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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 engaged KIN Communications Inc. for investor relations to enhance its market presence. CEO Diane Nicolson highlighted Amarc's position in three copper-gold districts with potential deposits. The company has partnered with Freeport Mineral Properties Canada Inc. and is planning development programs for its DUKE and IKE districts. The agreement with Kin is for 12 months at $12,500 monthly, plus stock options for 1,000,000 shares at $0.11, subject to regulatory approval.
Amarc Resources Ltd. (OTCQB:AXREF) has secured an additional $100,000 from director Robert Dickinson, increasing its total loan obligation to $1.1 million. The unsecured loan carries a 10% annual interest rate, repayable by November 26, 2024, or upon default. The funds will be allocated towards the initial $100,000 requirement for a five BC mineral claims option, which costs $1 million in total. Amarc aims to conduct geophysical work on these claims immediately, as they hold significant potential for developing copper-gold deposits.
Amarc Resources Ltd. (OTCQB:AXREF) is set to participate in the 2022 Prospectors and Developers Association Conference from June 13-15 at the Toronto Convention Centre. Delegates are encouraged to visit Booth #3240 to engage with President and CEO Diane Nicolson and Executive Chair Bob Dickinson regarding recent organizational advancements and the strategic plans for Amarc's 100%-owned copper-gold districts in British Columbia, including the JOY, IKE, and DUKE areas. These districts are highlighted by four known deposits and ten further exploration targets.
Amarc Resources Ltd. announced a $100,000 increase to an existing $1 million loan from a director and major shareholder, now totaling $1.1 million. The unsecured loan will incur a 10% annual interest and is due by November 26, 2024, or upon financing milestones. In return, Amarc will issue 1,176,470 warrants at $0.085 per share. Proceeds will fund a $100,000 option requirement for mineral claims, with an additional $900,000 payable over the next nine years. The company focuses on developing high-value porphyry copper-gold mines in British Columbia.
Amarc Resources Ltd. (TSXV:AHR, OTCQB:AXREF) announced its participation in the 2022 Vancouver Resource Investment Conference on May 17-18, showcasing its 100%-owned copper-gold districts in British Columbia, including the JOY, IKE, and DUKE. The company aims to advance four copper-gold deposits and ten drill-ready targets. Notably, CJ Greig, a key technical advisor, received the A.O. Dufresne Exploration Achievement Award for his contributions to mining exploration. Forward-looking statements caution potential risks, including market and environmental factors that could impact project timelines.
Amarc Resources Ltd. (AXREF) announced that Mark Rebagliati, the Technical Advisor and Executive VP of Exploration for Hunter Dickinson Inc., received the prestigious J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum. The award ceremony took place on May 2, 2022. Rebagliati has an impressive history of mineral discoveries including the IKE Deposit and has been recognized multiple times for his contributions to mineral exploration. Amarc focuses on developing high-value porphyry copper-gold mines in British Columbia.
Amarc Resources Ltd. (TSXV:AHR) has granted 3.46 million incentive stock options to service providers to acquire common shares at $0.12 each, with a vesting period over 24 months. Of these, 50% are granted to insiders. This move is a part of Amarc's strategy to develop high-value copper-gold mines in British Columbia, focusing on its IKE, DUKE, and JOY districts, which show significant potential for major deposits. Each district offers access to crucial industrial infrastructure, enhancing their development prospects.
Amarc Resources Ltd. announced promising assay results from its 2021 drill program in the JOY Cu-Au District, partnered with Freeport-McMoRan. The program included nine holes totaling 4,300 m. Key findings from the PINE Deposit include intercepts of 101.90 m with 0.56% CuEQ and significant extensions of mineralization depth. Following extensive geophysical surveys, additional Cu-Au targets have been identified for further drilling, with aggressive testing planned for 2022. Freeport's financial backing has been confirmed for continued exploration.
Amarc Resources Ltd. has appointed Dr. Roy Greig as its new Vice President of Exploration. Dr. Greig's extensive experience in porphyry Cu-Au systems enhances the company's leadership team and its exploration efforts in British Columbia. He takes over from Mark Rebagliati, who will remain as a technical advisor. The appointment aims to strengthen Amarc's initiatives in discovering and developing its three major Cu-Au districts. The company is focused on responsible mineral exploration and development, with robust relationships with local communities.
Amarc Resources Ltd. is participating in the 2021 AME Roundup Conference on January 31 and February 1, showcasing its three major, 100%-owned copper-gold districts in British Columbia: IKE, JOY, and DUKE. These districts feature four known deposits ready for development and ten additional targets poised for drilling. Conference attendees can visit booth #614 or contact CEO Diane Nicolson for meetings. The company notes that forward-looking statements regarding project developments are subject to various risks, including market prices and regulatory approvals.
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