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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Maly Kurumkon, Flangovy | |
| Location: | Russia | |
| Commodities: | Nickel-Copper | |
| Date: | 7/7/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-7-2016: Amur Minerals Corp. announces an Exploration/Drilling Update report for its Maly Kurumkon, Flangovy deposit at the Kun-Manie project. Drilling results incl. 50m @ 0.97% Ni. Amur Minerals Corporation ("Amur" or the “Company”), a nickel-copper sul | |
| Resources: | ||
| 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 the June 2016 drill results from its Maly Kurumkon / Flangovy (“MKF”) drill programme at Kun-Manie. Based on total metres, the 2016 drill programme of 15,000 metres is nearly 50% complete. Since inception of drilling in early May, the focus has been on the western limit of MKF identified as Area A. High grade nickel and copper results have been drilled and exceed expectations. The current Inferred drill resource appears to be understated with regard to thickness, grade and contained metal. The presently identified Inferred resource could be as much as 50% thicker (based on a 0.50% cutoff grade (“COG”) and with an average grade increase of 10%. The drill discovery of another 400 metres of high grade nickel and copper mineralisation immediately to the west of the Inferred resource indicates that the MKF deposit is at least 2,600 metres in length. Very similar grades and thicknesses to that of the Inferred resource substantiate the potential to add to the reserve inventory. Given the location of the Area A mineralisation and the logistical support requirements to drill at Kun-Mane, the Company plans to drill all resources to a classification of Indicated. This precludes having to return to the area for any additional resource drilling and delineation. | |
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