Welcome to our dedicated page for Amarc Res news (Ticker: AXREF), a resource for investors and traders seeking the latest updates and insights on Amarc Res stock.
Amarc Resources Ltd. (OTCQB: AXREF) generates a steady flow of news as it advances multiple porphyry copper-gold exploration districts in British Columbia. Company releases focus on drilling results, project milestones and funding developments across its JOY, DUKE and IKE Cu±Au districts.
A key source of recent news is the JOY District in the Toodoggone-Kemess region of north-central BC. Amarc and its partner Freeport-McMoRan Mineral Properties Canada Inc. have reported the discovery and ongoing expansion of the high grade, near surface AuRORA Cu-Au-Ag deposit, along with work on the PINE and Brenda historical deposits and the TWINS and Canyon discoveries. News items detail step-out drilling, assay results, geophysical surveys and the evolution of JOY into what the company describes as a potential world-class porphyry Cu-Au district.
At the DUKE District in central BC, funded by Boliden Mineral Canada Ltd., Amarc issues updates on district-wide drilling and target generation. Releases describe scout drilling at the JO, C4 and Svea targets, expansion drilling at the DUKE Cu-Mo-Ag deposit, and the use of induced polarization, magnetics and geochemistry to identify additional Cu-Au targets across the 732 km² district.
News from the IKE District covers drilling and technical work at the IKE Cu-Mo-Ag deposit and the higher-grade Empress Cu-Au deposit. Company communications also include corporate updates such as executive appointments and conference participation, as well as commentary on copper and gold market dynamics in the context of electrification and critical minerals strategies.
Investors and observers following AXREF news can expect detailed technical results, updates on earn-in stages with Freeport and Boliden, and ongoing information about Amarc’s exploration progress in British Columbia.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) announces its participation at the 2025 PDAC Conference from March 2-5 in Toronto, where it will showcase its AuRORA high-grade Cu-Au-Ag discovery made in collaboration with Freeport-McMoran. The discovery, located within the company's 100% owned 495 km² JOY District, was initially announced in January 2025.
The company will be present at Booth #2850 in the Investors Exchange. Dr. Jim Lang will deliver a technical presentation about geological considerations for porphyry Cu-Au exploration in the JOY District on March 2. Visitors can meet with CEO Dr. Diane Nicolson, Hall of Fame Inductee Mark Rebagliati, and Dr. Jim Lang to discuss Amarc's JOY, DUKE, and IKE Districts and examine drill core from the AuRORA discovery.
The company plans to conduct 29,000 meters of drilling in 2024 across its three districts in British Columbia.
Amarc Resources (AXREF) has signed a mineral property option agreement with Canasil Resources to acquire 100% interest in 22 mineral claims adjacent to its JOY tenure and east of its AuRORA copper-gold-silver discovery. The 5-year option requires annual payments of $400,000, with purchase prices ranging from $8 million in year one to $12 million in year five.
The claims are subject to a 2% net smelter returns royalty, with an option to acquire half for $5 million before commercial mining operations or $10 million after. The property falls within the Amarc-Freeport-McMoran agreement area and will be offered as part of the JOY District.
The 44.5 km² Brenda Property is surrounded by Amarc's JOY mineral tenures and shares the same geological setting as AuRORA. Historical exploration revealed promising results, including an intersection of 78m grading 0.61 g/t Au and 0.10% Cu from 110m in hole BR-07-05.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced that President and CEO Dr. Diane Nicolson will present at the Kinvestor Mining & Energy Conference 2025 on February 12, 2025, at 12 pm PT. The presentation follows the company's January 2025 announcement of discovering the new high-grade AuRORA gold-rich porphyry copper-gold-silver deposit in the JOY Copper-Gold District in north-central British Columbia.
