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Arras Minerals Plans To Double Size of Current 2026 Drill Program to 40,000 Meters

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Arras Minerals (ARK.V) expanded its current 2026 drilling program by 100% to 40,000 meters (m) for completion by year-end, after raising C$25 million through a bought deal financing this week, it said in a statement on Thursday.

"As we move into the second half of the year with this expanded drill program, we will be balancing definition drilling initiatives at Berezski North, Central and East alongside continued exploration and new target testing throughout the trend," said Arras Minerals CEO Tim Barry. "Results from the 6,000m top of bedrock (KGK) program are expected in the next couple of weeks and these will inform on priority targets at Berezski East, Berezski Central and in the 5 km zone between Berezski North and Berezski Central."

The company also plans to evaluate targets at the Aimandai Trend located about 7 kilometers to the east. Arras Minerals plans to return to drill the Berezski North target next week to conduct a systematic drill program to determine the scale of the porphyry and breccia zones, it said.

Shares of the company closed unchanged at C$1.58 on Wednesday on the TSX Venture Exchange.

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