East Star Resources PLC (LSE:EST) said sampling at the Talovskoye prospect on the Rudny Altai Volcanic Massive Sulphide (VMS) belt in Kazakhstan has indicated geological similarities to the high-grade current and past producing VMS deposits on the belt.
Mapping had identified high-grade copper-silver mineralisation only 17km from the Nikolovskoye processing plant with samples as high as 6.3% and 8.4% copper (Cu).
Extensive sulphide mineralisation was also identified, with outcropping gossans largely obscured under waste from historical small-scale mining.
Alex Walker, East Star chief executive, said: "The Talovskoye Cu/Ag prospect is shaping up to be another very interesting target within our VMS portfolio.
“Largely covered by waste from small-scale mining and only 17km by road to the Nikolovskoye processing plant, the Talovskoye prospect has the potential to be a very low-cost development opportunity should it get to that stage."