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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Maly Kurumkon, Flangovy | |
| Location: | Russia | |
| Commodities: | Nickel-Copper | |
| Date: | 12/21/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2016: Amur Minerals Corp. announces a Resource Estimation report for its Maly Kurumkon, Flangovy deposit at the Kun-Manie project. Mining Trade-Off study results incl. updated potential mineable reserve. Amur Minerals Corporation ("Amur", the "Compa | |
| Resources: | (Reserve): 44.5Mt @ 0.75% Ni, 0.19% Cu at the MKF deposit | |
| CP/QP: | [Overall Report]: Robin Young (Internal) | |
| ABSTRACT: | Amur Minerals Corporation ("Amur", the "Company" or "AMC"), the exploration and development company focused on base metal projects located in the Far East of Russia, is pleased to report results from a Mining Trade-Off Study ("MTS") by Runge, Pincock, Minarco ("RPM") on its Maly Kurumkon / Flangovy ("MKF") deposit located at its Kun-Manie nickel-copper sulphide project. The new report indicates that previous Preliminary Economic Assessment ("PEA") estimates for MKF significantly underestimate mineable reserves and instead indicates that 58,900 tonnes (31%) more nickel and 3,000 tonnes (5%) more copper is recoverable. Robin Young, CEO of Amur Minerals Corporation, commented: "We are extremely pleased to report a substantial upgrade to the potential of the Kun-Manie project. The Runge, Pincock, Minarco trade-off study supports our earlier observation that much of the mineralisation within three of our four deposits at MKF should be mined using a combination of open pit and underground mining methods to enhance the economic potential of the project. Even though the trade-off study included Inferred resource, the Board believes the results of the 2016 drill season are likely to enable the conversion of the Inferred portion of the MKF resource to the status of Indicated, which is suitable for inclusion in reserve definition calculations. In addition, the extension of the mineralised length of the MKF deposit by 900 metres, which was also drilled at the Indicated spacing, is expected to further increase the ore reserve for MKF. We also anticipate similar upgrades to previously reported resources at the Ikenskoe / Sobolevsky and Kubuk deposits. "Over the course of the holiday season, we will have the opportunity to complete a review of the Gipronickel metallurgical results on the half-tonne bulk sample to confirm the extent of the difference in the SGS metallurgical recovery curve data and that of this important sample. Presently, we are encouraged that we may see further improvements in the recovery of the metal from the processing plant on site." | |
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