TIDMAMC
RNS Number : 2669L
Amur Minerals Corporation
30 September 2016
30 September 2016
AMUR MINERALS CORPORATION
(AIM: AMC)
Maly Kurumkon / Flangovy 2016 Drill Summary
3,000 Metre Length of Indicated Resources Now Drill Defined
Amur Minerals Corporation ("Amur" or the "Company"), a far east
Russian sulphide nickel copper explorer, is pleased to provide a
summary update on the 2016 drill results for its Maly Kurumkon /
Flangovy ("MKF") drill programme at Kun-Manie, located in the far
east of Russia. This season's drilling is now essentially complete
and all planned objectives have been accomplished. A maximum of
three holes remain to be completed.
With the completion of 80 holes containing a total of 19,400.8
metres of drilling as of 24 September 2016, the Company has now
drill confirmed the presence of continuous mineralisation along a
3,000 metre length of MKF. This represents an increase of nearly
50% from that known to be present at the start of this year's drill
programme. Continuous open pit and underground economic grades
(0.5% nickel cutoff grade) of mineralisation have now been proven
to exist along the entire drilled length of the deposit.
All MKF drill identified mineralisation is now completed at a
spacing used by SRK Consulting UK Ltd ("SRK") to define Indicated
resources. This represents a substantial potential expansion in the
Indicated resource which had been defined (May 2016) to be 1,400
metres in length. Having more than doubled the length of the
Indicated resource, the Company anticipates that there is
substantial potential to increase the reserve inventory at MKF for
inclusion in the Definitive Feasibility Study ("DFS"). The grade of
the mineralisation is suitable for both open pit (0.2% nickel
cutoff grade) and underground (0.5% nickel cutoff grade)
production.
Upside potential for resource expansion remains to the east of
the last row of drill holes at MKF. Approximately 400 metres of
undrilled potential remain to be tested. Beyond this geographically
defined MKF limit is the Gorny target area. Limited shallow
drilling at Gorny indicates the presence of mineralisation.
Drilling of the MKF target and western area of Gorny is necessary.
The Company believes that the Gorny deposit could be a continuation
of the MKF deposit and successful future drilling could confirm
these two deposits may actually be one larger deposit having a
length of up to 5 kilometres.
Highlights:
-- A record drill season with 19,400.5 metres of drilling having
been completed through 24 September 2016 is now essentially
complete. A total of 80 holes have been drilled within the MKF
deposit and fall into one of two groups, resource definition and
metallurgical sample collection.
-- The intent of the resource definition phase of the programme
was two-fold. This included infill drilling of the May 2016 defined
Inferred resources to a spacing allowing for the Inferred resource
being upgraded to that of Indicated and to identify new
mineralisation through step out drilling. New mineral was also to
be drilled at a spacing allowing for it to be classified as
Indicated resource.
-- A total of 59 (15,213.3 metres) resource definition holes
were successfully completed. Using a 0.2% nickel cutoff grade
(typical of open pit production criteria), the 2016 holes
intersecting ore grade mineralisation indicated the average
mineralised thickness per ore interval was 13.5 metres. The average
cumulative thickness per hole was 23.6 metres. The average length
weighted nickel grade is 0.76% with copper being 0.21%. These
thicknesses and grades are suitable for open pit production.
-- The previously identified high grade structure containing in
excess of 0.5% nickel (typical of underground production criteria)
has also been confirmed to exist along the entire 3,000 metre
length of MKF. The 2016 drill results average 0.90% nickel and
0.25% copper. Average thicknesses of the high grade mineralisation
by interval and per hole are 10.5 metres and 19.7 metres,
respectively. The structure contains 85% of the total drill defined
nickel, hence the primary target of reserve definition.
-- As noted, the successful infill and step out phases of the
programme have now expanded the MKF deposit to 3,000 metres in
length with all mineralisation being drilled to the Indicated
resource category spacing. Previously (May 2016), the Indicated
resource of MKF was identified to be 1,400 metres in length. With
the expansion of the deposit and its being comprehensively drilled
at the spacing of Indicated, the Company anticipates a substantial
upgrade in the next resource update. Once all information is
available from Alex Steward Laboratories ("ASL"), a resource update
of the MKF deposit is planned for Q1 2017.
