08:17 AM EDT, 09/08/2025 (MT Newswires) -- Arras Minerals Corp. ( ARRKF ) , which rose near 4% last Friday, announced Monday the assay results from drillhole EL25016, from the ongoing drilling on the Elemes Project in Northeast Kazakhstan. In a statement it noted the program is designed to systematically test multiple high-priority targets along the 8.8-kilometre Berezski and the 14-kilometre Aimandai Trends.

The company said highlights include, at EL25016, 276m of mineralization grading 0.58 % copper-equivalent (0.21% Cu and 0.32 g/t Au), starting at surface.

Tim Barry, CEO of Arras Minerals ( ARRKF ), said: "The results from Hole EL25016 located approximately 300 metres southeast of Hole EL24005 intersected thick zones of high-grade copper-gold mineralization from surface. Interestingly, this hole shows very good grades and widths right from surface outside of the breccia zone that carried much of the higher-grade intercepts in the earlier two holes, EL 24005 and EL25014A. This is a positive outcome for this most recent drill hole and for future follow-up targeting."

He added, "While we still need to further trace the origin of the high-grade breccia zone at Berezski North, we have now defined a 600 metre NW-SE trending zone at Berezski North that remains open in the northwest and southeast directions and at depth."

Also, the company said Christian Milau has stepped down from the Board of Directors in order to meet new commitments he has taken on in his new role as President of Eldorado Gold Corporation ( EGO ) commencing later this month. Replacing Milau, the company announced the appointment of Scott Heffernan to the Board. He was a founder and EVP Exploration of Equinox Gold Corp. ( EQX ) .