PRECIOUS METALS

Arras pleased by first results from Beskauga deposit

Arras Minerals announced the assay results from its first drill hole in a planned 30,000m drill programme at its Beskauga copper-gold project in northeastern Kazakhstan.

Petra Witowski
Arras pleased by first results from Beskauga deposit

The company said it has intercepted 973.2m of mineralisation at 0.82% copper-equivalent grade starting from 44 metres from the surface to the end of the hole. This included 0.56g/t gold, 0.33% copper and 1.89g/t silver.

Arras also intercepted 531m at 1.14% CuEq, also 44m from the surface, with 0.78g/t gold, 0.47% copper and 2.59g/t silver.

Arras CEO Tim Barry said the results showed the considerable potential of the Beskauga project.

"The first holes of our planned programme are designed to test previously indicated mineralisation on the deposits, to further confirm the results of historical drilling, and to better understand the geology and controls on the mineralisation," he said. "We are looking forward to an exciting 2022."

Arras began its drilling programme in October 2021. The company targeted the extensions of the Beskauga deposit, as well as a series of previously undrilled targets in the wider area.

Drilling, by local company Tsentrgeolsemka LLP, was set to restart in early February, after the holiday break. The start of operations had already been delayed this year following unrest in some areas of Kazakhstan in the first week of July. Arras said there was no damage to company assets or infrastructure.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.