Amur Minerals Corporation
08 August 2006
8 August 2006
Amur Minerals Corporation
('Amur' or 'the Company')
Gold - Copper Exploration Licence Awarded
Amur Minerals Corporation (AIM: AMC), the exploration company with assets in far
east Russia, announces that it has expanded its asset base by being awarded the
Anadjakan gold- copper project exploration licence (KhAB 13702 TP) via its
wholly owned subsidiary, ZAO Kun-Manie. The licence covers an area of 250 square
kilometres and is valid for a term of five years, convertible to a 20
year mining licence following a commercial discovery.
The licence is located in the Khabarovsk region and is readily accessible by
maintained roads with abundant infrastructure located nearby. The area was
explored by various groups during Soviet times, most recently in 1991. The
project is characterised by:
• Gold- and copper-bearing veins located within highly developed faults
and shear zones in a granitic intrusive complex and its overlying sedimentary
rocks. Mineralisation at Anadjakan is characterised by near-vertical quartz
and quartz sulphide veins as well as quartz flooded breccia zones. The primary
host zone is up to 250 metres in width and extends over 5 kilometres in
length. Gold has been confirmed by geochemical sampling, limited trenching
and some drilling. Similar structural settings have been identified through
geophysics, but remain untested.
• The potential for an underlying porphyry copper system is provided in
historical Russian expert opinions and is evidenced by anomalous copper,
molybdenum and gold values detected by geochemical sampling.
• Extensive alteration of the sedimentary rocks located at the contact
of the granitic complex carries anomalous gold values, and is confirmed by
geochemical sampling.
• The property is located within 20 kilometres of power and a rail head
at the community of Elban. An extended field season of seven months can be
expected.
Amur will undertake a three-phased approach in accordance with the licence
agreement. These phases will consist of confirming the existing historical
results, conducting trenching and drilling, and concluding with the calculation
of a Russian based resource estimate. This work is to be accomplished over the
next five years.
CEO Robin Young stated, 'Anadjakan is a very promising new region for us to add
to our portfolio, gaining geographical and commodity diversity, together with
access to a project near infrastructure. The existing data provides information
indicating that the site is highly prospective, and we intend to embark on a
programme designed to confirm this imminently.'
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.
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. In addition, the Group has now been awarded a five year exploration
licence on the Anadjakan gold and copper project located in the territory of
Khabarovsk.
Work carried out to date on the Kun-Manie licence, including diamond core
drilling, trenching and geological mapping, has identified two orebodies
(Vodorazdelny and Ikenskoe) and two additional mineralised targets (Falcon and
Maly Krumkon). Both mineralised zones warrant further exploration. The four
zones are located within a ten kilometre segment of the 40 kilometre long
Krumkon Trend which is the primary exploration target within the licence area.
Additional targets within this zone have been identified with two presently
requiring additional investigation (Chornie Ispelene and Kubuk) in advance of
drilling. In combination, the six targets are located along approximately 13
kilometres of the length of the Krumkon Trend whilst the remaining 27 kilometres
of the prospective trend contains additional potential based on geochemical
sampling and geological mapping. Several anomalously mineralised host structures
requiring additional follow up exploration have been identified.
To date, detailed exploration conducted by the Company at Kun-Manie and an
independently calculated resource estimate compiled by SRK Consulting indicate
the presence of Indicated and Inferred resources. These resources are contained
within the two deposits, 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 which does
not include Anadjakan 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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