East Star Resources Plc (LSE:EST) saw its shares nudge higher in early deals after it published rock chip results from the Dalny licence.
The Kazakhstan-focused gold, rare earths and copper explorer spilt the beans on chip assay results from samples taken during geological surveys conducted over the Alatagyl target in April 2022 on the Dalny licence on the Chu-Ili Gold Belt in central Kazakhstan.
The company said multiple mineralised quartz veins were identified, co-incident with large gold in soil anomaly. All of the quartz vein samples contained gold mineralisation.
Assayed samples on outcropping veins ranged up to 27.4 grams per tonne (g/t) of gold (Au).
"The intrusive related Alatagyl target begins at surface and has a very large surface footprint; as such, combined with historical drill results, it has the potential to be a large orebody if the grade and quantity of veins are proven up in drilling,” explained Alex Walker, East Star’s chief executive officer.
“With successful drilling results already identifying target areas in the Apmintas licence, including Novoe (63m @ 4.51g/t), Eshkilitau II (14m @ 2.54g/t) and historic results from Southern Shabdar (24.9m @ 2.86g/t), we are very excited to add yet another potential orebody to our growing portfolio," Walker added.
Shares in East Star were up 1.35 at 3.85p after half an hour of trading.