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Share Price: 3.65

Bid: 3.50

Ask: 3.80

Change: -0.15 (-3.95%)

Spread: 0.30 (8.571%)

Open: 3.80

High: 3.80

Low: 3.65

Prev. Close: 3.80

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East Star to begin site works on Verkuba exploration project

Mon, 10th Jul 2023 10:31

(Alliance News) - East Star Resources PLC on Monday said it will begin initial site works at its Verkuba copper deposit this week.

The London-based Kazakhstan-focused gold and copper exploration and development company said this is part of a drilling rig contract for 3,000 metres of oriented diamond core drilling, which is due to officially begin in late July or early August.

The drilling will be carried out by Everest Sondaj LLP, an Astana, Kazakhstan-based drilling contractor.

Chief Executive Officer Alex Walker said: "We are extremely excited to commence drilling this potentially game-changing copper deposit in a prolific copper region with established processing infrastructure."

Shares in East Star were down 1.6% at 1.82 pence each in London on Monday afternoon.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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