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Amarc Resources Ltd. (AXREF) is a mineral exploration and development company focusing on porphyry copper-gold mines in British Columbia. The company holds 100%-owned JOY, DUKE, and IKE districts with significant Cu-Au deposit potential. With a successful management team, Amarc aims to create long-life, high-value projects by combining high-demand projects with dynamic management.
The JOY District, located in BC's north-central region, is under an extensive drilling program funded by Freeport-McMoRan Mineral Properties Canada Inc. Amarc continues as the project operator with a goal of discovering porphyry Cu-Au deposits in the area. Recent surveys have defined drill targets such as the Northwest Gossan target, which exhibits signs of a prospective porphyry system.
Through strategic partnerships and sound exploration practices, Amarc is on the path to realizing the full potential of its districts and contributing to sustainable community and economic development.
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Amarc Resources Ltd. appoints Paul Johnston, PhD, P.Geo., as the new Vice President of Exploration, replacing Dr. Roy Greig. Johnston's extensive experience in leading technical teams and managing exploration projects will be pivotal as Amarc advances drilling programs across its copper-gold districts in 2024. Johnston's background includes working in porphyry copper environments in Peru and Chile, and his previous roles at Teck Resources and Element 29 Resources Inc. showcase his expertise in exploration and project development. Amarc expresses gratitude to Roy Greig for his contributions and looks forward to his continued consultancy.
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Amarc Resources Ltd. announces executive team participation at three conferences in March 2024, including the Metal Investors Forum Toronto. Dr. Diane Nicolson, President & CEO, will present a corporate presentation on March 1.
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Amarc Resources Ltd. announces the commencement of an extensive 2024 drill program at its 100% owned DUKE Copper-Gold district in central British Columbia. The $10 million program will be funded by Boliden, with Amarc as the project operator. The DUKE District is hosted in the Babine Porphyry Cu-Au Region, with potential for discovery of new large porphyry Cu deposits. The 2022-2023 drilling successfully expanded the DUKE Deposit porphyry Cu-Mo-Ag-Au system, and encouraging intercepts suggest additional discovery potential. Amarc has entered into a Mineral Property Earn-In Agreement with Boliden, giving Boliden an option to earn up to a 70% interest in the DUKE District by funding exploration and development expenditures.
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Amarc Resources Ltd. reports positive results from comprehensive surveys across the prospective 722 km2 DUKE district in central British Columbia, identifying multiple porphyry copper-gold mineral systems. Boliden Mineral Canada Ltd. funded $10 million in exploration expenditures and will continue its earn-in during 2024. Sixteen prospective deposit target areas were selected for 2023 field assessment, defining six deposit targets for drill testing and a pipeline of additional porphyry copper-gold targets for further assessment. Amarc's 2023 field program significantly advanced and expanded the critical geological, geophysical, and geochemical signatures of the Svea deposit target, indicating excellent potential for important Cu-Au mineralization. The company intends to drill test this exciting emerging target during the summer 2024 drill season.
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Amarc Resources Ltd. announces its participation at three conferences in Vancouver, British Columbia in January 2024. The company will be presenting at the Metal Investors Forum Vancouver and hosting a corporate booth and presentation by Dr. Diane Nicolson, President & CEO.
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Amarc Resources Ltd. (AHR) has achieved significant milestones in 2023, securing full funding for all its projects in 2024. The company's copper-gold porphyry districts are set for extensive drilling this year, thanks to strategic partnerships with Freeport-McMoRan and Boliden Mineral. The $2.77 million international financing and extensive work programs have positioned Amarc for a successful 2024. Positive industry outlook suggests a growing demand for copper, making Amarc's focus on developing high-value copper-gold assets crucial for the market.
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Amarc Resources Ltd. (Amarc) (TSXV:AHR)(OTCQB:AXREF) announces preparations for a $10 million drilling program at its 100% owned DUKE Copper-Gold District in central British Columbia. Boliden Mineral Canada Ltd. will fully fund the program, with drilling to commence in February 2024. The DUKE Deposit and surrounding DUKE Target area will be the initial focus, following positive results from the 2022-2023 drilling program. The DUKE District is located within the mineralized porphyry belts in BC, with significant potential for new large porphyry Cu deposits. Amarc has entered into a Mineral Property Earn-In Agreement with Boliden, allowing Boliden to earn up to a 70% interest in the DUKE District by funding exploration and development expenditures.
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Amarc Resources Ltd. (TSXV:AHR) (OTCQB:AXREF) has completed two private financings, raising $2.77 million through the issuance of 25,000,000 common shares and 4,807,693 five-year share purchase warrants. 15,384,615 shares were issued as Flow-Through shares at $0.13, and 9,615,385 shares were issued as part of non-FT units at $0.08 per unit.
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Amarc Resources Ltd. (AHR) has entered into agreements to raise $2.77 million through the issuance of Flow-Through Shares and equity units. The company will issue 15,384,615 Flow-Through Shares and 9,615,385 non-flow-through equity units to raise the funds. Sutton Group Inc. will acquire an additional 25,000,000 Amarc Shares, representing 19.1% of the company's then-issued Shares. The proceeds will be used for exploration and general working capital.
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Amarc Resources Ltd. (Amarc) (TSXV:AHR)(OTCQB:AXREF) completes extensive exploration surveys on its 100%-owned DUKE porphyry Cu-Au district in central British Columbia. The $10 million exploration expenditures are fully funded under the Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd. The results will confirm highest priority targets for drill testing in 2024.
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FAQ
What is the current stock price of AMARC RESOURCE (AXREF)?
The current stock price of AMARC RESOURCE (AXREF) is $0.147 as of December 20, 2024.
What is the market cap of AMARC RESOURCE (AXREF)?
The market cap of AMARC RESOURCE (AXREF) is approximately 30.5M.
What are Amarc Resources Ltd.'s core projects?
Amarc holds 100%-owned JOY, DUKE, and IKE districts in BC, each with significant potential for porphyry Cu-Au deposits.
Who is funding the extensive drilling program at the JOY District?
Freeport-McMoRan Mineral Properties Canada Inc. is funding the program, with Amarc continuing as the operator.
What recent target has been identified within the JOY District?
The Northwest Gossan target, showing signs of a prospective porphyry Cu-Au system, has been identified through recent surveys.
What is Amarc Resources Ltd.'s approach to project development?
Amarc aims to combine high-demand projects with dynamic management to create long-life, high-value porphyry copper-gold mines.
Where can I find more information about Amarc Resources Ltd. projects?
For further details on Amarc Resources Ltd., visit the Company's website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO.
What is the geographical location of the JOY District?
The JOY District is situated in BC's north-central region, easily accessible via resource roads servicing the southern Toodoggone region.
What is the goal of Amarc's drilling program at the JOY District?
The goal is to discover porphyry Cu-Au deposits within the seven drill-ready sulphide mineralized systems in the area.
How does Amarc Resources Ltd. contribute to sustainable development?
Through strategic partnerships and responsible exploration practices, Amarc aims to contribute to sustainable community and economic development.
Who is behind Amarc Resources Ltd.'s successful projects?
Amarc is associated with HDI, a global mining company with a 35-year history of porphyry Cu deposit discovery and development success.
What are some recent achievements of Amarc Resources Ltd.?
Recent achievements include identifying drill targets, securing funding for drilling programs, and establishing strategic partnerships for project development.
AMARC RESOURCE LTD
OTC:AXREF
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30.46M
139.07M
34.22%
6.62%
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