Amur Minerals Corp (AMC): Final 2017 Drill Programme Results; 3.6 Kilometres Mineralised Strike Defi

Published on 09-01-2018 07:00:12

Independently derived results confirm that the originally planned 20,000 metre drill programme has expanded the known mineralised strike length by an additional 2,250 metres to a total of 3,650 metres located at and between the Ikenskoe/Sobolevsky and Kubuk deposits.

The newly defined drill identified mineralisation is projected to be 22.4 metres in thickness and averages 0.80% nickel and 0.25% copper and it is anticipated that there will be a substantial increase in the planned early 2018 update to its JORC Mineral Resource Estimate last updated in February of 2017.

The 3.6 kilometre long ore body consists of three specific mineral blocks separated by two fault zones. The known mineral within the IKEN block has been more than doubled in size from 600 metres to 1,250 metres of mineral length, the known KUB block has been expanded from its previous length of 800 metres to 1,400 metres and a newly identified ISK mineral block of 1,000 metres of new mineral has been identified between the neighboring deposits of IKEN and KUB.

The mineability of the newly defined mineralisation is conducive to both open pit and underground production. To optimise production of this mineral, a trade off study on the two mining methods is planned.

Highly prospective potential remains along the 4.0 kilometre long drilled segment of the Kurumkon Trend and down dip of many of the newly completed drill holes which have not identified the limits of the mineralisation.

Robin Young, CEO of Amur Minerals, commented:
“The now complete and highly successful 2017 drill programme results have substantially increased the known length of the mineralisation within a quarter of the ore host Kurumkon Trend. An increase of approximately 180% in mineralised length from 1.4 kilometres to 3.6 kilometres has proven that the Ikenskoe / Sobolevsky and Kubuk deposits are part of a much larger deposit with the addition of the ISK orebody lying between the two greatly expanded deposits. The drill indicated grades for both nickel and copper are also higher than estimated within our February 2017 Mineral Resource Estimate by as much as 10% for nickel (averaging 0.80%) and 30% for copper (averaging 0.25%).
“This new drill information indicates this area could contain as much mineral as defined in Maly Kurumkon / Flangovy, presently our largest drill identified deposit. We are very optimistic that there will be a substantial increase in our global February 2017 Mineral Resource Estimate, already one of the largest undeveloped nickel copper sulphide projects in the world and what we believe to be the largest nickel sulphide deposit located in the vicinity of the three largest nickel consuming nations of China, Japan and Korea.”

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