Independent analysis of its 2017 drill programme has confirmed a 180 % increase in the length of the mineralised trend at Amur Minerals Group PLC’s (LON:AMC) Kun-Manie nickel project in Russia.
Robin Young, Amur’s chief executive, said: “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.
Young believes the new nickel may be as much as that already defined at the Maly Kurumkon/Flangovy deposit and is optimistic for a substantial increase on the previous resource estimate.
Kun-Manie is in Far East Russia and at present has a defined resource of 101.3mln tonnes of ore at a nickel grade of 1.03% or the equivalent of more than one million tonnes of metal.
Amur drilled 20,000m in the latest drill campaign, which expanded the strike by an additional 2,250m (to 3,650m) across the deposits at Maly Kurumkon/Flangovy, Ikenskoe/Sobolevsky (IKEN) and Kubuk (KUB) deposits andin the corridor between these deposits (ISK).