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Save to read list Published by Will Owen, Editor Global Mining Review, Monday, 15 August 2022 10:00

East Star Resources Plc has announced the award of three new licences comprising 55 blocks (1794-EL, 1795-EL, 1799-EL) on the Rudny Altai volcanogenic massive sulfide (VMS) belt in Kazakhstan.

Alex Walker, East Star CEO, comments:

The best place to find a new mine is around an existing one, so expanding our footprint to include more licences with historical mines is extremely exciting. The Pokrovskoye mine for example reportedly mined out in 1979 contained average grades of 11.5% copper, 3.3% lead, and 12% zinc. We dont believe these areas have been fully explored, especially considering changes in economic cut-off over the last 40 years and new geophysical methods such as downhole electromagnetics to explore for additional conductors which do not outcrop at surface. We are still collecting data on these areas, both in the field and via historical reports which, along with the processing of our HEM data, will dictate our exploration programme going forward.

We are grateful to the Akimat of Shemonaikha for their support of our applications and intended work plan, having received their required letters of support in just a matter of weeks after meeting with them.

Read the article online at: https://www.globalminingreview.com/mining/15082022/east-star-resources-awarded-three-new-licenses/

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East Star Resources awarded three new licenses - Global Mining Review