Kubuk Trench Results
Amur Minerals Corporation
18 July 2007
18 July 2007
Amur Minerals Corporation
('Amur' or 'the Company')
Kun-Manie's Kubuk Area - Confirmed Drill Target
Amur Minerals Corporation (AIM: AMC) announces the trench results from the Kubuk
area provided by Dalgeophysica.
Detailed geological mapping has identified a series of three, possibly four,
layered shallow dipping ultramafic sills located along the Krumkon Trend. The
area is located four kilometres to the east of the Ikenskoe deposit. Anomalous
rock chip samples as well as stream sediment samples indicate grades up to 1.0%
nickel. Within one of the sills, two channel sampled trenches located about 170
metres apart confirm the presence of nickel mineralisation similar to that
derived in the previous sampling programmes. Both trenches start and end in
potentially economic mineralisation indicating the zone could be thicker than
sampled. Trench 11 contains 33.9 metres averaging 0.63% Ni and 0.17% Cu. Trench
12 has a mineralised length of 11.0 metres at 0.51% Ni and 0.12% Cu.
Robin Young, Amur's Chief Executive Officer, commented: 'Our prospect generation
team continues to generate additional targets faster than we can drill them.
Depending on this year's success on scout drilling at Yan Hegd, we may have to
double the number of rigs on site to keep up with our prospect generation team
while simultaneously continuing step out drilling between our existing drilled
deposits.'
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 Co-Broker Nomad and Public Relations
Corp. Co-Broker
Fox-Davies Capital RBC Capital Parkgreen
Limited Markets Communications
Robin Young Daniel Fox-Davies Andrew Smith Clare Irvine
CEO Martin Eales
+44 (0) 7981 +44 (0) 20 7936 5200 +44 (0) 20 7029 7881 +44 (0) 20 7851 7480
126 818
Notes to Editors
Detailed Summary Of Kubuk Trench Results
An interval is considered to be mineralised when the nickel content is equal to
or exceeds 0.10%. Examination of the detailed information below indicates both
trenches begin and end in mineralisation.
Trench From To Length Ni (%) Cu (%)
K11 0.0 2.0 2.0 0.13 0.04
K11 2.0 2.8 0.8 0.85 0.23
K11 2.8 4.5 1.7 0.74 0.21
K11 4.5 6.0 1.5 0.66 0.17
K11 6.0 6.8 0.8 0.74 0.17
K11 6.8 8.2 1.4 0.30 0.07
K11 8.2 9.4 1.2 0.95 0.23
K11 9.4 10.9 1.5 0.90 0.21
K11 10.9 12.4 1.5 0.81 0.21
K11 12.4 13.9 1.5 0.73 0.23
K11 13.9 15.4 1.5 0.50 0.26
K11 15.4 16.9 1.5 0.77 0.21
K11 16.9 18.4 1.5 0.78 0.23
K11 18.4 19.9 1.5 0.82 0.23
K11 19.9 21.4 1.5 0.85 0.18
K11 21.4 22.9 1.5 0.67 0.18
K11 22.9 24.9 2.0 0.54 0.10
K11 24.9 26.9 2.0 0.77 0.17
K11 26.9 28.9 2.0 0.15 0.04
K11 28.9 30.9 2.0 0.67 0.17
K11 30.9 33.9 3.0 0.47 0.15
Mineralised Metres = 33.9
Average Ni (%) 0.63
Average Cu (%) 0.17
Trench From To Length Ni (%) Cu (%)
K12 0.0 1.5 1.5 0.40 0.20
K12 1.5 3.0 1.5 0.66 0.13
K12 3.0 4.5 1.5 1.20 0.24
K12 4.5 6.0 1.5 0.62 0.11
K12 6.0 7.5 1.5 0.24 0.07
K12 7.5 9.0 1.5 0.19 0.04
K12 9.0 11.0 2.0 0.30 0.08
Total 11.0 0.51 0.12
Mineralised Metres = 11.0
Average Ni (%) 0.51
Average Cu (%) 0.12
About Amur Minerals
Amur's principal asset is the 100% owned Kun-Manie exploration licence, a
nickel-copper 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.
