Last checked at 19 Aug 2014 12:00
19 August 2014
AMUR MINERALS CORPORATION
(AIM: AMC)
TV Interview with Tip TV and BRR Media
Amur Minerals Corporation ("Amur" or the "Company"), a nickel copper sulphide exploration and development company, is pleased to provide the links to two interviews recorded with CEO Robin Young, giving shareholders an update into Amur's recent activity. Also provided are links to a newly constructed Events page as well as a newly added Frequently Asked Questions ("FAQ") page.
The video interview with BRR Media can be found here: http://www.brrmedia.co.uk/event/125458/robin-young-ceo
The video interview with Tip TV can be found here:
http://www.tiptv.co.uk/archives/tip-tv-highlight-robin-young-18-08-2014/
The events page includes upcoming and past events within which the Company's representatives will or have participated. The events page can be found here: http://www.amurminerals.com/events/
The FAQ page includes answers from Company representatives and its public relations team (Yellow Jersey PR). The FAQ page can be found here: http://www.amurminerals.com/frequently-asked-questions/
Enquiries:
Company Amur Minerals Corp. | Nomad and Broker S.P. Angel Corporate Finance LLP | Public Relations Yellow Jersey |
Robin Young CEO | Ewan Leggat Laura Harrison | Dominic Barretto Kelsey Traynor |
+44 (0) 7981 126 818 | +44 (0) 20 3463 2260 | +44 (0) 77 6853 7739 |
Notes to Editors
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.
For further information, see the Company website.
www.amurminerals.com.
Discussion
The Kun-Manie exploration licence area is approximately 950 km² and is located 700 km northeast of the city of Blagoveshchensk located on the Chinese border. Amur commenced seasonal field work on the licence in 2004 and issued a JORC compliant statement covering the three deposits of Maly Kurumkon, Vodorazdelny and Ikenskoe in 2007.
Since 2007, exploration and drilling has been conducted on an ongoing basis and an updated resource estimate has been compiled in in late 2013 wherein resources are reported from five deposits located along the prolific Kurumkon Trend.
The five deposits contain a total Measured, Indicated and Inferred resource of 120.8 million tonnes averaging 0.54% nickel and 0.15% copper. The total contained tonnage of nickel is estimated to be 650,600 tonnes with copper being 178,400 tonnes. This equates to 1.4 billion pounds of contained nickel and 0.4 billion pounds of copper. A total of 16.9 tonnes of platinum and 18.0 tonnes of palladium are also present as by product metals. A total contained nickel equivalent is indicated to be 830,000 tonnes using 2 December 2013 metal prices. Metal prices utilised to determine the nickel equivalent value were US$13,378 per tonne for nickel, US$7,009 per tonne for copper, US$1,350 per ounce for platinum and US$714 per ounce for palladium.
The estimation of the resource has been compiled by SRK Consulting (UK) Ltd ("SRK") using geostatistical methods and has been reported using the JORC Code.
Further, SRK has undertaken sufficient work studies to determine that all of the reported resource has reasonable prospects for eventual economic extraction. A detailed summary of the SRK resource estimate is presented at the end of this announcement. The summary provides information by deposit and resource category as set forth by JORC resource reporting standards.
The Company is in the process of undertaking further work to update its previous technical studies and facilitate producing a reserve statement in due course. This will incorporate newly estimated Q1 2014 updated capital and operating costs, the higher metallurgical recoveries derived in 2012 by SGS Minerals, and lower net profits tax. The study will also assess alternative power generation options, road design considerations and alternative considerations such as heavy lift zeppelins, and the potential of generating near final marketable product on site and the determination of specific metallurgical test work required to assess the final configuration of the operation.
