Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,035.10 −1.9% Silver 51.35 −2.5% Copper 6.27 −1.2% Oil 86.34 −0.6% Palladium 1,024.75 +0.3% SLG 6.10 −3.2% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.370 −2.6% VCG 1.07 +4.9% LVX 0.245 −27.9% RAMP 0.250 −7.4% QTWO 1.72 +6.8% SUM 1.28 −2.6% SGML 7.50 −10.2% BOGO 0.730 −7.6% Gold 4,035.10 −1.9% Silver 51.35 −2.5% Copper 6.27 −1.2% Oil 86.34 −0.6% Palladium 1,024.75 +0.3% SLG 6.10 −3.2% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.370 −2.6% VCG 1.07 +4.9% LVX 0.245 −27.9% RAMP 0.250 −7.4% QTWO 1.72 +6.8% SUM 1.28 −2.6% SGML 7.50 −10.2% BOGO 0.730 −7.6%
Drill Results

ARRAS MINERALS ANNOUNCES MOBILIZATION OF 3rd and 4th DIAMOND DRILL RIGS TO ELEMES PROJECT IN KAZAKHSTAN

Exploring Kazakhstan copper‑gold potential

By The Northwire Desk — AI Analysis Apr 07, 2026 · 06:00 ARK · 0.54 Arras Minerals Corp.
Executive Summary
  • On 2026‑04‑07 Arras Minerals announced mobilization of a third and fourth diamond drill rig to the Elemes Project in Kazakhstan, doubling current drilling capacity.
  • The company plans ≥20,000 m of focused drilling on the Berezski Trend in 2026, with an eventual expansion to a 30,000 m Phase‑II program targeted for completion by year‑end.
  • Five holes have already been completed since February; assays are pending. Early results include notable copper‑gold intercepts such as EL24004 – 138.8 m @ 0.77 g/t Au & 0.09% Cu and EL25019 – 457.5 m @ 0.61 g/t Au, 0.10% Cu.
  • The release also notes a restricted share unit (RSU) grant of 349,617 units to senior officers/employees with vesting in 2027.
Material Impact

The news represents an incremental expansion of an already announced drilling program: - Prior releases (e.g., March 2 2026 high‑grade hole EL25027 at Berezski North, February 20 2026 recommencement of drilling) outlined plans to increase rig count and expand the Phase‑II program from ~20,000 m to up to 30,000 m. - The financing completed in April 2025 (C$16.1 M private placement) was explicitly earmarked to fund the Phase‑II exploration program at Elemes, providing the cash needed for the additional rigs and metres disclosed today. - No surprise financing, joint‑venture partner change, or resource estimate update accompanies the announcement; it is essentially a follow‑up execution of previously communicated plans. Therefore, while the development is positive (more rigs → faster data generation), it is routine‑positive rather than material or game‑changing.

ARK · Price
Company Overview

Arras Minerals Corp is a TSX‑V listed exploration company focused on copper‑gold projects in Kazakhstan. Its flagship asset is the Elemes Project, covering 531 km² in northeastern Kazakhstan, approximately 13 km southwest of Ekibastuz. The project lies within the Bozshakol‑Chingiz metallogenic belt, host to major operating copper‑gold mines (e.g., Bozshakol). Elemes benefits from excellent infrastructure: a paved highway, a 1,100 kVA power line, and heavy rail within 15 km. Exploration to date has identified the Berezski Trend, a >10 km‑long corridor hosting multiple porphyry centres (Berezski North, Central, East) and a prospective new centre at Novii, with mineralization open along strike and at depth.

Read the original news release →

More from Arras Minerals Corp.

Nov 10, 2026 · 06:00

Arras expands the Berezski Central deposit, reporting wider mineralised zones that exhibit lower gold grades compared to the initial June anchor hole results.

Drill Results Oct 08, 2026 · 06:00

Arras reports high-grade epithermal intercepts at K-Ozek while central porphyry grades lag the anchor deposit.

Drill Results Aug 18, 2026 · 08:45

Arras reports Berezski North step-outs halving the June anchor grade with an unproven core vector.

Drill Results Jul 09, 2026 · 06:10

Arras doubles its drill program to 40,000 metres following a $25 million equity raise to advance its projects.

Drill Results Jul 07, 2026 · 09:01

Arras secured a $25 million bought deal to fund drilling at its Kazakhstan copper-gold project.

Financings Jun 16, 2026 · 19:43

Arras upsizes its bought deal to $21.7m to fund a 30,000m drill program at its Kazakhstan projects.

Financings