Amur Minerals Corporation 2018 Field Engineering Campaign Set to Begin (7840K)
13 April 2018 - 8:00AM
UK Regulatory
TIDMAMC
RNS Number : 7840K
Amur Minerals Corporation
13 April 2018
13 April 2018
AMUR MINERALS CORPORATION
(AIM: AMC)
2018 Field Engineering Campaign Set to Begin
Amur Minerals Corporation ("Amur" or the "Company"), a
nickel-copper sulphide mineral exploration and resource development
company, is pleased to announce that the Company has completed the
full restock and mobilisation of all machinery, spares and supplies
for completion of its 2018 field season on its Kun-Manie nickel
copper sulphide project ("Kun-Manie") located in the Far East,
Russia.
This year's field season will be focused on gathering
information for inclusion in project engineering study work and
operational design for consideration and the incorporation into
necessary documentation related to project financing. Further
resource expansion potential remains, however these areas will be
drilled once operations have begun.
Highlights:
-- The resupply transport effort commenced 15 February 2018 was completed on 10 April 2018
-- Eleven convoys traversed the 350 kilometre long ice road and
have now successfully fully restocked the Kun-Manie project site
allowing the Company to implement its 2018 field programme focused
on engineering data acquisition for use in the going forward
studies.
-- Over half million litres of summer and winter fuel and 200
tonnes of additional supplies have been delivered to site to
support the 2018 work programme.
-- The personnel responsible for completion of the resupply have
now transitioned into the final site preparation stage for the
arrival of the remaining summer field crew component. The total
staff on site will be in the order of 100 individuals.
-- Field operations have already been initiated with the start
of the construction of needed roads and drill sites. Full scale
summer activities are anticipated to be underway by the middle of
May 2018.
-- Drilling will include acquisition of a metallurgical sample
from the Ikenskoe / Sobolevsky ("IKEN") and Kubuk ("KUB") deposits
and the mineralised area lying between the two deposits. Infill
drilling of a high grade area (over 1.0% nickel equivalent)
presently defined to be Inferred (March 2018) by JORC (Dec. 2012)
standards is also scheduled. Throughout all four planned mining
areas, closely spaced drill holes will be completed in accordance
with Russian reserve reporting standards as a part of the
requirement for final mine plan approvals.
-- The amount of subsurface water will continue to be drill
tested to determine the extent of any water diversion requirements
and dewatering needs from the anticipated open pit(s) and
underground mining operation(s).
Robin Young, CEO of Amur Minerals, commented:
"All materials required for our 2018 field engineering programme
at Kun-Manie are now on site and we are ready to begin the
acquisition of additional key information necessary for the
inclusion in study documentation leading to project financing. This
year's programme substantially differs from our past field seasons
where the primary objective has been resource expansion and the
ultimate determination of a long term reserve suitable for
supporting project funding and the repayment of future funding
requirements.
"Having identified the largest nickel sulphide deposit located
immediately adjacent to China, Korea and Japan, coupled with the
potential for substantial exploration upside at Kun-Manie, we are
now able to transition into the detailed engineering of the
project. With the project being a highly valued source of sulphide
nickel, copper and cobalt needed for Electric Vehicle batteries,
the scope of our engineering activities has been broadened.
"The engineering information gathering phase has also been
expanded beyond our consideration of producing a toll smeltable
concentrate and the possible generation of a low grade matte. The
Electronic Vehicle market has opened new avenues of potential. The
two primary areas of interest have the potential to generate near
or battery ready materials for direct sale to battery manufacturers
and to widen the rank of Asian centric strategic partners available
to assist in the development of Kun-Manie."
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Yellow Jersey
Corp. Finance LLP
Robin Young Ewan Leggat Dominic Barretto
CEO Soltan Tagiev Harriet Jackson
+7 (4212) +44 (0) 20 3470 +44 (0) 7544
75 56 15 0470 275 882
For additional information, visit the Company's website,
www.amurminerals.com.
Notes to Editors
The information contained in this announcement has been reviewed
and approved by the CEO of Amur, Mr. Robin Young. Mr. Young is a
Geological Engineer (cum laude), a Professional Geologist licensed
by the Utah Division of Occupational and Professional Licensing,
and is a Qualified Professional Geologist, as defined by the
Toronto and Vancouver Stock Exchanges. An employee of Amur for 12
years, previously Mr. Young was employed as an exploration and mine
geologist, mining engineer, construction manager of a mine start up
as well as independent consultant with Fluor Engineers, Fluor
Australia and Western Services Engineering, Inc. during which time
his responsibilities included the independent compilation of
resources and reserves in accordance with JORC standards. In
addition, he has been the lead engineer and project manager in the
compilation of numerous studies and projects requiring the
compilation of independent Bankable Studies utilised to finance
small to large scale projects located worldwide. Mr. Young is
responsible for the content of this announcement.
For further information, see the Company website at
www.amurminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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