Last checked at 3 Feb 2011 07:00
3 February 2011
Amur Minerals Corporation
(AIM: AMC)
Final 2010 Exploration Results
Soil Sampling Indicates Maly Krumkon and Gorni May Link Up
Amur Minerals Corporation ("Amur" or the "Company"), an exploration and development company focused on Far East Russia, announces the Company has received the last of its 2010 exploration programme results. Work over the course of the season included geological mapping and reconnaissance, soil and rock chip sampling, trenching and Induced Polarisation (IP) surveys.
A gridded soil geochemical sampling programme was completed over a 5.5 kilometre long area between the Maly Krumkon and Ikenskoe deposits, which includes the Gorni target located approximately midway between the two deposits. A near continuous, 3 kilometre nickel anomaly has been defined and links the Gorni target with the Maly Krumkon deposit. Trenching results to the west of the Gorni target indicates the drill intercepts from the two completed holes continue to the west toward Maly Krumkon. Preliminary trenching to the east of the target toward Ikenskoe has not been completed.
The intervening area and the approximately 800 metre long drilled Maly Krumkon deposit represent a structure approaching 4 kilometres in length. This anomalously mineralised area has been upgraded to a drill target. The drill target defined by the trenches and soil anomaly is three times longer than the drilled portion of the Maly Krumkon deposit. The Maly Krumkon JORC compatible resource is presented in the following table. The resource has not been calculated at Gorni.
Maly Krumkon Resource | Tonnage (Mt) | Ni (%) | Ni (t) | Cu (%) | Cu (t) |
Indicated JORC Category | 15.0 | 0.49 | 73,700 | 0.13 | 19,900 |
Inferred JORC Category | 11.2 | 0.56 | 62,800 | 0.16 | 17,800 |
Total Maly Krumkon Resource | 26.2 | 0.52 | 136,500 | 0.14 | 37,700 |
CEO Robin Young stated:
"The Company has always believed that the Krumkon Trend would ultimately provide us with the potential discovery of additional deposits in adjacent areas as yet not drilled. These results are excellent. Whilst this preparatory work moves forward, we continue to lobby and work with the Russian governmental agencies towards the awarding of the mining licence and will update shareholders upon receipt of the news."
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Robin Young. Mr. Young is a Geological Engineer (cum laude) and is a Qualified Professional Geologist, as defined by the Toronto and Vancouver Stock Exchanges.
Please click on the link below to view the Exploration Results Accompanying Image:
http://www.rns-pdf.londonstockexchange.com/rns/5864A_-2011-2-2.pdf
Enquiries:
Company Amur Minerals Corp. | Nomad and Joint Broker RBC Capital Markets | Joint Broker Hybridan LLP | Public Relations Lothbury Financial Services |
Robin Young | Martin Eales | Claire Noyce | Michael Padley |
CEO | Libby Moss | ||
+44 (0) 7981 126 818 | +44 (0) 20 7029 7881 | +44 (0) 20 7947 4350 | +44 (0) 20 7868 2567 |
Notes to Editors
For further information about Amur, please visit the Company's website at www.amurminerals.com.