-- The configuration of the mineralisation at MKF is conducive
to both open pit and underground mining. Where mineral is located
at and near the surface, open pit production is the preferred
mining method. As the stripping ratio increases in the open pit
production environment, underground production becomes the
preferred extraction method as the profit per underground produced
ore tonne exceeds that of the open pit ore tonne. This requires a
trade-off study to identify the portions of the mineralisation that
are best mined by one of the two production alternatives.
-- The final limits of the MKF deposit have not yet been
defined. An additional 400 metre resource expansion target remains
to be drilled at the eastern limits of the MKF area. The eastern
limit of the drill target is an arbitrarily selected limit. Beyond
this 400 metre exploration potential block, the Gorny deposit is
present which contains limited drill information at the shallow
near surface mineral outcrops. Drilling within the remaining MKF
target and at Gorny is necessary which could result in confirmation
that Gorny may be an extension of the MKF deposit resulting in a
single deposit having a total length of nearly 5 kilometres in
length.
-- The remaining 21 holes (4,187.5 metres) completed at MKF have
allowed the Company to generate a 7.5 tonne bulk metallurgical
sample for use flowsheet determination and process plant design.
The bulk metallurgical sample has been transported to our
Khabarovsk core storage facility for future metallurgical
treatment.
-- ASL has now delivered analytical results for 63% of the drill
samples. It is anticipated that the final ASL results will be
available in 6 to 8 weeks.
Robin Young, CEO of Amur Minerals, commented:
"We are pleased to report that we are at the end of this year's
drill programme and our field team has completed an outstanding
job. With the early start and availability of sufficient fuel
stocks, we have drilled nearly 4,400 metres more than the planned
15,000 metres and generated a 7.5 tonne bulk sample which is 50%
larger than anticipated.
"Drilling has expanded the Maly Kurumkon / Flangovy deposit by
nearly 50% to a total length of 3,000 metres. We have also drilled
the entire structure at a spacing which should allow us to report a
substantial increase in the Indicated resource which was previously
identified to be only 1,400 metres in length. We now have the
luxury of being able to include the entire deposit in the
identification of reserves. This could have a substantial and
highly positive impact on the Definitive Feasibility Study
results.
"As we move into our planning cycle for next year's field
programme, we will be considering where our prime drill targets and
objectives will be for next year. Previously, the priority target
was Kubuk, but with the identification that MKF and Gorny could be
that same mineralised structure, we will be reviewing our drill
priority list in the very near future."
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Yellow Jersey
Corp. Finance LLP
Robin Young Ewan Leggat Dominic Barretto
CEO Laura Harrison Harriet Jackson
+44(0)754 427
+74212755615 +44(0)2034700470 5882
For additional information, visit the Company's website,
www.amurminerals.com.
Please follow the link at the end of this RNS to view figures
showing MKF drill hole location map.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
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 startup
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 worldwide. Mr. Young is responsible
for the content of this announcement which includes information
derived by SRK Consulting Ltd and Alex Stewart Laboratories.
For further information, see the Company website at
www.amurminerals.com.
Key Information
Resource Distribution
May 2016 Global Resource Statement
Zero Cutoff Grade
Resource Tonnage Ni Ni Cu Cu Pt Pt Pd Pd
Class
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Mt % t % t g/t kg g/t kg
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Maly Kurumkon / Flangovy
---------------------------------------------------------------------------------------------
Measured - - - - - - - - -
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Indicated 68.4 0.42 285,200 0.12 84,200 0.10 6,600 0.10 6,900
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Sub-total 68.4 0.42 285,200 0.12 84,200 0.10 6,600 0.10 6,900
