Arras Minerals Completes KGK Drilling on its Bozshakol Group Mineral Licenses, Kazakhstan
Arras Minerals Corp. (TSX-V:ARK) has completed its top of bedrock (KGK) drill program on the Maisor and Aktasty exploration targets within its Bozshakol Group of licenses in Kazakhstan. The program, part of the Arras-Teck Resources Strategic Exploration Alliance, consisted of 434 holes totaling 11,106.2m, exploring nearly 270 square kilometers. The drilling focused on the northeast continuation of the Bozshakol historic IP anomaly and surrounding areas.
The Bozshakol project, located 56km northwest of Ekibastuz, surrounds KAZ Minerals' Bozshakol Cu-Au mine. It covers 1,397.25 square kilometers across seven exploration licenses. The area has received historic exploration due to unconsolidated cover masking bedrock geology. The KGK drilling technique is used to penetrate the 10-40m of Quaternary cover and sample the underlying bedrock.
Arras Minerals Corp. (TSX-V:ARK) ha completato il suo programma di perforazione su bedrock (KGK) sui target esplorativi di Maisor e Aktasty all'interno del gruppo di licenze Bozshakol in Kazakistan. Il programma, parte dell'Alliance Strategica per l'Esplorazione Arras-Teck Resources, è consistito in 434 fori per un totale di 11.106,2 m, esplorando quasi 270 chilometri quadrati. Le perforazioni si sono concentrate sulla continuazione a nord-est dell'anomalia storica IP di Bozshakol e nelle aree circostanti.
Il progetto Bozshakol, situato a 56 km a nord-ovest di Ekibastuz, circonda la miniera di rame-oro Bozshakol di KAZ Minerals. Copre 1.397,25 chilometri quadrati attraverso sette licenze esplorative. L'area ha ricevuto esplorazioni storiche a causa della copertura non consolidata che maschera la geologia del bedrock. La tecnica di perforazione KGK viene utilizzata per penetrare i 10-40 m di copertura quaternaria e campionare il bedrock sottostante.
Arras Minerals Corp. (TSX-V:ARK) ha completado su programa de perforación en la base de roca (KGK) en los objetivos de exploración de Maisor y Aktasty dentro de su grupo de licencias de Bozshakol en Kazajistán. El programa, parte de la Alianza Estratégica de Exploración Arras-Teck Resources, consistió en 434 agujeros con un total de 11.106,2 m, explorando casi 270 kilómetros cuadrados. La perforación se centró en la continuación noreste de la anomalía IP histórica de Bozshakol y áreas circundantes.
El proyecto Bozshakol, ubicado a 56 km al noroeste de Ekibastuz, rodea la mina de cobre-oro Bozshakol de KAZ Minerals. Cubre 1.397,25 kilómetros cuadrados a través de siete licencias de exploración. El área ha recibido exploraciones históricas debido a la cobertura no consolidada que oculta la geología de la roca madre. La técnica de perforación KGK se utiliza para penetrar los 10-40 m de cobertura cuaternaria y muestrear la roca madre subyacente.
Arras Minerals Corp. (TSX-V:ARK)는 카자흐스탄의 Bozshakol 라이센스 그룹 내 Maisor 및 Aktasty 탐사 목표지에서 암반 상부(KGK) 드릴 프로그램을 완료했습니다. 이 프로그램은 Arras-Teck Resources 전략 탐사 얼라이언스의 일환으로 434개의 구멍을 통해 총 11,106.2m를 탐사하며 거의 270 평방 킬로미터를 탐사했습니다. 드릴링 작업은 Bozshakol 역사적 IP 이상 현상의 북동쪽 연속성과 주변 지역에 집중되었습니다.
Bozshakol 프로젝트는 Ekibastuz에서 북서쪽으로 56km 떨어진 곳에 위치하며 KAZ Minerals의 Bozshakol Cu-Au 광산을 둘러싸고 있습니다. 이 지역은 1,397.25 평방 킬로미터를 차지하며 7개의 탐사 라이센스를 포함합니다. 이 지역은 비결정성 덮개로 인해 암반 지질이 가려져 있어 역사적인 탐사를 받았습니다. KGK 드릴링 기술은 10-40m의 사창 지층을 관통하고 그 아래의 암반을 샘플링하는 데 사용됩니다.
Arras Minerals Corp. (TSX-V:ARK) a achevé son programme de forage de lit de roche (KGK) sur les cibles d'exploration de Maisor et Aktasty au sein de son groupe de licences Bozshakol au Kazakhstan. Le programme, qui fait partie de l'Alliance Stratégique d'Exploration Arras-Teck Resources, a consisté en 434 forages totalisant 11 106,2 m, explorant près de 270 kilomètres carrés. Le forage s'est concentré sur la continuation nord-est de l'anomalie historique IP de Bozshakol et les zones environnantes.
Le projet Bozshakol, situé à 56 km au nord-ouest d'Ekibastuz, entoure la mine de cuivre-or de Bozshakol de KAZ Minerals. Il couvre 1 397,25 kilomètres carrés à travers sept licences d'exploration. La zone a reçu une exploration historique en raison de la couverture non consolidée masquant la géologie du lit de roche. La technique de forage KGK est utilisée pour pénétrer les 10-40 m de couverture quaternaire et échantillonner le lit de roche sous-jacent.
