Amarc and Freeport Launch 2025 Aurora and Joy Copper-Gold District Drilling, Consolidate Additional District Potential
Amarc Resources (OTCQB:AXREF) and Freeport-McMoRan have launched a $10 million exploration program for 2025 at the JOY District in British Columbia. The program focuses on drilling at the newly discovered high-grade AuRORA copper-gold-silver deposit, PINE Deposit, and other promising locations.
The company has expanded its JOY District strategic land package through multiple acquisitions: the 44.5 km² Brenda Property option agreement with Canasil Resources, approximately 32% (42.34 km²) of Freeport's PIL Property option, and three additional mineral claims. Historical exploration at Brenda revealed significant mineralization, including an intersection of 78m grading 0.61 g/t Au and 0.10% Cu.
Amarc Resources (OTCQB:AXREF) e Freeport-McMoRan hanno avviato un programma di esplorazione da 10 milioni di dollari per il 2025 nel Distretto JOY in British Columbia. Il programma si concentra su perforazioni presso il recentemente scoperto giacimento AuRORA ad alto tenore di rame, oro e argento, il giacimento PINE e altre località promettenti.
L'azienda ha ampliato il proprio pacchetto strategico di terreni nel Distretto JOY tramite diverse acquisizioni: l'accordo di opzione sulla proprietà Brenda di 44,5 km² con Canasil Resources, circa il 32% (42,34 km²) dell'opzione sulla proprietà PIL di Freeport e tre ulteriori concessioni minerarie. Le esplorazioni storiche a Brenda hanno rivelato mineralizzazioni significative, inclusa un'intersezione di 78 m con una concentrazione di 0,61 g/t Au e 0,10% Cu.
Amarc Resources (OTCQB:AXREF) y Freeport-McMoRan han lanzado un programa de exploración de 10 millones de dólares para 2025 en el Distrito JOY en Columbia Británica. El programa se centra en la perforación en el recientemente descubierto depósito AuRORA de alta ley de cobre, oro y plata, el depósito PINE y otras ubicaciones prometedoras.
La compañía ha ampliado su paquete estratégico de tierras en el Distrito JOY mediante varias adquisiciones: el acuerdo de opción de la propiedad Brenda de 44.5 km² con Canasil Resources, aproximadamente el 32% (42.34 km²) de la opción de la propiedad PIL de Freeport y tres reclamaciones minerales adicionales. La exploración histórica en Brenda reveló mineralización significativa, incluyendo una intersección de 78 m con una ley de 0.61 g/t Au y 0.10% Cu.
Amarc Resources (OTCQB:AXREF)와 Freeport-McMoRan은 2025년을 목표로 브리티시컬럼비아 JOY 지구에서 1,000만 달러 규모의 탐사 프로그램을 시작했습니다. 이 프로그램은 새로 발견된 고등급 AuRORA 구리-금-은 광상, PINE 광상 및 기타 유망한 지역에서 시추 작업에 중점을 둡니다.
회사는 여러 인수를 통해 JOY 지구의 전략적 토지 패키지를 확장했습니다: Canasil Resources와의 44.5 km² Brenda 광산권 옵션 계약, Freeport의 PIL 광산권 옵션 중 약 32% (42.34 km²), 그리고 세 개의 추가 광물 채굴권이 포함됩니다. Brenda에서의 과거 탐사에서는 78m 구간에서 0.61 g/t Au와 0.10% Cu의 유의미한 광물화가 확인되었습니다.
Amarc Resources (OTCQB:AXREF) et Freeport-McMoRan ont lancé un programme d'exploration de 10 millions de dollars pour 2025 dans le district JOY en Colombie-Britannique. Le programme se concentre sur des forages au niveau du gisement AuRORA récemment découvert, riche en cuivre, or et argent, du gisement PINE et d'autres sites prometteurs.
L'entreprise a élargi son portefeuille stratégique de terrains dans le district JOY grâce à plusieurs acquisitions : l'accord d'option sur la propriété Brenda de 44,5 km² avec Canasil Resources, environ 32 % (42,34 km²) de l'option sur la propriété PIL de Freeport, ainsi que trois autres concessions minières. Les explorations historiques à Brenda ont révélé une minéralisation significative, incluant une intersection de 78 m avec une teneur de 0,61 g/t Au et 0,10 % Cu.
Amarc Resources (OTCQB:AXREF) und Freeport-McMoRan haben ein 10-Millionen-Dollar-Erkundungsprogramm für 2025 im JOY-Distrikt in British Columbia gestartet. Das Programm konzentriert sich auf Bohrungen am neu entdeckten hochgradigen AuRORA Kupfer-Gold-Silber-Lagerstätte, dem PINE-Lagerstätte und weiteren vielversprechenden Standorten.
Das Unternehmen hat sein strategisches Landpaket im JOY-Distrikt durch mehrere Akquisitionen erweitert: die 44,5 km² große Brenda-Liegenschaft im Rahmen eines Optionsvertrags mit Canasil Resources, etwa 32% (42,34 km²) der PIL-Liegenschaftsoption von Freeport sowie drei weitere Mineralansprüche. Frühere Erkundungen in Brenda zeigten bedeutende Mineralisierung, darunter einen Abschnitt von 78 m mit 0,61 g/t Au und 0,10% Cu.
