \n \n EM Survey Preliminary Results, Rudny Altai Licences, Kazakhstan\n \n \n \n East Star Resources Plc (LSE:EST), the Kazakhstan-focused minerals exploration company, is pleased to announce preliminary results from the helicopter-borne electromagnetic (\"HEM\") survey conducted between May and July 2022 over the Company's five volcanic-hosted massive sulphide (\"VHMS\") licences in the world-class Rudny Altai belt in Kazakhstan.\n \n \n \n Highlights\n \n \n \n \n \n \n ·\n Five 'Priority 1' targets generated - four of which are considered drill-ready\n \n \n o\n Three of these targets are on licences owned 100% by East Star and two are on the 80% East Star owned licences held in a joint venture with state owned mining company, Tau-Ken Samruk\n \n \n ·\n Three 'Priority 2' targets generated - minor field work required prior to being drill-ready\n \n \n ·\n 40 additional targets generated - further desktop and field work required to eliminate or include in future exploration programmes\n \n \n ·\n Globally renowned VHMS expert, Dr Bruce Gemmell stated: \"East Star's Rudny Altai licences are highly prospective for the discovery of new VHMS deposits\"\n \n \n \n \n \n \n Alex Walker, East Star CEO, commented:\n \n \n \n \n \n \n \n \"We are extremely encouraged by these results. Our team has spent numerous hours on the EM data, satellite imagery and in the field to firm up these EM targets to drill-ready status. We have also progressed much of the approvals process to ensure we are ready to drill them in the new year as...