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Inferred 22.2 0.37 81,400 0.12 25,70 0.09 1,900 0.09 2,000
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total 90.6 0.40 366,600 0.12 109,900 0.09 8,500 0.10 8,900
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Ikenskoe / Sobolevsky
---------------------------------------------------------------------------------------------
Measured 17.5 0.50 88,600 0.14 24,200 0.18 3,200 0.20 3,500
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Indicated 11.8 0.39 46,000 0.10 11,400 0.14 1,700 0.17 2,000
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Sub-total 29.4 0.46 134,600 0.12 35,600 0.16 4,900 0.19 5,500
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Inferred 5.9 0.78 46,100 0.19 11,400 0.17 1,100 0.21 1,200
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total 35.2 0.51 180,700 0.13 47,000 0.17 5,900 0.19 6,700
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Kubuk
---------------------------------------------------------------------------------------------
Measured - - - - - - - - -
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Indicated 3.7 0.76 28,500 0.17 7,300 0.17 700 0.18 700
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Sub-total 3.7 0.76 28,500 0.17 7,300 0.17 700 0.18 700
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Inferred 22.0 0.47 104,500 0.15 32,100 0.14 3,100 0.12 2,700
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total 25.7 0.52 133,000 0.15 39,400 0.15 3,800 0.13 3,400
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Vodorazdelny
---------------------------------------------------------------------------------------------
Measured 0.8 0.57 4,700 0.17 1,400 0.25 200 0.25 200
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Indicated 4.8 0.66 31,200 0.17 8,200 0.13 600 0.13 600
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Sub-total 5.6 0.64 35,900 0.17 9,600 0.14 800 0.14 800
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Inferred - - - - - - - - -
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total 5.6 0.64 35,900 0.17 9,600 0.14 800 0.14 800
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Gorny
---------------------------------------------------------------------------------------------
Measured - - - - - - - - -
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Indicated - - - - - - - - -
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Sub-total - - - - - - - - -
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Inferred 7.6 0.31 23,900 0.09 7,000 0.21 1,600 0.25 1,900
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total 7.6 0.31 23,900 0.09 7,000 0.21 1,600 0.25 1,900
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total Resource
---------------------------------------------------------------------------------------------
Total Measured 18.3 0.51 93,300 0.14 25,600 0.19 3,400 0.20 3,700
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total Indicated 88.7 0.44 390,900 0.12 111,100 0.11 9,600 0.11 10,200
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Sub-total 107.0 0.45 484,100 0.13 136,600 0.12 13,000 0.13 13,900
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Total Inferred 57.7 0.44 255,900 0.13 76,200 0.13 7,700 0.14 7,800
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Grand Total 164.7 0.45 740,100 0.13 212,900 0.12 20,600 0.13 21,700
----------------- -------- ----- -------- ----- -------- ----- ------- ----- -------
Resource Distribution Based On A Cutoff Grade
Application of a cutoff grade to report the maximum potential
resource that could be mined using open pit or underground methods
indicates the portion of the resource that is relevant for
inclusion in potential reserve study work. It is noted that at a
0.2% cutoff grade, nearly 89% of the nickel (660,500 tonnes) and
87% (184,600 tonnes) of the copper resource is available to open
pit production consideration. At an assumed underground cutoff
grade of 0.5% nickel, the underground mineralisation potential
includes 74% (546,800 tonnes) of the drill identified nickel
mineralisation and 56% (119,500 tonnes) of the identified copper
mineralisation. The average nickel grade ranges from 0.60% to .081%
with copper ranging from 0.17% to 0.18%. It is also noted that
