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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Maly Kurumkon, Flangovy | |
| Location: | Russia | |
| Commodities: | Nickel-Copper | |
| Date: | 9/30/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-9-2016: 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, 0.26% Cu from 74.9m. Amur Minerals Corporation ("Amur" or the “Compan | |
| Resources: | ||
| CP/QP: | [Overall Report]: Robin Young (Internal) | |
| ABSTRACT: | Amur Minerals Corporation ("Amur" or the “Company”), a far east Russian sulphide nickel copper explorer, is pleased to provide a summary update on the 2016 drill results for its Maly Kurumkon / Flangovy (“MKF”) drill programme at Kun-Manie, located in the far east of Russia. This season’s drilling is now essentially complete and all planned objectives have been accomplished. A maximum of three holes remain to be completed. With the completion of 80 holes containing a total of 19,400.8 metres of drilling as of 24 September 2016, the Company has now drill confirmed the presence of continuous mineralisation along a 3,000 metre length of MKF. This represents an increase of nearly 50% from that known to be present at the start of this year’s drill programme. Continuous open pit and underground economic grades (0.5% nickel cutoff grade) of mineralisation have now been proven to exist along the entire drilled length of the deposit. All MKF drill identified mineralisation is now completed at a spacing used by SRK Consulting UK Ltd (“SRK”) to define Indicated resources. This represents a potential expansion in the Indicated resource which had been defined (May 2016) to be 1,400 metres in length. Having more than doubled the length of the Indicated resource, the Company anticipates that there is substantial potential to increase the reserve inventory at MKF for inclusion in the Definitive Feasibility Study (“DFS”). The grade of the mineralisation is suitable for both open pit (0.2% nickel cutoff grade) and underground (0.5% nickel cutoff grade) production. | |
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