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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Maly Kurumkon, Flangovy | |
| Location: | Russia | |
| Commodities: | Nickel-Copper | |
| Date: | 12/14/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-12-2016: Amur Minerals Corp. announces an Exploration/Drilling Update report for its Maly Kurumkon, Flangovy deposit at the Kun-Manie project. Drilling results incl. 68.4m @ 0.93% Ni, 0.24% Cu from 74.9m. Amur Minerals Corporation ("Amur" or the "Compa | |
| Resources: | (Resource, Total): 90.6Mt @ 0.40% NI, 0.12% Cu for 366.6Kt Ni contained at project | |
| CP/QP: | [Overall Report]: Robin Young (Internal) | |
| ABSTRACT: | Amur Minerals Corporation ("Amur" or the "Company"), the exploration and development company focused on base metal projects located in the Far East of Russia, is pleased to announce it has received the final independent analytical results from Alex Stewart Laboratories ("ASL") in Moscow, Russia. These results include all drilling within the Maly Kurumkon / Flangovy ("MKF") deposit completed during the 2016 field season. The results have been submitted to Runge, Pincock, Minarco ("RPM"), who are generating an updated Mineral Resource Estimate ("MRE") on MKF, the largest of the five deposits at the Company's flagship Kun-Manie nickel copper sulphide project. "We are pleased to report that, working in conjunction with Runge, Pincock, Marco, we have initiated the update of the Mineral Resource Estimate for Maly Kurumkon / Flangovy using all drill information acquired during this year's field season and that previously acquired. We expect that the reporting of resources will become more focused and representative of the reserve potential which will be included in the Definitive Feasibility Study. We anticipate that delivery of the resource update in Q1 2017 will provide multiple improvements over the existing MKF resource. This includes an expansion of 40% to the length of the high grade resource, a potential increase in the grade of the resource and substantial upgrade of the resource from Inferred to that of Indicated allowing us to fully evaluate the reserve potential of this deposit. We are also nearing completion of the final reviews of the resource updates to the Ikenskoe / Sobolevsky, Vodorazdelny and Kubuk deposits, and we look forward to updating the market in due course." | |
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