Amur Minerals (LON:AMC) has found a new mineralised area within the Kun Manie copper-nickel project in Far East Russia.
Kun Manie, in Far East Russia, is Amur’s flagship project. It currently comprises three main deposits - Maly Krumkon, Ikenskoe and Vodorazdelny.
This morning it revealed the final set of exploration results from the 2010 campaign. Soil sampling between Maly Krumkon and Ikensoe tested a new target, known as Gorni. The company found a 3 kilometre long nickel anomaly which links on to Maly Krumkon.
“These results are excellent,” chief executive Robin Young said.
He adds: "The company has always believed that the Krumkon Trend would ultimately provide us with the potential discovery of additional deposits in adjacent areas as yet not drilled.
Combined the together the Maly Krumkon, Gorni and the connecting area represents a four kilometre long structure.
Amur has already set this area as a drill target for future exploration. It highlighted that this target would be around three times longer than the area drilled on Maly Krumkon to date.
At present Maly Krumkon has a total JORC resource containing 136,500 tonnes of nickel and 37,700 tonnes of copper.
Young added: “Whilst this preparatory work moves forward, we continue to lobby and work with the Russian governmental agencies towards the awarding of the mining licence and will update shareholders upon receipt of the news."