Arras Minerals Defines a New 14KM Copper Soil Anomaly ON the Elemes Project, Kazakhstan
ARRAS MINERALS DEFINES A NEW 14KM COPPER SOIL
ANOMALY ON THE ELEMES PROJECT, KAZAKHSTAN
March 25, 2024 TSX-V: ARK
Vancouver, British Columbia – Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased
to introduce the results of its soil sampling program over the Aimandai Target, located within its Elemes
Project (“Elemes” or the “Project”) in northeastern Kazakhstan. The Elemes project is composed of several
mineral licences that are 100% owned by Arras and not included in the Teck-Arras Strategic Exploration
Alliance announced on December 7, 2023.
Highlights from the Soil Sampling program
Identified a second, unexplored 14 km x 3.2 km NE-SW trending coherent copper (“Cu”) anomaly
(>100ppm) called the “Aimandai Target” located within the Elemes Project.
Large, overlapping Arsenic (“As”) anomaly interpreted to be associated with an intermediate - to
high sulphidation epithermal system indicating a preserved porphyry system.
Field mapping and sampling has identified coincident altered rocks typical of a porphyry alteration
system that has never been drill tested.
The Aimandai Target is a parallel copper anomaly to the "Berezski Target," which Arras announced
on February 22, 2024. The Berezski Target is an 8.8-kilometer-long copper anomaly with historical
drilling that has yielded notable results such as 132 meters at 0.80% CuEq and 108 meters at
0.94% CuEq from surface. Both the Berezski Target and the Aimandai Target are located within
the Elemes Project.
Tim Barry, CEO of Arras Minerals stated, “Our Elemes Project is starting to yield some very exciting
potential. Recently we announced the “Berezski Target”, an 8.8-kilometer-long copper-in-soil anomaly
with historical drill holes spread over a 5-kilometer strike of this anomaly, which intercepted 132.6m @
0.80% CuEq and 108m @ 0.94% CuEq from surface. In this news release we are now announcing a second
parallel copper-in-soil anomaly called the “Aimandai Target”, that stretches over a remarkable 14-
kilometer strike and is associated with “at surface” porphyry-style alteration that has never been drilled.
The large alteration zone and associated arsenic anomaly suggests preservation of the upper and generally
higher-grade parts of a porphyry system. In summary, we have now defined what appears to be two
parallel, multi-kilometer porphyry-epithermal targets (the Aimandai and Berezski targets) on the Elemes
Project, which we intend to develop further in 2024.”
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Figure 1. The 14-kilometer long Aimandai and 8.8-kilometer long Berezski Copper Targets are shown as NE-SW trending copper soil anomalies. The location of historical
drill holes is also shown on the Berezski anomaly. There is no known drilling on the Aimandai anomaly.
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Figure 2. Soil sampling alteration map on the Elemes project. The 14-kilometer long Aimandai and 8.8 kilometer long Berezski Targets are shown as NE-SW trending
zones which correspond to the mapped alteration. Also shown is the location of historical drill holes on the Berezski anomaly. There is no known drilling on the
Aimandai anomaly.
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Figure 3. Soil anomaly maps showing copper (Cu), and arsenic (As) for the Berezski and Aimandai Targets located within the Elemes Project. The new Aimandai Target
copper soil anomaly highlights a second, 14-kilometer-long parallel porphyry system to the Berezski Target that has never been drill tested.
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The Soil Sampling Program: In 2023, a comprehensive soil sampling program was undertaken across the
Elemes License area. This program specifically targeted the well-developed "B soil horizon" utilizing a 50-
meter sample interval and 200-meter line spacing grid.
This press release announces the analysis results from the final 14,000 samples from this program. The
2023 program collected approximately 31,000 samples were collected and covered an area of 328.5
square kilometers and was completed in November 2023.
The soil analysis was conducted utilizing a Portable X-ray fluorescence device ("pXRF"), a widely employed
instrument for determining the elemental composition of samples. Due to the limited sampling area of
the pXRF, the results presented in this release are considered "indicative" rather than fully quantitative
regarding mineralization.
Despite this limitation, the results have revealed a substantial and coherent copper-in-soil anomaly, with
copper concentrations exceeding 100 ppm. Background copper in the area is less than 20 ppm. This
anomaly stretches over a remarkable distance of more than 14 kilometers in a northeast to southwest
direction and extends to approximately 3.2 kilometers in width from east to west. Limited historic drilling
has occurred to the south of this new anomaly exploring a series of outcropping low-sulphidation Au-
bearing quartz veins.
The Berezski and Aimandai Targets: are located within the 531 square kilometer Elemes Project. The
Project benefits from excellent modern infrastructure and ease of accessibility, being located only 20
kilometers from Arras’ operational base in the city of Ekibastuz, northeastern Kazakhstan. A paved
highway runs through the license, and within 5 km of the two targets. 1100 KVA power lines and heavy
rail all lie within a 15-kilometer radius of the project.
The Elemes Project is located within the Bozshakol-Chingiz metallogenic belt that also hosts the Beskauga
porphyry copper-gold-silver project approximately 80 km to the east, and KAZ Minerals’ Bozshakol
porphyry copper-gold mine approximately 60 km to the northwest.
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Figure 4. Arras’s License Package showing Arras-Teck Strategic Alliance Areas as “Package A” and “Package B” as well as the Elemes and Beskauga Projects and the Tay
license which are 100% owned by Arras.
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Sampling Methodology
Samples were collected on a 50m (East-west) by 200m (north-south) grid spacings. Samples were
collected from hand-dug pits, trying to consistently sample the B horizon. Approximately 500 grams of
material was collected and sieved (5mm mesh size) to review larger particles and organic matter.
Following collection, the samples were bagged, dried, and analyzed by the company with a Portable Niton
XL5 X-ray fluorescence analyzer at the company’s core storage facility in Ekibastuz.
Assay, QAQC Procedures
Analysis was conducted using the company’s two Niton XL5 portable XRF units. Units were calibrated at
the start and end of each work shift as well as after every 100 samples to verify accuracy. In addition, a
measurement from a certified reference material was taken every 20 measurements to ensure accuracy
and repeatability of data. In addition, prior to commencement of the measurements, 100 duplicate
samples were analyzed using both units to confirm that both units were producing accurate results and
that no bias was present in either of the units.
All soil material is stored at Arras’ warehouse in Ekibastuz, and the company plans to send a proportion
of these samples to ALS Chemex in Karaganda, Kazakhstan for reanalysis with a 4-acid digest ICP-MS61
analysis and for trace gold analysis (using Au-ST43).
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 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 ("Teck") in which Teck will sole fund a US$5 million generative exploration program
over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company’s
shares are listed on the TSX-V under the trading symbol “ARK”.
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.