logo-loader
viewAmur Minerals Corp.

Results from Amur Minerals’ 2018 drill programme at Kun-Manie verified

Amur Minerals and the Alex Stewart Laboratory analyse thousands of samples to make sure the results they recorded the first time are accurate

mining core samples
A second verification phase can now begin

Metals explorer Amur Minerals Corporation (LON:AMC) has received the final analytical results from its 2018 drill programme at its Kun-Manie nickel-copper project in Russia.

The AIM company and the Alex Stewart Laboratory analysed more than 5,000 samples to confirm that they were accurate and generated in accordance with Western and Russian standards.

READ: Amur outlines strategic plan for development of Kun-Manie

The samples were analysed twice, and the difference in metal values between the first and second was “well within” the allowable range.

Amur said the nickel grades were within a 0.5% difference, while for copper, the difference is expected to be 0.7%. As a general industry rule, anything less than 10% is considered acceptable.

More importantly, the results also fall within the more stringent Russian Federation acceptable difference of 5%, which is necessary for the compilation of a TEO – the Russian version of a feasibility study.

A second verification phase – called external control – will now take place which will see SGS Minerals analyse a subset of the samples.

Ensures integrity of information

“We are pleased to update our shareholders regarding the acquisition of the final analytical results and the important Quality Assessment and Quality Control related to this information obtained from our 2018 drill programme,” said chief executive Robin Young.

“We have established that the samples submitted for analysis have been generated in accordance with western industry standards and that the lab can successfully generate consistent results that can be replicated.”

He added: “Using western industry standards and to further establish the quality of the results, we can now move on to a second independent laboratory for obtaining analyses on a subset of the samples analysed by Alex Stewart Laboratories.

“As the second lab will not have access to the results generated by the primary lab, we can independently establish the accuracy of the Alex Stewart Laboratory results.

“This standardised approach has been utilised by Amur since the inception of drilling in 2004 and is in accordance with standard western practice ensuring the integrity of the information used to compile Mineral Resource Estimates.”

Shares were unchanged at 2.9p on Wednesday morning.

Quick facts: Amur Minerals Corp.

Price: 1.95 GBX

LSE:AMC
Market: LSE
Market Cap: £16.49 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Amur Minerals Corp. named herein, including the promotion by the Company of Amur Minerals Corp. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Amur Minerals raises £1.2mln and remains 'fully focused on...

Amur Minerals Corporation's (LON:AMC) Robin Young speaks to Proactive London's Andrew Scott soon after announcing they've raised £1.2mln before expenses. The subscription is by an asset manager specialising in natural resources. Meanwhile, Young says they remain fully focused on the...

on 8/11/19

2 min read