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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.
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Amarc Resources Ltd. (TSXV:AHR; OTCQB:AXREF) has announced the successful completion of its Phase 1 core drilling program at the DUKE porphyry Cu-Au district in central British Columbia. The program utilized three drill rigs, culminating in 11,070 meters across 24 core holes. Two rigs targeted the DUKE Cu-Mo-Ag-Au Deposit, while the third focused on a significant 4.7 km² IP chargeability anomaly indicative of a mineral-rich sulfide system. The combined Phase 1 and 2 exploration programs for 2023 are budgeted at $10 million, fully funded under a partnership with Boliden Mineral Canada Ltd.. Initial drilling results show substantial copper, molybdenum, gold, and silver mineralization. Future exploration efforts will include extensive surface surveys targeting ten prioritized porphyry copper deposits.
Amarc Resources has announced positive drilling results from the PINE Deposit and scout drilling at its JOY District in British Columbia, confirming extensive porphyry Cu-Au mineralization. The 2022 drilling program included 37 core holes totaling 15,427 meters, significantly expanding the PINE Deposit to a 1,700 m strike length and identifying new mineralization at the Canyon target. Highlights include notable intercepts such as 204 m of 0.42% CuEQ. Freeport-McMoRan has invested approximately $20 million into the project, underlining a strong exploration potential within the JOY District, comprising eight extensive deposit targets.
Amarc Resources Ltd. (OTCQB:AXREF) announces its participation in key conferences in March 2023, including the 2023 PDAC Conference from March 5-9 in Toronto and a virtual KINvestor Green Future Conference on March 28. CEO Dr. Diane Nicolson will present at both events. The company's copper-gold districts in British Columbia, including the JOY and DUKE districts, are primed for development, with ongoing drilling activities and partnerships with Freeport-McMoRan and Boliden. These agreements could bring in $200 million in non-dilutive funding for exploration and development.
Amarc Resources Ltd. announced positive results from ongoing drilling at the DUKE Deposit in British Columbia. Recent drilling, including hole DK22010, revealed 309 m of 0.42% CuEQ within 557 m of 0.36% CuEQ. This confirms the mineralization potential of the deposit, which remains open for further expansion. The DUKE District is located in a historically productive area, and partner Boliden Mineral Canada Ltd. is investing CDN$90 million in exploration. Drilling plans have been expanded to explore further targets in the surrounding area.
Amarc Resources Ltd. (TSXV:AHR, OTCQB:AXREF) announced positive assay results from the first drill hole (DK22009) of its 2022-2023 drilling program at the DUKE Deposit in British Columbia. The drill hole intercepted significant Cu-Mo-Au-Ag mineralization, with highlights including 542 m of 0.33% CuEQ, 183 m of 0.43% CuEQ, and 126 m of 0.52% CuEQ. The results indicate that mineralization extends deeper than previously identified. The current drill program, funded under an agreement with Boliden Mineral Canada Ltd., aims to explore multiple targets in the DUKE District. Amarc continues to operate two core rigs on-site, with ongoing drilling and surface programs planned for the year.
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Amarc Resources Ltd. has resumed core drilling at its 100%-owned DUKE porphyry Cu-Au district in British Columbia after a holiday break. This drilling is part of a fully-funded program under an agreement with Boliden Mineral Canada Ltd., which may earn up to a 70% stake by investing $90 million. An initial investment of $5 million is committed for 2023. The drilling will delineate the DUKE Deposit and explore a surrounding 3 km² chargeability anomaly. Previous drilling indicated significant copper and gold mineralization and identified 12 additional targets. The program aims to enhance understanding and development of this promising resource area.
Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) has announced its participation in three conferences in Vancouver this January 2023, highlighting its executive team's involvement. The events include the 2023 AME Roundup Conference, Metal Investors Forum, and Vancouver Resource Investment Conference.
Amarc's extensive copper-gold districts in British Columbia feature four deposits and ten targets primed for exploration. Significant progress was made at the JOY District with major drilling completed in 2022, and an agreement with Boliden at the DUKE District has been initiated. Amarc aims for partnerships with Freeport and Boliden, who can earn substantial interests by funding up to $200 million in staged expenditures.