Arras Minerals (TSXV:ARK) Commences Drilling at Berezski and Aimandai Targets in Kazakhstan

Figure 1. Tay concession location in relation to Arras’s License Package showing Arras-Teck Strategic Alliance Areas as “Package A” and “Package B” as well as the Elemes, Aimandai, Stepnoe, & Ekidos licenses which are 100% owned by Arras. Source: Arras Minerals

Arras Minerals (TSXV:ARK) has announced the start of a regional field program across its 3,300 square-kilometer license package in Pavlodar, Kazakhstan. The exploration area is within the Bozshakol-Chingiz metallogenic belt, known for containing the Bozshakol Mine and the Beskauga copper-gold-silver deposit.

Tim Barry, CEO of Arras, commented on the upcoming 2024 Field Program in a press release: “We are very much looking forward to starting the 2024 field program. This will be our third exploration season in Kazakhstan. Over the previous couple of seasons, we have assembled an excellent team of young local geologists, gained hard won experience on how to effectively explore in Kazakhstan, and put in place robust systems which allows us to quickly assess projects and move them to the next stage. Furthermore in 2024, we are very pleased to also have our partner, Teck, working with us. They will provide invaluable additional support via their technical specialists. We are also excited to follow up on our Elemes and Tay prospects and expect to drill them later in the season after refining the targets with additional mapping and geophysics.

The 2024 field program has the potential to be transformative for Arras. We expect to drill at least three new porphyry prospects this year, which when combined with the Beskauga Project which we have under an option to purchase, means we potentially have at least four porphyry prospects controlled by the company. The project portfolio is close to incredible infrastructure and the country is quickly becoming a tier-one destination for copper and gold exploration globally as demonstrated by many of the copper and gold majors establishing a presence in Kazakhstan over the past 6-12 months.”

The program includes work under the Teck Strategic Alliance, focusing on two license packages covering 1,736 square kilometers. Activities planned for 2024 include airborne and ground geophysics, followed by mapping, soil sampling, and targeted drilling.

Additionally, the program will explore the Elemes Project, specifically the Berezski and Aimandai targets. The Berezski Target is an 8.8-kilometer-long copper anomaly with historical drilling showing promising results. The Aimandai Target is a 14-kilometer x 3.2-kilometer copper anomaly that has not yet been drilled. Both targets will undergo detailed mapping and ground geophysics to define drill targets for upcoming diamond drilling.

The Tay Project, specifically the Tay IP Target, will also be explored. This target is a 6.5-kilometer x 2.1-kilometer chargeability anomaly located 28 kilometers north of the Bozshakol mine. The prospect is covered with unconsolidated cover and has not been systematically explored using modern methods. The plan includes a KGK drill program to understand the geology, followed by diamond drilling to test the chargeability high.

The project area benefits from existing infrastructure, including a paved highway, power lines, and rail, all within close proximity to the targets.

Figure 2. The 14-kilometre long Aimandai and 8.8-kilometre long Berezski Copper Targets are shown as NE-SW trending copper soil anomalies. The location of historical drill holes is also shown on the Berezski anomaly. There is no known drilling on the Aimandai anomaly. Source: Arras Minerals

Highlights from the results are as follows:

  • The 2024 Exploration program will target licences associated with the Teck Strategic Alliance, and Arras’s 100% owned Elemes and Tay projects.
  • An extensive airborne and ground geophysics program, followed by a mapping, soil sampling and drill program over the Package A and Package B Licences under the Strategic Alliance with Teck Resources Limited (“Teck”).
  • A geophysics and detailed mapping program followed an initial diamond drill program targeting the Berezski and Aimandai copper targets located within the Elemes Project.
  • An initial scout KGK program followed by an initial diamond drill program on the Tay Project, targeting the 6.5-kilometre x 2.1-kilometre Induced Polarization (“IP”) chargeability anomaly.

 

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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