nearly 50% of the total resource for nickel and copper using either
cutoff grade is located within the MKF deposit making it the
primary drill target of resource confirmation and resource
expansion.
May 2016 Global Resource (Measured Plus Indicated Plus
Inferred)
Cutoff Grade (% Nickel)
Orebody Tonnage Ni Ni Cu Cu
--------------- -------- ----- -------- ----- --------
Mt % t % t
--------------- -------- ----- -------- ----- --------
MalyKrumkon/Flangovy
-----------------------------------------------------------
0.20% Nickel
Cutoff Grade 50.8 0.63 320,040 0.18 91,440
--------------- -------- ----- -------- ----- --------
0.50% Nickel
Cutoff Grade 32.6 0.84 273,840 0.16 52,160
--------------- -------- ----- -------- ----- --------
Ikenskoe/Sobolevsky
-----------------------------------------------------------
0.20% Nickel
Cutoff Grade 29.5 0.58 171,100 0.15 44,250
--------------- -------- ----- -------- ----- --------
0.50% Nickel
Cutoff Grade 17.1 0.82 140,220 0.19 32,490
--------------- -------- ----- -------- ----- --------
Kubuk
-----------------------------------------------------------
0.20% Nickel
Cutoff Grade 24.5 0.54 132,300 0.16 39,200
--------------- -------- ----- -------- ----- --------
0.50% Nickel
Cutoff Grade 13.3 0.76 101,080 0.20 26,600
--------------- -------- ----- -------- ----- --------
Vodorazdelny
-----------------------------------------------------------
0.20% Nickel
Cutoff Grade 5.7 0.65 37,050 0.17 9,690
--------------- -------- ----- -------- ----- --------
0.50% Nickel
Cutoff Grade 4.1 0.77 31,570 0.20 8,200
--------------- -------- ----- -------- ----- --------
Total Resource
-----------------------------------------------------------
0.20% Nickel
Cutoff Grade 110.5 0.60 660,490 0.17 184,580
--------------- -------- ----- -------- ----- --------
0.50% Nickel
Cutoff Grade 67.1 0.81 546,710 0.18 119,450
--------------- -------- ----- -------- ----- --------
2016 Drill Hole Results - Resource Definition Only
Alex Stewart Laboratory Analytical Results
Hole Total 0.2% Nickel Cutoff Grade 0.5% Cutoff Grade
Depth
-------------------------------------- -------------------------------------
(m) From To Length Ni Cu From To Length Ni Cu
(m) (m) (m) (%) (%) (m) (m) (m) (%) (%)
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C400 47.0 No
Ore
------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C401 301.0 199.5 205.3 5.8 0.91 0.21 201.0 205.3 4.3 1.13 0.26
------ -------
214.4 219.0 4.6 1.05 0.21 214.4 217.8 3.4 1.34 0.26
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C402 61.0 No
Ore
------ ------- ------ ------ ------- ----- ------
C403 207.0 129.0 143.5 14.5 0.51 0.14 130.5 139.0 8.5 0.70 0.18
------ -------
154.5 159.0 4.5 0.44 0.17
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C406 86.5 23.5 61.7 38.2 0.72 0.18 23.5 49.0 25.5 0.84 0.22
----- ------
53.5 61.7 8.2 0.62 0.14
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C404 138.6 47.9 76.0 28.1 0.72 0.2 47.9 52.4 4.5 0.55 0.19
------
55.4 66.0 10.6 0.93 0.24
------
83.5 109.0 25.5 0.78 0.2 93.5 107.5 14.0 1.02 0.21
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C405 171.0 131.9 136.4 4.5 0.87 0.24 131.9 136.4 4.5 0.87 0.24
------
154.9 163.0 8.1 0.67 0.17 156.4 163.0 6.6 0.76 0.19
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C407 153.2 74.9 143.3 68.4 0.93 0.26 74.9 98.2 23.3 0.94 0.25
------
100.8 143.3 42.5 1.01 0.29
------
C408 193.0 155.0 165.5 10.5 0.79 0.25 155.0 165.5 10.5 0.79 0.25
------
174.4 183.3 8.9 0.55 0.14 177.5 183.3 5.8 0.65 0.13
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C409 204.0 135.8 201.1 65.3 0.86 0.273 135.8 153.3 17.5 0.90 0.33
------
156.3 199.6 43.3 0.93 0.28
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C415 271.0 233.7 244.1 10.4 0.6 0.15 235.1 241.1 6.0 0.81 0.18
250.1 259.0 8.9 0.44 0.15 253.1 256.1 3.0 0.62 0.23
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C326 82.0 6.0 9.0 3.0 0.31 0.05
14.5 19.0 4.5 0.27 0.11
31.0 44.5 13.5 0.44 0.21 37.0 40.0 3.0 0.70 0.21
56.6 74.1 17.5 0.78 0.19 59.5 74.1 14.6 0.88 0.20
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C327 109 94.0 98.5 4.5 0.28 0.07
C410 240.0 227.3 230.3 3.0 0.22 0.07
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C411 187.0 181.1 187.0 5.9 0.27 0.13
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C412 256.0 211.9 241.0 29.1 0.74 0.19 211.9 224.2 12.3 1.00 0.22
