Company To Accelerate Compilation of the Definitive Feasibility Study
Amur Minerals Corporation is pleased to provide an update on the Company’s progress in preparation for its 2016 field programme at its Kun-Manie nickel copper sulphide project located in the Far East of Russia.
Capital purchases and delivery of the newly acquired fleet components to the Verkhnezeisk base station represents Amur’s initial step in aggressively moving toward the compilation of its Definitive Feasibility Study (“DFS”). Backed by is strong cash position, and supported by the Russian Government, the Company has doubled its drill capacity with newly acquired equipment, which will be transported over the ice road in March of this year. With its strengthened operating capability, the Company can now rapidly expand the resource, define additional reserves and acquire additional key information required for inclusion in the DFS. The expanded capability will allow for a total of 15,000 metres to be drilled during this season, which represents a 40% increase in the total metres drilled since the acquisition of its original exploration licence in 2004. The Company has already begun marshalling the new equipment and necessary supplies at Verkhnezeisk (its base station along the Amur Baikal rail line). Highlights and a comprehensive update of the shipping status of the expanded fleet is provided below: