Tue Jan 19, 2010 Amarc Announces More Significant Results For The Newton Gold Discovery, Stakes Substantial Land Position & Launches Aggressive 2010 Program
January 19, 2010, Vancouver, BC - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR, OTCBB: AXREF) announces that assay results received from the last seven holes of a 14-hole diamond drill program, completed in late 2009, continue to confirm that the Newton Property holds excellent potential to delineate an important bulk-tonnage gold deposit that could support an open pit-style mining operation. All significant assay results from the 14-hole discovery program are shown in the table below (the first 7 holes were announced in the Company's December 8, 2009 release). The gold system remains open in all directions (see maps at www.amarcresources.com). Amarc has the right to acquire an 80% interest in the Newton Property from High Ridge Resources Inc.
The Company also announces that it has staked some 1,300 square kilometres of additional mineral claims over an underexplored and highly prospective gold-copper belt extending south from the Newton Property. This newly staked land package is owned 100% by Amarc and is bordered to the west by the advanced, permitting-stage Prosperity gold-copper project. The 830 million tonne Prosperity deposit is one of the largest known porphyry deposits in British Columbia (BC) and contains 4.2 billion pounds of copper and 11 million ounces of gold in proven and probable reserves (Taseko Mines Limited).
Amarc has initiated a 7,000 line-kilometre airborne geophysical survey over the Newton Property, other regional anomalies and the recently staked land package. It will also undertake extensive Induced Polarization (IP) surveys on the Newton Property to help trace the newly discovered gold deposit and to guide an aggressive drill campaign in 2010. "The discovery of an important new bulk-tonnage style gold system at Newton, one that could represent a new deposit type for BC within a previously unrecognized gold district, is certainly exciting in its own right," said Amarc Executive Chairman Bob Dickinson. "What Amarc's geologists have found since announcing the first set of assay results from Newton last month is equally compelling."
By reviewing public domain geochemical data, the Amarc team has identified a significant new gold and coincident multi-element geochemical anomaly some 30 kilometres southeast of Newton. This anomaly has a multi-element signature similar to that associated with the Newton discovery. Because of the favourable regional geology, geochemistry and the fact that porphyry deposits worldwide typically occur in clusters, Amarc believes that Newton, and the entire land package, has great potential for the discovery of significant gold-copper mineralization. The Company is immediately launching exploration efforts to identify priority drill targets.
Amarc's 2009 initial drill program at Newton returned broad, continuous intervals of bulk-tonnage style gold, silver, copper and zinc mineralization. Significant intervals of gold, silver, copper and zinc mineralization from the 14-hole drilling program are shown in the table below.
Drill
Hole ID
Incl.
Hole
Dip (degrees)
Hole
Direction (degrees)
From (m)
To (m)
Int. (m)
Au (g/t)
Ag (g/t)
Cu (%)
Zn (%)
AuEQ1 (g/t)
9001
-45
90
3.0
39.0
36.0
0.60
0.9
0.01
0.00
0.63
9001
-45
90
228.0
297.0
69.0
1.41
10.9
0.12
0.05
1.85
9001
incl.
-45
90
233.1
234.0
0.9
11.19
22.2
0.21
0.87
12.49
9001
incl.
-45
90
252.8
297.0
44.2
1.74
15.9
0.17
0.02
2.34
9001
-45
90
441.0
477.0
36.0
0.34
0.6
0.03
0.01
0.42
9002
-90
0
222.0
255.2
33.2
0.96
2.8
0.07
0.01
1.16
9002
incl.
-90
0
234.0
252.0
18.0
1.10
3.3
0.09
0.01
1.33
9003
-90
0
3.0
224.5
221.5
0.60
5.6
0.07
0.08
0.87
9003
incl.
-90
0
18.0
39.0
21.0
0.71
2.3
0.01
0.00
0.77
9003
incl.
-90
0
96.0
224.5
128.5
0.84
8.9
0.10
0.13
1.26
9003
and
-90
0
156.0
198.0
42.0
1.25
16.8
0.20
0.11
1.98
9004
-90
0
6.0
195.0
189.0
1.56
7.9
0.08
0.17
1.95
9004
incl.
-90
0
54.0
195.0
141.0
2.01
10.0
0.10
0.22
2.49
9004
and
-90
0
96.0
195.0
99.0
2.76
12.2
0.12
0.26
3.36
9004
and
-90
0
126.0
195.0
69.0
3.79
9.1
0.08
0.30
4.26
9004
and
-90
0
129.0
132.0
3.0
13.47
14.4
0.17
0.12
14.10
9004
and
-90
0
168.9
195.0
26.1
5.54
12.5
0.07
0.31
6.08
9005
-90
0
12.0
27.0
15.0
0.32
1.4
0.04
0.02
0.43
9005
-90
0
41.0
54.0
13.0
0.44
4.4
0.06
0.30
0.81
9005
-90
0
76.0
163.2
87.2
0.50
7.1
0.03
0.55
1.01
9005
incl.
