Last checked at 19 Apr 2013 07:00
19 April 2013
AMUR MINERALS CORPORATION
("Amur" or the "Company")
Kun-Manie Restocked for 6,000 Metre Drill Programme
Amur Minerals Corporation (AIM: AMC), the nickel-copper sulphide exploration and resource development company focused on the far east of Russia, is pleased to provide an update on the status of its Kun-Manie nickel-copper sulphide project.
The Company has now completed its restocking of the Kun-Manie exploration site. A total of more than 200 tonnes of fuel, supplies, spare parts and materials were delivered during a four week period. This restocking of the project site will allow the Company to undertake up to 6,000 metres of drilling.
Drilling is anticipated to begin in early June of this year. The primary and initial target to be drilled is the Kubuk area where a three kilometre long coincident geochemical and geophysical anomaly is present. The anomaly is located within the Kurumkon Trend which is the prime host zone where resources and reserves have been drill identified.
Previously reported trench results along the western half of the target area have exposed substantial thicknesses of nickel and copper mineralisation. The average exposures within the trenches are nearly 50 metres in thickness and have average grades of 0.63% nickel and 0.16% copper. A total of 2,500 metres is planned for the initial stage of drilling near the trenches where the mineralisation has been exposed. The remaining metres will be based on the results from the initial stage of drilling. This will be the first drilling conducted within the area and therefore there are no resources or reserves identified to date.
Robin Young, CEO of Amur Minerals, commented:
"The culmination of our restocking efforts is a very satisfying accomplishment. This is a direct result of a well co-ordinated operation which begins in November of each year with the purchase of long lead time items, delivery to our base camp on the Baikal Amur railroad from numerous locations and sources, preparation of the ice road and the final delivery of the materials to the project site. This is no small feat. Now we await the final thaw after which we can begin drilling Kubuk, which is an exciting target."
Enquiries:
Company Amur Minerals Corp. | Nomad and Joint Broker RBC Capital Markets
| Joint Broker Sanlam Securities UK Limited | Public Relations Tavistock
|
Robin Young CEO | Martin Eales | Lindsay Mair Max Bascombe | Jos Simson Jessica Fontaine |
+44 (0) 7981 126 818 | +44 (0) 20 7653 4000 | +44 (0) 20 7628 2200 | +44 (0) 20 7920 3150 |
Note From Editor
The Kubuk nickel copper sulphide target is located along the Kurumkon Trend which hosts all drilled resources and reserves. The target lies four kilometres to the east of Ikenskoe and has been defined by soil geochemical sampling, rock chip sampling and geophysical surveys. The coincidental anomalies indicate the presence of mineralisation within the soil, covering a distance approaching three kilometres in length. Trenches have been excavated along the western half of the geochemical anomalies and mineralisation has been exposed at the surface over a length of nearly 750 metres. The trenches have been channel sampled and indicate the zone could average up to 50 metres in thickness containing an average nickel grade of 0.63% and a copper grade of 0.16%. One trench encountered nearly 100 metres of mineralisation. By grade and mineralised length, these trenches have defined the largest continuous target identified to date within the Kurumkon Trend.
It had been planned to drill this target during last field season. Unseasonably high rainfall precluded the Company from accessing the drill sites and completing a planned 2,500 metres of drilling within one of the best exploration targets. The drill rig is already on site at Kubuk, where drilling is anticipated to begin in early June of this year.
The drill programme will be phased. The first phase will consist of drilling eight holes adjacent to the mineralised trenches to determine the orientation and structure of the exposed mineralisation. Results will be utilised to determine the locations for additional drilling during a second phase which will begin immediately after completion of the first phase. Additional areas may be drilled later in the season.
Maps of the geochemical results, trench locations and planned drill hole sites can be examined in previous RNS announcements dated 6 August 2012 and 4 February 2013.
Qualifications
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.