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Verkhuba Copper Deposit Drilling Contract
Verkhuba Copper Deposit Drilling Contract.
About this update from East Star Resources Plc
[{"type":"text","content":"\n\nTHIS 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 \nNOT 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 \n10 July 2023\nEast Star Resources Plc\n(\"East Star\" or the \"Company\")\nVerkhuba Copper Deposit Drilling Contract & Timetable\n \nEast Star Resources Plc (LSE:EST), which is defining mineral resources in Kazakhstan for the energy revolution, is pleased to provide updates regarding its forthcoming drilling programme at the Verkhuba Copper Deposit in the Rudny Altai volcanogenic massive sulphide (\"VMS\") belt in Kazakhstan.\n \nHighlights\n \n· Initial site works to prepare access and drill locations will begin this week with drilling commencing by late July / early August\n· Fully funded 3,000m+ drilling campaign, including twinning existing boreholes with identified strong copper mineralisation\n· Copper deposit with a JORC exploration target of 19-23Mt @ 1-4% - 1.9% CuEq, close to infrastructure and existing processing capacity\n· Drilling will also test potential of gold and silver mineralisation which was not assayed for in historical drilling but is known to be present in metallurgical samples taken from within the deposit\n \nEast Star announces it has entered into a drilling rig contract for 3,000m+ of oriented diamond core drilling, to commence late July / early August, primarily focusing on the Verkhuba Copper Deposit (\"Verkhuba Deposit\"). The Verkhuba Deposit contains a significant JORC compliant exploration target of 19-23 Mt at 1.0-1.4% copper and 1.0-1.4% zinc (1.4-1.9% copper equivalent) (\"Exploration Target\"), derived from over 42,000m of historical drilling, as announced on 21 March 2023. The Exploration Target estimate, including a conceptual open pit ...