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Amarc Resources Ltd.
Summary
| Project: | DUKE | |
|---|---|---|
| Deposit: | DUKE | |
| Location: | Canada | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 12/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2017: Amarc Resources Ltd. announces an Exploration/Drilling Update report for its DUKE deposit at the DUKE project. Drilling results incl. 113m @ 0.25% Cu, 0.014% Mo, 1.4g/t Ag, 0.07g/t Au from 17m. December 19, 2017, Vancouver, BC – Amarc Resource | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Rebagliati (Not stated) | |
| ABSTRACT: | December 19, 2017, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF) is pleased to provide results of its 2017 exploration programs, which focused on advancing development of a new generation of British Columbia (“BC”) porphyry copper mines. Each of its 100% owned IKE, DUKE and JOY projectslocated in southern, central and northern BC, respectively, have proximity to industrial infrastructure, power, rail and roadways. This year, Amarc completed a $3.3 million surface exploration and drill program at IKE, a $400,000 drill program at DUKE and a $1.9 million surface exploration and drill program at JOY. Amarc believes these projects rank among BC’s most important new mineral developments. Please see the updated corporate presentation available on Amarc’s website at www.amarcresources.com. At DUKE, results received from two recently completed drill holes, both of which drilled lengths of over 500 m, indicate the discovery of an important new porphyry copper-molybdenum-silver-gold deposit. Both holes successfully targeted porphyry copper mineralization to depth and significantly below mineralization intercepted by historical drill holes that, on average, were drilled to depths of only 90 m. Importantly, after intersecting some 400 m of copper-molybdenum porphyry mineralization, continuation of the most westerly of the two drill holes encountered adjacent bulk tonnage-style gold-copper mineralization that is open to expansion. With the previously producing Bell and Granisle porphyry gold-copper mines nearby, this unexpected and exciting new development multiplies both the potential of the DUKE project, and the regional porphyry district staked by Amarc. | |
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