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Amarc Resources Ltd.
Summary
| Project: | IKE | |
|---|---|---|
| Deposit: | IKE | |
| Location: | Canada | |
| Commodities: | Copper-Molybdenum-Silver | |
| 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 IKE deposit at the IKE project. Drilling results incl. 66m @ 0.29% Cu, 0.006% Mo, 4.1g/t Ag, 0.08% Au from 63m. December 19, 2017, Vancouver, BC – Amarc Resources Ltd | |
| 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. Work at the IKE property has now delineated a copper-molybdenum-silver mineralized system measuring at least 3.5 km by 2 km through combined induced polarization (“IP”) surveys, talus geochemical sampling and the earlier drilling of 21 core holes at the IKE deposit. The sulphide mineralized IKE system has the geological earmarks of important copper-molybdenum-silver mines like Morenci and Sierrita in Arizona, and Valley in BC. In addition, at least five significant porphyry copper deposits targets have been established within 10 km of the IKE discovery. Amarc and Hudbay Minerals Inc. (“Hudbay”) (TSX:HBM; NYSE:HBM) continue to assess the 2017 data from IKE and JOY and consider plans for 2018. Hudbay is expected to provide notice of its commitment to 2018 exploration programs by year-end. | |
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