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Amur Minerals eyes one million tonnes of nickel at Kun-Manie

A 20,000m drill campaign showed that the Ikenskoe/Sobolevsky and Kubuk targets are in fact a single deposit

Amur Minerals Corporation (LON:AMC) said drilling this summer has confirmed the presence of another massive nickel deposit at its Kun-Manie licence in Far East Russia.

A 20,000m drill campaign showed that the Ikenskoe/Sobolevsky and Kubuk targets are in fact a single deposit of more than 4km in length and possibly as much as 5km.

WATCH: Amur Minerals close to switching focus to engineering and mine planning

Robin Young, chief executive, said in a statement: "We are extremely pleased with the drill results our team has obtained over the course of this drill season. We have most likely converted Inferred resource to that of Indicated at Kubuk, which is key to reserve definition and expansion. 

“We are also excited to confirm that Kubuk and Ikenskoe/Sobolevsky are likely to be a single near continuous deposit totaling more than 4.5 kilometres in length.

WATCH: Independent analysis of Amur's drill results 'almost precisely match' what's been reported

“Merging of the two deposits will expand our nickel resource to more than a million tonnes of nickel alone. With the drill results indicating higher nickel grades, the newly defined mineralisation will ultimately have a significant impact in reserve definition and resultant production schedule. "

READ: Amur drilling hits largest intercept of mineralisation to date at Kun-Manie

A further 800 metre area between Kubuk and Ikenskoe/Sobolevsky will be drilled this campaign.

 -- adds video link --

 

 

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