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Amarc Resources Ltd.
Summary
| Project: | DUKE | |
|---|---|---|
| Deposit: | DUKE | |
| Location: | Canada | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 6/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-6-2018: Amarc Resources Ltd. announces an Exploration/Drilling Update report for its DUKE deposit at the DUKE project. Drilling results incl. 330m @ 0.22% Cu, 0.019% Mo, 1.0g/t Ag, 0.04g/t Au from 14m. June 12, 2018, Vancouver, BC – Amarc Resources Ltd | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Rebagliati (Not stated) | |
| ABSTRACT: | June 12, 2018, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF) is pleased to announce the results of a recently completed, successful six core hole (3,060 m) drill program at its 100% owned DUKE copper-molybdenum-silver-gold porphyry project. In addition, the Company is pleased to report plans for the upcoming exploration programs at its IKE and JOY porphyry copper projects. Please see the corporate presentation available on Amarc’s website at www.amarcresources.com. The DUKE deposit discovery is located 80 km northeast of Smithers in central British Columbia (“BC”) and 30 km north of former mines (Bell and Granisle) operated by Noranda Mines. The surrounding 288 km2 porphyry copper district, now covered by Amarc minerals claims, hosts multiple additional porphyry copper exploration targets. The six new drill holes (DK18003 through DK18008) completed at DUKE were designed to begin delineating the geometry and grade distribution of extensive porphyry copper-style mineralization discovered by two holes (DK17001 and DK17002) completed by Amarc in late 2017 (see December 19, 2017 news release). Seven of the eight holes drilled have successfully outlined porphyry copper-style mineralization over an area currently measuring approximately 400 m north-south by 600 m east-west, and open to expansion in all directions. The deposit lies below flat-lying glacial till, which varies from 4 m to 18 m thick in the holes drilled, with mineralization extending to the depth of drilling – over 360 m deep. Mineralization is mainly hosted by biotite-feldspar-porphyry intrusions into volcanic rocks. These rock types also host the Bell, Morrison and Granisle porphyry copper deposits in the region. | |
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