Arras Minerals (TSXV:ARK)(OTCQB:ARRKF) has provided an update on its core drilling program at the Elemes Project in Kazakhstan. The company confirmed that the program, which began in September, remains on schedule and is expected to conclude by the end of December.
Tim Barry, CEO of Arras Minerals, commented in a press release: “We are very pleased with the progress of the core drilling program at Elemes over the past three months. This Phase 1 campaign is testing new target areas developed through our recent fieldwork, and we are encouraged by the early indications we’ve seen so far that Elemes is indeed a large epithermal-porphyry system that has yet to be explored with modern techniques.”
The Phase 1 diamond drilling program covers approximately 4,000 metres and focuses on several key targets: Berezski Central, Berezski East, Q-Gorka, and K-Ozek. These targets were selected following two exploration seasons at the Elemes Project, which included airborne magnetic surveys, Pole-Dipole Induced Polarization geophysical surveys, as well as soil sampling and mapping.
In addition to recent exploration efforts, historical drill holes at Berezski East and Q-Gorka were re-assayed earlier this year. The re-assays were previously detailed in Arras Minerals’ news releases issued on January 8 and January 22, 2024.
Arras Minerals acknowledged delays in receiving assay results for drill samples collected in September and October. The company cited longer-than-expected processing and verification times. However, Arras now anticipates announcing the initial assay results by early January 2025, with subsequent results to be released as they become available.
The Elemes Project has been a key focus for the company’s exploration activities. The drill program aims to test areas identified through prior exploration data to determine the potential for mineralized systems in the region.
The Elemes Project is one of Arras Minerals’ key assets as the company continues its exploration efforts in Kazakhstan. Arras has focused on ensuring rigorous quality assurance and quality control processes throughout the program.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
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