AMARC RESOURCE LTD - AXREF STOCK NEWS

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.

Amarc Resources has announced positive drilling results from the PINE Deposit and scout drilling at its JOY District in British Columbia, confirming extensive porphyry Cu-Au mineralization. The 2022 drilling program included 37 core holes totaling 15,427 meters, significantly expanding the PINE Deposit to a 1,700 m strike length and identifying new mineralization at the Canyon target. Highlights include notable intercepts such as 204 m of 0.42% CuEQ. Freeport-McMoRan has invested approximately $20 million into the project, underlining a strong exploration potential within the JOY District, comprising eight extensive deposit targets.

Amarc Resources Ltd. (OTCQB:AXREF) announces its participation in key conferences in March 2023, including the 2023 PDAC Conference from March 5-9 in Toronto and a virtual KINvestor Green Future Conference on March 28. CEO Dr. Diane Nicolson will present at both events. The company's copper-gold districts in British Columbia, including the JOY and DUKE districts, are primed for development, with ongoing drilling activities and partnerships with Freeport-McMoRan and Boliden. These agreements could bring in $200 million in non-dilutive funding for exploration and development.

Amarc Resources Ltd. announced positive results from ongoing drilling at the DUKE Deposit in British Columbia. Recent drilling, including hole DK22010, revealed 309 m of 0.42% CuEQ within 557 m of 0.36% CuEQ. This confirms the mineralization potential of the deposit, which remains open for further expansion. The DUKE District is located in a historically productive area, and partner Boliden Mineral Canada Ltd. is investing CDN$90 million in exploration. Drilling plans have been expanded to explore further targets in the surrounding area.