|September 18, 2014|
Amarc Provides Exploration Progress Update on IKE Porphyry Target in British Columbia
|September 18, 2014, Vancouver, BC -- Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AHR) announces that further to information provided in the Company's MD&A dated August 14, 2014, an exploration drill program has recently been completed at IKE. IKE is a compelling porphyry copper-molybdenum-silver deposit target located approximately 40 kilometres northwest of Gold Bridge, British Columbia. |
The nine hole (5,400 metres) core drilling program was designed as an initial test to confirm if IKE is an important porphyry system, deserving of more detailed exploration work going forward. Chalcopyrite and molybdenite mineralization was observed by site geologists in varying amounts and continuities in a number of the holes drilled. All core samples have been delivered to the assay laboratory and assay results are expected to be received, compiled and released within a month.
Also as provided in the Company's MD&A dated August 14, 2014, Amarc has acquired two new mineral tenures adjacent to the IKE mineral property. The Company can acquire a 70% interest in the Galore claims and has acquired a 100% interest in the Great Quest claims (see www.amarcresources.com for details of these mineral claim acquisitions). The Company believes that these additional mineral tenures have the potential to host bulk tonnage copper-molybdenum (silver and gold) porphyry mineralization. The Company is currently in the process of compiling a large quantity of historical data from these additional holdings.
About the IKE Property
Amarc has the right to acquire a 100% interest in the IKE mineral property from two individuals. Based on historical field programs, including limited drilling by previous operators, IKE is a compelling, important scale, copper-molybdenum-silver porphyry target. Three key historical drill holes (81-02, 11-1 and 11-2) spaced 220 metres apart intercepted long intervals of continuous, chalcopyrite and molybdenite, mineralization with encouraging grades. These intersections include: 182 metres of 0.42% copper equivalent (CuEQ)1 comprising 0.31% Cu, 0.022% Mo and 1.9 g/t Ag; 64 metres of 0.51% CuEQ, comprising 0.37% Cu, 0.024% Mo and 4.7 g/t Ag; and 116 metres of 0.46% CuEQ comprising 0.29% Cu and 0.043% Mo. All three of these historical holes ended in mineralization.
About Amarc Resources Ltd.
Amarc is a Vancouver-based mineral exploration and development company with an experienced and successful management team that is focused on making the next major copper porphyry deposit discovery in British Columbia ("BC"). Amarc's primary asset is the IKE property which is located in central BC, the heartland of the Province's copper mining industry. Amarc is now waiting for assays from an initial and recently completed, 9 drill hole (5,400 metres) test of the IKE target. All assay results from this program are expected to be received, compiled and released within one month's time.
Amarc is associated with Hunter Dickinson Inc. ("HDI") a diversified global mining company with a 25 year history of porphyry discovery and development success. Previous and current HDI porphyry projects, which include some of BC's and also the world's most important mineral resources, are Mt. Milligan, Kemess, Gibraltar, Prosperity, Xietongmen, Florence, Sisson, Maggie and Pebble. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties to provide superior returns to shareholders.
Mark Rebagliati, P. Eng., a Qualified Person as defined under National Instrument 43-101, 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.
ON BEHALF OF THE BOARD
Robert A. Dickinson
1Copper equivalent (CuEQ) calculations used metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20/oz.
Metallurgical recoveries and net smelter returns are assumed to be 100%.
You can view the Next News Releases item: Mon Nov 24, 2014, Amarc Reports Significant Copper-Molybdenum-Silver Porphyry Discovery at IKE, South-Central British Columbia
You can view the Previous News Releases item: Fri Dec 13, 2013, Amarc Acquires An Important Copper-Molybdenum-Silver Porphyry Target In British Columbia
You can return to the main News Releases page, or press the Back button on your browser.