Amur Minerals expects a substantial upgrade to the resource at the Kun-Manie Nickel Project in Russia after initial results from exploration at the Ikenskoe/Sobolevsky (IKEN) target. Drilling since early May has extended the strike by 500 metres at an average of nearly 1% nickel and 0.3% copper, substantially higher than previous results.
As well, a substantial expansion remains to be tested to the southeast, along strike in the direction of the Kubuk deposit.
Based on the substantially higher grades and size of this new mineral block, the company says there is 'good potential' to double almost the currently reported IKEN resource from 146,000 tonnes of nickel and 36,000 tonnes of copper.
During the period from May 5 to June 14, a total of 32 holes for 5903.5 metres have been completed, representing 29.5% of the planned 2017 drill program. The program is ahead of schedule owing to an earlier than expected start. It is focusing on the IKEN target as well as the Kubuk deposit.
Amur’s chief executive Robin Young said the drilling at IKEN had been highly successful. “It had extended the Ikenskoe/Sobolevsky deposit by another 500 metres along a target area of 2500 metres which lies between this deposit and Kubuk where we are now beginning to conduct resource expansion drilling along the eastern limits of this same 2500 metre target.
“Based on the current drilling at Ikenskoe/Sobolevsky alone, we believe that we have already doubled the resource for this deposit. Additional step out drilling will be continued in both the dip direction and to the east where mineral limits have not yet been defined."
Kun-Manie is Amur’s principal asset and has JORC-compliant resources in excess of 830,000 nickel equivalent tonnes. The project also contains the by-product metals of copper, cobalt, platinum, palladium, gold and silver.