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 Apr 20177:00 amRNSKun-Manie Access Road Update
10th Apr 20177:00 amRNS2017 Ice Road Resupply Completed
13th Mar 20177:00 amRNSCompletion of Ice Road
7th Mar 20177:00 amRNS2017 Kun-Manie Field Programme
10th Feb 20177:00 amRNSKun-Manie Resource Update
9th Feb 20174:35 pmRNSPrice Monitoring Extension
6th Feb 20177:00 amRNSAppointment of Vox Markets
30th Jan 20177:29 amRNSIssue of Equity
20th Jan 20174:41 pmRNSSecond Price Monitoring Extn
20th Jan 20174:35 pmRNSPrice Monitoring Extension
17th Jan 201712:02 pmRNSPrice Monitoring Extension
12th Jan 20177:00 amRNSIssue of Equity
11th Jan 20177:00 amRNSGipronickel Institute MKF Metallurgical Results
9th Jan 201712:02 pmRNSPrice Monitoring Extension
6th Jan 20177:00 amRNSBoard Appointment
21st Dec 20167:00 amRNSMKF Mining Trade-Off Study Completed
14th Dec 20167:00 amRNSMKF Resource Update Initiated
8th Dec 20164:21 pmRNSIssue of Equity
23rd Nov 20169:13 amRNSHolding in Company
22nd Nov 20167:00 amRNSFinancial Advisory Agreement with FEIE
21st Nov 20169:12 amRNSHolding in Company
17th Nov 201610:31 amRNSHolding(s) in Company
16th Nov 20162:24 pmRNSComment re Recent Share Price Increase
14th Nov 20167:00 amRNSAccess Road Update
7th Nov 20164:40 pmRNSSecond Price Monitoring Extn
7th Nov 20164:35 pmRNSPrice Monitoring Extension
1st Nov 20164:35 pmRNSPrice Monitoring Extension
1st Nov 20167:00 amRNSCompletion of Successful 2016 Field Season
31st Oct 20167:00 amRNSMOU with Jinchuan
12th Oct 20164:35 pmRNSPrice Monitoring Extension
30th Sep 20167:01 amRNSInterim Results 2016
30th Sep 20167:00 amRNSDrilling Update
19th Sep 20167:00 amRNSDirectorate Change
13th Sep 201612:07 pmRNSSecond Price Monitoring Extn
13th Sep 201612:02 pmRNSPrice Monitoring Extension
9th Sep 20162:12 pmRNSResult of AGM
5th Sep 201612:07 pmRNSSecond Price Monitoring Extn
5th Sep 201612:02 pmRNSPrice Monitoring Extension
5th Sep 20167:00 amRNSLetter of Intent with IG Copper
30th Aug 20167:00 amRNSKun-Manie Metallurgical Update
24th Aug 20167:00 amRNSNotice of AGM
18th Aug 20167:00 amRNSDrilling Update
17th Aug 201612:07 pmRNSSecond Price Monitoring Extn
17th Aug 201612:02 pmRNSPrice Monitoring Extension
11th Aug 201612:07 pmRNSSecond Price Monitoring Extn
11th Aug 201612:02 pmRNSPrice Monitoring Extension
9th Aug 20164:40 pmRNSSecond Price Monitoring Extn
9th Aug 20164:35 pmRNSPrice Monitoring Extension
28th Jul 20168:56 amRNSHolding(s) in Company
27th Jul 201612:07 pmRNSSecond Price Monitoring Extn

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.