East Star Resources awarded three new licenses

Highlights:

• New Licences incorporate two historic operating (extremely high grade), copper-lead-zinc mines (Pokrovskoye and Talovskaya), one known deposit (Verkhubinskoye), and many historical mineral occurrences.
• New Licences, comprising 111.7 km2, are contiguous with the company’s existing Rudny Altai belt licences, Novo 1 and Novo 2.
• Geological exploration of the new licences has already started with some rock chip samples collected and sent for assay along with samples from Novo 1 and Novo 2.
• New Licences already covered by helicopter electromagnetic (HEM) survey conducted in July 2022, with analysis and targeting underway.

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 don’t 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.”

Image: Bleached tuffaceous siltstones with malachite veinlets at Talovskaya.

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