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Amarc Resources introduces the JO porphyry copper-gold discovery in the Duke District, highlighting multiple new drill-ready targets discovered in central British Columbia. The success of the 2023 exploration program led to the identification of new porphyry Cu-Au centers. Boliden Mineral Canada funded $10 million in exploration expenditures in 2023 and will continue in 2024 with an additional $10 million. The 2023 field program employed various surveys to identify porphyry Cu-Au deposit targets. The JO Target discovery, located near the SVEA and DUKE deposits, shows promising attributes for potential mineralization. A reconnaissance drilling program is planned for the 2024 summer season.
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Amarc Resources grants 6.4 million incentive stock options at $0.105 per share, with 5.5 million going to insiders. The options are for periods of three to five years and subject to TSX Venture Exchange approval.
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Amarc Resources Ltd. appoints Paul Johnston, PhD, P.Geo., as the new Vice President of Exploration, replacing Dr. Roy Greig. Johnston's extensive experience in leading technical teams and managing exploration projects will be pivotal as Amarc advances drilling programs across its copper-gold districts in 2024. Johnston's background includes working in porphyry copper environments in Peru and Chile, and his previous roles at Teck Resources and Element 29 Resources Inc. showcase his expertise in exploration and project development. Amarc expresses gratitude to Roy Greig for his contributions and looks forward to his continued consultancy.
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Amarc Resources Ltd. announces executive team participation at three conferences in March 2024, including the Metal Investors Forum Toronto. Dr. Diane Nicolson, President & CEO, will present a corporate presentation on March 1.
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Amarc Resources Ltd. announces the commencement of an extensive 2024 drill program at its 100% owned DUKE Copper-Gold district in central British Columbia. The $10 million program will be funded by Boliden, with Amarc as the project operator. The DUKE District is hosted in the Babine Porphyry Cu-Au Region, with potential for discovery of new large porphyry Cu deposits. The 2022-2023 drilling successfully expanded the DUKE Deposit porphyry Cu-Mo-Ag-Au system, and encouraging intercepts suggest additional discovery potential. Amarc has entered into a Mineral Property Earn-In Agreement with Boliden, giving Boliden an option to earn up to a 70% interest in the DUKE District by funding exploration and development expenditures.
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Amarc Resources Ltd. reports positive results from comprehensive surveys across the prospective 722 km2 DUKE district in central British Columbia, identifying multiple porphyry copper-gold mineral systems. Boliden Mineral Canada Ltd. funded $10 million in exploration expenditures and will continue its earn-in during 2024. Sixteen prospective deposit target areas were selected for 2023 field assessment, defining six deposit targets for drill testing and a pipeline of additional porphyry copper-gold targets for further assessment. Amarc's 2023 field program significantly advanced and expanded the critical geological, geophysical, and geochemical signatures of the Svea deposit target, indicating excellent potential for important Cu-Au mineralization. The company intends to drill test this exciting emerging target during the summer 2024 drill season.
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Amarc Resources Ltd. announces its participation at three conferences in Vancouver, British Columbia in January 2024. The company will be presenting at the Metal Investors Forum Vancouver and hosting a corporate booth and presentation by Dr. Diane Nicolson, President & CEO.
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Amarc Resources Ltd. (AHR) has achieved significant milestones in 2023, securing full funding for all its projects in 2024. The company's copper-gold porphyry districts are set for extensive drilling this year, thanks to strategic partnerships with Freeport-McMoRan and Boliden Mineral. The $2.77 million international financing and extensive work programs have positioned Amarc for a successful 2024. Positive industry outlook suggests a growing demand for copper, making Amarc's focus on developing high-value copper-gold assets crucial for the market.
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Amarc Resources Ltd. (Amarc) (TSXV:AHR)(OTCQB:AXREF) announces preparations for a $10 million drilling program at its 100% owned DUKE Copper-Gold District in central British Columbia. Boliden Mineral Canada Ltd. will fully fund the program, with drilling to commence in February 2024. The DUKE Deposit and surrounding DUKE Target area will be the initial focus, following positive results from the 2022-2023 drilling program. The DUKE District is located within the mineralized porphyry belts in BC, with significant potential for new large porphyry Cu deposits. Amarc has entered into a Mineral Property Earn-In Agreement with Boliden, allowing Boliden to earn up to a 70% interest in the DUKE District by funding exploration and development expenditures.
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Amarc Resources Ltd. (TSXV:AHR) (OTCQB:AXREF) has completed two private financings, raising $2.77 million through the issuance of 25,000,000 common shares and 4,807,693 five-year share purchase warrants. 15,384,615 shares were issued as Flow-Through shares at $0.13, and 9,615,385 shares were issued as part of non-FT units at $0.08 per unit.
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AMARC RESOURCE LTD
OTC:AXREF
AXREF Rankings
AXREF Stock Data
18.93M
121.74M
33.19%
6.9%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Vancouver