Arras Minerals Reports Significant Drill Results from Elemes Project
Exciting Drill Results from Arras Minerals
The latest drilling news from Arras Minerals Corp. demonstrates promising results from their ongoing exploration at the Elemes Project. With an impressive 276 meters grading 0.58% copper-equivalent (CuEq), including a notable 104 meters grading 1.14% CuEq starting from the surface, these findings could significantly enhance the progress of the project. Driven by exploration efforts in the highly prospective Berezski Trend, the company's work shows great potential in uncovering valuable mineral resources.
Key Highlights from Drillhole EL25016
Drillhole EL25016 has emerged as a cornerstone in Arras's exploration strategy, providing critical data from the Elemes Project. The mineralization starts from the surface, where initial assessments reveal substantial grades and extensive widths of copper-gold resources. This includes:
- 276m: Grading 0.58% CuEq (0.21% Cu and 0.32 g/t Au)
- 104m: Grading 1.14% CuEq (0.46% Cu, 0.63 g/t Au) from the surface.
- 52m: Grading 1.64% CuEq (0.72% Cu and 0.86 g/t Au) starting from 48m depth.
CEO Commentary on the Results
Tim Barry, the CEO of Arras Minerals, expressed enthusiasm over the positive results from this drill hole. He noted, "The results from Hole EL25016 indicate that we have intersected substantial zones of high-grade copper-gold mineralization right from the surface. This is a significant positive for our ongoing exploration, as it sets the stage for future drilling and potential resource definition." Furthermore, he highlighted the strategic importance of establishing a 600-meter NW-SE trending zone that remains open, which could be further developed through upcoming drilling campaigns.
Understanding the Elemes Project
The Elemes Project comprises two exploration licenses covering 531 square kilometers. Its strategic location approximately 13 km southwest of Ekibastuz benefits from excellent infrastructure, making it easier to carry out extensive exploration and development activities. Current efforts focus on the lucrative Berezski Trend, where the prospects for both copper and gold are substantial.
Drilling and Exploration Activities
Since late June, Arras has been executing a 20,000-meter Phase II diamond drilling program at Elemes. With multiple rigs actively drilling, nine holes have already been completed, and the company anticipates more assays to be released soon. In addition to drilling, Arras is performing Magnetotellurics (MT) and gravity surveys, which will refine future exploration targeting and enhance understanding of the geological framework surrounding the site.
Changes in Leadership
In recent developments, Arras Minerals announced changes to its Board of Directors. Mr. Christian Milau has stepped down from his position, leading to the appointment of Mr. Scott Heffernan to further enrich the board's expertise in geological exploration and corporate strategy. As highlighted by Brian Edgar, Chairman, the integration of Scott's experience is timely as the company continues to advance its projects within Kazakhstan.
Investor Relations and Contact Information
Arras Minerals invites those interested in learning more to reach out. You can contact them at +1 604 687 5800 or via email at info@arrasminerals.com. Their commitment to transparency is evident, and they strive to keep investors informed about ongoing developments and future opportunities.
Frequently Asked Questions
What is the significance of the recent drilling results from Arras Minerals?
The recent drilling results indicate high-grade copper and gold mineralization, which is crucial for the project's potential economic viability and future exploration.
What is Arras Minerals' ongoing exploration focused on?
Current exploration primarily targets the Berezski Trend within the Elemes Project, where extensive drilling is planned to define and expand resources.
Who has been appointed to the board of Arras Minerals?
Mr. Scott Heffernan has joined the board following the departure of Mr. Christian Milau, bringing valuable experience in geology and exploration.
How can investors get in touch with Arras Minerals?
Investors can contact Arras Minerals at +1 604 687 5800 or via email at info@arrasminerals.com for inquiries and further information.
What is the broader context of the Elemes Project?
The Elemes Project is strategically located in a mineral-rich area of Kazakhstan, expected to yield significant copper and gold discoveries as exploration continues.
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