Gorney, A New Kun-Manie Drill

RNS Number : 9972K

Amur Minerals Corporation

29 April 2010

 



29 April 2010

Amur Minerals Corporation

("Amur" or "the Company")

Gorney, A New Kun-Manie Drill Target Confirmed

Amur Minerals Corporation (AMC:AIM), an exploration and development company focused on Far East Russia, is pleased to announce the confirmation of an exciting new drill target previously indicated by geochemical sampling.  Results from two wild cat drill holes have defined the potential to expand upon mineral resources at its Kun-Manie nickel copper sulphide licence. 

The holes are located along strike between two previously drilled deposits known as Maly Krumkon and Vodorazdelny.

Receipt of confirmation assays from the independent analytical laboratory SGS has verified the presence of another drill target within the 2 kilometre wide, 17 kilometre long Krumkon Trend.  This trend contains numerous sills and dykes of websterite rock that host the nickel and copper of Kun-Manie. 

The two holes targeted a geochemical anomaly originally defined by the sampling of outcrops located approximately 4 kilometres along strike to the east of the Maly Krumkon resource area.  Results have identified potentially economic levels of Ni-Cu mineralisation within a 15 to 30 metre thick websterite sill. 

The area has been named the Gorney Target. 

The holes each intersected two nickel copper sulphide enriched layers within the sill.  The upper band averages 6.9 metres in thickness whilst the lower is slightly thicker at 7.4 metres.  The average nickel and copper grades for both layers are 0.48% and 0.13%, respectively.  

The material located between the two parallel bands of mineral contains less than 0.20% nickel which is the cut-off grade determined in the SRK pre feasibility study.  This zone is only 4.5 metres thick.  The table below presents the drill results for each layer.

Drill Results by Layer

Hole	From (m)	To (m)	Length (m)	% Nickel	%Copper
Upper Layer
188	45.7	56.2	10.5	0.52	0.14
189	12.5	15.7	3.2	0.44	0.10
Combined / Average			6.9	0.50	0.13
Lower Layer
188	60.7	71.2	10.5	0.43	0.10
189	20.2	24.4	4.2	0.56	0.19
Combined / Average			7.4	0.47	0.13

Spaced approximately 90 metres apart, the holes intersected the upper mineralised band at depths of 12.5 and 45.7 metres below the surface.  The configuration of the intersected mineralisation suggests similar orientations, styles of mineralisation and thicknesses as those encountered in the proposed Maly Krumkon pit. 

Successful step out drilling along strike and down dip within the immediate area could result in an increase in both resources and near surface open pit recoverable reserves.

Minor concentrations of cobalt are also present.  A detailed summary of the drill results are presented in the table below.  Maps depicting the location of Gorney with a drill cross section can be found on the Company's website, http://www.amurminerals.com .

The 4 kilometre long area located between the newly defined Gorney target and the Maly Krumkon pit area also contains several untested geochemical anomalies similar to that of the newly confirmed Gorney target.  These require further exploration which would begin with undertaking a trenching programme along strike from current drill holes at both Gorney and Maly Krumkon and adjacent mineralised outcrops.  The programme would thereby allow the Company to trace the extent of the mineralisation within the 4 kilometre long area whilst simultaneously identifying near surface drill targets that are often hidden below thin thicknesses of soil and vegetation.

Robin Young, Amur's Chief Executive Officer, commented:

"The results are very exciting for the Kun Manie project as a whole, indicating the potential for expansion of the resources adjacent to, and between, existing identified potential pit areas.  Confirmation trenching and subsequent drilling could add substantially to the global resource and improve upon the SRK projected economics of the project."

Drill Results

Hole	From (m)	To (m)	Length (m)	Ni %	Cu %	Co %
C188	45.7	47.2	1.5	0.38	0.11	0.006
C188	47.2	48.5	1.3	0.37	0.10	0.007
C188	48.5	50.2	1.7	0.45	0.12	0.009
C188	50.2	51.7	1.5	0.51	0.14	0.012
C188	51.7	53.2	1.5	0.72	0.18	0.016
C188	53.2	54.7	1.5	0.79	0.19	0.016
C188	54.7	56.2	1.5	0.39	0.13	0.011
			10.5 m	0.52% Ni	0.14% Cu	0.011% Co
C188	60.7	62.2	1.5	0.74	0.16	0.015
C188	62.2	63.7	1.5	0.84	0.21	0.017
C188	63.7	65.2	1.5	0.39	0.11	0.011
C188	65.2	67.0	1.8	0.36	0.10	0.010
C188	67.0	68.2	1.2	0.17	0.04	0.004
C188	68.2	69.7	1.5	0.23	0.05	0.005
C188	69.7	71.2	1.5	0.25	0.04	0.006
			10.5 m	0.43% Ni	0.10% Cu	0.010% Co
C189	12.5	14.2	1.7	0.56	0.12	0.010
C189	14.2	15.7	1.5	0.29	0.09	0.010
			3.2 m	0.44% Ni	0.10% Cu	0.010% Co
C189	20.2	21.7	1.5	0.22	0.07	0.010
C189	21.7	23.2	1.5	0.81	0.28	0.016
C189	23.2	24.4	1.2	0.67	0.21	0.012
			4.2 m	0.56% Ni	0.19% Cu	0.013% Co

Enquiries:

Company Amur Minerals Corp.	Nomad and Broker RBC Capital Markets	Public Relations Lothbury Financial Services Ltd.
Robin Young, CEO	Martin Eales	Michael Padley
		Libby Moss
[phone]	[phone]	[phone]

 

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