Increase of nearly 50% to 100 million Tonnes Ore
Measured Resource Increased by more than 300%
Amur Minerals Corporation (“Amur” or the “Company”), the nickel copper exploration and development company focused on base metal projects located in the far east of Russia, is pleased to announce an updated JORC compliant mineral resource estimate prepared by SRK Consulting (UK) Ltd (“SRK”). The updated resource is contained within four deposits and specifically excludes the Kubuk deposit which is being drilled for the first time during this field season.
Highlights:
- The updated JORC mineral resource inventory, which excludes the fifth deposit which is currently being drilled at Kubuk, exceeds one half million tonnes of nickel, up some 55% from SRK’s previous estimate in 2007 to 531,700 tonnes of contained nickel;
- The resource update has resulted in a substantial increase in the resource due to the result of step out exploration drilling. Based on nearly 29 kilometres of total drilling, the global mineral resource now totals 100.2 million tonnes with an average nickel grade of 0.53% and an average copper grade of 0.15%. This equates to 531,700 tonnes of nickel and 145,500 tonnes of copper;
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