Arras Minerals Corp. (TSXV: ARK) has received significant assay results from holes Bg21007 and Bg21008 from the ongoing exploration drill programme at the Beskauga copper-gold deposit and surrounding area in Kazakhstan.
Highlights:
- Hole Bg21007 returned a significant intersection of 1,124.1 metres (“m”) of mineralization grading 0.61 % copper-equivalent (“CuEq”) or 0.74 gram per tonne (“g/t”) gold-equivalent (“AuEq”) (0.40 g/t gold (“Au”), 0.25 % copper (“Cu”), 1.7 g/t silver (“Ag”) and 28.2 ppm molybdenum (“Mo”)) starting at 46.0 m from surface to end of hole.
- Including 136.0 m grading 1.01 % CuEq or 1.22 g/t AuEq (0.59 g/t Au, 0.46 % Cu, 3.4 g/t Ag and 47.9 ppm Mo) from 50.0 m depth down-hole.
- Includes 70.0 m grading 1.40 % CuEq or 1.70 g/t AuEq (0.88 g/t Au, 0.61 % Cu, 4.6 g/t Ag and 46.9 ppm Mo) from 87.0 m depth down-hole.
- And including 153.0 m grading 0.81 % CuEq or 0.98 g/t AuEq (0.55 g/t Au, 0.33 % Cu, 2.1 g/t Ag and 21.3 ppm Mo) from 457.0 m depth down-hole.
- And including 159.0 m grading 0.76 % CuEq or 0.92 g/t AuEq (0.56 g/t Au, 0.27 % Cu, 1.7 g/t Ag and 28.1 ppm Mo) from 897.0 m depth down-hole.
- The host diorite is continuously mineralised throughout the entire hole. Mineralisation remains open at depth with the hole ending in high grades up to 0.78% CuEq.
- Hole Bg21008 returned an intersection of 568.7 m of mineralisation grading 0.39 % CuEq or 0.47 g/t AuEq (0.23 g/t gold Au, 0.18 % copper Cu, 0.8 g/t Ag and 23.8 ppm Mo) starting at 41.9 m from surface to end of hole.
- Including 192.7 m grading 0.59 % CuEq or 0.72 g/t AuEq (0.40 g/t Au, 0.24 % Cu, 1.0 g/t Ag and 16.7 ppm Mo) from 286.3 m depth down-hole.
- And including 32 m grading 0.80 % CuEq or 0.97 g/t AuEq (0.31 g/t Au, 0.52 % Cu, 0.7 g/t Ag and 1.3 ppm Mo) from 504.0 m depth down-hole.
- Diamond drilling is ongoing at Beskauga and Beskauga South with further assay results expected in the coming months. In addition, a 20,000-metre shallow KGK drilling programme was initiated on the vompany’s Beskauga and Stepnoi projects in September and is expected to be completed by the end of November.
“The Beskauga Project continues to produce thick, high grade, near surface intercepts. Bg21007 successfully demonstrated the continuity of the copper-gold mineralisation over one kilometre vertical depth, with high-grade mineralisation dipping to the SSW of the deposit and remaining open at depth,” CEO, Tim Barry, said.
“Bg21008 demonstrates the presence of high-tenor quartz-magnetite-bornite-chalcopyrite veins hosted within the potassic altered monzodiorite, suggesting that with continued drilling the margins of this essentially undrilled intrusion could add significant volume to the Beskauga mineral resource estimate which we published in March 2022.
“In addition to Beskauga, we have also recently drill tested targets at ‘Beskauga South’, located approximately 3.2 kilometres to the south of the Beskauga deposit.
“Visual confirmation of sulphide mineralization in these holes demonstrates the size of the copper-gold mineralizing system in the Beskauga area. This is further supported by the alteration footprint identified through our shallow KGK drilling, which remains open in nearly all directions.”
For further information please visit: https://www.arrasminerals.com/