Arras Minerals Corp. (TSX-V:ARK) hat sein Bohrprogramm zur Erkundung des Oberflächenfundaments (KGK) auf den Explorationszielen Maisor und Aktasty innerhalb seiner Bozshakol-Lizenzgruppe in Kasachstan abgeschlossen. Das Programm, das Teil der strategischen Explorationsallianz zwischen Arras und Teck Resources ist, umfasste 434 Bohrlöcher mit einer Gesamtlänge von 11.106,2 m und erkundete nahezu 270 Quadratkilometer. Die Bohrungen konzentrierten sich auf die nordöstliche Fortsetzung der historischen IP-Anomalie von Bozshakol und die umliegenden Gebiete.
Das Bozshakol-Projekt liegt 56 km nordwestlich von Ekibastuz und umgibt die Kupfer-Gold-Mine Bozshakol von KAZ Minerals. Es erstreckt sich über 1.397,25 Quadratkilometer und umfasst sieben Explorationslizenz. Das Gebiet erhielt aufgrund der nicht konsolidierten Auflage, die die Geologie des Untergrunds verdeckt, historische Erkundungen. Die KGK-Bohrtechnik wird eingesetzt, um die 10-40 m dicken quartären Ablagerungen zu durchdringen und das darunterliegende Grundgestein zu entnehmen.
- Completion of a large-scale KGK drilling program (434 holes, 11,106.2m) exploring 270 square kilometers
- Strategic location adjacent to the operating Bozshakol Mine (1.003BT @ 0.34% Cu, 0.13 g/t Au reserves)
- Part of a strategic alliance with Teck Resources
- Potential for discovering additional porphyry deposits in the area
- Results from the drilling program are not yet available
- The explored area has historic exploration due to thick cover, indicating potential challenges
VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / Arras Minerals Corp. (TSX-V:ARK) ("Arras" or "the Company") is pleased to announce that it has completed its top of bedrock ("KGK") drill program to explore the Maisor and Aktasty exploration targets defined by the 2023 soil sampling programs. These targets are located within its Bozshakol Group of licenses that form part of the Arras-Teck Resources Limited ("Teck") Strategic Exploration Alliance announced on December 7, 2023, surrounding the operating Bozshakol Mine, operated by Kaz Minerals (P&P reserves 1.003BT @
Highlights from the KGK Drilling
A 434-hole program totaling 11,106.2m of KGK drilling
Program explored nearly 270 square kilometers
Explored northeast continuation of Bozshakol historic IP anomaly and surrounding area
Tim Barry, CEO of Arras Minerals, commented, "We're thrilled to have wrapped up the KGK drilling program on the Maisor and Aktasty licenses. This drill program is part of a much larger exploration program we have been conducting this summer under our strategic alliance with Teck. The areas targeted by the KGK drilling are situated right next to the Bozshakol Mine, and have long been overlooked due to the 10 to 40 meters of quaternary cover, which has historically hindered exploration in the area. It's well-established that porphyry deposits often cluster together in many regions, and we're optimistic that this drilling could lead to the discovery of additional deposits around Bozshakol. We're now preparing the drill samples and will be sending them off for analysis shortly."
KGK Drilling: KGK drilling is a very effective technique to explore in areas with thick post-mineral cover to penetrate the alluvium cover and sample the underlying bedrock to guide exploration on the Bozshakol Group of concessions, that surround Kaz Minerals Bozshakol mine, a significant copper-gold operation with over one billion tonnes of reserves, producing 100,000+ tonnes of copper annually.
The program consisted of 434 holes, totaling 11,106.2m, and the program was designed to confirm positive soil results identified in the 2023 soil sampling programs, and to explore the continuation of the Bozshakol Mine trend where it trends to the northeast undercover. A large percentage of the drill holes focused on regional drilling testing multiple early-stage targets on the Maisor and Aktasty concessions.
Teck Package A, Bozshakol Project:
The Bozshakol project is located 56km to the northwest of the town of Ekibastuz and surrounds and covers the potential continuation of mineralization of KAZ Minerals' Bozshakol Cu-Au mine.
This area has received limited historic exploration due to unconsolidated cover masking bedrock geology. The property consists of seven exploration licenses and covers 1,397.25 square kilometers.
The property is in the Bozshakol-Chingis magmatic arc is an accretionary arc composed mainly of volcanics, volcaniclastics, older plutons and a nickel rich ophiolite belt of Cambrian age that have been intruded by mid-Ordovician aged intrusions, several of which host economic Cu-Au porphyry mineralization. This package is regionally folded and refolded.
KGK Drilling Program
KGK drilling or hydraulic-core lift drilling is a system designed to drill holes for geochemical sampling and geological mapping of basement rocks underneath surface cover. The method was developed in the Soviet Union and is in general like "wet" reverse circulation (RC) drilling to collect geochemical samples of the bedrock beneath the 10-40m of Quaternary cover.
References
1Bozshakol Mine Reserves - Kaz Minerals 2020 annual report - https://www.kazminerals.com/media/22038/kaz-minerals-annual-report-2020.pdf
Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director
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About Arras Minerals Corp.
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck will sole fund a US
Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.
Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.
Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
SOURCE: Arras Minerals Corp.
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