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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Ikenskoe/Sobolevsky (IKEN) | |
| Location: | Russia | |
| Commodities: | Nickel-Copper-Platinum-Palladium | |
| Date: | 1/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-1-2018: Amur Minerals Corp. announces an Exploration/Drilling Update report for its Ikenskoe/Sobolevsky (IKEN) deposit at the Kun-Manie project. Drilling results incl. average of 22.9m @ 0.8% Ni, 0.3% Cu. Amur Minerals Corporation (“Amur” or the “Compan | |
| Resources: | (Resource, Total): 21.1Mt @ 0.69% Ni, 0.17% Cu, 0.012% Co, 0.2g/t Pt, 0.25g/t Pd at IKEN | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Amur Minerals Corporation (“Amur” or the “Company”), explorer and developer of its Russian Far East Kun-Manie nickel-copper sulphide project, is pleased to announce that its final 2017 independently derived analytical drill results have been received. The results confirm that the originally planned 20,000 metre drill programme, initiated on 5 May 2017 (the “Drill programme” or the “2017 drill programme”), have expanded the known mineralised strike length by an additional 2,250 metres to a total of 3,650 metres located at and between the Ikenskoe / Sobolevsky (“IKEN”) and Kubuk (“KUB”) deposits. The newly defined drill identified mineralisation is projected to be 22.4 metres in thickness and averages 0.80% nickel and 0.25% copper and it is anticipated that there will be a substantial increase in the planned early 2018 update to its JORC Mineral Resource Estimate (“MRE”) last updated in February of 2017. “The now complete and highly successful 2017 drill programme results have substantially increased the known length of the mineralisation within a quarter of the ore host Kurumkon Trend. An increase of approximately 180% in mineralised length from 1.4 kilometres to 3.6 kilometres has proven that the Ikenskoe / Sobolevsky and Kubuk deposits are part of a much larger deposit with the addition of the ISK orebody lying between the two greatly expanded deposits. The drill indicated grades for both nickel and copper are also higher than estimated within our February 2017 Mineral Resource Estimate by as much as 10% for nickel (averaging 0.80%) and 30% for copper (averaging 0.25%). | |
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