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Arras Minerals Corp. (TSXV:ARK)(OTCQB:ARRKF) has provided an update on its exploration activities in NE Kazakhstan. Key highlights include:
- Completion of a 3,547 line-kilometer Heli-TEM survey at the Bozshakol project
- Commencement of a KGK drill program at Aktasty and Maisor licenses
- 80% completion of a Ground IP Survey at the Elemes project, with core drilling underway
- Completion of a KGK drill program at the Tay project
The company is progressing well across its project portfolio, with drilling activities at Elemes targeting high-priority areas. Assay results from the Tay project are expected in October.
Arras Minerals Corp. (TSX-V:ARK)(OTCQB:ARRKF) has initiated a 3,381 km airborne electromagnetic survey at its Bozshakol group of licenses in Kazakhstan. This Heli-TEM survey is part of the Teck-Arras Strategic Exploration Alliance announced in December 2023. The survey covers the entire 1,397 square-kilometer Bozshakol Project, located near the operating Bozshakol copper mine.
Key points:
- Survey lines will be flown northwest-southeast, approximately 500m apart
- The shallow overburden has prevented geological mapping and soil sampling
- The survey will provide data to guide future exploration for porphyry deposits
- Future work includes ground-based geophysics, trenching, and diamond drilling
The Bozshakol Project consists of seven exploration licenses covering about 1,400 square kilometres in the Bozshakol-Chingis magmatic arc. The area has received historic exploration due to unconsolidated cover masking bedrock geology.
Arras Minerals Corp. (TSXV:ARK)(OTCQB:ARRKF) has upgraded its OTC listing to the OTCQB Market, effective July 18, 2024. The company's common shares will trade under the symbol ARRKF on the OTCQB while continuing to trade on the TSX Venture Exchange as ARK. This upgrade aims to expand Arras Minerals' U.S. shareholder base and provide broader investor access to the company's extensive copper-gold projects in Kazakhstan.
The OTCQB, operated by OTC Markets Group in New York, is designed for developing companies and requires current financial reporting, annual verification, and management certification. This upgrade is expected to enhance visibility and trading decisions for investors interested in Arras Minerals' portfolio.
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