FINWIRES · TerminalLIVE
FINWIRES

Arras Minerals Up 2.4% As Confirms Third Porphyry Center at Berezski East Trend in Kazakhstan

By

Arras Minerals (ARK.V) confirms a third porphyry center based on first results from the 2026 drill program at the Elemes project in Kazakhstan, the company said Thursday.

Drilling highlights include 115.7 meters grading 1.44 grams per tonne (g/t) gold and 0.24% copper, within a broader zone of 424.0 m grading 0.50 g/t gold and 0.12% copper, it added.

Hole EL26031 has confirmed and extended gold mineralization intersected by earlier drilling, "but importantly also intersected a major fault zone that appears to act as a key structural control on mineralization, said CEO Tim Barry.

"Below this structure, there was a significant increase in the intensity of alteration, veining and mineralization indicative of a robust mineralized system. The five holes that we have drilled to-date cover 400 metres of strike and the target, we believe, stretches at least a further 400 meters to the Northeast," Barry added.

The company plans to launch a top-of-bedrock drill program over the Berezski East target to help define the footprint of the gold-copper mineralization under the cover at this target that it will then follow-up with diamond drilling on priority targets.

Shares in Arras were up another 2.4 early Thursday.

Related Articles

Mining & Metals

Update: Astra Exploration Upsizes Bought-Deal Private Placement to C$13 Million

(Updates with details on the upsized private placement in the first and second paragraphs.)Astra Exploration (ASTR.V) upsized its bought-deal private placement announced earlier on Wednesday to $13 million from C$10 million.The company will now sell underwriters 16.9 million shares priced at $0.77 each instead of the original 13-million . Astra also increased the underwriters' over-allotment option. They can now buy up to an additional 2.6-million shares instead of 1.9 million shares, which could bring in up to C$2 million in additional proceeds.The company intends to use net proceeds from the offering for exploration and development of the La Manchuria project and for general corporate and working capital purposes, it said.

$ASTR.V
Mining & Metals

Royal Bank of Canada Offering $1.75B of Non-viability Contingent Capital Subordinated Debentures Through its Canadian Medium Term Note Program

$RY.TO
Mining & Metals

Trident Closes Option Agreement to Acquire Strategic Claims adjoining the Contact Lake Gold Project

Trident Resources (ROCK.V) on Wednesday said received TSX Venture Exchange approval and closed its property option agreement with North-Sask. Ventures to acquire up to a 100% stake 19 mineral claims totaling 3,586 hectares in Sasktchewan's La Ronge Gold Belt.The claims host numerous base and precious metal showings that have seen only limited exploration and are contiguous with Trident's current land holdings, the company said.Trident's shares closed up $0.18 at $2.70 on TSXV on Wednesday.

$ROCK.V