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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) announced positive assay results from the first drill hole (DK22009) of its 2022-2023 drilling program at the DUKE Deposit in British Columbia. The drill hole intercepted significant Cu-Mo-Au-Ag mineralization, with highlights including 542 m of 0.33% CuEQ, 183 m of 0.43% CuEQ, and 126 m of 0.52% CuEQ. The results indicate that mineralization extends deeper than previously identified. The current drill program, funded under an agreement with Boliden Mineral Canada Ltd., aims to explore multiple targets in the DUKE District. Amarc continues to operate two core rigs on-site, with ongoing drilling and surface programs planned for the year.
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.
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