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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.
Amarc Resources Ltd. (TSXV:AHR; OTCQB:AXREF) has announced the successful completion of its Phase 1 core drilling program at the DUKE porphyry Cu-Au district in central British Columbia. The program utilized three drill rigs, culminating in 11,070 meters across 24 core holes. Two rigs targeted the DUKE Cu-Mo-Ag-Au Deposit, while the third focused on a significant 4.7 km² IP chargeability anomaly indicative of a mineral-rich sulfide system. The combined Phase 1 and 2 exploration programs for 2023 are budgeted at $10 million, fully funded under a partnership with Boliden Mineral Canada Ltd.. Initial drilling results show substantial copper, molybdenum, gold, and silver mineralization. Future exploration efforts will include extensive surface surveys targeting ten prioritized porphyry copper deposits.
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