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Amur Minerals completes construction of ice road

Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company, has completed the construction of its winter ice road from the Baikal - Amur rail siding to its Kun-Manie project.

Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company, has completed the construction of its winter ice road from the Baikal - Amur rail siding to its Kun-Manie project.

The road is constructed every year and is used by the comnpany to restock the project site for the upcoming field season.

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The group said that fuel, supplies, spare parts and drill materials are currently being transported along with road, which will continue over a period of four months.

The restocking process will enable the company to drill approximately 6,000 metres using the LF-90 Boart Longyear rig which the company purchased in early 2012. Last year's average drilling cost per metre was reduced from more than $250 per metre to $165 per metre due to the purchase of the rig precluding the need to utilise more expensive contract drilling services.

Chief Executive Officer Robin Young of Amur Minerals, said: "We are pleased to be setting up for our 2013 field season during which we intend to undertake the initial drilling within one of our prime exploration targets at Kun-Manie. Geochemical sampling, geophysical surveys and trenches confirm that the Kubuk area could contain a substantial mineralised zone of more than three kilometres in length."

The share price fell 3.86% to 5.6p by 14:40.

NR

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