East Star Resources jumped 29% as the Kazakhstan-focused explorer reported some healthy-looking sample grades from exploration at the Talovskoye prospect.
Talovskoye is 100% owned by East Star and just 17km by road from the Nikolovskoye processing plant.
Grades included 8.4% copper and more than 100g/t silver and though samples are a very early stage indicator of any commercial metal, Alex Walker, chief executive said the results suggest it is a prospect that should be drilled “at the nearest opportunity”.
“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."
Shares rose 29% to 1.55p.