In 2024, Amarc completed extensive programs across its BC projects, investing $23 million in 29,000m of drilling and various surveys. Key activities included:
- 16,883m of core drilling across 40 holes at JOY District
- 4,828m in nine holes at DUKE District
- 5,815m in 19 holes testing District Cu-Au targets at DUKE
- Nine holes testing the Empress Cu-Au Deposit at IKE District
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced additional drill results from its AuRORA copper-gold-silver deposit discovery at the JOY Copper-Gold District in British Columbia. The drilling program, fully funded by Freeport-McMoRan, revealed significant high-grade intersections including:
- Hole JP24060: 129.90m at 1.98% CuEQ (2.40 g/t Au, 0.61% Cu, 5.3 g/t Ag)
- Hole JP24073: 219.00m at 0.80% CuEQ (0.98 g/t Au, 0.24% Cu, 2.0 g/t Ag)
- Hole JP24075: 265.65m at 1.02% CuEQ (1.24 g/t Au, 0.31% Cu, 3.4 g/t Ag)
The results confirm the continuity of the Au-rich mineralized system from east to west, vertically, and to the north, starting near the surface. The deposit remains open for expansion in all horizontal directions. The discovery is located within the Northwest Gossan Target area, which features a 3.7 km² IP anomaly with coincident Cu, Au, Mo, and Ag anomalies.
Amarc Resources (TSX-V:AHR)(OTCQB:AXREF) announced its participation in three major mining conferences in Vancouver during January 2025. The company will showcase its recent AuRORA discovery in the JOY District, where the first hole (JP24057) revealed a new porphyry Cu-Au-Ag system with high gold grades.
The company will present at the Metal Investors Forum Vancouver (January 17-18), the Vancouver Resource Investment Conference (January 19-20), and the 2025 AME Roundup Conference (January 20-23). At these events, President & CEO Dr. Diane Nicolson will deliver corporate presentations, and the company will display drill core from the AuRORA Deposit discovery at the Core Shack.
The AuRORA discovery is one of eight large-scale sulphide mineralized systems drilled in the JOY District in 2024, with step-out holes to the east and west showing strong and consistent results.
Amarc Resources (AXREF) has announced the discovery of a new high-grade gold-rich porphyry copper-gold-silver deposit named 'AuRORA' at its JOY Copper-Gold District in British Columbia. The discovery, made in collaboration with Freeport-McMoRan, revealed significant mineralization from initial drilling results.
Key highlights include drill hole JP24074 intersecting 162m of 2.19 g/t Au, 0.63% Cu, and 7.0 g/t Ag. The AuRORA deposit is located within the Northwest Gossan Target area, spanning a 3.7 km² zone. The discovery hole JP24057 and six other holes drilled at 100m intervals established a 600m wide zone of porphyry mineralization from near surface.
The company completed 33 additional scout holes across eight porphyry Cu-Au targets within the JOY District. The exploration program included 290 line-km of IP surveying and collection of 8,400 soil and 1,500 rock samples.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced a Third Loan Amendment Agreement with a director and significant shareholder of the company. The agreement extends the repayment date of a $1,000,000 loan from November 26, 2024, to November 26, 2025. All other terms of the loan remain unchanged.
Amarc Resources announces Boliden's continued earn-in commitment for the DUKE Copper-Gold District project through 2025, with a $10 million budget. The 2024 program included extensive drilling and surface surveys, with delineation drilling at the DUKE Deposit revealing Cu-Mo mineralization and potential additional mineralization zones. The summer program completed over 5,800m of core drilling.
The DUKE District, located 80 km northeast of Smithers in British Columbia's Babine Region, is under a Mineral Property Earn-In Agreement with Boliden, who can earn up to 70% interest by funding $90 million in exploration and development. By 2024 year-end, Boliden will have contributed $20 million to the exploration program.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has completed extensive 2024 drilling programs across its three copper-gold districts in British Columbia. At JOY District, the company completed 16,883m of drilling in 40 holes, funded by Freeport with an expected $12 million investment. At DUKE District, 10,643m were drilled in 28 holes across two phases, funded by Boliden with approximately $10 million investment. At IKE District, Amarc self-funded a $2.9 million program, including 1,873m of drilling in 9 holes, focusing on the Empress Cu-Au Deposit. The company completed extensive geophysical and geological surveys across all districts, with results pending release in the coming months.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has completed a successful environmental collaboration at the JOY District in north-central British Columbia. The project, undertaken in partnership with Tsay Keh Dene Nation, Kwadacha Nation, and Takla Nation, focused on reclaiming two historical exploration camp sites abandoned by previous operators.
The reclamation was carried out at the Stealth and Pine exploration camps, with Chu Cho Industries providing labor and equipment at Stealth, and Kwadacha Nation assisting at Pine. Amarc and Freeport-McMoRan Mineral Properties Canada Inc., who are advancing JOY, demonstrated their commitment to environmental protection and responsible mineral development through this initiative.
A video showcasing the environmental reclamation is now available on the Amarc website, highlighting the collaborative effort and successful outcome of the project.