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Arras Minerals Acquires Five New Mineral Exploration Licences in Kazakhstan.

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MANews-(C)2009-2022

Canadian miner Arras Minerals Corp. (TSX Venture: ARK) has acquqired five mineral exploration licences in northeastern Kazakhstan, the company said.

The new licences held by the company's 100 % owned Kazakh Subsidiary, Ekidos Minerals LLP, cover a total of 2,122 square kilometers in northeastern Kazakhstan focussed on the Bozshakol-Chingiz and Baidaulet-Akbastau metallogenic belts.

A total of five new mineral exploration licenses totaling 2,122 sq km have been granted by the Ministry of Industry and Innovational Development, government of Kazakhstan, increasing the company's total land package in northeastern Kazakhstan by 70% to 3,028 sq km.

All licenses are located within a 120 km radius of Arras' operational base in the city of Ekibastuz, Pavlodar facilitating cost-effective exploration.

Arras is now the largest license holder in the highly prospective Bozshakol-Chingiz metallogenic belt, and the third largest in the Republic of Kazakhstan, after Fortescue Metals Group and Rio Tinto.

The Bozshakol-Chingiz and Baidaulet-Akbastau metallogenic belts host the producing Bozshakol porphyry copper-gold mine and Maikain volcanic-hosted massive sulfide mine, respectively, as well as Arras' Beskauga porphyry-epithermal copper-gold project where an initial 10,000-meter drill program (permitted for 30,000m) is currently underway.

Compilation, digitization, and interpretation of Soviet-era geological and geophysical datasets for the new...

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