Mineral resource exploration and development firm Amur Minerals has completed its 2013 exploration field season at its Kun-Manie project in Russia.
The company drilled a 900m-long deposit at Kubuk, where 26 of 31 holes feature potential economic grades of nickel and copper.
As of 8 October 2013, Amur Minerals completed 32 diamond core holes and a total of 6,002m of drilling along the outcrop trend of the Kubuk deposit.
Upon receiving the final Alex Stewart Laboratories (ASL) analytical results to define mineralisation, Amur will undertake an independent resource estimation for the newly defined deposit, which may substantially expand the 531,700t nickel and 145,500t copper resource.
Based on analytical results, 26 of the holes have intersected a total of 777m of nickel and copper sulphide mineralisation.
The analytical results are comprised of a combination of ASL and Amur's Niton XL2 500 X-Ray Fluoresence unit analyses.
Amur Minerals chief executive officer Robin Young said the drilling of the company's fifth deposit continues to confirm its belief that Kun-Manie hosts one of the largest nickel and copper sulphide resources known in the region.
"It is rare that a company can drill a target as large as this in 14 weeks and have the potential to add so substantially to its resource balance," Young said.
"In fact, this year's work alone may have identified a deposit that is larger than many deposits that our peers have spent year's drilling. And we do not know the limits of this deposit, much like three of our other deposits. We look forward to the reporting the inaugural resource estimate at Kubuk once our final analytical results are available."
Image: Amur drilled a 900m-long deposit at Kubuk, where 26 of 31 holes feature potential economic grades of nickel and copper. Photo: Courtesy of Materialscientist.