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Amarc Joy District Drilling Significantly Expands Pine Cu-Au Deposit and Makes Important New Discovery at Canyon
VANCOUVER, BC / ACCESSWIRE / March 2, 2023 / Amarc Resources Ltd. ("Amarc" or the "Company") (TS...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"Amarc Joy District Drilling Significantly Expands Pine Cu-Au Deposit and Makes Important New Discovery at CanyonVANCOUVER, BC / ACCESSWIRE / March 2, 2023 / Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce the results of 2022 drilling at the PINE Deposit, and from scout drilling at prioritized porphyry copper-gold (\"Cu-Au\") deposit targets clustered across its 482 km2, 100%-owned JOY District (or \"JOY\"), in north-central British Columbia (\"BC\"). During the 2022 season Amarc completed 37 core holes (15,427 m) that considerably expanded the PINE Deposit to over a 1,700 m strike length, discovered new porphyry Cu-Au mineralization at the 5 km2 Canyon deposit target, and further defined additional deposit-scale porphyry systems requiring exploration drilling.Over the past two years, Freeport-McMoRan Mineral Properties Canada Inc. (\"Freeport\"), which is earning-in at JOY, has invested approximately $20 million advancing exploration programs (see Amarc release October 11, 2022). Amarc is operator of the project.Highlights from 2022 PINE Deposit Drilling Include:204 m of 0.42% CuEQ* (0.18% Cu, 0.41 g/t Au and 2.3 g/t Ag)105 m of 0.40% CuEQ (0.13% Cu, 0.47 g/t Au and 2.3 g/t Ag)107 m of 0.31% CuEQ (0.09% Cu, 0.37 g/t Au and 1.2 g/t Ag)179 m of 0.32% CuEQ (0.11% Cu, 0.36 g/t Au and 1.2 g/t Ag)Highlights from New Porphyry Cu-Au Discovery at Canyon Deposit Target Include:96 m of 0.51% CuEQ (0.39% Cu, 0.18 g/t Au and 2.6 g/t Ag), within296 m of 0.39% CuEQ (0.30% Cu, 0.14 g/t Au and 1.7 g/t Ag)*Copper equivalent (CuEQ) calculations use metal prices of: Cu US$4.00/lb, Au US$1,800.00/oz, Ag US$24.00/oz and conceptual recoveries of: Cu 85%, Au 72% and 67% Ag.\"The strong results delivered by our 2022 drilling continue to reveal the exceptional potential of the JOY District,\"said Dr. Diane Nicolson, Amarc President and CEO. \"Delineation drilling at the PINE Deposit substantially expanded mineralization and it is still wide open. In addition, scout drilling of expansive deposit scale targets is confirming the potential for clustered porphyry mineralized deposits around the PINE: the discovery of new copper-gold mineralization at the largely covered Canyon target is especially exciting. Also, as previously reported surface surveys are preparing new and compelling porphyry copper-gold depo...