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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Kun-Manie | |
| Location: | Russia | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium | |
| Date: | 7/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-7-2017: Amur Minerals Corp. announces an Exploration/Drilling Update report for its Kun-Manie deposit at the Kun-Manie project. Drilling results incl. 76.4m @ 0.93% Ni, 0.20% Cu. Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robin Young (Internal) | |
| ABSTRACT: | Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to provide its second update of drill results at its Ikenskoe / Sobolevsky ("IKEN") deposit. Since 20 May 2017, IKEN drilling has been focused along the western 1,600 metres of the 2,800 metre long ISK Target between the IKEN and Kubuk ("KUB") deposits. Widely spaced holes (200 metres) have confirmed the presence of mineralisation within two distinct pods with a total combined mineralised strike length of approximately 1,200 metres. The most recently completed and easternmost hole located 1,150 metres for the KUB deposit has intersected the largest and continuous thickness of mineralisation ever drilled at Kun-Manie being 76.4 metres averaging 0.93% nickel and 0.20% copper. "Resource expansion drilling at Ikenskoe / Sobolevsky has reaped substantial benefits since mid May of this year. We have already discovered two new mineralised blocks along the 2,800 metre long target between Ikenskoe / Sobolevsky and Kubuk. Having drilled about 1,600 metres of the target length from the Ikenskoe / Sobolevsky resource model limit, drilling indicates both blocks average in excess of 0.9% nickel and 0.2% copper at average thicknesses of more than 35 metres. These thicknesses are suitable for underground mining. The mineral limits remain open at both blocks with substantial expansion potential in the dip direction and eastward toward Kubuk. With infill drilling, these two blocks could substantially impact the project economics due to the higher than historically drilled grades. ''The most recently defined block is located towards the middle of the 2017 drill season target and contains the thickest continuous mineralisation intercepted to date at Kun-Manie. With grades of 0.93% nickel and 0.21% copper, the latest discovery is nearly 76 metres thick. Located at the east end of this newly discovered block, it is only 1,150 metres from the Kubuk deposit. We look forward to reporting additional drill updates." | |
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