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East Star Resources PLC on Wednesday said drilling results from the Verkhuba copper deposit found deep mineralisation, confirming the study area for 2026. Shares in East Star fell 8.7% to 3.24 pence on Wednesday morning in London. The Kazakhstan-focused gold and base metals explorer said ‘significant’ intervals of deeper zinc-lead and copper mineralisation were intersected, after three drill holes tested the deep resources. Following four holes drilled into the shallower resources, East Star also found a continuation of shallow mineralisation to the north. East Star is partnered with Hong Kong Xinhai Mining Services Ltd in a joint venture to take Verkhuba into production, under which it will retain 30% production ownership. ‘These are important results for the future study work at Verkhuba and have helped us to confirm the area of study for 2026 with Xinhai, who are farming into the project,’ said East Star Chief Executive Alex Walker. Looking ahead to 2026, drilling will be part of the Xinhai joint venture and will focus on the shallower resources, the firm said. East Star said it is also planning a ground electromagnetic survey to test massive sulphides potential. ‘Lenses and stringer veinlets of sulphides logged in the core provide further evidence of massive sulphides at Verkhuba and we plan to test this in 2026 along with drilling the shallower resources with Xinhai to inform the feasibility study and mining licence application,’ Walker added. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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