Amur Minerals PLC (LON:AMC) is already pencilling in a substantial upgrade to the resource at Kun Manie in Russia after initial results from exploration at the IKEN target
Drilling at Ikenskoe/Sobolevsky (IKEN) since early May has extended the strike by 500 metres at an average of nearly 1.0% nickel and 0.3% copper, substantially higher than previous results.
Substantial expansion remains to be tested to the southeast, along strike in the direction of the Kubuk deposit.
Based on the substantially higher grades and size of this new mineral block, it said there is 'good potential' to double almost the currently reported IKEN resource from 146,000 tonnes of nickel and 36,000 tonnes of copper.
First results from drilling at Kubuk meanwhile are expected next week.
Robin Young, Amur Minerals’s chief executive, said the drilling at IKEN had been highly successful.
“It had extended the Ikenskoe / Sobolevsky deposit by another 500 metres along a target area of 2,500 metres which lies between this deposit and Kubuk where we are now beginning to conduct resource expansion drilling along the eastern limits of this same 2,500 metre target.”
"Based on the current drilling at Ikenskoe / Sobolevsky alone, we believe that we have already doubled the resource for this deposit.
“Additional step out drilling will be continued in both the dip direction and to the east where mineral limits have not yet been defined."