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Amur Minerals Corp.
Summary
| Project: | Kun-Maine | |
|---|---|---|
| Deposit: | Kun-Manie | |
| Location: | Russia | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium | |
| Date: | 2/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-2-2017: Amur Minerals Corp. announces a Resource Estimation report for its Kun-Manie deposit at the Kun-Maine project. Updated Resource Estimates for four deposits at Kun-Manie. Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sul | |
| Resources: | (Resource, Total): 101.3Mt @ 1.03% NiEq for 1.044Mt NiEq conatined at project | |
| CP/QP: | [Resources]: Not stated (RungePincockMinarco Ltd.) | |
| ABSTRACT: | Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that Runge, Pincock, Minarco ("RPM") has completed a comprehensive resource update. The results show an increase on the Mineral Resource Estimate ("MRE") for the four largest nickel-copper sulphide deposits located within the Kun-Manie mining licence. The newly derived MRE represents a substantial and material improvement from previously reported estimates of the resource. Previously focused on open pit production, the emphasis has now shifted to a combined mining scenario of open pit production transitioning to underground production. Using a higher cutoff grade ("COG") of 0.4% nickel to define the MRE, sub-economic mineralisation is no longer included in the global resource inventory thereby increasing the average estimated grades of the global resource being available to conversion to a MOR. This update therefore provides a resource statement that is more reflective of the production potential at Kun-Manie. The new MRE has also increased the estimated resource at the deposits of Ikenskoe / Sobolevsky ("IKEN"), Kubuk ("KUB") and Vodorazdelny ("VOD"). These deposits contain a combined total of 40.4 million tonnes (an increase of 11%) with a Ni Eq grade of 1.00% equating to 405,000 equivalent tonnes of nickel. The in-situ value is estimated at US$4.11 billion with an average grade for nickel of 0.73%, copper is 0.19%. | |
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