Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAmur Minerals Regulatory News (AMC)

  • This share is currently suspended. It was suspended at a price of 0.09

Share Price Information for Amur Minerals (AMC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.09
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.09
AMC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Kubuk Confirms Substantial Mineralisation

6 Aug 2012 07:00

RNS Number : 2623J
Amur Minerals Corporation
06 August 2012
 



 

 

06 August 2012

 

AMUR MINERALS CORPORATION

(AIM: AMC)

 

Kubuk Trenching Confirms Substantial Mineralisation

 

Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announces additional trench results from within the Kubuk nickel-copper target located at Kun-Manie. Historical and on-going trenching and final verification analytical results confirm the presence of a significant drill target at Kubuk. Substantial thicknesses of mineralised rock, larger than previously exposed at Kubuk have been discovered by mapping and trenching. Further trenching is being undertaken in the target area. Based on historical exploration work conducted in the area, drill roads and drill platforms have now been completed to allow for diamond core drilling during the 2012 exploration drill programme.

 

·; Soil and rock chip sampling in previous exploration seasons identified a substantial anomaly containing nickel and copper.

 

·; Historical and on-going trenching activities have exposed pyroxenite rock which hosts the nickel and copper mineralisation for a length of more than 1,000m.

 

·; Channel sampling of the trenches focused on the eastern 500m of the target area has confirmed the presence of disseminated nickel and copper mineralisation.

 

·; Three of the trenches have exposed an average mineralised true thickness of 48.3m with an average nickel grade of 0.63% and an average copper grade of 0.16%.

 

·; Diamond core drilling is planned for September and October 2012.

 

·; Geological reconnaissance indicates the zone may continue in both the east and west directions resulting in an even larger target than currently defined at Kubuk.

 

Historical surface sampling, geophysics and recently completed trenching confirmed the presence of a 1,000m long near continuous nickel-copper anomaly in the Kubuk area. Newly acquired trench results confirm the zone is substantially thicker than previously defined. Located in the eastern area along the Kurumkon Trend, Kubuk's nickel and copper mineralisation occurs as a disseminated sulphide comprising pyrrhotite, pyrite, chalcopyrite and pentlandite. The host zone is a pyroxenite dyke projected to dip to the north at 50 to 60 degrees. The average grade of nickel and copper derived from all completed trenches and sampled to date is 0.57% Ni and 0.15% Cu, respectively. Anomalous values of cobalt, platinum, palladium and gold have also been detected.

 

Detailed assessment of the global exploration results indicates that the best exposed mineralisation is contained within the eastern half of the 1,000m long target. Within this higher grade area, diamond core drilling is planned in September and October of the 2012 season. Roads and drill sites are completed, allowing for drill access to the primary portion of the anomaly which is confirmed by three trenches. Results within the three trenches indicate grades of 0.63% nickel and 0.16% copper. The exposed mineralised width within the trenches averages 48.3min true thickness. The planned depth of drilling will range up to 250m and will cover a strike length of 600m. A location map of the planned drill hole locations and trench results is included as a part of this announcement and can be viewed on the Company's website www.amurminerals.com.

 

http://www.rns-pdf.londonstockexchange.com/rns/2623J_-2012-8-3.pdf
 

 

In addition, although exploration continues to both the east and west of the 1,000m long Kubuk drill target where limited exploration has been carried out and results being obtained during this field season are not yet fully available, indications are that the Kubuk structure could be substantially longer than presently defined.

 

Robin Young, CEO of Amur Minerals, commented:

 

"The additional trenching at the Kubuk nickel-copper prospect has defined a substantially larger drill target than previously thought to be present. Previous results had not exposed the entire mineralised width. These new results have now defined the largest true thickness ever exposed at the surface within the Kun-Manie project area. This could well result in the identification of a fourth reserve area to be added to our JORC defined reserves at Maly Kurumkon, Ikenskoe and Vodorazdelny."

 

Enquiries:

 

Company

Amur Minerals Corp.

