From Surface at Berezski East Target - Elemes Project, Kazakhstan
ARRAS MINERALS DRILLS 86.8 METRES @ 1.10 G/T AUEQ
FROM SURFACE AT BEREZSKI EAST TARGET - ELEMES PROJECT,
KAZAKHSTAN
January 29, 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 announce additional drill results from its initial drill program
on its Elemes project in Northeast Kazakhstan. Drilling has intersected wide zones of near surface gold
mineralization at the Berezski East Target, and several gold-bearing veins at the K-Ozek Target adjacent
to the porphyry-style copper-gold mineralization intersected at the Bereszki Central Target reported by
the company in its news release on January 15, 2025.
The Elemes project is in the Bozshakol-Chingiz Magmatic arc and is 61 kilometres Southeast of Kaz
Mineral’s Bozshakol Copper Mine (“Bozshakol”). The Bozshakol mine commenced operations in 2016 and
in FY2023 produced 105,000t copper “Cu” & 115,000 oz gold “Au” per annum at US$0.95/lb Cu (net) cash
costs. Reported reserves are 1.003Bt @ 0.33% Cu & 0.13 g/t Au.
Highlights
EL24004: 304.8 m of mineralization grading 0.54g/t gold-equivalent (“AuEq”) (0.45 g/t
Au, 0.07 % Cu starting from 1.2m depth; including:
194.8 m grading 0.69 g/t AuEq (0.59 g/t Au, 0.08% Cu) starting at 1.2m
138.8 m grading 0.89 g/t AuEq (0.78 g/t Au, 0.09% Cu) starting at 1.2m
86.8m grading 1.10 g/t AuEq (0.92 g/t Au, 0.10% Cu) starting at 1.2m
37.8m grading 1.50 g/t AuEq (1.35 g/t Au, 0.13% Cu) starting at 1.2m
Deeper zone returned 50m @ 0.45 g/t AuEq (0.36 g/t Au, 0.08% Cu) from 210m depth.
EL24008: returned 128 m of mineralization grading 0.10g/t AuEq (0.06 g/t Au, 0.03 % Cu)
starting at 182 m.
Including: 12 m grading 0.20 g/t AuEq (0.14 g/t Au, 0.04% Cu) starting at 232 m
& 8 m grading 0.19 g/t AuEq (0.12 g/t Au, 0.05% Cu) starting at 232 m.
EL24009: 2 m of mineralization grading 1.55 g/t AuEq (1.51 g/t Au, 0.02 % Cu) starting from 99
m.
2
Tim Barry, CEO of Arras Minerals noted, “We’re very excited with these new results from Elemes,
particularly with drillhole EL24004 intersecting a thick zone of continuous gold mineralization starting from
surface. Most notably, it encountered 194.8 meters grading 0.69 g/t AuEq, including a higher-grade
interval of 37.8 meters grading 1.50 g/t AuEq. This mineralization is hosted in altered and locally brecciated
propylitic altered diorites containing 1-3% pyrite and pervasive quartz magnetite veining. This hole has
significantly advanced our understanding on the controls on gold mineralization at Berezski East and
suggests that it may host a significant open pitable gold deposit. We’re also very pleased with hole
EL24009 that explored the K-Ozek target and intersected several gold-bearing quartz veins suggesting that
this target has excellent potential to host multiple high-grade low sulphidation epithermal veins.”
Figure 1. Arras Minerals Elemes Project & additional project portfolio located in Pavlodar, Kazakhstan
3
Figure 2. Molybdenum “Mo” soil anomaly map highlighting the locations of drill holes completed by
Arras in 2024. The map also shows the location of the K-Ozek trenches, with results previously
announced by Arras in July 2023. The geological section line between drill holes EL24001 and EL24004
shown in this news release, is also displayed as the dashed line A-A’.
4
Figure 3. Arsenic and Copper soil anomaly map highlighting the locations of drill holes completed by Arras in 2024. The map also shows
the location of the Soviet-era K-Ozek trenches, with results previously announced by Arras in July 2023. The geological section line
between drill holes EL24001 and EL24004 shown in this news release, is also displayed as the dashed line A-A’.
5
Darren Klinck, President of Arras Minerals commented, “Results from the Elemes Phase 1 drill program
continue to deliver positive results with the most recent hole EL24004 at Berezski East demonstrating
broad zones of gold mineralization. This is encouraging and highlights the significant potential for both
copper and gold that exists at Elemes."