233.2 239.0 5.8 0.88 0.25
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C413 187.0 151.7 157.7 6.0 0.44 0.20
163.7 166.7 3.0 0.33 0.14
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C414 299.2 236.3 251.3 15.0 0.96 0.24 236.3 251.3 15.0 0.96 0.24
260.3 296.7 36.4 0.98 0.24 260.3 294.6 34.3 1.02 0.25
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C416 264.0 227.2 237.5 10.3 0.75 0.23 227.2 237.5 10.3 0.75 0.23
244.0 252.4 8.4 0.56 0.15 248.5 252.4 3.9 0.79 0.20
-----
C417 331.0 286.6 297.1 10.5 0.69 0.15 288.1 292.6 4.5 1.21 0.26
303.1 313.6 10.5 0.32 0.14
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C418 314.5 274.5 292.6 18.1 0.92 0.23 274.5 290.6 16.1 0.99 0.25
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C419 213.4 207.0 211.1 4.1 0.28 0.12
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C420 298.0 237.7 288.6 50.9 0.82 0.21 237.7 243.4 5.7 0.70 0.20
246.8 263.3 16.5 1.24 0.22
266.3 287.1 20.8 1.07 0.27
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C421 340.0 305.1 332.6 27.5 0.91 0.24 305.1 318.6 13.5 0.97 0.27
321.6 331.1 9.5 1.15 0.28
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C422 360.0 No
Ore
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C423 358.2 No
Ore
------ ------- ------ ------ ------- ----- ------
C424 202.0 98.4 110.6 12.2 0.88 0.23 100.0 112.3 12.3 0.93 0.23
174.2 180.4 6.2 0.51 0.16 177.3 180.4 3.1 0.76 0.20
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C425 380.0 No
Ore
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C426 421.0 No
Ore
C324 270.0 231.7 243.7 12.0 0.54 0.19 231.7 235.3 3.6 1.02 0.25
248.5 252.1 3.6 0.77 0.19
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C325 320.0 No Ore
------ ------- -------------------------------------- -------------------------------------
C328 70.0 No Ore
------ ------- -------------------------------------- -------------------------------------
C329 379.0 337.4 351.3 13.9 0.81 0.21 337.4 346.8 9.4 1.04 0.26
359.7 372.0 12.3 0.65 0.16 360.8 372.0 11.2 0.69 0.17
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C330 305.0 253.3 267.8 14.5 0.71 0.19 254.7 263.1 8.4 1.00 0.22
281.8 286.6 4.8 1.10 0.21 281.8 286.6 4.8 1.10 0.21
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C427 432.7 No
Ore
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C331 216.0 No
Ore
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C428 331.0 317.8 321.9 4.1 0.79 0.26 317.8 321.9 4.1 0.79 0.26
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C332 383.0 296.7 308.6 11.9 0.70 0.25 299.0 307.2 8.2 0.89 0.29
320.2 326.3 6.1 0.24 0.11
369.0 373.6 4.6 0.71 0.23 369.0 373.6 4.6 0.71 0.23
C429 358.0 276.5 308.0 31.5 0.95 0.22 279.5 306.5 27.0 1.05 0.25
317.0 333.8 16.8 0.96 0.26 320.0 333.8 13.8 1.06 0.28
338.6 352.0 13.4 0.94 0.25 338.6 352.0 13.4 1.01 0.27
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C333 352.0 314.5 323.5 9.0 0.86 0.29 314.5 322.0 7.5 0.96 0.33
340.2 344.5 4.3 0.95 0.29 340.2 343.7 3.3 1.11 0.26
C430 421.0 357.1 370.0 12.9 0.72 0.15 357.1 358.6 1.5 2.07 0.16
361.6 366.5 4.9 0.85 0.19
384.5 387.5 3.0 0.37 0.13
401.0 410.1 9.1 0.67 0.16 403.5 408.4 4.9 0.90 0.19
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C334 413.0 365.3 374.1 8.8 0.57 0.19 366.3 369.3 3.0 0.95 0.20
C335 304.1 195.8 204.1 8.3 0.81 0.30 195.8 204.1 8.3 0.82 0.30
209.3 221.2 11.9 0.85 0.24 209.3 204.1 11.9 0.85 0.25
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C336 295.7 231.2 248.5 17.3 0.99 0.41 233.5 248.5 15.0 1.07 0.46
271.0 295.7 24.7 0.90 0.24 271.0 291.3 20.3 1.02 0.29
------- ------ ------ -----
C337 313.0 In Site
Analysis
------ ------- -------------- ------- ----- ------ ------ ------ ------- ----- -----
C431 310.0 298.7 301.6 2.9 0.87 0.14 300.2
285.6 298.7 13.1 0.83 0.27 285.6 297.2 11.6 0.91 0.30
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C432 331.0 254.8 278.0 23.2 0.83 0.28 254.8 275.5 20.7 0.89 0.30
285.6 298.7 13.1 0.83 0.27 285.6 297.2 11.6 0.91 0.30
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C433 343.0 312.8 320.3 7.5 0.75 0.21 312.8 318.8 6.0 0.83 0.23
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C434 241.0 173.5 192.3 18.8 0.36 0.11 178.5 181.7 3.2 0.87 0.18
201.9 208.6 6.7 0.54 0.27 203.4 207.5 4.1 0.61 0.30
225.1 233.0 7.9 0.67 0.18 226.6 231.0 4.4 0.87 0.34
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C435 261.0 204.7 216.2 11.5 1.10 0.28 204.7 214.7 10.0 1.22 0.31
