4th Feb 2022 11:36
(Alliance News) - East Star Resources PLC on Friday said it has awarded IG Copper & Gold Kazakhstan a diamond drilling contract in central Kazakhstan.
The Kazakhstan-focused gold and copper explorer contracted the wholly-owned subsidiary of exploration and development focused private holding company IG Global Group for 5,000 metres of drilling this year.
It will be focussed initially on the Apmintas and Dalny licences in the Chu-Ili orogenic gold belt of central Kazakhstan, East Star added.
"We are delighted to be working with IG Global Group on this 2022 drill programme. They have extensive experience working in Kazakhstan and other Commonwealth of Independent States countries, not only as an operator but as an extremely successful explorer," Chief Executive Alex Walker commented.
He added: "The quality of the geological team that will support the drilling operators cannot be underestimated and the extra checks and balances this provides will ensure East Star conducts the most efficient and thorough exploration programme possible."
Shares in East Star Resources were up 0.8% at 5.09 pence each on Friday morning in London.
By Abby Amoakuh; [email protected]
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