Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMC.L Regulatory News (AMC)

  • There is currently no data for AMC

Operational Update - Kun-Manie Drill Programme

19 Apr 2013 07:00

RNS Number : 6617C
Amur Minerals Corporation
19 April 2013
 



 

 

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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDVLBFXZFXBBX
Date   Source Headline
19th Nov 20077:00 amRNSResource Increase 140%
12th Nov 20077:00 amRNSKun-Manie Resource Expansion
3rd Sep 20077:01 amRNSInterim Results
16th Aug 200710:34 amRNSDrill data published& Rule 26
18th Jul 20077:00 amRNSKubuk Trench Results
13th Jul 20074:17 pmRNSHolding(s) in Company
6th Jun 200710:55 amRNSField Season begins
11th May 200712:22 pmRNSAward of Options
10th May 200712:00 pmRNSAnnual Report and Accounts
23rd Apr 20077:01 amRNSShare Placement
26th Mar 20077:03 amRNSPreliminary Results
19th Mar 20077:01 amRNSField Season Contract
12th Mar 20075:16 pmRNSPrivate Placement
2nd Mar 200711:05 amRNSStmnt re Share Price Movement
14th Feb 20078:44 amRNSLand Position Doubled
1st Feb 20079:05 amRNSNew Drill Target Identified
15th Jan 20077:00 amRNSKun-Manie Valuation Increase
4th Dec 20067:01 amRNSChange of Adviser
30th Oct 20067:01 amRNSOpen Pit Potential Confirmed
11th Oct 20067:00 amRNSResource Estimate
26th Sep 20067:02 amRNSInterim Results
11th Sep 20067:01 amRNSExpansion at Maly Krumkon
8th Aug 20067:01 amRNSGold- Copper Licence Awarded
17th Jul 20067:00 amRNSNew Zone Discovered
6th Jul 20067:00 amRNSOpen Pit Potential
23rd Jun 20067:00 amRNSFinal Results
4th May 200610:25 amRNSExploration Season Commences
2nd May 20069:13 amRNSAppt of Financial Controller
15th Mar 20064:53 pmRNSHolding(s) in Company
15th Mar 20068:01 amRNSAIM Admission

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.