Mar 13th 2013 - Edison Investment Research today published a report on Amur Minerals (AMC.L, LSE:AMC, LON:AMC) entitled "Positive Impacts To PFS?". In summary, the report says:
In its final exploration results for 2012, Amur has identified that Ikenskoe (one of the three deposits originally investigated as part of the SRK 2007 PFS) extends ‘at least 200m to 250m metres to the south’ of its previously drilled extents. Also, crucially for Kun-Manie, c 46% (56.1m) of mineralised intercepts from the 10 holes presented in these results exceeded 1% nickel. The average grade of the >1% nickel intercepts is 1.28% Ni and 0.29% Cu. Although not indicative of the entire resource, overall the nickel grades encountered in this suite of results are 0.89% Ni and 0.29% Cu, which is 85% and 107% higher respectively than the JORC-compliant resource dated 2007.
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