Amur Minerals Corporation
11 September 2006
11th Sept 2006
Amur Minerals Corporation
('Amur' or 'the Company')
Expansion at Maly Krumkon
Amur Minerals Corporation (AIM:AMC), the exploration company with assets in the
far east of Russia, announces that the potential of the Maly Krumkon mineralised
zone discovered earlier this year on its Kun-Manie project, has been
significantly expanded. The positive drill results obtained earlier in the year
led to Amur undertaking a detailed geological mapping and grab sampling
programme designed to establish the extent of the zone. The additional work
included trenching between and along the strike from the area which had been
previously drilled. Results indicate the following:
• Detailed Geological Mapping and Geochemical Sampling Nearly Triples the
Length of Maly Krumkon. The results confirm that the nickel-bearing
structure to be at least 1.5 kilometres in length. Reconnaissance mapping
beyond this area also indicate that the zone may extend further to the east
and west. Additional confirmatory work is required.
• Trenching Confirms Continuity Of Nickel Mineralisation. Four trenches were
excavated in three areas along the strike to both the east and west of the
drill holes as well as between the two rows of drill holes. The analytical
results indicate that nickel and copper are present in all of the trenches
covering a total strike length of approximately one kilometre. The average
nickel and copper grades within these trenches are 0.43% and 0.16%,
respectively. The average true thickness of the zone exposed in the
trenches is 24.4 metres.
• Mineralised Limits Not Defined. All drill holes and trenches within the
Maly Krumkon discovery contain anomalous mineralised intercepts. The limits
of the mineralisation have therefore not been defined in either the strike or
down its dip directions.
The original discovery of Maly Krumkon was based on four diamond drill holes
drilled on two separate sections spaced approximately 600 metres apart. Within
each drill section, the holes are spaced approximately 100 metres apart. The
drill results indicated an average true thickness of 16.3 metres with an average
nickel grade of 0.63% and a copper grade of 0.17%. The dip of the zone ranges
from 35 to 60 degrees.
Given the significance of the drill results, Amur immediately undertook detailed
geological mapping and trenching to define the extent of the zone. The work
completed at this time has established that the zone contains nickel and copper
over the entire strike length thus far sampled. As the field season draws to an
end, Amur has reverted to reconnaissance mapping to establish the potential
length of the host structure. All information presented within this press
release is based on the atomic adsorption method derived by the Central
Laboratory located in Khabarovsk. The quality of the Central Laboratory
analytical results from previous drilling seasons has been verified by SRK
Consulting, although this year's samples will not be externally verified by Omac
Laboratories until Q4 2006. A comparison of the trench and drill hole results
is provided within the following table.
Method Of Exploration True Thickness Nickel Copper
(m) (%) (%)
Drill Holes (4) 16.3 0.63 0.17
Trenches (4) 24.4 0.43 0.16
Average 20.4 0.51 0.16
Commenting on the expansion to Maly Krumkon, CEO Robin Young stated, 'Our
professional team in the field must be complimented as it has been through their
diligent work that Amur has been able to nearly triple the size of this
exploration target which was discovered early in this year's drill campaign.
Not only have they endured one of the wettest field seasons in recent memory,
but they have presented our company with a substantial opportunity to
significantly enlarge the Kun-Manie metal resource base from its existing
209,000 tonnes of nickel and near 60,000 tonnes of copper.'
The information contained in this announcement has been reviewed and approved by
the CEO of Amur, Robin Young. Mr. Young is a Geological Engineer (cum laude) and
is a Qualified Professional Geologist, as defined by the Toronto and Vancouver
Stock Exchanges.
Ends
Enquiries:
Amur Minerals Corp. Nabarro Wells & Co. Limited Parkgreen Communications
Robin Young John Wilkes Justine Howarth /
CEO Director
Victoria Thomas
+44 (0) 7981 126 818 +44 (0) 20 7710 7400 +44 (0) 20 7493 3713
Notes to Editors
The Amur Group's principal asset is the 100% owned Kun-Manie exploration
licence, a nickel-copper-PGM deposit located in the Amur Province in the far
east of the Russian Federation. The Kun-Manie licence area is approximately 950
km(2) and is located 700 km northeast of the capital city of Blagoveshchensk and
is 750km north of the Chinese border. In April 2004 ZAO Kun-Manie, a wholly
owned subsidiary of Amur, was granted a licence to explore for nickel and
related metals, including copper and platinum, in respect of the Kun-Manie
licence. Amur also has an exploration license for gold and copper located near
Komsomolsk in the Khabarovsk Oblast.
Work carried out to date on the Kun-Manie licence including diamond core
drilling, trenching and geological mapping has identified four mineralised
targets, the Vodorazdelny, Ikenskoe, Falcon and Maly Krumkon zones each of which
warrant further exploration. The four zones are located within a ten kilometer
long segment of the 40 kilometre long Krumkon Trend which is the primary
exploration target within the licence area. An additional two targets
identified as Chornie Ispelene and Kubuk have also been identified within the
trend and require additional geological investigation and represent potential
drill targets. In combination, the six targets are located along approximately
13 kilometres of the length of the Krumkon Trend whilst the remainder of the
trend contains additional potential based on geochemical sampling and geological
mapping which has identified anomalously mineralised host structures.
To date, detailed exploration conducted by the Company and an independently
calculated resource estimate compiled by SRK Consulting indicates the presences
of Indicated and Inferred resources. These resources are contained within two
deposits identified as Vodorazdelny and Ikenskoe. The resource estimate derived
by SRK Consulting as at 31 December 2005 is reported in accordance with JORC
Code definitions and guidelines and was published in the Amur Admission Document
dated 10 March 2006. In summary, SRK's resource estimate comprises an Indicated
Mineral Resource of 28.4Mt with mean grades of 0.47% nickel and 0.13% copper and
an Inferred Mineral Resource of 17.7Mt with mean grades of 0.43% nickel and
0.12% copper together containing approximately 209,000 tonnes of nickel and
58,500 tonnes of copper. The resource estimate will be updated in the fourth
quarter of this year and if possible it is planned to include the results from
the Maly Krumkon and Falcon zones.
This information is provided by RNS
The company news service from the London Stock Exchange
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