Nomad and Joint Broker

RBC Capital Markets

Joint Broker

Merchant Securities

Public Relations

Tavistock

Robin Young CEO

Martin Eales

Lindsay Mair

Jos Simson / Ed Portman

+44 (0) 7981 126 818

+44 (0) 20 7653 4000

+44 (0) 20 7628 2200

+44 (0) 20 7920 3150

 

Notes to Editor

 

Attached and available for view on www.amurminerals.com, is a plan map of the Kubuk area depicting the geological host zone, excavated trenches and planned trenches and drill hole locations.

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEANPDEFAAEEF
Date   Source Headline
30th Apr 20241:34 pmRNSAIM Rule 17 Schedule Two (g) update
4th Mar 20247:00 amRNSCompany Update
30th Nov 202311:41 amRNSAnnual General Meeting Results
13th Nov 20237:00 amRNSNotice of Annual General Meeting
25th Sep 20237:00 amRNSInterim Results 2023
7th Sep 20237:30 amRNSSuspension - Amur Minerals Corporation
7th Sep 20237:00 amRNSSuspension of trading on AIM
15th Aug 20239:30 amRNSCash shell update
8th Aug 20237:48 amRNSDiscussions with Amur Minerals Corporation
8th Aug 20237:00 amRNSCessation of discussions with Ascent Resources plc
30th Jun 20233:05 pmRNSAUDITED FINAL RESULTS
2nd Jun 20237:00 amRNSStatement regarding possible offer
1st Jun 20231:05 pmRNSIntention to bid for Amur Minerals Corporation
25th May 20236:00 pmRNSAmur Minerals
24th May 20234:28 pmRNSDividend Declaration
14th Mar 20231:00 pmRNSReceipt of Funds
6th Mar 20239:34 amRNSCompletion of disposal of Kun-Manie for US$35M
5th Dec 202210:43 amRNSAnnual General Meeting Results
2nd Dec 20224:41 pmRNSSecond Price Monitoring Extn
2nd Dec 20224:36 pmRNSPrice Monitoring Extension
1st Dec 20224:40 pmRNSSecond Price Monitoring Extn
1st Dec 20224:36 pmRNSPrice Monitoring Extension
10th Nov 20227:00 amRNSNotice of Annual General Meeting
7th Nov 20221:37 pmRNSTransaction Update
3rd Oct 202212:35 pmRNSTransaction Approvals Update
9th Sep 20227:00 amRNSInterim Results 2022
24th Aug 202210:26 amRNSResult of General Meeting
8th Aug 20227:00 amRNSPosting of Circular and Notice of General Meeting
5th Aug 202211:17 amRNSProposed disposal of the Kun-Manie Project
30th Jun 20227:00 amRNSAUDITED FINAL RESULTS YEAR ENDED 31 DECEMBER 2021
9th Jun 20224:40 pmRNSSecond Price Monitoring Extn
9th Jun 20224:35 pmRNSPrice Monitoring Extension
7th Jun 20227:00 amRNSKun-Manie Nickel – Copper Sulphide TEO Results
25th May 202212:03 pmRNSResult of General Meeting
10th May 20227:00 amRNSPosting of Circular and Notice of General Meeting
9th May 20227:00 amRNSProposed sale of the Kun-Manie Project
13th Apr 20227:00 amRNSRussian Sanctions Update
4th Mar 20224:41 pmRNSSecond Price Monitoring Extn
4th Mar 20224:37 pmRNSPrice Monitoring Extension
23rd Feb 202212:33 pmRNSRussian Sanctions – No Impact
16th Feb 20224:40 pmRNSSecond Price Monitoring Extn
16th Feb 20224:35 pmRNSPrice Monitoring Extension
11th Feb 20227:00 amRNSExercise of Warrants and Issue of Equity
3rd Feb 202212:20 pmRNSExercise of Warrants and Issue of Equity
28th Jan 202210:54 amRNSExercise of Warrants and Issue of Equity
25th Jan 202211:21 amRNSPress Speculation & Share Price Movement
29th Dec 20214:41 pmRNSSecond Price Monitoring Extn
29th Dec 20214:36 pmRNSPrice Monitoring Extension
6th Dec 20211:44 pmRNSAnnual General Meeting Results
24th Nov 20217:00 amRNSShareholder Q&A

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.