3rd Sep 2026 16:53
East Star Resources PLC - Kazakhstan-focused copper and gold explorer - Announces results of the induced polarisation survey from the Snowy Epithermal Target in Central Kazakhstan, approximately one kilometre east of the IP lines completed in 2025. Says the latest lines were completed over an intensely altered tuff unit with numerous quartz veinlets noted. East Star says the Snowy area shows a distinct east-west striking chargeability trend associated with a volcanic unit being targeted for an epithermal deposit. The "discrete" anomaly spans around 1.7 kilometres west to east, starting from 100 metres deep. Its amplitudes range from seven to nine "m V/V", which East Star says is plausible for low sulphidation epithermal targets. Says further exploration is needed to determine the source of the chargeability anomaly and test the quartz veining at depth.
"Based on these results, we look forward to continuing to progress the Snowy Target for a potential low sulphidation epithermal deposit," comments Chief Executive Alex Walker. "The target sits between two known gold deposits of similar mineralisation and with gold samples at surface it remains a compelling target. The company will determine the best path and timing to move to the next phase of exploration taking into account all of our other work plans, in particular the Endeavour joint venture field work."
Current stock price: 7.50 pence, up 12% in London on Thursday
12-month change: more than quadrupled from 1.70p
By Emma Curzon, Alliance News reporter
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