Kubuk Trench Results

Amur Minerals Corporation 18 July 2007 18 July 2007 Amur Minerals Corporation ('Amur' or 'the Company') Kun-Manie's Kubuk Area - Confirmed Drill Target Amur Minerals Corporation (AIM: AMC) announces the trench results from the Kubuk area provided by Dalgeophysica. Detailed geological mapping has identified a series of three, possibly four, layered shallow dipping ultramafic sills located along the Krumkon Trend. The area is located four kilometres to the east of the Ikenskoe deposit. Anomalous rock chip samples as well as stream sediment samples indicate grades up to 1.0% nickel. Within one of the sills, two channel sampled trenches located about 170 metres apart confirm the presence of nickel mineralisation similar to that derived in the previous sampling programmes. Both trenches start and end in potentially economic mineralisation indicating the zone could be thicker than sampled. Trench 11 contains 33.9 metres averaging 0.63% Ni and 0.17% Cu. Trench 12 has a mineralised length of 11.0 metres at 0.51% Ni and 0.12% Cu. Robin Young, Amur's Chief Executive Officer, commented: 'Our prospect generation team continues to generate additional targets faster than we can drill them. Depending on this year's success on scout drilling at Yan Hegd, we may have to double the number of rigs on site to keep up with our prospect generation team while simultaneously continuing step out drilling between our existing drilled deposits.' The information contained in this announcement has been reviewed and approved by the CEO of Amur, Robin Young. Mr. Young is a Geological Engineer (cum laude) and is a Qualified Professional Geologist, as defined by the Toronto and Vancouver Stock Exchanges. Enquiries: Amur Minerals Co-Broker Nomad and Public Relations Corp. Co-Broker Fox-Davies Capital RBC Capital Parkgreen Limited Markets Communications Robin Young Daniel Fox-Davies Andrew Smith Clare Irvine CEO Martin Eales +44 (0) 7981 +44 (0) 20 7936 5200 +44 (0) 20 7029 7881 +44 (0) 20 7851 7480 126 818 Notes to Editors Detailed Summary Of Kubuk Trench Results An interval is considered to be mineralised when the nickel content is equal to or exceeds 0.10%. Examination of the detailed information below indicates both trenches begin and end in mineralisation. Trench From To Length Ni (%) Cu (%) K11 0.0 2.0 2.0 0.13 0.04 K11 2.0 2.8 0.8 0.85 0.23 K11 2.8 4.5 1.7 0.74 0.21 K11 4.5 6.0 1.5 0.66 0.17 K11 6.0 6.8 0.8 0.74 0.17 K11 6.8 8.2 1.4 0.30 0.07 K11 8.2 9.4 1.2 0.95 0.23 K11 9.4 10.9 1.5 0.90 0.21 K11 10.9 12.4 1.5 0.81 0.21 K11 12.4 13.9 1.5 0.73 0.23 K11 13.9 15.4 1.5 0.50 0.26 K11 15.4 16.9 1.5 0.77 0.21 K11 16.9 18.4 1.5 0.78 0.23 K11 18.4 19.9 1.5 0.82 0.23 K11 19.9 21.4 1.5 0.85 0.18 K11 21.4 22.9 1.5 0.67 0.18 K11 22.9 24.9 2.0 0.54 0.10 K11 24.9 26.9 2.0 0.77 0.17 K11 26.9 28.9 2.0 0.15 0.04 K11 28.9 30.9 2.0 0.67 0.17 K11 30.9 33.9 3.0 0.47 0.15 Mineralised Metres = 33.9 Average Ni (%) 0.63 Average Cu (%) 0.17 Trench From To Length Ni (%) Cu (%) K12 0.0 1.5 1.5 0.40 0.20 K12 1.5 3.0 1.5 0.66 0.13 K12 3.0 4.5 1.5 1.20 0.24 K12 4.5 6.0 1.5 0.62 0.11 K12 6.0 7.5 1.5 0.24 0.07 K12 7.5 9.0 1.5 0.19 0.04 K12 9.0 11.0 2.0 0.30 0.08 Total 11.0 0.51 0.12 Mineralised Metres = 11.0 Average Ni (%) 0.51 Average Cu (%) 0.12 About Amur Minerals Amur's principal asset is the 100% owned Kun-Manie exploration licence, a nickel-copper deposit located in the Amur Province in the far east of the Russian Federation. The Kun-Manie licence area is approximately 950 km(2) and is located 700 km northeast of the capital city of Blagoveshchensk and is 750km north of the Chinese border. In April 2004 ZAO Kun-Manie, a wholly owned subsidiary of Amur, was granted a licence to explore for nickel and related metals, including copper and platinum, in respect of the Kun-Manie licence. Work carried out to date on the