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By Joe Hoppe
East Star Assets PLC stated Monday that it has recognized 11 goal areas for potential gold mineralization from a drone magnetics survey on its Dalny license on the Chu-Ili orogenic gold belt, central Kazakhstan.
The gold and copper explorer stated it has accomplished processing knowledge from 481 sq. kilometers of closed area drone magnetics, flown in September 2021.
The information has recognized new targets beneath alluvial cowl, indicating the potential for gold mineralization not beforehand recognized in historic exploration.
“We intend now to conduct detailed geological mapping and geochemical surveys of those targets earlier than the graduation of drilling within the second quarter of 2022,” Chief Government Alex Walker stated.
Shares at 0829 GMT have been up 0.05 pence, or 1.3%, at 4.05 pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
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