KGK Drilling Program Commences To Explore Buried Anomaly

VANCOUVER - Arras Minerals Corp. has commenced a 100-hole, 5,000-metre KGK drill program to explore a 6.5 km x 2.1 km buried chargeability anomaly identified by a Soviet era Induced Polarization (IP) survey on Tay exploration License.

A 100-hole KGK drilling program, totaling approximately 5,000 metres, is planned, targeting the large, buried 6.5 km x 2.1 km East-West trending coherent Soviet-era IP chargeability anomaly comparable to the chargeability high of the Bozshakol open pit copper-gold mine which was completed during the same era.

The purpose of the KGK program is to sample the top of bed rock through the overburden to assess the geology and the cause for the chargeability high on the Tay License. Should the KGK drilling confirm the presence of a buried hydrothermal system or porphyry style alteration, the program will be followed up with a diamond drill program expected later in the year.

The Tay Licence is located 28 km north of Kaz Mineral's Bozshakol mine, a significant copper-gold operation with over one billion tonnes of reserves, producing over 100,000 tonnes of copper annually.

Tim Barry, CEO, said, “We are excited to commence the exploration program at our Tay License. This marks the first modern exploration effort on the site, with no documented drilling to date. Our focus is on the large Soviet-era chargeability anomaly, which is analogous to a Soviet IP anomaly over the Bozshakol deposit, a billion-tonne copper-gold mine located 26 km south. Our team is actively exploring across our tenement package, and this initial program at Tay aims to test the bedrock buried beneath unconsolidated cover. The Tay prospect exemplifies the excellent exploration potential in Kazakhstan, where we have been able to acquire, permit, and now drill in just a few months. This further highlights the outstanding support that mining and exploration companies receive from government agencies in this modern and dynamic country."