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Amarc Launches Field Programs at Newton Property and Throughout Plateau Gold-Copper Belt to Explore for Major Gold-Copper Deposits
Amarc Launches Field Programs at Newton Property and Throughout Plateau Gold-Copper Belt to Explo...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"\n\n\n\n May 27, 2010 (Canada NewsWire Group) -- Amarc Resources Ltd. ("Amarc" or "the Company") (TSX Venture: AHR; OTCBB: AXREF) announces that it has mobilized crews to the field for its 2010 exploration program in south-central British Columbia (BC), ahead of an anticipated June start date. Exploration activities, initially budgeted at $4 million, have commenced on both the compelling Newton bulk tonnage gold property and the underexplored, high-potential Plateau Gold-Copper Belt.\nAmarc Executive Chairman, Bob Dickinson states; "Amarc has assembled an experienced 15-person technical team focused on expanding the Newton bulk tonnage discovery made in late 2009, and to explore the newly-staked, approximately 3,000 square kilometre Plateau Gold-Copper Belt. These areas host significant potential for porphyry gold-copper and epithermal gold type deposits. In addition to drilling at Newton, our crews will be advancing comprehensive exploration programs at a number of high-priority sites this summer, generating new drill targets and a steady stream of news for Amarc investors."\nLate in 2009 Amarc discovered the Newton bulk tonnage-style gold system. The best intercept from Amarc's 14-hole diamond drill core program in 2009 was 189 metres at 1.56 g/t gold (see Amarc's December 8, 2009 and January 19, 2010 press releases). Amarc has the right to acquire an 80% interest in the Newton property from New High Ridge Resources Inc. by incurring $5 million in expenditures within seven years.\nPermit applications submitted to the BC provincial government in December 2009 for a 25-hole diamond drill program and an Induced Polarization (IP) ground geophysical survey at Newton have been approved. Geological mapping and IP geophysical surveys have commenced on that property. These exploration activities will assist the technical team in delineating the gold system.\n"Amarc has a comprehensive and well-planned program outlined at Newton for the 2010 field season, the goal of which is to define a substantial bulk tonnage gold resource," Dickinson said. "We are tremendously excited to be back on the ground exploring at Newton, as we believe this property may represent a new gold deposit type for BC. Once the initial surface exploration activities have been completed and data synthesized, we will commen...