AMARC RESOURCE LTD - AXREF STOCK NEWS

Amarc Resources Ltd. has resumed core drilling at its 100%-owned DUKE porphyry Cu-Au district in British Columbia after a holiday break. This drilling is part of a fully-funded program under an agreement with Boliden Mineral Canada Ltd., which may earn up to a 70% stake by investing $90 million. An initial investment of $5 million is committed for 2023. The drilling will delineate the DUKE Deposit and explore a surrounding 3 km² chargeability anomaly. Previous drilling indicated significant copper and gold mineralization and identified 12 additional targets. The program aims to enhance understanding and development of this promising resource area.

Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) has announced its participation in three conferences in Vancouver this January 2023, highlighting its executive team's involvement. The events include the 2023 AME Roundup Conference, Metal Investors Forum, and Vancouver Resource Investment Conference.

Amarc's extensive copper-gold districts in British Columbia feature four deposits and ten targets primed for exploration. Significant progress was made at the JOY District with major drilling completed in 2022, and an agreement with Boliden at the DUKE District has been initiated. Amarc aims for partnerships with Freeport and Boliden, who can earn substantial interests by funding up to $200 million in staged expenditures.

Amarc Resources Ltd. (TSXV:AHR, OTCQB:AXREF) reported significant advancements in its copper-gold projects over the past year, particularly in the JOY and DUKE Districts. Strategic partnerships with Freeport-McMoRan and Boliden will lead to USD$200 million in investments, driving exploration without diluting shareholder value. The PINE Deposit at JOY underwent extensive drilling with promising results, while DUKE initiated a drill program to assess deposit size. The company also strengthened its management team by appointing Dr. Roy Greig as VP of Exploration. Experts forecast a positive long-term copper market, bolstering Amarc’s growth potential.

Amarc Resources Ltd. has commenced drilling at its 100% owned DUKE porphyry Cu-Au district in British Columbia, under a funding agreement with Boliden Mineral Canada Ltd.. Boliden can earn up to a 70% interest by investing up to $90 million in the project. Drilling will focus on the DUKE Deposit and is expected to continue into early 2023, with results anticipated throughout the year. The DUKE District, an area with historical mining activity, is recognized for its significant mineral potential, supported by existing infrastructure.

Amarc Resources Ltd. announced a Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd. to enhance the DUKE porphyry Cu-Au district in British Columbia. Boliden can earn up to 70% ownership by investing CDN$90 million in exploration over ten years. The DUKE district, covering 678 km², has significant infrastructure and shows promise with multiple identified Cu deposit targets. Amarc aims to leverage Boliden's experience to advance the project, with drilling permits already in place.

Amarc Resources Ltd. has expanded its exploration program at the JOY District in British Columbia, backed by Freeport-McMoRan, which is investing approximately CDN$14 million for 2022. The program includes 15,427 meters of helicopter-supported drilling, focusing on the PINE Deposit and multiple copper-gold targets. A total of 8,000 core, rock, and soil samples have been sent for analysis. The JOY District is strategically positioned near significant mineral deposits, reflecting Amarc's commitment to unlocking its potential.

Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) emphasizes its commitment to responsible mineral development in British Columbia. The company is focusing on its 100%-owned JOY, DUKE, and IKE Districts, which host significant copper-gold deposits. With expectations of increasing global copper demand reaching 53 million metric tons by 2050, Amarc is strategically developing partnerships and engaging in non-dilutive exploration. The CEO highlights the importance of copper in achieving net-zero carbon emissions by 2050 and anticipates sharing continuous development updates with investors.