East Star Resources now "significantly closer" to JORC resource
London
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November 14, 2023 01:08 PM Eastern Standard Time
East Star Resources PLC CEO Alex Walker speaks to Proactive after the Kazakhstan-focused gold, copper and rare earths explorer released an update on the assays from drilling at the Verkhuba Deposit on the Rudny Altai VMS belt.
Walker expressed satisfaction with the ongoing program, noting the need to re-assay 62 samples that exceeded the detection limit. The preliminary indications confirm the expected copper and zinc mineralization and showcase a promising correlation between mineralised zones and historical data.
While awaiting final results, Walker highlights notable intersections, such as 10m above 1% copper and just under 8 g/t of silver. This aligns well with historical results, raising optimism for the project's potential.
With upcoming assays from areas outside Verkhuba and recent fundraising of £540,000, Walker says East Star Resources is well-funded for current and future programs. Walker anticipates significant advancements in their projects before the need for additional capital.
The CEO also touched on the timeline for the JORC resource results, saying that the company is "significantly closer than we were previously."
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