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Arras Minerals Intercepts 603.7m @ 0.40% CuEq, Including 317.6m @ 0.55% CuEq on the Beskauga Licence, Northeastern Kazakhstan
VANCOUVER, British Columbia, May 25, 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, May 25, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX.V: ARK) (“Arras”, or the “Company”) is pleased to announce assay results from holes Bg22021, Bg22022, Bg22016, Bg22018 and Bg22019 from the ongoing drill program at the Beskauga copper-gold deposit and surrounding area (“Beskauga” or the “Project”). Highlights Include: Bg22021: 603.7 m of mineralization grading 0.40% copper-equivalent (“CuEq”) (0.24 g/t gold (“Au”), 0.19 % copper (“Cu”), 0.86 g/t silver (“Ag”)) starting at 136.0 m. Including: 317.6 m grading 0.55 % CuEq (0.35 g/t Au, 0.25% Cu, 1.05 g/t Ag) starting at 351.0 m depth down-hole. Consistent mineralization was seen for the entire length of hole Bg22021 (739.7 m) and further defines a high-grade core to the Beskauga deposit within a lower grade halo. Bg22022: 546.9 m of mineralization grading 0.14 gram per ton (“g/t”) gold-equivalent (“AuEq”) (0.12 g/t gold (“Au”), 0.01 % copper (“Cu”), 0.1 g/t silver (“Ag”)) starting at 31.1 m to the end of the drill hole. Including: 65.0 m grading 0.44g/t AuEq (0.41 g/t Au, 0.02% Cu, 0.2 g/t Ag) starting at 105.0 m depth down-hole. Including: 34.0 m grading 0.30g/t AuEq (0.28 g/t Au, 0.01% Cu, 0.13 g/t Ag) starting at 243.0 m depth down-hole. Mr. Tim Barry, CEO commented, “Drilling at Beskauga continues to deliver near-surface, broad intervals of significant copper-gold mineralization. Hole Bg22021 also included two zones of high-grade mineralization including 26 meters at @ 1.01% copper equivalent and another zone of 18 meters at 1.41% copper equivalent. 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.” Table 1. Summary table for drill holes for this news release is shown below Notes: Copper Equivalent (“CuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: CuEq % = Copper (%) + (Gold (g/t) x 0.8264) + (Silver (g/t) x 0.0107) + (Molybdenum (ppm) x 3.3333). Gold Equivalent (“AuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: AuEq g/t = Gold (g/t) + (Copper (%) x 1.2100) + (Silver (g/t) x 0.0129) + (Molybdenum (ppm) x 4.0334). Assumptions used for the copper and gold equivalent calculations were metal prices of US$3.00/lb. Copper, US$1,700/o...