TIDMAMC
RNS Number : 4149V
Amur Minerals Corporation
18 April 2016
18 April 2016
AMUR MINERALS CORPORATION
(AIM: AMC)
Ice Road Resupply Completed
Field Season Objectives Defined
Amur Minerals Corporation ("Amur" or the "Company"), a
nickel-copper sulphide mineral exploration and resource development
company focused on the far east of Russia, is pleased to announce
that the Company has completed the full restock and mobilization of
all newly purchased mobile equipment to its Kun-Manie nickel copper
sulphide project located in the Far East, Russia. The successful
completion of the mobilization effort positions the Company to
undertake and continue its development of the project toward the
completion of its Definitive Feasibility Study ("DFS").
Highlights:
-- The largest total resupply effort ever undertaken on the
project commenced 1 March and was completed on 9 April. A total of
500 tonnes of supplies, spare parts and materials have been
delivered over the 350 kilometre long ice road;
-- All newly purchased equipment has been delivered to the site,
more than doubling the Company's drill capacity and associated
drill road and drill platform construction requirements.;
-- The newly purchased LF-90 Boart Longyear drill rig enables
the Company to drill a total of 15,000 of diamond core holes
planned for the 2016 field season;
-- The two drill rigs will target resource conversion of
existing Inferred resource to Indicated resource, step out drilling
for resource expansion and the acquisition of a bulk metallurgical
sample for process plant design;
-- To provide support for the Company team assessing the
available amount of water for use in the industrial processing of
the ore and identification of potable water sources for supporting
the projected mine staff at the proposed operation;
-- Construction materials and shop machinery has been delivered,
enabling the Company to construct a limited maintenance bay and
repair facility to support the existing and enhance equipment
fleet.
Logistical Summary
The successful delivery of a record 500 tonnes of materials to
site and the newly acquired equipment provides the Company with the
ability to continually advance the Kun-Manie project to a
construction decision and the compilation of a DFS suitable for
construction financing. The increased capacity to drill and support
the expanded capacity enables Amur to undertake key tasks in
support of the DFS.
The ice road mobilisation effort was completed by a series of
seven conveys manned by a team of staff ranging from 15 to 20
contract employees during which nearly 500 tonnes of supplies and
equipment were delivered to the site during the winter ice road
period. This is the largest resupply ever undertaken to support a
field season. An eighth equipment convoy was also deployed allowing
for the delivery of the new Caterpillar and Boart Longyear
equipment which substantially increases the onsite capabilities.
This included two new D9R dozers and a 320D2L sourced from
Caterpillar and an LF-90 Boart Longyear diamond core rig.
Additional purchased mobile equipment was delivered to provide
support for the greatly expanded earth moving and drilling
capacity. This was all accomplished during the warmest ice road
periods since undertaking work on the Kun-Manie licence area.
The addition of the self-propelled LF-90 Boart Longyear rig to
that of the onsite LF-70 rig doubles the drill capacity on site to
approximately 15,000 metres per year. Support equipment totaling 35
tonnes including drill rods, bits and additives have also been
delivered. Two portable six-man housing units have been purchased
and delivered, allowing for the housing of drill crews nearer each
of the drill rigs during drilling. The additional drill capacity
requires increased drill road and drill site platform construction
for which the newly acquired Caterpillar equipment will be
utilised. The onsite dozer fleet now stands at five with an
excavator fitted with a rock breaker.
Additional equipment purchases have also been delivered to site
including a 25 tonne mobile crane, a Ural side dump truck, an eight
tonne fuel truck, portable welding unit, a personnel carrier and
two generators. Associated spares for the comprehensive fleet
totaling 40 tonnes are now available on site. To support and
maintain the expanded fleet, 45 tonnes of construction materials
have been delivered allowing for the construction of a maintenance
bay.
Fuel to support the operation includes winter and summer fuel as
well as aviation fuel for the helicopter support required during
the summer field season. The total fuel allotment now on site is
344 tonnes.
Food stuffs and field supplies for the staff which will vary but
are anticipated to average around 80 summer field staff are on
site. Approximately 19 tonnes are available and will be refreshed
on each helicopter flight completed during the season.
Operational Field Plan
The 2016 field season will be comprised of two elements. The
primary task will be drilling at Maly Kurumkon / Flangovy ("MKFL")
wherein 15,000 drill metres are budgeted. The second is to
undertake the first of two working field seasons to assess and
identify both industrial and potable water sources to support the
planned operation at Kun-Manie.
Drilling will be divided into two components with one rig
dedicated to each of the activities. One rig will be tasked to
resource conversion and expansion whilst the second will be
dedicated to drilling holes adjacent existing holes for the purpose
of acquiring a representative bulk metallurgical sample.
