Arras Minerals Corp. (TSX-V: ARK, OTCQB: ARRKF) has announced the results from the final five drill holes of its initial Phase 1 program at the Berezski target on its Elemes project in Northeast Kazakhstan. The results confirm the presence of significant copper-gold porphyry and epithermal-style mineralization, further bolstering the project’s potential.
The Elemes project is strategically located in the Bozshakol-Chingiz Magmatic arc, near Kaz Minerals’ Bozshakol Copper Mine, a major operation producing substantial amounts of copper and gold. Arras’s Phase 1 drilling program targeted geophysical and geochemical anomalies identified through extensive exploration work, including airborne magnetic surveys, ground IP surveys, and soil sampling.
Key Highlights from the Final Drill Holes:
- EL24005: A remarkable 547m intercept grading 0.70% copper equivalent (CuEq), including higher-grade sections up to 1.15% CuEq, starting near surface. The hole ended in strong mineralization, suggesting further potential at depth.
- EL24006: 56m grading 0.68% CuEq, including a 20m section at 1.02% CuEq, indicating another porphyry center approximately 1km west of EL24005.
- EL24010 & EL24011: While these holes returned lower grades, they provided valuable geological information, indicating the periphery of a porphyry system and helping guide future exploration.
CEO’s Perspective:
Tim Barry, CEO of Arras Minerals, expressed enthusiasm about the Phase 1 results. He highlighted the strong indications of another porphyry center at Berezski, particularly the high-grade intercepts in EL24005 and the discovery of porphyry-style mineralization in EL24006. Barry emphasized the significant exploration potential remaining at Berezski, with approximately 90% of the target still untested.
Phase 2 Exploration Plans:
Arras is already planning a Phase 2 program, subject to financing, which will include:
- Ground magnetic surveys at Berezski and Aimandai.
- Detailed analysis of soil samples.
- Approximately 20,000m of drilling at Berezski.
- Initial IP surveys and approximately 5,000m of drilling at the Aimandai target.
President’s Commentary:
Darren Klinck, President of Arras Minerals, echoed Barry’s excitement and highlighted the team’s successful exploration efforts. He noted the two high-priority target areas at Berezski and the potential for new discoveries within the large, prospective land package. Klinck also mentioned the planned exploration at the Aimandai target, a 14km copper-in-soil anomaly. He added that Arras is well positioned to have multiple drill rigs operating across its license package in the coming year.
