LONDON (ShareCast) - Amur Minerals has completed its exploration field season at its Kun-Manie project in Russia.

The company has drilled to a 900 metre long deposit at Kubuk, where 26 of 31 holes contain potentially economic grades of nickel and copper.

On Tuesday the miner completed 32 diamond core holes and a total of 6,001.7 metres of drilling along the outcrop trend of the Kubuk deposit.

Following receipt of the final Alex Stewart Laboratories analytical results to define mineralisation, Amur will undertake an independent resource estimation for the newly defined deposit. It could substantially expand the 531,700 tonne nickel and 145,500 tonne copper resource.

"The drilling of our fifth deposit continues to confirm our belief that Kun-Manie hosts one of the largest nickel and copper sulphide resources known in the part of the world. It is rare that a company can drill a target as large as this in 14 weeks and have the potential to add so substantially to its resource balance,” said Chief Executive Officer, Robin Young.

"In fact, this year's work alone may have identified a deposit that is larger than many deposits that our peers have spent year's drilling. And we do not know the limits of this deposit, much like three of our other deposits. We look forward to the reporting the inaugural resource estimate at Kubuk once our final analytical results are available."

RD

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