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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 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.
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