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Arras Minerals Reports 62m @ 1.53 % CuEq Re-Assays in Historical Drillholes on a New Copper-Gold Porphyry Target
VANCOUVER, British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the results f
About this update from Arras Minerals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the results from the re-analysis of samples from three historic diamond drill holes from the Quartzite Gorka project (“Quartzite Gorka” or the “Project”) located within the Company’s Elemes exploration licence (“Elemes” or the “Licence”) in northeastern Kazakhstan. The Elemes licence is not included in the Teck-Arras Strategic Exploration Alliance announced on December 7, 2023. Highlights from the Re-Assay include: Q11 - 127.0m of mineralization grading 0.66 % CuEq or 0.80 g/t AuEq (0.61 g/t Au, 0.25 % Cu, 3.6 g/t Ag and 90.4 ppm Mo) starting at 41.0 m from surface. Including 62.0m grading 1.53 % CuEq or 1.87 g/t AuEq (1.04 g/t Au, 0.43 % Cu, 4.8 g/t Ag and 156.3 ppm Mo) from 41.0 m depth down-hole. Q10 - 132.6m grading 0.80% Cu Eq or 0.96 g/t Au Eq (0.39% Cu, 0.52 g/t Au, 4.1 g/t Ag, 59.5 ppm Mo) from 140.7m depth. Including 57.1m grading 1.00 % CuEq or 1.20 g/t AuEq (0.85 g/t Au, 0.45 % Cu, 4.8 g/t Ag and 51.0 ppm Mo) from 188.7 m depth down-hole. Q4 - 68.2m of mineralization grading 0.48 % CuEq or 0.58 g/t AuEq (0.41 g/t Au, 0.23 % Cu, 4.5 g/t Ag and 3.7 ppm Mo) starting at 19.8 m from surface. Including 14.0m grading 0.69 % CuEq or 0.84 g/t AuEq (0.84 g/t Au, 0.16 % Cu, 7.7 g/t Ag and 3.6 ppm Mo) from 73.2 m depth down-hole. The mineralization is interpreted as a breccia-hosted intermediate sulfidation epithermal system that forms part of a far larger porphyry-epithermal system within the Elemes licence. The Elemes license also hosts the Berezki copper-gold and Karagandy-Ozek gold prospects all of which were part of the key focus for the 2023 summer field program with more than 30,000 soil samples taken which are now being analyzed. Once analysis of the full 2023 summer field program has been completed, the Company plans to develop an extensive exploration strategy. This strategy will encompass additional geological mapping and KGK drilling to investigate the geological features concealed beneath younger cover sequences. Any identified targets will then be subject to the company's initial drilling campaign. Tim Barry, CEO, commented, “The results come from the Elemes Licence and represent an entirely new mineralizing system which sits approximately 80 kilometers to the west of ou...