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Amarc and Hudbay Partner to Advance the JOY Copper-Gold Porphyry Project
Amarc and Hudbay Partner to Advance the JOY Copper-Gold Porphyry Project Canada Ne...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"\n\n\n\nAmarc and Hudbay Partner to Advance the JOY Copper-Gold Porphyry Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Aug. 22, 2017\n\n\n\nVANCOUVER, Aug. 22, 2017 /CNW/ - Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSX-V: AHR; OTCBB: AXREF) is pleased to announce it has entered into another Mineral Property Farm-In Agreement (the \"JOY Agreement\") with Hudbay Minerals Inc. (\"Hudbay\") (TSX:HBM; NYSE:HBM). The new Agreement with Hudbay, has a similar structure to the recently announced IKE Project Farm-In Agreement (see Amarc News Release dated July 6, 2017), and has been established to advance the Company's 72 km2, 100% owned, JOY porphyry copper-gold mineral property (the \"JOY Project\") which is located 25 km north of AuRico Metals Inc.'s Kemess South Mine and Kemess Underground Project site in north-central British Columbia (\"BC\").  Under the terms of the JOY Agreement, Hudbay may acquire through a staged investment process, up to a 60% ownership interest in the Project. \n\nRobert Dickinson, Executive Chairman of Amarc: \"The prospectivity of the Kemess District is well-known to Hunter Dickinson and the Amarc technical team, as we were the first to develop its porphyry potential – acquiring both the early-stage Kemess South and Kemess North prospects and advancing them into significant porphyry copper-gold deposits.  We are excited to be combining our proven porphyry copper discovery track record with Hudbay's acknowledged capabilities as a first-class mine builder and operator. We believe it will be a potent partnership that allows us to advance the JOY Project in an expeditious way, and in a manner that balances technical, economic, environmental ...