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Amarc Resources Ltd.
Summary
| Project: | IKE | |
|---|---|---|
| Deposit: | IKE | |
| Location: | Canada | |
| Commodities: | Copper-Molybdenum-Silver | |
| Date: | 10/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2016: Amarc Resources Ltd. announces an Exploration/Drilling Update report for its IKE deposit at the IKE project. JV - drilling results incl. 287.0m @ 0.30% Cu, 0.017% Mo, 2.2g/t Ag from 340.3m. October 17, 2016 – Amarc Resources Ltd. (“Amarc” or t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Rebagliati (Not stated) | |
| ABSTRACT: | October 17, 2016 – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX‐V: AHR; OTCBB: AXREF) is pleased to announce results from the 2016 field programs at the IKE porphyry copper‐molybdenum‐silver discovery and surrounding district, located near Gold Bridge, British Columbia (“BC”). This year’s work consisted of 1,923 m of core drilling in three holes at the IKE deposit, 77 km of induced polarization (“IP”) surveys over four important‐scale porphyry copper deposit targets nearby to IKE, 1,258 talus fine samples collected over these and three more newly emerging porphyry copper and precious metal epithermal deposit targets, and 130 km2 of regional geological mapping. Total expenditures for the IKE Project in 2016 are budgeted at $3 million. Amarc, and Thompson Creek Metals Company Inc. (“Thompson Creek”) which is earning‐into the Project, believe that the IKE discovery together with the surrounding district targets have high potential to develop into an important new BC mining camp. This year, 1,923 m of core drilling was completed at IKE in 3 drill holes. Two of the holes (16020 and 16021) were collared in the southern part of the IKE deposit‐area and returned grades that compare favourably to the range of copper equivalent grades at operating BC porphyry copper mines. A single drill hole (16019), located 800 m west of the IKE deposit, intercepted intervals of low grade copper and molybdenum over its 477 m length. Drill results listed in the table below continue to confirm the importance of the IKE copper‐molybdenum‐silver porphyry discovery. | |
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