Aras Metals Company (coffin(TSXV) Shares rose strongly on Tuesday after the company reported impressive drilling results from the Berezski North Target at the Elemes project in northeastern Kazakhstan.
The latest results include 935.9 meters of 0.71% copper equivalent (CuEq) (0.51 g/t gold, 19% copper) from surface, including 214.9 meters of 1.42% CuEq grade (1.01 g/t gold, 0.41% copper) starting at a depth of 162.1 meters in hole EL26032.
The second drill hole (EL26033) returned 52 meters of 1.75% copper equivalent grade (1.14 g/t gold and 0.64% copper) from 259.0 metres, within a 181.0 meter zone grading 0.66% copper equivalent (0.43 g/t gold and 0.24% copper from a depth of 170 metres).
Arras shares advanced on the news, rising 38%, or 32 cents, to $1.16 after trading in a 52-week range of $1.07 and 53 cents.
The Elemis project consists of two exploration licenses covering an area of 531 square kilometers in northeastern Kazakhstan, located approximately 13 kilometers south of Ekibastuz and just 20 kilometers from the Aras operating base. The company said the project benefits from exceptional infrastructure, with a paved highway crossing the license, and access to 1,100 kVA power lines, heavy rail, and other facilities within a 15-kilometre radius.
Property-wide soil sampling programs have identified two large-scale copper-molybdenum geochemical anomalies: the Berezski and Aimandai trends, both of which are considered priority targets for follow-on exploratory drilling. A Phase 1.0 drilling program at the Berezski Trend in late 2024 remined high-grade porphyry and refractory copper and gold in results reported in the first quarter of 2025. The 20,000-meter Phase 2.0 program began in May 2025 and was expanded to 30,000 meters in January 2026. Phase 2.0 is expected to be completed by the end of this year.
North Berezsky consists of two interconnected mineralized zones, a high-grade near-surface breccia zone, underlain by a large porphyry system. The drill holes reported Tuesday are designed to explore shallow breccia and determine the extent of underlying porphyry mineralization that was discovered in drill hole EL24005 and expanded by hole EL25027. To date, eight holes have been completed at the Berezsky North target since drilling resumed in the first quarter of 2026, and the EL26032 and EL26033 results confirm the presence of a large, well-developed preserved porphyry system open in multiple directions and at depths exceeding 900 metres. In addition, these holes increased the strike length of the high-grade breccia to more than 600 metres.
Tim Barry, CEO of Arras Minerals, said: “These latest results from Berezski North represent a step change for the company. The intersection of over 900 meters of porphyry-style mineralization from surface is a very significant result that has materially advanced our understanding of the size and potential of this target.” “More importantly, the system remains open in multiple directions and at depth.” Six additional holes have been drilled and tests are still pending.
