LONDON (Alliance News) - Amur Minerals Corp Monday said it has completed construction of its 2014 winter ice road from the Baikal-Amur rail siding to its Kun-Manie project.
The Russia-focused nickel-copper sulphide mineral exploration-and-development company said a total of five convoys will deliver 120 tonnes of winter and summer fuel, and over 35 tonnes of supplies and spare parts to the site to support future field work programmes and activities.
The company said that once this year's ice road restock is complete, all mobile equipment at the site will undergo its annual comprehensive maintenance programme bringing the fleet to a fully operational status.
Amur said that during the return trip the convoy will also transport six tonnes of core and samples accumulated during the 2013 field season to the company's Verkhnezeisk base camp rail station, a process which Amur argues is cheaper than helicopter transport which is limited to a maximum of two and a half tonnes per trip.
The company said that once all the 2013 core and samples are marshalled at Verkhnezeisk along with 12.5 tonnes of core and samples from 2012 already inventoried at the base camp, the total of 18.5 tonnes of core and sample material will be transported by truck to Khabarovsk for storage in the company's secured facilities.
Amur added that it is presently evaluating the mineability of the drilled defined mineralisation on site, allowing the company to determine specific in-fill drill requirements on the five drill-defined mineral deposits.
The company said that results of the study will assist in defining specific drill site locations, and the drill pad construction requirements necessary to convert resources into reserves.
Amur Minerals shares were down 14% to 3.90 pence, putting it in the top five AIM fallers Monday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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Amur Minerals (AMC)