StockMarketWire.com - Amur Minerals Corporation says the early start to the drill season and higher than anticipated drilling rates at its Maly Kurumkon/Flangovy drill programme at Kun-Manie have resulted in the completion of 38 holes containing a total of 7,469.2 metres which is nearly 50% of the total planned 15,000 metres for the year.

A record number of metres have been drilled since 5 May 2016. This is more than have ever been completed in a single field season. The greatest previous total was 7,201.9 metres completed in 2012.

The 2016 programme is divided into three areas identified as Area A, Area B and Area C. Area A is the first target located at the west end of MKF. The planned programme for Area A was intended to confirm, upgrade and expand the resource over a 500 metre length of the deposit. Planned for 3,300 metres of drilling, the programme was significantly upgraded during June in direct response to having identified new mineralisation to the west of the 500 metre long block which had been interpreted to be barren of mineral. The target area had been doubled to a length of 1,000 metres.

Since inception of drilling in early May, the focus has been on the western limit of MKF identified as Area A. High grade nickel and copper results have been drilled and exceed expectations. The current Inferred drill resource appears to be understated with regard to thickness, grade and contained metal. The presently identified Inferred resource could be as much as 50% thicker (based on a 0.50% cutoff grade ("COG") and with an average grade increase of 10%. The drill discovery of another 400 metres of high grade nickel and copper mineralisation immediately to the west of the Inferred resource indicates that the MKF deposit is at least 2,600 metres in length.

Very similar grades and thicknesses to that of the Inferred resource substantiate the potential to add to the reserve inventory. Given the location of the Area A mineralisation and the logistical support requirements to drill at Kun-Mane, the Company plans to drill all resources to a classification of Indicated. This precludes having to return to the area for any additional resource drilling and delineation.

Chief executive Robin Young said: "Last month we were pleased to report that the acquired 2016 drill results for the western area of Maly Kurumkon - Flangovy were successfully delineating the limits of the mineralisation and the likely conversion of a two to three million tonne block of Inferred resource to that of Indicated. We were also able to inform our shareholders that we had identified the presence of the thick, high grade zone located along the entire length of the deposit. This discovery of the pipe provides us with the additional potential to increase the tonnage and average grade of ore within this Inferred block during the next resource update. We were in the final stages of defining the western limit of the mineralisation and planning to shift our efforts to the collection of the metallurgical sample along the central area of Maly Kurumkon - Flangovy.

"Results from the first drill hole in June immediately modified to our plans. This first hole intersected the high grade pipe where mineralisation was not anticipated to be present based on surface geological information. We immediately expanded the step out drill programme and have now extended the pipe a further 400 metre long along bringing its total length to 2,600 meters. Two of the holes have intersected mineral thicknesses of 50 metres which contain nickel grades ranging from 0.82% to 0.98%. This new mineralisation should add substantially to the resource inventory and contribute to the project potential. The rapid adjustment to our programme was possible due to our ability to generate preliminary analytical results at site.

"We look forward to continuing our monthly drill updates as well as providing additional information related to the Definitive Feasibility Study."


At 9:25am: [LON:AMC] Amur Minerals Corporation share price was +0.08p at 4.38p



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