Arras Minerals Announces Plans to Drill Multiple Targets Identified Under Strategic Alliance
ARRAS MINERALS ANNOUNCES PLANS TO DRILL MULTIPLE TARGETS
IDENTIFIED UNDER STRATEGIC ALLIANCE
February 26, 2025 TSX-V: ARK / OTCQB: ARRKF
Vancouver, British Columbia – Arras Minerals Corp. (TSX-V: ARK, OTCQB: ARRKF) (“Arras” or “Arras
Minerals” or “the Company”) is pleased to provide an update on the ongoing exploration program across
1,736 square kilometers (“sq km”) of licenses that form the Arras-Teck Resources Limited (“Teck”) Strategic
Alliance. The Company is working with contractors to finalize contracts to initiate geophysical and drilling
programs expected to commence in the second quarter.
Highlights for the 2025 Arras–Teck Strategic Alliance Program
Multiple copper and copper-gold drill targets identified from extensive 2024 field program
+5,000m follow up diamond drill program planned on multiple targets
Targeted 75 line-km Pole-Dipole Induced Polarization (“P-DP IP”) program planned
Arras (via its subsidiary) to continue to operate the program on behalf of Teck in 2025.
Tim Barry, CEO of Arras Minerals commented, “The 2024 exploration program was a tremendous success,
leading to the identification of multiple high-quality drill targets. Our team has been working hard to compile
and interpret the vast amount of data collected with strong support from Teck to plan the follow up drill
campaign on these targets in 2025. We’re particularly excited with the range of targets that have been
identified and we hope to replicate our recent success on our Elemes Project by making a new porphyry
discovery in Kazakhstan”.
Figure 1. Arras’s License Package showing Arras-Teck Strategic Alliance Areas as “Package A” and
“Package B” as well as remaining Arras licenses (shown in blue)
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New High Priority Drill Targets Being Finalized: The Arras-Teck Strategic Alliance, along with Arras’s
independent exploration efforts, represented one of the most extensive greenfield copper-gold exploration
programs in Kazakhstan in 2024. This work has further refined our understanding of the Bozshakol-Chingiz
Magmatic Arc and led to the identification of high-priority drill targets, which we plan to test with drilling
expected to commence in April this year.
Summary of “Package A” Targets: Package A comprises seven exploration licenses spanning 1,397sq km,
located 56 km northwest of Ekibastuz. It surrounds KAZ Minerals’ Bozshakol copper-gold mine and covers the
potential extension of the Bozshakol trend. Prior to Arras' 2024 exploration program, the area had undergone
limited historic exploration. The property hosts several promising targets with diverse mineralization styles,
including porphyry copper-gold, Volcanic-Hosted Massive Sulphide (VHMS), and orogenic gold.
Priority Exploration Targets in “Package A” for 2025 Program:
Name Target Notes
Taga Porphyry Large chargeability anomaly with associated KGK Cu anomalies.
Shirderty Porphyry Coherent Cu anomaly associated with annular magnetic targets.
Tort Kuduk Porphyry
Coincident Cu and Mo soil anomalies. Field review found quartz
stockwork veining in silicified feldspar porphyry.
Pinta
Porphyry-
Epithermal Large Cu soil anomaly.
Figure 2. Package A Licenses and exploration targets
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Taga-Ketti Target: The Taga-Ketti target is approximately 20 km to the east-northeast from the Bozshakol Mine
and may be on the same structural trend. Wide spaced KGK drilling identified several diorite intrusions with
anomalous geochemistry. The geophysical data show a high chargeability halo with a resistivity low at center
over the target suggesting potential porphyry-style mineralization.
The upcoming exploration program at Taga-Ketti target is planned to commence with a follow-up Induced
Polarization (“IP”) survey to further define drill targets for testing in Q3 2025.
Shirderty Target: The Shirderty target is located on a large structural trend that runs parallel to the Bozshakol
Mine trend. Wide-spaced (500m spacing) KGK drilling defined a large (2 km by 2 km) coincident geochemical
anomaly associated with discrete annular magnetic targets and electromagnetic anomalies suggest the
potential for porphyry-style mineralization at this target.
At Shirderty, exploration will commence with an IP program to refine exploration targets, followed by drilling
in Q2/Q3 2025.
Pinta Target: The Pinta target is defined by a large copper soil anomaly coincident with large high amplitude
EM anomalies. The area is covered with minimal outcrops, but minor moderately altered intrusions have been
mapped in the area. An IP program is planned to define drill targets.
Tort-Kuduk Target: The Tort-Kuduk Target is a porphyry Target defined by a coincident copper-molybdenum
geochemical anomaly. Field mapping identified outcropping Quartz-feldspar porphyry with veining. The EM
survey defined a strong conductivity anomaly stretching south from coinciding Mo-Cu Soil anomaly. The
company is planning an IP program to better define drill targets for follow-up drilling.
Summary of “Package B” Targets: consists of three exploration licenses covering 629.8 sq km, located
approximately 90 km southeast of Ekibastuz. The geological setting is dominated by Devonian and Silurian-aged
porphyritic andesites and basalts, which have been emplaced into tuffaceous sediments and conglomerates. Several
diorite and granodiorite intrusions cut through these units, and the district is structurally controlled by a series of
large northwest-southeast striking regional faults. The area hosts multiple mineralization styles, including Cu-Au
porphyry systems, Orthomagmatic Nickel (Ni) sulphides, and Au-rich Volcanic-Hosted Massive Sulphide (VHMS)
deposits.
Priority Exploration Target in “Package B” for 2025 Program:
Name Target Notes
Besshoky Porphyry- Epithermal
Broad Cu-Au-Ag-Mo-As-Pb-Zn soil anomaly with
coincident IP. Silicified lithocap mapped at
surface with tourmaline breccias.
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Figure 3. Akkuduk License and exploration targets
Besshoky Target: The Besshoky target is a poorly explored >20 sq km lithocap with coincident Cu-Mo-Se-Bi-As
soil and IP chargeability anomalies. Surface mapping has identified a series of porphyritic andesites with
tuffaceous conglomerates that have been intruded by a series of granites. The lithocap consists of strongly
altered breccias with wide-spread secondary quartzites, with advanced argillic, phyllic and propylitic alteration.
The lithocap is interpreted to represent the high part of a porphyry-epithermal system.
The company is planning to drill the Besshoky lithocap to gauge its potential to host porphyry Cu-Mo
mineralization and high-sulfidation epithermal Au mineralization.
Darren Klinck, President of Arras Minerals commented, "The Arras-Teck Strategic Alliance made significant
advances in 2024 and the systematic approach by the team has now generated a number of high-priority
targets for follow-up and drill-testing this year. This 2025 program presents multiple opportunities to
advance promising targets on our license package in a region with proven successful operating mines but
limited modern exploration over the past three decades. With multiple new targets to be tested on the
Strategic Alliance, combined with our planned Phase 2 program at Elemes, Arras is in a unique position to
have a number of key catalysts to drive significant value over the next twelve months”.
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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
INVESTOR RELATIONS:
+1 604 687 5800
Further information can be found on:
the Company’s website https://www.arrasminerals.com or
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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 Elemes copper-gold porphyry project and 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 may sole fund a US$5
million generative exploration program over a portion of the Arras license package in 2024-2025. The
Company’s shares are listed on the TSX-V under the trading symbol “ARK” and on the OTCQB under the trading
symbol “ARRKF”.
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,
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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.