The MKFL deposit is the largest deposit identified to date and
presently represents the preferred source of ore production at
Kun-Manie. Resource conversion will target the current 22.2 million
tonnes of Inferred resource located at the eastern and western
limits of the MKFL deposit. Potential for expansion is also present
at both locations along strike with the greatest potential being
located at the eastern limits defined during the 2015 step out
phase of drilling. The current resource is provided below.
March 2016 Maly Kurumkon / Flangovy JORC Resource
Zero Cutoff Grade (Includes Internal Waste)
High Grade and Low Grade Mineral Domains
Resource Tonnes Ni Ni Cu Cu Pt Pt Pd Pd
Category (millions) (%) Tonnes (%) Tonnes g/t Kg g/t Kg
Indicated
High Grade 24.9 0.86 214,300 0.23 57,200 0.1 3,700 0.1 3,900
Indicated
Low Grade 43.5 0.16 70,800 0.06 27,000 0.1 2,900 0.1 3,000
Total Indicated 68.4 0.42 285,200 0.12 84,200 0.1 6,600 0.1 6,900
Inferred
High Grade 7.1 0.76 54,400 0.20 14,100 0.1 1,000 0.1 1,000
Inferred
Low Grade 15.0 0.18 27,000 0.08 11,500 0.1 900 0.1 1,000
Total Inferred 22.2 0.37 81,400 0.12 25,600 0.1 2,000 0.1 2,000
Total High
Grade 32.0 0.84 268,700 0.22 71,300 0.1 4,700 0.1 4,900
Total Low
Grade 58.5 0.17 97,800 0.07 38,500 0.1 3,800 0.1 4,000
Total 90.6 0.40 366,600 0.12 109,800 0.1 8,500 0.1 8,900
Numbers may not be precise due to rounding.
The second drill objective is the generation of a representative
bulk metallurgical sample. Holes will be drilled adjacent to
existing holes to provide whole core for use in the metallurgical
test work required to finalise the process design to treat the ore
and to establish the metallurgical response of the contained
metals. The test work will also identify the composition of the
concentrate and its response to smelting. This is a key programme
required for inclusion in the DFS and will provide the basis for
the final design and engineering of the processing plant. The core
will be transported from the site to Khabarovsk for consolidation
and transport to the selected laboratory, which is qualified and
skilled in the treatment of nickel copper sulphide ores.
The drill season is typically initiated around 1 June of a field
season. Unseasonable warm weather this year may permit the Company
to begin drilling earlier than normal.
The treatment and processing of ore requires substantial amounts
of water. Substantial amounts of the water will be recycled during
the method of processing, however the Company must ensure that
there is substantial water of suitable quality to process the ore
and generate the final concentrate. In addition, potable water will
be required to support the near 1,000 site based employees. The
work undertaken during this year will be implemented by Company
staff and supported out of our base camp. Drill sites will be
identified and pads will be constructed of the drilling of water
production during next year's field season.
Ice Road Video Library
The concept of an ice road is often not fully understood. For
this reason, the Company has undertaken the compilation of a video
library providing a look inside the reality of transport of
materials over the 350 kilometre long ice road. This group of
individuals is responsible for the success of our field programmes
by enabling us to year on year complete the field programmes at
Kun-Manie.
To view the Company's video library please visit:
http://amurminerals.com/photo-gallery/
Robin Young, CEO of Amur Minerals, commented:
"We are pleased to update the shareholders that we have now
closed down our ice road activities and have delivered a record
tonnage of supplies and new equipment over the 350 kilometre long
ice road. It is with pleasure that I have the opportunity to report
that all required materials have been delivered safely and
efficiently, as a direct result of a highly dedicated and skilled
team. We encourage our readers to view the videos depicting what an
ice road in Russia is truly about.
(MORE TO FOLLOW) Dow Jones Newswires
April 18, 2016 02:00 ET (06:00 GMT)
The delivery of 500 tonnes of material and supplies enables us
to move forward in resource development and to advance the
Definitive Feasibility Study. Metallurgical test work on the
samples to be acquired during this season will form the engineering
design basis for the processing plant, definition of the
composition of the concentrate and establish key smelting
parameters. The focus on the Maly Kurumkon / Flangovy is key as it
will likely be our primary source of ore over the course of the
first several years."
Company NomadandBroker 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)7981126818 +44(0)2034700470 +44(0)7768537739
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 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 was the lead
engineer and participant 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 which includes
information derived by SRK.
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
MSCQELFFQZFBBBV
(END) Dow Jones Newswires
April 18, 2016 02:00 ET (06:00 GMT)
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