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Arras Minerals Intercepts 365m @ 0.88 % CuEq, Including 64m @ 2.62 % CuEq at the Beskauga Project, Kazakhstan
VANCOUVER, British Columbia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce assay results
About this update from Arras Minerals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce assay results from holes Bg21009, Bg21010 and Bg22012 from the ongoing exploration drill program at the Beskauga copper-gold deposit and surrounding area (“Beskauga” or the “Project”). Highlights: Hole Bg22012 returned a significant intersection of 365.0 metres (“m”) of mineralization grading 0.88 % copper-equivalent (“CuEq”) or 1.06 gram per tonne (“g/t”) gold-equivalent (“AuEq”) (0.54 g/t gold (“Au”), 0.40 % copper (“Cu”), 2.0 g/t silver (“Ag”) and 35.3 ppm molybdenum (“Mo”)) starting at 41.0 m from surface to 406.0 m. Including 29.0 m grading 1.01 % CuEq or 1.22 g/t AuEq (0.60 g/t Au, 0.48 % Cu, 2.1 g/t Ag and 31.8 ppm Mo) from 87.0 m depth down-hole. And Including 64.0 m grading 2.62 % CuEq or 3.17 g/t AuEq (1.82 g/t Au, 1.04 % Cu, 4.6 g/t Ag and 66.5 ppm Mo) from 120.0 m depth down-hole. Including 30.0 m grading 4.00 % CuEq or 4.84 g/t AuEq (2.95 g/t Au, 1.47 % Cu, 6.2 g/t Ag and 63.8 ppm Mo) from 120.0 m depth down-hole. Holes Bg21009 and Bg21010 tested areas outside of the Beskauga Main deposit. Strong advanced argillic to argillic alteration and local zones of copper-gold mineralization in hole Bg21010 demonstrates the potential for concealed porphyry-style mineralization hosted within the thick volcano-sedimentary package that is separated from Beskauga Main by a prominent regional-scale NW-SE trending fault zone. Diamond drilling is ongoing at Beskauga (Figure 1) and Beskauga South (Figure 2) with further assay results expected in the coming months. Tim Barry, CEO of Arras, commenting on these latest results, stated, “Drilling at Beskauga continues to deliver near-surface, broad intervals of significant copper-gold mineralization. Hole 22012 also included a high-grade intersection of 64m @ 2.62% Cu Eq at 120m from surface which also included a spectacular zone of 30 meters at 4.00% CuEq. These grades are indicative of high-grade zones found throughout the deposit which we continue to review as we explore for the core of this very extensive system.” Mr. Barry went on to add, “We continue with one core rig currently drilling on the Beskauga license rotating between areas adjacent to the known deposit and also new targets which have been proved up on the 63 sq km license from ...