Historical drilling at the Newton property tested for porphyry-style copper mineralization with low grade copper results. However, Amarc's examination of the historical drill core and gold analyses revealed an extensive area characterized by geologically significant concentrations of gold with anomalous silver, copper and zinc. In addition, four historical drill holes (06-12, 06-03, 92-04 and 06-11) positioned on the easternmost side of all the historical drilling, intercepted 105 metres of 1.15 g/t gold (including 41 metres at 2.49 g/t gold), 95 metres of 0.52 g/t gold, 60 metres of 0.69 g/t gold and 46 metres of 0.54 g/t gold, respectively.

Amarc believes these historical holes indicate a compelling drill target comprised of a well mineralized and open ended large-scale, open-pit style gold system. Preliminary results from the 2009 field program indicate that Newton may host a significant new gold discovery in BC.

Under the terms of the August 12, 2009 Newton Agreement, signed with High Ridge Resources Inc., Amarc has the right to acquire an 80% interest in the Newton property by expending $5 million on the project. On exercise of the option by Amarc, the two parties will further develop the project through an 80:20 joint venture. The claims held under the Newton Agreement are subject to a 2% net smelter royalty, which may be purchased for $2 million. Annual advance royalty payments of $25,000 apply starting in 2012.

Newton: BC Location Map Click to Enlarge