June 18, 2012 Amarc Updates Delineation Drilling At The Newton Gold Discovery
June 18, 2012 - Vancouver, BC - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX Venture: AHR; OTCBB: AXREF) announces assay results from a further 20 delineation drill holes completed at the Newton gold discovery, south-central British Columbia. The new results from the Newton bulk tonnage gold system bring the total number of holes with important gold intercepts to 67. Delineation drilling of the Newton gold discovery commenced in late September 2011 and has progressed rapidly, with the completion of approximately 16,000 metres in 45 diamond drill holes (holes 11044 to 12088). Total drilling of the Newton deposit is now approximately 23,300 metres in 72 holes.
Results from the 20 new delineation holes within the deposit are summarized in the Table of Assay Results below. Significant new intercepts include 204 metres at 0.71 g/t gold and 3 metres at 21.10 g/t gold in holes 82 and 84, respectively. A drill plan and other information regarding the Newton Project are available on Amarc's website: http://www.amarcresources.com/i/ahr/ maps/AHR_NR_Jun2012_large.jpg. The results from three additional drill holes (12086 to 12088) are pending.
NEWTON PROJECT
TABLE OF ASSAY RESULTS
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Drill Hole2 ID
Incl.
From (m)
To (m)
Int.3 (m)
Au (g/t)
Ag (g/t)
AuEQ1 (g/t)
12066
No reportable intercepts
12067
19.5
100.0
80.5
0.32
7.3
0.45
12067
incl.
19.5
55.0
35.5
0.44
6.6
0.55
12067
160.0
250.0
90.0
0.30
2.7
0.35
12068
33.0
39.0
6.0
0.47
1.8
0.50
12068
66.0
162.0
96.0
0.46
2.8
0.51
12068
incl.
126.0
162.0
36.0
0.69
4.0
0.75
12068
and
147.0
162.0
15.0
1.02
5.9
1.12
12068
246.0
252.0
6.0
0.92
2.0
0.96
12069
28.0
102.0
74.0
0.40
3.9
0.47
12069
incl.
63.0
72.0
9.0
0.76
3.8
0.82
12069
incl.
90.0
102.0
12.0
0.56
4.8
0.64
12069
279.0
306.0
27.0
0.49
2.8
0.54
12070
74.0
104.0
30.0
0.38
3.0
0.43
12070
203.0
221.0
18.0
0.35
0.8
0.36
12070
266.0
293.0
27.0
0.80
3.1
0.86
12070
incl.
278.0
293.0
15.0
1.12
4.9
1.20
12071
104.0
113.0
9.0
0.33
0.3
0.33
12071
203.0
218.0
15.0
0.40
1.9
0.43
12072
No reportable intercepts
12073
115.0
124.0
9.0
0.37
0.8
0.38
12074
37.0
46.0
9.0
0.40
2.0
0.43
12075
No reportable intercepts
12076
288.0
459.0
171.0
0.69
2.1
0.73
12076
incl.
321.0
447.0
126.0
0.82
2.2
0.86
12076
and
321.0
342.0
21.0
0.96
4.6
1.04
12076
and
384.0
447.0
63.0
1.07
1.5
1.09
12077
94.0
106.0
12.0
0.33
0.8
0.35
12078
No reportable intercepts
12079
20.2
173.0
152.8
0.70
4.7
0.78
12079
incl.
23.0
53.0
30.0
1.08
9.8
1.24
12079
incl.
116.0
173.0
57.0
0.78
3.8
0.84
12080
No reportable intercepts
12081
130.0
139.0
9.0
0.53
1.2
0.55
12082
38.0
242.0
204.0
0.71
3.1
0.76
12082
incl.
56.0
98.0
42.0
0.84
4.7
0.92
12082
incl.
125.0
131.0
6.0
3.40
6.0
3.50
12082
incl.
158.0
188.0
30.0
0.85
4.2
0.92
12082
incl.
194.0
224.0
30.0
0.82
1.5
0.85
12082
305.0
314.0
9.0
0.52
3.9
0.58
12082
365.0
401.0
36.0
0.42
1.9
0.45
12083
106.0
118.0
12.0
0.66
3.6
0.72
12083
136.0
145.0
9.0
0.36
0.9
0.37
12083
160.0
205.0
45.0
0.57
2.1
0.60
12083
incl.
160.0
184.0
24.0
0.79
1.7
0.82
12083
259.0
289.0
30.0
0.57
4.5
0.64
12084
69.0
72.0
3.0
4.71
1.3
4.73
12084
90.0
99.0
9.0
1.01
8.0
1.14
12084
153.0
195.0
42.0
0.56
3.7
0.62
12084
incl.
156.0
180.0
24.0
0.70
5.0
0.78
12084
243.0
279.0
36.0
2.63
2.4
2.67
12084
incl.
249.0
252.0
3.0
21.10
1.2
21.12
12084
291.0
549.0
258.0
0.44
1.4
0.47
12084
incl.
360.0
432.0
72.0
0.58
1.1
0.60
12084
incl.
507.0
546.0
39.0
0.76
2.2
0.80
12085
No reportable intercepts
1. Gold equivalent calculations use metal prices of Au US$1200/oz and Ag US$20/oz.
Metallurgical recoveries and net smelter returns are assumed to be 100%. 2. All holes are vertical, except for holes 12072, 12074 and 12080 3. Widths reported are drill widths, such that true thicknesses are unknown.
All assay intervals represent length weighted averages.
As reported in the Amarc news release of May 31, 2012 drilling activities on the project have now been placed on standby, so that all assay results and information from on-going geological studies can be compiled and a resource estimate for the Newton deposit completed.
Permits for an extensive Induced Polarization (IP) ground geophysical survey and additional drilling have been received. Two crews have been mobilized to the Newton site to commence IP geophysical surveys around the Newton discovery.
The Newton property is located some 100 kilometres west of the City of Williams Lake, BC, in a region characterized by gently rolling hills. The district is well served by existing transportation and power infrastructure and a skilled workforce, which support a number of operating mines, as well as late-stage mineral development and exploration projects. Newton is also located approximately 175 kilometres south of New Gold's Blackwater gold deposit (Indicated Resources of 174 million tonnes at an average grade of 0.98 g/t gold containing 5.5 million gold ounces; and Inferred Resource of 92 million tonnes at an average grade of 0.78 g/t gold containing 2.3 million gold ounces; New Gold news release March 7, 2012).
About Amarc Resources Ltd.
Amarc is a Vancouver-based mineral exploration and development company focused on making the next major gold discovery in BC. With a strong working capital position of $12 million, its exploration activities are focused on its 100% owned Newton gold discovery and the Galileo property which lies adjacent to New Gold's Blackwater property.
Amarc is associated with Hunter Dickinson Inc. (HDI) -- a diversified, global mining group with a 25-year history of mineral development success. Previous HDI projects in BC include Golden Bear, Mt. Milligan, Kemess, Gibraltar, Prosperity and Harmony. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties to provide consistently superior returns to shareholders.
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 technical content of this release.
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 within North America at 1-800-667-2114.
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