Amur Minerals Corporation (LON:AMC) CEO Robin Young talks to DirectorsTalk about its drilling update for the Maly Kurumkon / Flangovy drill programme at Kun-Manie. Robin talks through the highlights, 2016 objectives and puts the MKF programme area into perspective.
An early start to the drilling season, combined with higher than planned drill rates, has enabled Amur Minerals Corporation to complete a total of 54 holes (11,978.3 metres) as of 1 August 2016. A total of 34 resource definition holes have been completed and 2,100 metres of the current MKF 2,500 metre length is now considered to be completely drilled for resource and reserve determination (based on parameters previously used by SRK Consulting Ltd (“SRK”). This 2,100 metre length also includes 400 metres of newly discovered resource extension located at the western limit of the deposit. All of the planned 20 metallurgical drill holes (3,959 metres) have also been completed, providing a 6.9 tonne bulk metallurgical sample. A full 3 months ahead of schedule, these samples have already been airlifted off the project site and are being inventoried and sorted in the Company’s core storage facility in Khabarvosk.
This bulk metallurgical sample will be used for the evaluation of the metallurgical response of the MKF ore, which is a key element for the Definitive Feasibility Study (“DFS”). This metallurgical testwork leads to the defining of recoveries, flowsheet design, process plant design, assessment of the final composition of the concentrate and determination of the suitability of the Company to construct its own smelter / furnace for the generation of a salable product on the international market. The remainder of the drill season will focus on the eastern end of the MKF deposit. Drilling will target further Inferred resource upgrade of as much as 9.2 million tonnes of ore to Indicated, as well as potential resource expansion eastward of the last drill section toward the Gorny deposit. A sufficient tonnage of fuel was delivered to site to allow for an estimated 18,000 metre drill programme, and as such drilling will continue until either the fuel supply is exhausted or early winter conditions set in.
