Thursday, June 2, 2016

Latest data could extend Kun-Manie by 18 months - Amur (AMC.L) CEO: ProactiveInvestors Stocktube

Published on 2 Jun 2016
Amur Minerals Corporation’s (LON:AMC) chief executive, Robin Young, says the company may be able to increase the mine life of its Kun-Manie nickel/ copper prospect by 18 months after in-fill drilling tests showed the high grade area extends further than previously thought.

“We’re very encouraged that this is just an add-on to the project,” says Young, adding that “just doing some simple maths, we may have added 18 months of reserve to this.”

He tells Proactive Investors that the extension of the high grade area and longer mine life presents the firm, and investors, with “much more of an upside potential.”

Young says that the drill programme is a month ahead of schedule and will likely finish towards the end of September although he added that Amur is going to “continue turning the drills as long as [it] possibly can."

No comments: