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
Β 

ο»Ώ

Β 

Β 

19 April 2013

Β 

AMUR MINERALS CORPORATION

("Amur" or the "Company")

Β 

Kun-Manie Restocked for 6,000 Metre Drill Programme

Β 

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.

Β 

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.

Β 

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.

Β 

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.

Β 

Robin Young, CEO of Amur Minerals, commented:

Β 

"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."

Β 

Enquiries:

Β 

Company

Amur Minerals Corp.

Nomad and Joint Broker

RBC Capital Markets

Β 

Joint Broker

Sanlam Securities

UK Limited

Public Relations

Tavistock

Β 

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

Β 

Note From Editor

Β 

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.

Β 

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.

Β 

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.

Β 

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.

Β 

Qualifications

Β 

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.

Β 

Β 

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
MSCDVLBFXZFXBBX
Date   Source Headline
16th Sep 20197:00 amRNSTEO Reserve Estimation Programme Initiated
2nd Sep 20199:16 amRNSConversion of Loan and Issue of Equity
27th Aug 20197:36 amRNSIssue of Equity
7th Aug 20197:00 amRNSBoard Appointment
1st Aug 20198:57 amRNSConversion of Loan and Issue of Equity
10th Jul 20199:11 amRNSConversion of Loan and Issue of Equity
3rd Jul 201912:02 pmRNSPrice Monitoring Extension
25th Jun 20197:00 amRNSAUDITED FINAL RESULTS FOR THE YEAR
19th Jun 201910:48 amRNSConversion of Loan and Issue of Equity
4th Jun 20198:39 amRNSConversion of Loan and Issue of Equity
22nd Mar 201910:43 amRNSReplacement - Loan restructuring & further advance
22nd Mar 20197:00 amRNSLoan restructuring and further advance
20th Mar 20191:45 pmRNSDirectors Dealing
1st Mar 20191:37 pmRNSPFS Executive Summary
27th Feb 20198:58 amRNSConversion of Loan and Issue of Equity
26th Feb 20197:00 amRNSKun-Manie Pre-Feasibility Study
22nd Feb 20199:42 amRNSAccess Road Capital Cost Update
21st Feb 20199:47 amRNSDirectors Dealing
6th Feb 20197:00 amRNS2018 Alex Stewart Laboratory Final Results
22nd Jan 201912:01 pmRNSDirectors Dealing
2nd Jan 201910:20 amRNSConversion of Loan and Issue of Equity
24th Dec 201810:12 amRNSConversion of Loan and Issue of Equity
21st Dec 20189:06 amRNSDirectors Dealing
13th Dec 201810:15 amRNSAnnual General Meeting Results
28th Nov 201812:26 pmRNSNotice of Annual General Meeting
28th Nov 201810:54 amRNSConversion of Loan and Issue of Equity
20th Nov 201810:28 amRNSDirectors Dealing
19th Nov 20183:05 pmRNSInvestor Event
19th Nov 20187:00 amRNSStrategic Plan
12th Nov 20187:00 amRNSUpdate on PFS
5th Nov 20187:00 amRNSAmur Completes 2018 Drill Programme
22nd Oct 201811:19 amRNSDirectors Dealing
28th Sep 20187:00 amRNSInterim Results 2018
20th Sep 201811:45 amRNSDirectors Dealing
19th Sep 201811:16 amRNSConversion of Loan and Issue of Equity
19th Sep 20187:00 amRNSAugust 2018 Drill Programme Milestones
10th Sep 20185:13 pmRNSConversion of Loan and Issue of Equity
30th Aug 20189:30 amRNSConversion of Loan and Issue of Equity
23rd Aug 20189:20 amRNSConversion of Loan and Issue of Equity
20th Aug 20186:07 pmRNSDirectors Dealing
16th Aug 20187:00 amRNSJuly 2018 Drill Programme Milestones
30th Jul 20189:00 amRNSConversion of Loan and Issue of Equity
25th Jul 20189:40 amRNSConversion of Loan and Issue of Equity
23rd Jul 20187:00 amRNSGEFCO MEMORANDUM OF COOPERATION
20th Jul 201812:20 pmRNSDirectors Dealing
10th Jul 20189:45 amRNSConversion of Loan and Issue of Equity
5th Jul 20187:00 amRNSDrill Programme Update
28th Jun 20184:40 pmRNSSecond Price Monitoring Extn
28th Jun 20184:35 pmRNSPrice Monitoring Extension
28th Jun 20187:00 amRNSMining Potential Update

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.