East Star Resources hits more high grade gold, as latest drill results from Apmintas come in
The Eshkilitau group of occurrences was discovered in 1978 and it is located within northeast edge of the Molain basin in central Asia
Company
LON:EST
East Star Resources PLC is focused on the discovery and development of strategic minerals required for the energy revolution. With an initial nine licences covering 1,321.5 km ² in three mineral-rich districts of Kazakhstan, East Star is undertaking an intensive exploration program. The company also intends to further expand its licence portfolio in Kazakhstan.
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The Eshkilitau group of occurrences was discovered in 1978 and it is located within northeast edge of the Molain basin in central Asia
The transfer provides tax jurisdiction and legal certainty based on English law, said East Star chief executive Alex Walker
The explorer plans to refine the targets prior to drilling in the second quarter
Kazakhstan is a country that has ideal conditions for mining, said East Star
Eshkilitau II will be added as a target for the 2022 drill programme
"We intend now to conduct detailed geological mapping and geochemical surveys of these targets before the commencement of drilling in Q2 2022.," said CEO Alex Walker
This new wave of drilling follows early ‘bonanza’ exploration success at Apmintas, announced in January
The data contained several gold intersections at around 3 g/t or higher
High and bonanza gold grades were measured in initial assays from the September drill programme.
New director Alex Walker has compared the potential in Kazakhstan to Western Australia fifty years ago
East Star Resources has a huge gold exploration portfolio under licence
East Star is the latest in a long line of SPACs to hit the global markets