Kun-Manie licence including diamond core drilling, trenching and geological mapping has identified four mineralised targets; the Vodorazdelny, Ikenskoe, Maly Krumkon and Falcon zones, three of which warrant further exploration as the limits of the mineralisation have not been identified. The four zones are located within a 15 kilometre long segment of the 40 kilometre long Krumkon Trend. This trend is the primary exploration target within the licence area. An additional three targets identified as Chornie Ispelene, Yan Hegd and Kubuk (also referred to as Ata) have been identified as additional drill targets. Chornie Ispelene and Kubuk lie within the trend whilst Yan Hegd is located approximately 8 kilometres to its north. Approximately 50% of the Krumkon Trend remains to be examined by reconnaissance work where existing Soviet data indicates potential exists to identify additional drill targets. Exploration drill results have been utilised by SRK Consulting to calculate resources. These include resources of the Measured, Indicated and Inferred categories which have been estimated for the deposits of Vodorazdelny, Ikenskoe and Maly Krumkon. Effective January, 2007, the independently compiled Resource Estimate consists of a total of 53.3 Mt at a mean grade of 0.48% nickel and 0.14% copper containing 254,500 tonnes of nickel; and 73,000 tonnes of copper. This is summarised in the following table. SRK Consulting's 2006 Year End Resource Report =========== ======== ====== ====== ===== ====== Orebody Tonnage Ni Ni Cu Cu (Mt) (%) (t) (%) (t) =========== ======== ====== ====== ===== ====== Vodorazdelny Indicated 5.9 0.71 41,800 0.20 11,800 Ikenskoe Measured 3.7 0.61 22,700 0.16 5,800 Indicated 26.8 0.42 111,300 0.12 32,700 Sub-total 30.5 0.44 134,000 0.13 38,500 Inferred 5.9 0.49 28,700 0.13 7,500 Total Ikenskoe 36.4 0.45 162,700 0.13 46,000 Maly Krumkon Inferred 11.0 0.45 50,000 0.14 15,200 Total Measured 3.7 0.61 22,700 0.16 5,800 Total Indicated 32.7 0.47 153,100 0.14 44,500 Total Inferred 16.9 0.47 78,700 0.13 22,700 Grand Total 53.3 0.48 254,500 0.14 73,000 ----------- -------- ------ ------ ----- ------ Presently, Amur is compiling a prefeasibility study on the Kun-Manie Project to be completed mid year 2007. Concurrently, work is also being conducted on the assembly of a report to be submitted to the State Committee on Reserves (GKZ). Upon approval, the GKZ shall issue a certificate of 'Discovery'. This certification allows the Company to continue along the process of converting portions of the exploration licence into a mining licence. Immediately to the east of the Kun-Manie licence and across the Amur Oblast and Khabarovsk Krai border, Amur has acquired the Kustakskaya Project. This 1,034 square kilometre, 25 year exploration and production licence contains two geological terrains. Each terrain contains a different mineralisation type target. The southern half of the licence is interpreted to be a continuation of the Krumkon Trend identified within the Kun-Manie exploration licence. The northern half of the licence area contains Mesozoic granitic intrusives wherein historical Russian results indicate the potential for copper, cobalt and minor nickel to be present. The Company will undertake field exploration of this licence area in 2008 in accordance with the terms of the licence. Having recently acquired this licence, the Company places no value on this property. Amur also controls the Anadjakan gold-copper exploration licence in Kharaborvsk Krai near the well-infrastructured city of Elban. The Company chooses not to report any value on this asset and in the process of undertaking the first year of exploration wherein the 2007 exploration programme is designed to verify historical results and define future drill targets. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings