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Amur Minerals Corporation

Amur Minerals “extremely pleased” with drill results at Kun Manie

The AIM-listed miner said this year's field programme is focused on the completion of specific tasks related to advancing the development of the project into one of the world's largest nickel producers

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The company said at the end of June 2018, a total of 66 holes have been completed

Amur Minerals Corporation (LON:AMC) has announced it has completed approximately 50% of the 2018 planned programme at its wholly owned Kun-Manie nickel copper sulphide project and is “extremely pleased” with the results.

The AIM-listed miner said this year's field programme is focused on the completion of specific tasks related to advancing the development of the project into one of the world's largest nickel producers. 

READ: Amur Minerals completes open pit optimisation analysis at Kun-Manie

The company said at the end of June 2018, a total of 66 holes (10,809.3 metres) have been completed since initiation of the planned 20,300 metre drill programme on 6 May 2018.

Robin Young, CEO of Amur Minerals, said: “Drilling at two of the largest areas where infill drilling for Russian regulatory considerations was required, has already been completed and we are now drilling at Kubuk and are progressing well towards completing the infill effort there.”

He added: “Drilling of the Inferred high grade zone at Ikenskoe / Sobolevsky is also confirming the continuity of the mineralisation with regard to thickness and grade.  With continued successful drilling here, we anticipate its conversion to a JORC Indicated resource allowing for its full and unqualified inclusion in the mine production schedule.”

"We are extremely pleased with this year's drill results so far and they are allowing us to clear various hurdles meaning that we can move toward production as swiftly as possible," Robin Young said.

Quick facts: Amur Minerals Corporation

Price: £0.02

Market: LSE
Market Cap: £14.43 m
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Amur Minerals highlights significant increase in underlying earnings for...

Robin Young, chief executive at Amur Minerals Corporation (LON:AMC), discusses with Proactive's Andrew Scott an increase in the projected global underlying earnings (EBITDA) assessment of the mining potential at the Kun-Manie nickel copper sulphide project. The projected EBITDA has...

on 16/4/18

2 min read