AMC.L Regulatory News (AMC)

16 Aug 2007 10:34

Amur Minerals Corporation16 August 2007 16 August 2007 Amur Minerals Corporation ("Amur" or "the Company") Amur Publishes Historical Drill Hole Data Set Web Site Updated to Rule 26 Compliance Amur Minerals Corporation ("Amur" or the "Company") announced today that it haspublished its complete historical drill hole data set to December 2006. Theinformation is structured in accordance with NI 43-101 Canadian reportingstandards. The drill data is available via the following link: http://www.amurminerals.com/downloads/drill_data.pdf Also, the web site has beenupdated with the information required by AIM Rule 26, which can be found athttp://www.amurminerals.com/aimrule26.html The drill data set includes all historical drill holes and includes details ofeach mineralised intercept for nickel and copper wherein the nickel grade is inexcess of 0.10%. Also provided is a summary of the contained intervals thatexceed 0.75% nickel. Results indicate 47% of the total nickel is included in 27%of the mineralised intercepts. The average true thickness of the plus 0.75%nickel intercepts is 3.0 metres and the average nickel and copper grades are1.14% and 0.27%, respectively. Robin Young, CEO of Amur, stated: "We are publishing this data as part of anoverall upgrade of our website. It provides valuable information indicating thata substantial portion of our drilled intercepts are much higher in grade thansuggested by the preliminary open pit studies completed by SRK Consulting in2006. These higher grades are typical of underground operations and couldultimately lead to additional exploration of deeper underground mining targetslocated in the immediate vicinity of any open pits we may mine in the future." Enquiries: Amur Minerals Co-Broker Nomad and Public RelationsCorp. Co-Broker Fox-Davies Capital RBC Capital Parkgreen Limited Markets CommunicationsRobin Young Daniel Fox-Davies Andrew Smith Justine HowarthCEO Martin Eales +44 (0) 7981 126 818 +44 (0) 20 7936 5200 +44 (0) 20 7029 7881 +44 (0) 20 7851 7480 Notes to Editors About Amur Minerals Amur's principal asset is the 100% owned Kun-Manie exploration licence, anickel-copper deposit located in the Amur Province in the far east of theRussian Federation. The Kun-Manie licence area is approximately 950 km(2) and islocated 700 km northeast of the capital city of Blagoveshchensk and is 750kmnorth of the Chinese border. In April 2004 ZAO Kun-Manie, a wholly ownedsubsidiary of Amur, was granted a licence to explore for nickel and relatedmetals, including copper and platinum, in respect of the Kun-Manie licence. Work carried out to date on the Kun-Manie licence including diamond coredrilling, trenching and geological mapping has identified four mineralisedtargets; the Vodorazdelny, Ikenskoe, Maly Krumkon and Falcon zones, three ofwhich warrant further exploration as the limits of the mineralisation have notbeen identified. The four zones are located within a 15 kilometre long segmentof the 40 kilometre long Krumkon Trend. This trend is the primary explorationtarget within the licence area. An additional three targets identified asChornie Ispelene, Yan Hegd and Kubuk (also referred to as Ata) have beenidentified as additional drill targets. Chornie Ispelene and Kubuk lie withinthe trend whilst Yan Hegd is located approximately 8 kilometres to its north.Approximately 50% of the Krumkon Trend remains to be examined by reconnaissancework where existing Soviet data indicates potential exists to identifyadditional drill targets. Exploration drill results have been utilised by SRK Consulting to calculateresources. These include resources of the Measured, Indicated and Inferredcategories which have been estimated for the deposits of Vodorazdelny, Ikenskoeand Maly Krumkon. Effective January, 2007, the independently compiled ResourceEstimate consists of a total of 53.3 Mt at a mean grade of 0.48% nickel and0.14% copper containing 254,500 tonnes of nickel; and 73,000 tonnes of copper.This is summarised in the following table. SRK Consulting's 2006 Year End Resource Report =========== ======== ====== ====== ===== ======Orebody Tonnage Ni Ni Cu Cu (Mt) (%) (t) (%) (t)=========== ======== ====== ====== ===== ======VodorazdelnyIndicated 5.9 0.71 41,800 0.20 11,800 IkenskoeMeasured 3.7 0.61 22,700 0.16 5,800Indicated 26.8 0.42 111,300 0.12 32,700Sub-total 30.5 0.44 134,000 0.13 38,500Inferred 5.9 0.49 28,700 0.13 7,500Total Ikenskoe 36.4 0.45 162,700 0.13 46,000 Maly KrumkonInferred 11.0 0.45 50,000 0.14 15,200 Total Measured 3.7 0.61 22,700 0.16 5,800Total Indicated 32.7 0.47 153,100 0.14 44,500Total Inferred 16.9 0.47 78,700 0.13 22,700Grand Total 53.3 0.48 254,500 0.14 73,000----------- -------- ------ ------ ----- ------ Presently, Amur is compiling a prefeasibility study on the Kun-Manie Project.Concurrently, work is also being conducted on the assembly of a report to besubmitted to the State Committee on Reserves (GKZ). Upon approval, the GKZ shallissue a certificate of "Discovery". This certification allows the Company tocontinue along the process of converting portions of the exploration licenceinto a mining licence. Immediately to the east of the Kun-Manie licence and across the Amur Oblast andKhabarovsk Krai border, Amur has acquired the Kustakskaya Project. This 1,034square kilometre, 25 year exploration and production licence contains twogeological terrains. Each terrain contains a different mineralisation typetarget. The southern half of the licence is interpreted to be a continuation ofthe Krumkon Trend identified within the Kun-Manie exploration licence. Thenorthern half of the licence area contains Mesozoic granitic intrusives whereinhistorical Russian results indicate the potential for copper, cobalt and minornickel to be present. The Company will undertake field exploration of thislicence area in 2008 in accordance with the terms of the licence. Havingrecently acquired this licence, the Company places no value on this property. Amur also controls the Anadjakan gold-copper exploration licence in KharaborvskKrai near the well-infrastructured city of Elban. The Company chooses not toreport any value on this asset until it concludes its comprehensive review ofall information and verifies existing Russian results. The 2007 explorationprogramme for this area is designed to check the historical results and definefuture drill targets and is currently underway. This information is provided by RNS The company news service from the London Stock Exchange