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Amur Minerals Corporation

  • BY: Andrew Hore |
  • POSTED: 06/08/2012 |

Russia-focused explorer Amur Minerals Corporation says that “the Kubuk structure could be substantially longer than presently defined”.

The Kubuk nickel-copper prospect is in the Kun-Manie mineralisation zone. The discovery is more than 1km long. The average grades of nickel and copper within all the samples are 0.57% and 0.15% respectively. There is also cobalt, gold, platinum and palladium.

This area could provide a significant increase in resource. An exploration programme is planned for the autumn.

At 4.97p a share, Amur is valued at £17.6m.

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