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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 continuation of its earn-in with Freeport-McMoRan into a second drilling season at the JOY Cu-Au District in British Columbia. In 2021, Freeport invested $5.94 million, allowing Amarc to integrate fieldwork results into future exploration programs. Amarc's collaboration with Indigenous groups and local stakeholders is also acknowledged, enhancing community engagement. The company focuses on developing long-life, high-value porphyry copper-gold mines in BC, with ongoing exploration activities promising future opportunities.
Amarc Resources Ltd. announces an increase in investment from Freeport-McMoRan for the JOY Cu-Au District exploration in British Columbia. Year 1 funding for the 2021 exploration program rises from $4 million to $5.94 million. The program has successfully completed nine core holes totaling over 4,300 meters, focusing on the PINE and MEX deposits. Advanced IP surveys reveal significant potential for copper-gold mineralization at various targets. Laboratory results are pending for over 800 samples collected this season, further supporting exploration efforts.
Amarc Resources Ltd. has appointed Jeannine Webb as the new Chief Financial Officer, replacing Sebastian Tang, who resigned to focus on his accounting business. Webb brings over 25 years of experience in the resources sector and has served as CFO for numerous junior resource companies. Dr. Diane Nicolson, President and CEO, expressed confidence in Webb's ability to enhance the company's financial management as they advance their projects. Amarc is focused on developing high-value copper-gold mines in British Columbia, with significant potential across three porphyry districts.
Amarc Resources Ltd. announced a 37.5% increase in funding from Freeport-McMoRan Mineral Properties Canada Inc., raising the first-year contribution from CDN$4 million to CDN$5.5 million for the ongoing exploration at the JOY District in British Columbia. This funding will primarily enhance the diamond drilling program. Amarc aims to advance deposit delineation and assess targets known for copper and gold mineralization. Initial results are expected by the end of summer, as Amarc positions itself for potential significant shareholder value creation.
Amarc Resources Ltd. (TSX-V:AHR)(OTCQB:AXREF) has signed a four-way Exploration Agreement with Takla, Tsay Keh Dene, and Kwadacha Nations for the JOY Cu-Au District in north-central British Columbia. The agreement, promoting responsible mineral exploration, includes provisions for training, employment, and environmental monitoring, ensuring First Nations participation. Amarc has also partnered with Freeport-McMoRan for the JOY District exploration, with plans for a comprehensive drilling program in 2021. The company is focused on developing high-value copper-gold mines in proximity to infrastructure.
Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) highlights a surge in global copper demand driven by renewable energy and electrification technologies. CEO Dr. Diane Nicolson states that a significant supply gap, predicted by Goldman Sachs to reach 8.2 million tonnes by 2030, underscores copper's critical role in achieving carbon-neutrality. Demand from wind, solar, and electric vehicles is expected to rise dramatically, with EV-related copper demand soaring over 1,000%. Amarc's three key copper-gold districts in British Columbia present a strategic position to capitalize on these trends.
Amarc Resources Ltd. (OTCQB:AXREF) has signed a Mineral Property Earn-In Agreement with Freeport-McMoRan, allowing Freeport to acquire up to a 70% stake in Amarc's JOY copper-gold district in British Columbia. The JOY District spans 482 km2 and includes key targets like the PINE and MEX deposits. Freeport plans to invest CDN $35 million over five years, initiating a $4 million program in the first year. Amarc's partnership with Freeport aims to leverage their combined expertise to develop the promising mineral potential of the JOY District sustainably.
Amarc Resources Ltd. has entered into an Exploration Agreement with the Lake Babine First Nation for the DUKE Cu-Au District in British Columbia. The agreement outlines respectful engagement and cooperative planning to ensure mutual benefits. Spanning 704 km2, the DUKE Project boasts a 100% interest held by Amarc and includes significant exploration targets. The company plans to conduct further exploration, supported by local infrastructure. Amarc emphasizes collaboration with indigenous groups for sustainable development and economic opportunities.
Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) will exhibit at the 2021 Prospectors and Developers Association Conference from March 8 to 11. The company invites delegates to visit its virtual booth to discuss developments concerning its 100%-owned copper-gold districts in British Columbia: IKE, JOY, and DUKE. These districts contain four known copper-gold deposits and ten fully permitted porphyry copper-gold targets ready for drilling. Mark Rebagliati, a qualified person, has approved the technical content of this release.
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