09:40 AM EDT, 04/23/2026 (MT Newswires) -- Arras Minerals (ARK.V) confirms a third porphyry center based on first results from the 2026 drill program at the Elemes project in Kazakhstan, the company said Thursday.

Drilling highlights include 115.7 meters grading 1.44 grams per tonne (g/t) gold and 0.24% copper, within a broader zone of 424.0 m grading 0.50 g/t gold and 0.12% copper, it added.

Hole EL26031 has confirmed and extended gold mineralization intersected by earlier drilling, "but importantly also intersected a major fault zone that appears to act as a key structural control on mineralization, said CEO Tim Barry.

"Below this structure, there was a significant increase in the intensity of alteration, veining and mineralization indicative of a robust mineralized system. The five holes that we have drilled to-date cover 400 metres of strike and the target, we believe, stretches at least a further 400 meters to the Northeast,"Barry added.

The company plans to launch a top-of-bedrock drill program over the Berezski East target to help define the footprint of the gold-copper mineralization under the cover at this target that it will then follow-up with diamond drilling on priority targets.

Shares in Arras were up another 2.4 early Thursday.