Northwire Canada EditionWednesday, July 15, 2026
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EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0% EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0%
Drill Results Routine +

ARRAS MINERALS CONFIRMS THIRD PORPHYRY CENTER - DRILLS 115.7 METERS GRADING 1.44 G/T AU & 0.24% CU AT THE BEREZSKI EAST TARGET (ELEMES PROJECT) IN KAZAKHSTAN

Arras Minerals Confirms Third Porphyry Center Amidst Capital Burn Concerns

By The Northwire Desk — AI Analysis Apr 23, 2026 · 06:00 ARK · 0.83 Arras Minerals Corp.
Executive Summary
  • Date: 2026-04-23
  • Headline: ARRAS MINERALS CONFIRMS THIRD PORPHYRY CENTER - DRILLS 115.7 METERS GRADING 1.44 G/T AU & 0.24% CU AT THE BEREZSKI EAST TARGET (ELEMES PROJECT) IN KAZAKHSTAN
  • Key Intercepts: Hole EL26031 intersected 115.7m @ 1.44 g/t Au and 0.24% Cu starting at 317.3m depth; broader zone of 424.0m @ 0.50 g/t Au and 0.12% Cu from surface (9.0m).
  • Program Update: Phase II diamond drill program expanded to 30,000 meters total (from previous 20,000m target), with completion targeted for end of 2026.
  • Operations: Four diamond drill rigs currently operating at the Elemes Project (three at Berezski North, one at Novii).
  • Geology: Confirms Berezski East as a third porphyry center on the Berezski Trend; mineralization traceable for 800m strike length and from surface to depths exceeding 400m.
Material Impact
  • Exploration Quality: The intercept of 115.7m @ 1.44 g/t Au is high-grade for a porphyry system, reinforcing the quality of the Berezski Trend. This aligns with previous high-grade hits (e.g., March 2026: 52.4m @ 2.11% CuEq).
  • Consistency: This news follows a consistent stream of positive drill results since mid-2025 (June, August, October, November, December, January, February, March). It confirms the "multi-center" thesis previously hinted at in April 2026 updates.
  • Market Expectation: Given the stock price recovery from $0.54 lows in March/April to $0.83 prior to this release, the market had likely priced in continued drilling success. The news validates the spend but does not fundamentally alter the investment thesis established over the last 12 months.
  • Capital Context: While exploration is successful, the termination of the Teck Resources option (Feb 2026) means Arras must self-fund this expanded 30,000m program. With C$16M raised in April 2025 and four rigs running since Feb 2026, cash burn is a critical concern not addressed by this news release.
  • Verdict: The news is positive technically but routine in the context of an ongoing successful campaign. It does not surprise the market given recent price action and previous updates.
ARK · Price
Company Overview
  • Company: Arras Minerals Corp. is an exploration-stage mining company focused on copper-gold assets in Kazakhstan.
  • Flagship Project: Elemes Project (531 km²) located ~13 km SW of Ekibastuz, NE Kazakhstan.
  • Geology: Located within the Bozshakol-Chingiz metallogenic belt, near major deposits like Bozshakol mine.
  • Status: Exploration stage; advancing multiple porphyry targets (Berezski North, Central, East, Novii).
  • Infrastructure: Excellent infrastructure including paved highway, 1,100 kVA power line, and heavy rail within 15 km.
Read the original news release →

More from Arras Minerals Corp.

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 Jun 15, 2026 · 16:16

Arras secured $15m at a 50% premium to fund a 30,000m expansion confirming the porphyry scale in Kazakhstan.

Financings Jun 09, 2026 · 06:00

Arras confirms 935m of near-surface CuEq at Berezski North, scaling up its 30km drill program on the 8.8km trend.

Drill Results Jun 09, 2026 · 06:00

ARRAS MINERALS DRILLS 935.9M GRADING 0.71% CUEQ FROM SURFACE INCLUDING 214.9M GRADING 1.42% CUEQ STARTING AT 162.1M DEPTH FROM THE BEREZSKI NORTH PORPHYRY TARGET, ELEMES PROJECT IN KAZAKHSTAN

Drill Results