LONDON (ShareCast) - AIM-listed mineral exploration and resource development company Amur Minerals, has initiated its 6,000 metre 2013 drill campaign at its Kun-Manie exploration licence.

The company reported that the first stage of drilling had been initiated at the company's Kubuk target within the Kun-Manie exploration licence.

Over preceding exploration field seasons, the company said that soil geochemical, rock chip sampling and geophysical surveys had defined an area containing a substantial mineral anomaly identified as Kubuk.

It said that the anomaly was approximately 2.5km in length and up to 1.0km in width, containing contains elevated levels of nickel and copper.

Geophysical results also indicated that a substantial conductor – a zone of high metal content- was present and coincident with the geochemical analyses, the company said.

The company added that geological interpretation indicated that Kubuk and Ikenskoe could link up forming a single "major mineralised zone" totalling as much as 6.0km in length. To date, only about 1.0km of this much larger target had been drilled from which JORC resources and reserves were drill defined and reported in 2007 by SRK Consulting.

Robin Young, Chief Executive Officer of Amur Minerals, commented: "The year's exploration start up is always an exciting period for Amur. We are drilling a new target at Kubuk right at the beginning of another field season. We have intersected the host zone in our first five holes and are cautiously optimistic that our visual identification of nickel and copper minerals will ultimately end with the independent laboratory reporting positive results. This could well be the beginning of the definition of a fifth deposit along our prolific Kurumkon Trend which continues to be the source to add resources and reserves."

Amur Minerals’ share price was down 0.28% to 8.90p at 11:11 on Wednesday.

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