JORC Resource Estimate - 2 December 2013
(zero cut off grade)
Orebody | Tonnage | Ni | Ni | Cu | Cu | Pt | Pt | Pd | Pd |
Mt | % | t | % | t | g/t | kg | g/t | kg | |
Kubuk | |||||||||
Measured | - | - | - | - | - | - | - | - | - |
Indicated | - | - | - | - | - | - | - | - | - |
Subtotal | - | - | - | - | - | - | - | - | - |
Inferred | 20.6 | 0.58 | 118,900 | 0.16 | 32,900 | 0.1 | 3,000 | 0.1 | 2,400 |
Total | 20.6 | 0.58 | 118,900 | 0.16 | 32,900 | 0.1 | 3,000 | 0.1 | 2,400 |
Gorny | |||||||||
Measured | - | - | - | - | - | - | - | - | - |
Indicated | - | - | - | - | - | - | - | - | - |
Subtotal | - | - | - | - | - | - | - | - | - |
Inferred | 7.6 | 0.31 | 23,900 | 0.09 | 7,000 | 0.2 | 1,600 | 0.2 | 1,900 |
Total | 7.6 | 0.31 | 23,900 | 0.09 | 7,000 | 0.2 | 1,600 | 0.2 | 1,900 |
Ikenskoe | |||||||||
Measured | 14.9 | 0.52 | 77,100 | 0.13 | 19,700 | 0.2 | 2,700 | 0.2 | 3,000 |
Indicated | 7.7 | 0.39 | 29,800 | 0.10 | 7,800 | 0.1 | 1,100 | 0.2 | 1,300 |
Subtotal | 22.6 | 0.47 | 106,900 | 0.12 | 27,500 | 0.2 | 3,800 | 0.2 | 4,300 |
Inferred | 11.5 | 0.62 | 70,800 | 0.14 | 16,300 | 0.2 | 2,300 | 0.2 | 2,500 |
Total | 34.1 | 0.52 | 177,700 | 0.13 | 43,800 | 0.2 | 6,100 | 0.2 | 6,800 |
Vodorazdelny | |||||||||
Measured | 0.8 | 0.57 | 4,700 | 0.17 | 1,400 | 0.3 | 200 | 0.3 | 200 |
Indicated | 4.8 | 0.66 | 31,200 | 0.17 | 8,200 | 0.1 | 600 | 0.1 | 600 |
Subtotal | 5.6 | 0.64 | 35,900 | 0.17 | 9,600 | 0.1 | 800 | 0.1 | 800 |
Inferred | - | - | - | - | - | - | - | - | - |
Total | 5.6 | 0.64 | 35,900 | 0.17 | 9,600 | 0.1 | 800 | 0.14 | 800 |
Maly Krumkon | |||||||||
Measured | - | - | - | - | - | - | - | - | - |
Indicated | 21.8 | 0.58 | 126,100 | 0.16 | 34,900 | 0.1 | 2,400 | 0.1 | 3,000 |
Subtotal | 21.8 | 0.58 | 126,100 | 0.16 | 34,900 | 0.1 | 2,400 | 0.1 | 3,000 |
Inferred | 31.1 | 0.54 | 168,100 | 0.16 | 50,200 | 0.1 | 3,000 | 0.1 | 3,100 |
Total | 52.9 | 0.56 | 294,200 | 0.16 | 85,100 | 0.1 | 5,400 | 0.1 | 6,100 |
Total Measured | 15.8 | 0.52 | 81,800 | 0.13 | 21,100 | 0.2 | 2,900 | 0.2 | 3,200 |
Total Indicated | 34.3 | 0.55 | 187,100 | 0.15 | 50,900 | 0.1 | 4,100 | 0.1 | 4,900 |
Sub-total | 50.1 | 0.54 | 268,900 | 0.14 | 72,000 | 0.1 | 7,000 | 0.1 | 8,100 |
Total Inferred | 70.7 | 0.54 | 381,700 | 0.15 | 106,400 | 0.1 | 9,900 | 0.1 | 9.900 |
Grand Total | 120.8 | 0.54 | 650,600 | 0.15 | 178,400 | 0.1 | 16,900 | 0.1 | 18,000 |
Glossary
DEFINITIONS OF EXPLORATION RESULTS, RESOURCES & RESERVES
EXTRACTED FROM THE JORC CODE: (December 2012) (www.jorc.org)
A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the Earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories.
An 'Inferred Mineral Resource' is that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and reliability.
An 'Indicated Mineral Resource' is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.
A 'Measured Mineral Resource' is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are spaced closely enough to confirm geological and/or grade continuity.
An 'Ore Reserve' is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses which may occur when the material is mined. Appropriate assessments and studies have been carried out, and include consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction could reasonably be justified. Ore Reserves are sub-divided in order of increasing confidence into Probable Ore Reserves and Proved Ore Reserves.