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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Kun-Manie | |
| Location: | Russia | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2018: Amur Minerals Corp. announces an Exploration/Drilling Update report for its Kun-Manie deposit at the Kun-Manie project. Drilling results incl. 61.8m @ 0.95% Ni, 0.24% Cu from 82.0m. Amur Minerals Corporation (“Amur” or the “Company”), a nickel- | |
| 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 announce its inaugural 2018 drill results through to 31 May 2018 at its wholly owned Kun-Manie nickel copper sulphide project. With drilling targeting the development requirement of the project, a total of 5,078.2 metres (approximately 25% of the planned drilling for this year) was drilled during May with a total of 41 drill holes being completed. Significant portions of the drill programme have been completed for the fulfillment of Russian licensing requirements allowing the Company to progress towards mine design and production. Robin Young, CEO of Amur Minerals, commented: “I am delighted to provide our 2018 maiden drill progress report for May. Drilling nearly 200 metres per day using two Company-owned Boart Longyear diamond core drill rigs, nearly 25% of the 2018 drill programme has already been completed in just 26 days of drilling. Having planned to drill approximately 20,000 metres over the course of the season, and having already completed more than 5,000 metres of drilling, we are rapidly advancing towards the completion of our 2018 drill objectives. “The Russian Federation infill drilling requirement allows the Company to complete detailed exploration, post reserves with the State Reserves Committee, (“GZK”), and progress towards mine designs and approval for the construction phase. This infill drilling has already been completed at two of the four deposits. “We have also commenced drilling on the large high grade Inferred Mineral Resource block located at Ikenskoe / Sobolevsky, which could represent two to three years of production. We are already seeing that there is continuity of the mineralisation through the middle of this block where drilling had not been previously committed, and initial in-house results are supporting the indicated near 1.0% nickel-only grades. Continued success here will be highly beneficial, allowing us to move this high grade metal content area forward in our planned production schedule and generating further improvement in KunManie’s project economics.” | |
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