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Amur ups contained nickel at Maly Kurumkon/Flangovy deposit by 25%


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Amur ups contained nickel at Maly Kurumkon/Flangovy deposit by 25%

Amur Minerals Corp.said April 5 that it has completed the independent resource estimate of the MalyKurumkon/Flangovy deposit of its Kun-Manienickel project in Russia, expanding the resource at the deposit from the previous52.9 million tonnes containing 294,200 tonnes of nickel and 85,100 tonnes of copperto 90.6 million tonnes containing 366,600 tonnes of nickel and 109,900 tonnes ofcopper.

Platinum and palladium resources at the deposit now stand at8.5 tonnes and 8.9 tonnes, respectively, with the average nickel grade reportedat 0.40% and the average copper grade at 0.12%.

The updated total contained nickel at the deposit representsan about 25% increase. Of the contained nickel, 78%, or 285,200 tonnes, is classifiedas indicated, more than double that of the previous indicated resource of 126,100tonnes.

With the updated Maly Kurumkon/Flangovy deposit resource, theglobal Kun-Manie resource has increased from 120.8 million tonnes containing 650,600tonnes of nickel, 178,400 tonnes of copper, 16.9 tonnes of platinum and 18 tonnesof palladium for 831,000 tonnes of nickel equivalent, to 158.4 million tonnes containing723,000 tonnes of nickel, 203,100 tonnes of copper, 20.0 tonnes of platinum and20.8 tonnes of palladium for 958,000 tonnes of nickel equivalent.

The average nickel grade at Kun-Manie stands at 0.46%, whilethe average copper grade is at 0.13%.

Amur noted that it is implementing a new modified resource estimationmethodology, which could lead to an increase and improvement of the global resourceat Kun-Manie without the company having to do any additional drilling. The new modelingapproach will next be applied to the Kubuk and Ikenskoe/Sobelovsky deposits.