Arras Minerals Corp. (TSXV: ARK) has intersected wide zones of mineralisation in holes Bg21005 and Bg21006 from the ongoing exploration drill programme at the Beskauga copper-gold deposit and surrounding area in Kazakhstan.
Highlights:
- Hole Bg21006 returned a significant intersection of 689.2 m of mineralisation grading 0.76 % copper-equivalent (CuEq) or 0.92 gram per tonne (g/t) gold-equivalent (AuEq) (0.60 g/t gold (Au), 0.24 % copper (Cu), 1.4 g/t silver (Ag) and 12.8 ppm molybdenum (Mo) starting at 43.0 m from surface to end of hole.
- Including 120.9 m grading 2.35 % CuEq or 2.84 g/t AuEq (1.95 g/t Au, 0.69 % Cu, 3.8 g/t Ag and 15.7 ppm Mo) from 348.9 m depth down-hole.
- Including an exceptionally high-grade interception of 17 m grading 7.48 % CuEq or 9.05 g/t AuEq (6.77 g/t Au, 1.78 % Cu, 8.8 g/t Ag and 24.5 ppm Mo) from 446.0 m depth down-hole.
- And including 99.9 m grading 1.11 % CuEq or 1.34 g/t AuEq (0.85 g/t Au, 0.38 % Cu, 1.9 g/t Ag and 25.8 ppm Mo) from 493.1 m depth down-hole.
- Hole Bg21005 tested, for the first time, an approximately 400 x 500 meter circular magnetic high immediately west of the Beskauga deposit. The hole returned 903.6 m of mineralization grading 0.16% CuEq or 0.20 g/t AuEq (0.16 g/t Au, 0.09 % Cu, 1.2 g/t Ag, and 43.5 ppm Mo) starting at 49 m from surface and hosted within a strongly potassic-altered monzodiorite.
Diamond drilling is ongoing at Beskauga with further assay results expected in the coming months. The company has recently changed drilling contractors to have the option to drill deeper, as required.
“The company is pleased to deliver more exceptional drill results with hole Bg21006 confirming historical drilling and further increasing the continuity and dimensions of the highest-grade ore shoot to the south and to depth at Beskauga,” CEO, Tim Barry, said.
“With each new drill hole, we are improving our understanding of the deposit geology and controls on mineralisation. Bg21005 is an exploration hole aimed at identifying the cause of a prominent bulls-eye magnetic high, identified in our airborne magnetics survey, west of the main deposit.
“We have now identified the anomaly as a strongly potassic-altered monzodiorite intrusion. Despite being weakly mineralised, there are several lines of geochemical and structural evidence that support our favoured hypothesis that the monzodiorite is not the causative intrusion for the copper-gold mineralisation at Beskauga Main.
“We believe that the potassic core of the porphyry responsible for the mineralisation at Beskauga Main has yet to be found and is the focus of our continued drill programme. Nevertheless, the recognition of a potentially separate mineralised intrusion revealed in Bg21005 may support the clustering of two or more porphyry centres and is a reminder of how much more there is yet to discover at Beskauga.”
For further information please visit: https://www.arrasminerals.com/