- Secured $10M exploration program funding from Freeport-McMoRan
- Strategic expansion of land package through Brenda Property and PIL Property acquisitions
- Historical drilling results show promising mineralization potential
- Program is 100% funded by Freeport, preserving Amarc's capital
- Freeport's potential 80% ownership of PIL Property would limit Amarc's interest to maximum 24% in common interest area
VANCOUVER, BC / ACCESS Newswire / July 16, 2025 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce that it and Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") recently commenced an approved
"We are very excited to be back out on the ground working with Freeport to advance the high grade, near surface AuRORA Cu-Au-Ag Deposit Discovery announced earlier this year that remains open to expansion, and to continue to drill test other discoveries and numerous deposit targets across the JOY District," said Diane Nicolson, Amarc President and CEO. "Amarc believes that the JOY District has the potential to deliver further major copper-gold discoveries. The focus of the Canadian and BC (and international) governments on critical mineral strategies designed to power the green and digital economy[1] presents a clear opportunity and impetus for the efficient and responsible advancement of projects like JOY."
JOY District Expansion
Amarc also announces the expansion of the JOY District strategic land package that will now also include the Brenda Property, a portion of the PIL Property and three additional mineral claims staked by Amarc (Figure 1).
Brenda Property
Further to Amarc's February 11, 2025 release announcing a mineral property option agreement with Canasil Resources Inc. pursuant to which Amarc could acquire an
Brenda is underlain by the same highly prospective volcanics and transitional porphyry Cu-Au and epithermal Au-Ag geological setting as at Amarc's recent AuRORA and Canyon porphyry Cu-Au discoveries. Historical exploration of the Brenda Property has identified both epithermal and porphyry related rock alteration assemblages hosting Cu, Au and Ag mineralization, and includes an intersection of 78 m grading 0.61 g/t Au and
PIL Property
In addition, Amarc has exercised its right to have approximately
Approximately
About Amarc Resources Ltd
Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of long-life, high-value porphyry Cu-Au mines in BC. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create value from its exploration and development-stage assets.
Amarc is advancing the JOY, DUKE and IKE porphyry Cu±Au Districts located in different prolific porphyry regions of northern, central and southern BC, respectively. Each District represents significant potential for the development of multiple and important-scale, porphyry Cu±Au deposits. Importantly, each of the three districts are located in proximity to industrial infrastructure - including power, highways and rail.
Amarc's exploration is led by an internationally successful team of experienced geologists specializing in porphyry Cu-Au deposits. Members of this team have been involved in and have tracked porphyry Cu-Au exploration advancements in the Toodoggone region since 1990. Their experience and early recognition of the porphyry potential at the NWG Target in terms of a shallowly overburden covered and underexplored transitional epithermal-porphyry geological setting, led to the discovery of the Au-rich AuRORA porphyry Cu-Au-Ag Deposit.
Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. at JOY and Boliden Mineral Canada Ltd. ("Boliden"), an entity within the Boliden Group of companies at DUKE, can earn up to a
Amarc is associated with HDI, a diversified, global mining company with a 35-year history of porphyry Cu deposit discovery, development and transaction success. Previous and current HDI projects include some of BC's and the world's most important porphyry deposits - such as Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, AuRORA, PINE, IKE and DUKE. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral projects.
Amarc works closely with local governments, Indigenous groups and stakeholders in order to advance its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. We pursue early and meaningful engagement to ensure our mineral exploration and development activities are well coordinated and broadly supported, address local priorities and concerns, and optimize opportunities for collaboration. In particular, we seek to establish mutually beneficial partnerships with Indigenous groups within whose traditional territories our projects are located, through the provision of jobs, training programs, contract opportunities, capacity funding agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve high levels of environmental and social performance.
Qualified Person
Mark Rebagliati, P.Eng, a Qualified Person ("QP") as defined by National Instrument 43-101, has reviewed and approved all technical and scientific information related to the Joy Project contained in this news release. Mr. Rebagliati is not independent of the Company.
For further details on Amarc Resources Ltd., please visit the Company's website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365 or within North America at 1-800-667-2114, or Kin Communications, at (604) 684-6730, Email: AHR@kincommunications.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF AMARC RESOURCES LTD.
Dr. Diane Nicolson
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking and other Cautionary Information
This news release includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration plans and plans for enhanced relationships are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: Amarc's projects will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of Amarc's projects will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, exploration and development of properties located within Aboriginal groups asserted territories may affect or be perceived to affect asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Amarc Resources Ltd., investors should review Amarc's annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedarplus.ca.
Figure 1 - Large-Scale Mineral System Trends Occur at JOY that Host the AuRORA Deposit Discovery, PINE Deposit, Canyon Discovery, Twins & Other Sulphide Systems
[1] Canada's Critical Minerals Strategy https://www.canada.ca/en/campaign/critical-minerals-in-canada/canadas-critical-minerals-strategy.html
SOURCE: Amarc Resources Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the size of Amarc Resources' 2025 exploration program budget for the JOY District?
What properties did AXREF acquire in the JOY District expansion?
What were the historical drilling results at the Brenda Property?
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What is Amarc's potential ownership stake in the PIL Property?
