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.

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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