Arras Minerals (ARK.V) has released additional assay results from four holes drilled at the Berezski Central target. Two of the holes encountered significant intercepts of copper-gold mineralization with EL26046 encountering 338 meters of 0.44% copper-equivalent (0.17% copper, 0.24 g/t gold and some silver and molybdenum), including a higher grade interval of 184 meters containing 0.57% copper-equivalent (0.22% copper and 0.31 g/t gold, with silver and molybdenum.
Hole EL26045 encountered 705 meters of continuous mineralization starting at surface, with an average grade of 0.23% copper-equivalent. Within that long 705 meter interval, there were several higher-grade zones such as 230 meters of 0.39% copper-equivalent and 86 meters of 0.46% copper-equivalent within that 230 meter zone.
Hole 049 encountered 2 meters of 1.49% copper-equivalent, while hole 051 did not yield any significant results. Looking at the map (at the top of this update), hole 51 was drilled quite a bit to the west of the central target, and the location of this hole was designed to test a large conductivity anomaly. Hole 49 was also drilled slightly outside the KGK anomaly and was designed to test a large IP chargeability and a soil geochemical anomaly.
The two holes that did intercept meaningful mineralization have now expanded the Berezski Central target to 1,000 meters by 600 meters, while the vertical depth of the system has now been confirmed up to 700 meters.
The drill program is still ongoing and 39,000 meters of drilling has already been completed, with an additional 5,000 meters to go before wrapping up this four rig drill program in December. Arras Minerals has confirmed the turnaround times at the lab are improving, so we should see a steady flow of assay results for the next 3-4 months.
Disclosure: The author has a small long position in Arras Minerals. Arras is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