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, Maly Krumkon and Falcon zones, three of
which warrant further exploration as the limits of the mineralisation have not
been identified. The four zones are located within a 15 kilometre long segment
of the 40 kilometre long Krumkon Trend. This trend is the primary exploration
target within the licence area. An additional three targets identified as
Chornie Ispelene, Yan Hegd and Kubuk (also referred to as Ata) have been
identified as additional drill targets. Chornie Ispelene and Kubuk lie within
the trend whilst Yan Hegd is located approximately 8 kilometres to its north.
Approximately 50% of the Krumkon Trend remains to be examined by reconnaissance
work where existing Soviet data indicates potential exists to identify
additional drill targets.
Exploration drill results have been utilised by SRK Consulting to calculate
resources. These include resources of the Measured, Indicated and Inferred
categories which have been estimated for the deposits of Vodorazdelny, Ikenskoe
and Maly Krumkon. Effective January, 2007, the independently compiled Resource
Estimate consists of a total of 53.3 Mt at a mean grade of 0.48% nickel and
0.14% copper containing 254,500 tonnes of nickel; and 73,000 tonnes of copper.
This is summarised in the following table.
SRK Consulting's 2006 Year End Resource Report
=========== ======== ====== ====== ===== ======
Orebody Tonnage Ni Ni Cu Cu
(Mt) (%) (t) (%) (t)
=========== ======== ====== ====== ===== ======
Vodorazdelny
Indicated 5.9 0.71 41,800 0.20 11,800
Ikenskoe
Measured 3.7 0.61 22,700 0.16 5,800
Indicated 26.8 0.42 111,300 0.12 32,700
Sub-total 30.5 0.44 134,000 0.13 38,500
Inferred 5.9 0.49 28,700 0.13 7,500
Total Ikenskoe 36.4 0.45 162,700 0.13 46,000
Maly Krumkon
Inferred 11.0 0.45 50,000 0.14 15,200
Total Measured 3.7 0.61 22,700 0.16 5,800
Total Indicated 32.7 0.47 153,100 0.14 44,500
Total Inferred 16.9 0.47 78,700 0.13 22,700
Grand Total 53.3 0.48 254,500 0.14 73,000
----------- -------- ------ ------ ----- ------
Presently, Amur is compiling a prefeasibility study on the Kun-Manie Project to
be completed mid year 2007. Concurrently, work is also being conducted on the
assembly of a report to be submitted to the State Committee on Reserves (GKZ).
Upon approval, the GKZ shall issue a certificate of 'Discovery'. This
certification allows the Company to continue along the process of converting
portions of the exploration licence into a mining licence.
Immediately to the east of the Kun-Manie licence and across the Amur Oblast and
Khabarovsk Krai border, Amur has acquired the Kustakskaya Project. This 1,034
square kilometre, 25 year exploration and production licence contains two
geological terrains. Each terrain contains a different mineralisation type
target. The southern half of the licence is interpreted to be a continuation of
the Krumkon Trend identified within the Kun-Manie exploration licence. The
northern half of the licence area contains Mesozoic granitic intrusives wherein
historical Russian results indicate the potential for copper, cobalt and minor
nickel to be present. The Company will undertake field exploration of this
licence area in 2008 in accordance with the terms of the licence. Having
recently acquired this licence, the Company places no value on this property.
Amur also controls the Anadjakan gold-copper exploration licence in Kharaborvsk
Krai near the well-infrastructured city of Elban. The Company chooses not to
report any value on this asset and in the process of undertaking the first year
of exploration wherein the 2007 exploration programme is designed to verify
historical results and define future drill targets.
This information is provided by RNS
The company news service from the London Stock Exchange