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 announced the commencement of extensive core drilling at its 100%-owned JOY Copper-Gold District in British Columbia. Partnered with Freeport-McMoRan, this fully-funded program aims to discover porphyry Cu-Au deposits across eight large drill-ready sulphide mineralized systems. Focused on the PINE, Canyon, Twins, and SWT Targets, the program includes testing new and existing mineralized zones, such as NWG and the MEX Trend. Previous drilling has shown promising results with notable Cu, Au, and Ag concentrations. The program is a culmination of two years of geological, geophysical, and geochemical studies, designed to uncover significant mineral deposits.
Amarc Resources has resumed drilling at its DUKE porphyry copper-gold district in British Columbia. The summer focus is on the SVEA Deposit Target and the JO porphyry Cu-Au discovery. Initial results from historical drill holes and recent surveys show promising potential for substantial Cu-Au mineralization.
During the 2024 winter, nine drill holes totaling 4,828.2 meters were completed at the DUKE Deposit. Seven of these intersected significant Cu-Mo mineralization. Notable results include:
- 71m of 0.45% CuEQ in hole DK24033
- 110m of 0.38% CuEQ in hole DK24034
- 203m of 0.28% CuEQ in hole DK24035
- 48m of 0.34% CuEQ in hole DK24036
- 208m of 0.26% CuEQ in hole DK24037
Boliden Mineral Canada is continuing its earn-in agreement with a $10 million budget for 2024.
Amarc Resources announces its executive team's participation in two conferences in May 2024. The company will be presenting at the Metals Investor Forum Vancouver on May 10-11 and attending the 121 Mining Investment London Conference on May 15-16. Dr. Diane Nicolson, President & CEO, will lead the presentations and meetings at both events, showcasing Amarc's extensive Cu-Au Districts in British Columbia with funding secured for exploration drilling in 2024.
Amarc Resources is set to begin an extensive 2024 drilling program at its JOY Copper-Gold District in British Columbia funded by Freeport-McMoRan. The program aims to discover porphyry Cu-Au deposits and build upon previous geological surveys. The NWG Copper-Gold Porphyry Target, a new exciting prospect, shows strong scientific evidence for a potential porphyry system with multiple mineral anomalies. The drilling program is scheduled to begin in June, focusing on various mineral systems across the JOY District.
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