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About Amarc Resources Ltd. (AXREF)
Amarc Resources Ltd. (OTCQB: AXREF, TSX-V: AHR) is a Vancouver-based mineral exploration and development company specializing in the discovery and advancement of porphyry copper-gold deposits in British Columbia (BC), Canada. With a focus on creating long-term value, Amarc is strategically advancing three 100%-owned districts—JOY, DUKE, and IKE—all located in prolific porphyry regions with access to essential industrial infrastructure, including power, highways, and rail.
Core Business and Exploration Focus
Amarc's primary objective is to develop a new generation of large-scale, high-value porphyry copper-gold mines. The company leverages advanced geological techniques and extensive exploration programs to identify and delineate mineralized systems. Its flagship projects include:
- JOY District: Located in the Toodoggone-Kemess region, this 495 km² district hosts the newly discovered AuRORA Deposit, a high-grade, gold-rich porphyry copper-gold-silver system. The district also includes other significant targets like the PINE Deposit, Canyon Discovery, and Twins Target.
- DUKE District: Situated in the Babine Region, DUKE is characterized by its proximity to historical copper-gold mines and extensive porphyry systems. The district benefits from a $90 million earn-in agreement with Boliden Mineral Canada Ltd.
- IKE District: Located in southern BC, IKE features the higher-grade Empress Deposit, which is being advanced through self-funded drilling programs.
Strategic Partnerships and Funding
Amarc has secured up to $200 million in non-dilutive funding through strategic partnerships with industry leaders such as Freeport-McMoRan Mineral Properties Canada Inc. and Boliden Mineral Canada Ltd.. These collaborations not only provide financial support but also enhance technical capabilities, allowing Amarc to accelerate its exploration and development activities.
Competitive Advantage
Amarc's association with Hunter Dickinson Inc. (HDI), a globally recognized mining group with a 35-year history of porphyry deposit success, positions the company as a leader in resource development. HDI's involvement brings unparalleled expertise in exploration, acquisition, and project monetization.
Commitment to Sustainability
Amarc is deeply committed to responsible mineral development. The company actively collaborates with Indigenous communities and local stakeholders to ensure that its projects contribute to sustainable economic and community development. Initiatives include job creation, training programs, and environmental stewardship.
Exploration Highlights
Recent exploration programs have yielded significant results, including the discovery of the AuRORA Deposit at JOY, characterized by high gold, copper, and silver grades with excellent lateral and vertical continuity. Additionally, the DUKE and IKE districts continue to demonstrate strong potential for large-scale mineralization, supported by ongoing drilling and surface surveys.
Industry Significance
Amarc's projects align with the growing global demand for copper and gold, driven by renewable energy initiatives and economic development. By focusing on underexplored regions with high geological potential, the company is well-positioned to deliver long-term value to stakeholders.
Conclusion
Amarc Resources Ltd. combines technical expertise, strategic partnerships, and a commitment to sustainability to unlock the value of its world-class porphyry copper-gold districts. With a proven track record of discoveries and the backing of industry leaders, Amarc is poised to play a pivotal role in meeting the future demand for critical minerals.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has completed a successful environmental collaboration at the JOY District in north-central British Columbia. The project, undertaken in partnership with Tsay Keh Dene Nation, Kwadacha Nation, and Takla Nation, focused on reclaiming two historical exploration camp sites abandoned by previous operators.
The reclamation was carried out at the Stealth and Pine exploration camps, with Chu Cho Industries providing labor and equipment at Stealth, and Kwadacha Nation assisting at Pine. Amarc and Freeport-McMoRan Mineral Properties Canada Inc., who are advancing JOY, demonstrated their commitment to environmental protection and responsible mineral development through this initiative.
A video showcasing the environmental reclamation is now available on the Amarc website, highlighting the collaborative effort and successful outcome of the project.
Amarc Resources announced the commencement of extensive core drilling at its 100%-owned JOY Copper-Gold District in British Columbia. Partnered with Freeport-McMoRan, this fully-funded program aims to discover porphyry Cu-Au deposits across eight large drill-ready sulphide mineralized systems. Focused on the PINE, Canyon, Twins, and SWT Targets, the program includes testing new and existing mineralized zones, such as NWG and the MEX Trend. Previous drilling has shown promising results with notable Cu, Au, and Ag concentrations. The program is a culmination of two years of geological, geophysical, and geochemical studies, designed to uncover significant mineral deposits.
Amarc Resources has resumed drilling at its DUKE porphyry copper-gold district in British Columbia. The summer focus is on the SVEA Deposit Target and the JO porphyry Cu-Au discovery. Initial results from historical drill holes and recent surveys show promising potential for substantial Cu-Au mineralization.
During the 2024 winter, nine drill holes totaling 4,828.2 meters were completed at the DUKE Deposit. Seven of these intersected significant Cu-Mo mineralization. Notable results include:
- 71m of 0.45% CuEQ in hole DK24033
- 110m of 0.38% CuEQ in hole DK24034
- 203m of 0.28% CuEQ in hole DK24035
- 48m of 0.34% CuEQ in hole DK24036
- 208m of 0.26% CuEQ in hole DK24037
Boliden Mineral Canada is continuing its earn-in agreement with a $10 million budget for 2024.
Amarc Resources announces its executive team's participation in two conferences in May 2024. The company will be presenting at the Metals Investor Forum Vancouver on May 10-11 and attending the 121 Mining Investment London Conference on May 15-16. Dr. Diane Nicolson, President & CEO, will lead the presentations and meetings at both events, showcasing Amarc's extensive Cu-Au Districts in British Columbia with funding secured for exploration drilling in 2024.
Amarc Resources is set to begin an extensive 2024 drilling program at its JOY Copper-Gold District in British Columbia funded by Freeport-McMoRan. The program aims to discover porphyry Cu-Au deposits and build upon previous geological surveys. The NWG Copper-Gold Porphyry Target, a new exciting prospect, shows strong scientific evidence for a potential porphyry system with multiple mineral anomalies. The drilling program is scheduled to begin in June, focusing on various mineral systems across the JOY District.
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