Arras Minerals Corp. (TSXV: ARK | OTCQB: ARRKF) has announce the results from the final five holes from its initial “Phase 1” drill programme targeting the 8.8km long Berezski target located on its Elemes project in Northeast Kazakhstan.
The first 11 holes of the Phase 1 drill programme encountered thick intercepts of widespread copper-gold and gold porphyry and/or epithermal-style mineralization. The Elemes project is in the Bozshakol-Chingiz Magmatic arc and is 61km southeast of Kaz Mineral’s Bozshakol Copper Mine, that commenced operations in 2016 and in 2023 produced 105,000t of copper & 115,000oz gold at US$0.95/lb Cu (net) cash costs. Reported reserves are 1.003Bt @ 0.33% Cu & 0.13g/t Au.
EL24005: 547m of mineralization grading 0.70 % copper-equivalent (0.23% Cu & 0.48g/t Au), starting from 14m depth; including:
- 44m grading 1.15% CuEq (0.48% Cu & 0.64g/t Au) starting from 14m depth
- 206m grading 0.83 % CuEq (0.27% Cu & 0.54 g/t Au) starting from 24m depth
- 58m grading 1.02% CuEq (0.32 % Cu & 0.69 g/t Au) starting from 172m depth
The hole ended in strong mineralization grading 64.8m at 0.68 % CuEq (0.16% Cu & 0.55g/t Au)
EL24006: returned 56m grading 0.68% CuEq (0.36% Cu & 0.33g/t Au) starting from 4m depth, including:
- 20m grading 1.02%CuEq (0.72% Cu & 0.32g/t Au) starting from 40m depth
EL24010: returned 152m grading 0.13 % CuEq (0.07% Cu & 0.06g/t Au) starting from 262m depth
EL24011: returned 76m grading 0.20 % CuEq (0.06% Cu & 0.14g/t Au) starting from 247m depth
Tim Barry, CEO of Arras Minerals, commented, “We are extremely encouraged by the results of the Phase 1 drill programme at Elemes. Holes EL24005 and EL24006 strongly suggest the presence of another porphyry centre developing at the Berezski target. Notably, the porphyry-style mineralization identified in quartz chalcopyrite veining in the deeper sections of EL24005 provides a solid vector for us to pursue in the Phase 2 programme. Furthermore, EL24006 intersected porphyry-style mineralization approximately 1km to the west, on the western edge of the copper soil anomaly, giving us follow-up targets between the two holes, as well as to the west, north, and south—even beyond the current anomaly boundaries.”
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