-90
0
88.0
89.0
1.0
16.56
221.6
0.30
2.55
22.38
9005
-90
0
279.0
303.0
24.0
0.34
0.8
0.07
0.01
0.48
9006
-90
0
9.0
306.5
297.5
0.26
2.3
0.03
0.13
0.44
9006
incl.
-90
0
78.0
192.2
114.2
0.32
3.7
0.03
0.25
0.60
9006
incl.
-90
0
264.0
306.5
42.5
0.43
0.6
0.05
0.01
0.53
9007
-90
0
48.0
252.0
204.0
0.33
4.5
0.05
0.11
0.57
9007
incl.
-90
0
48.0
66.0
18.0
0.49
1.9
0.04
0.02
0.60
9007
incl.
-90
0
135.0
216.0
81.0
0.46
8.0
0.07
0.20
0.85
9007
and
-90
0
183.0
216.0
33.0
0.62
13.4
0.12
0.16
1.17
9008
-90
0
18.0
42.0
24.0
0.44
6.4
0.07
0.07
0.73
9008
-90
0
123.7
129.0
5.3
0.44
8.0
0.08
0.44
1.00
9009
-90
0
15.0
147.9
132.9
0.25
5.9
0.02
0.28
0.55
9009
incl.
-90
0
66.0
114.0
48.0
0.36
6.3
0.02
0.28
0.68
9010
-90
0
35.4
189.0
153.6
0.29
3.0
0.03
0.23
0.52
9010
incl.
-90
0
35.4
69.0
33.6
0.52
3.2
0.05
0.06
0.72
9011
-90
0
83.4
207.0
123.6
0.44
2.3
0.04
0.11
0.62
9011
incl.
-90
0
149.0
207.0
58.0
0.60
2.4
0.04
0.06
0.75
9011
and
-90
0
186.0
207.0
21.0
1.13
2.9
0.05
0.01
1.28
9012
No reportable intercepts
9013
No reportable intercepts
9014
-90
0
72.0
210.0
138.0
0.74
4.2
0.06
0.05
0.95
9014
incl.
-90
0
147.0
210.0
63.0
1.17
6.8
0.08
0.05
1.47
9014
and
-90
0
168.0
207.0
39.0
1.45
6.5
0.10
0.06
1.79
9014
and
-90
0
204.0
207.0
3.0
11.70
50.8
0.45
0.06
13.44
1 Gold equivalent calculations use metal prices of Au US$900/oz, Ag US$15/oz, Cu US$2.50/lb and Zn US$0.80/lb
Metallurgical recoveries and net smelter returns are assumed to be 100%.
AuEQ = (Au g/t) + (Ag g/t x 0.482/28.94) + (Cu % x 55.12/28.94) + (Zn % x 17.64/28.94).
Delineating the bulk-tonnage style gold, silver, copper and zinc system at the Newton Property is a priority for Amarc. The Company plans to establish a year-round base camp at Newton in 2010, and will initiate an IP survey early in the year to assist in guiding a major drill campaign. Permit applications for these activities have already been submitted to the BC government.
Amarc has contracted Geotech Ltd to undertake a 7,000 line-kilometre helicopter-borne ZTEM (Z-Axis Tipper Electromagnetic system) geophysical survey over the entire district. Identifying the geophysical signature of the Newton mineralization and other known mineral occurrences in the region is a priority. Once these signatures are established, Amarc will utilize comparative data to assist in the definition of previously unrecognized targets within the total 1,500 square kilometre mineral tenure. ZTEM target definition will assist in focusing ground exploration activities and the development of priority drill targets.
The ZTEM geophysical technology is an innovative airborne electromagnetic system that provides unparalleled resolution and depth of investigation -- detecting conductors more that one kilometre below surface. High-sensitivity magnetometer data will also be collected concurrently with electromagnetic data. Amarc's planned 2010 program will be one of the largest airborne geophysical surveys ever undertaken in BC by an exploration company (see maps at www.amarcresources.com).
The Newton Project and regional gold-copper belt are located approximately 100 kilometres southwest of the City of Williams Lake, within the Chilcotin region of south-central British Columbia - an area well served by regional infrastructure. The Newton gold discovery is located approximately 40 kilometers to the north of the Prosperity copper-gold development project, which received environment approval from the BC government on January 14, 2010. Particularly given the downturn in the forest industry and the impact of pine beetle infestation on Chilcotin forests, investment in mineral development enjoys broad public support in Williams Lake and surrounding communities.
Amarc Resources Ltd. is a Vancouver-based exploration and development company affiliated with the Hunter Dickinson group, a private company associated with a series of successful mineral exploration and development projects in BC.
Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Amarc and has reviewed the content of this release. Information on the analytical procedures is available on the Company's website under Exploration Programs. For further details on Amarc Resources Ltd., please visit the Company's website at www.amarcresources.com or contact Investor Services at (604) 684-6365 or in North America at 1-800-667-2114.
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