238.8 252.7 13.9 0.89 0.20 240.3 252.7 12.4 0.95 0.21
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C436 292.0 252.7 259.1 6.4 0.67 0.21 252.7 257.5 4.8 0.82 0.26
275.6 280.8 5.2 0.80 0.23 275.6 280.8 5.2 0.81 0.24
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C437 366.0 332.4 337.3 4.9 0.95 0.23 332.4 337.3 4.9 0.96 0.23
357.3 362.7 5.4 0.69 0.23 357.3 361.5 4.2 0.77 0.22
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C438 190.0 101.2 104.2 3.0 0.22 0.09
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C439 187.0 126.4 141.6 15.2 0.71 0.17 129.9 139.0 9.1 0.98 0.22
160.0 177.5 17.5 0.71 0.18 161.5 174.5 13.0 0.83 0.20
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C440 235.0 No
Ore
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C441 151.0 No
Ore
C442 129.0 91.1 99.0 7.9 0.83 0.19 91.1 99.0 7.9 0.83 0.20
111.0 116.1 5.1 0.50 0.17 111.0 115.0 4.0 0.58 0.18
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C443 220.0 No
Ore
------ ------- ------ ------ ------- ----- ------ ------ ------ ------- ----- -----
C444 118.0 In Site
Analysis
------ ------- -------------- ------- ----- ------ ------ ------ ------- ----- -----
Average
Interval 23.6 0.76 0.21 19.7 0.90 0.25
--------------- -------------- ------- ----- ------ ------ ------ ------- ----- -----
Click on or paste the following link into your web browser to
view the Maly Kurumkon / Flangovy 2016 Drill Location Map:
http://www.rns-pdf.londonstockexchange.com/rns/2669L_-2016-9-29.pdf
Glossary
DEFINITIONS OF EXPLORATION RESULTS, RESOURCES & RESERVES
EXTRACTED FROM THE JORC CODE: (December 2012) (www.jorc.org)
A 'Mineral Resource' is a concentration or occurrence of
material of intrinsic economic interest in or on the Earth's crust
in such form, quality and quantity that there are reasonable
prospects for eventual economic extraction. The location, quantity,
grade, geological characteristics and continuity of a Mineral
Resource are known, estimated or interpreted from specific
geological evidence and knowledge. Mineral Resources are
sub-divided, in order of increasing geological confidence, into
Inferred, Indicated and Measured categories.
An 'Inferred Mineral Resource' is that part of a Mineral
Resource for which tonnage, grade and mineral content can be
estimated with a low level of confidence. It is inferred from
geological evidence and assumed but not verified geological and/or
grade continuity. It is based on information gathered through
appropriate techniques from locations such as outcrops, trenches,
pits, workings and drill holes which may be limited or of uncertain
quality and reliability.
An 'Indicated Mineral Resource' is that part of a Mineral
Resource for which tonnage, densities, shape, physical
characteristics, grade and mineral content can be estimated with a
reasonable level of confidence. It is based on exploration,
sampling and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits,
workings and drill holes. The locations are too widely or
inappropriately spaced to confirm geological and/or grade
continuity but are spaced closely enough for continuity to be
assumed.
A 'Measured Mineral Resource' is that part of a Mineral Resource
for which tonnage, densities, shape, physical characteristics,
grade and mineral content can be estimated with a high level of
confidence. It is based on detailed and reliable exploration,
sampling and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits,
workings and drill holes. The locations are spaced closely enough
to confirm geological and/or grade continuity.
An 'Ore Reserve' is the economically mineable part of a Measured
and/or Indicated Mineral Resource. It includes diluting materials
and allowances for losses which may occur when the material is
mined. Appropriate assessments and studies have been carried out,
and include consideration of and modification by realistically
assumed mining, metallurgical, economic, marketing, legal,
environmental, social and governmental factors. These assessments
demonstrate at the time of reporting that extraction could
reasonably be justified. Ore Reserves are sub-divided in order of
increasing confidence into Probable Ore Reserves and Proved Ore
Reserves.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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