Table 1. Summary results from holes EL24004, EL24008 and EL24009
Hole ID Intersection Interval Au Cu Ag Mo CuEq AuEq
From (m) To (m) (m) (g/t) (%) (g/t) ppm (%) (g/t)
EL24004 1.20 306.00 304.80 0.46 0.07 0.4 3 0.49 0.54
Including 1.20 196.00 194.80 0.59 0.08 0.4 3 0.63 0.69
That Includes 1.20 140.00 138.8 0.78 0.09 0.4 3 0.81 0.89
And Includes 1.20 106.00 104.80 0.92 0.09 0.3 3 0.94 1.02
And Includes 1.20 88.00 86.80 0.99 0.10 0.3 3 1.01 1.10
And Includes 1.20 39.00 37.80 1.35 0.13 0.3 4 1.37 1.50
And Includes 210.00 260.00 50.00 0.36 0.08 0.3 3 0.41 0.45
EL24008 182.00 310.00 128.00 0.06 0.03 0.4 3 0.09 0.09
Including 232.00 244.00 12.00 0.14 0.04 0.7 5 0.18 0.14
EL24009 60.00 64.00 4.00 0.17 0.01 0.2 4 0.17 0.17
& 97.00 101.00 4.00 0.83 0.01 0.5 3 0.78 0.85
Including 99.00 101.00 2.00 1.50 0.02 1.4 4 1.42 1.51
Notes: Copper Equivalent (“CuEq”) grades reported for the drill holes at Elemes were calculated using the following formula: CuEq % = Copper
(%) + (Gold (g/t) x 0.9167) + (Silver (g/t) x 0.0100) + (Molybdenum (ppm) x 4.2857).AuEq grades reported for the drill holes at Elemes were
calculated using the following formula: AuEq g/t = Gold (g/t) + (Copper (%) x 1.090858) + (Silver (g/t) x 0.0109) + (Molybdenum (ppm) x 4.6751).
Assumptions used for the copper and gold equivalent calculations were metal prices of US$3.50/lb. Copper, US$2,200/oz Gold, US$24/oz Silver,
US$15/lb. Molybdenum, and metallurgical recoveries were assumed to be 100%.
Table 2. Drill-hole locations
Hole_lD Coordinates (UTM) Azi Dip Hole depth
(m) Easting Northing RL
EL24004 506963 5712788 227 083 -64 450.0
EL24008 507427 5714317 235 285 -72 323.4
EL24009 508124 5715387 235 295 -45 175.0
6
Drill-Hole Summaries
Drill hole EL24004 was designed to test a small Cu in soil anomaly, and to provide additional information
on the exploration target identified from historic drilling. The hole was drilled to 450m depth. The hole
was collared in strongly argillic altered Diorites and at 30m depth passed into propylitic altered diorites.
Mineralization is represented predominantly by veins of quartz and quartz-pyrite occasionally carrying
chalcopyrite. Pyrite and chalcopyrite dissemination is in traces if any. Magnetite and quartz-magnetite
veins and veinlets are prevailing almost through the entire drill hole.
Drill hole EL24008 was drilled to explore a coincident geochemical (Cu/Mo soil), magnetic and IP
anomalies. The hole was drilled to 323.4m depth, and intersected polymictic andesite breccia cut by
several feldspar-andesite dykes. Alteration is dominated by argillic-phyllic alteration that is by depth
gradually weakening and transiting to Propylitic (chlorite-hematite) alteration. Mineralization is mainly
pyrite in dissemination up to 2% through entire core and 5% in the interval from 113m to 200m. Veining
is weak locally moderate carbonate-pyrite and pyrite veins.
Drill hole EL24009 was designed to test an area where Arras has mapped and sampled several Au-Ag-rich
low sulphidation quartz veins. The hole was drilled to 175m and was collared in argillic altered Andesite
and from 21.5m continued through phyllic/argillic altered diorite with alteration getting weaker by depth
with remanent Propylitic alteration. Mineralization was mainly narrow zones of veining and silicification
and disseminated pyrite.
7
Figure 4. Plan map, showing 2024 drill-hole locations, overlain on copper soil anomaly, Elemes Project.
8
Figure 5. Cross-section looking NE showing key intercepts in drill-holes EL24001 and EL24004. The cross-section demonstrates a strong
porphyry-epithermal style of alteration hosting consistent mineralization. 1.0 Km distance between drill holes EL24004 and EL24001