Amarc provides exploration update

About this update from Amarc Resources Ltd.

[{"type":"text","content":"\n\n\nVANCOUVER, Nov. 15, 2013 /CNW/ - Amarc Resources Ltd. (\"Amarc\" or the\n \"Company\") (TSX-V: AHR; OTCBB: AXREF) provides an exploration update on\n drilling at the ZNT silver property located in central British Columbia\n (\"BC\"). The Company has acquired a 60% interest in the ZNT property\n which is being explored under a joint venture agreement with Quartz\n Mountain Resources Ltd. (\"Quartz Mountain\").\n\n\n\"This year Amarc has evaluated its portfolio of British Columbia copper\n and silver assets at ZNT, Galaxie and Silver Vista in a cost effective\n and efficient manner, providing the Company with $4.5 million in\n working capital moving forward,\" said Amarc Chairman Bob Dickinson. \"In\n addition, our exploration team is hard at work evaluating a number of\n other exciting mineral properties in BC for potential acquisition.\"\n\n\nThe ZNT exploration property was staked on the basis of significant zinc\n concentrations in regional till samples as reported by Geoscience BC. \n In late 2012, Quartz Mountain collected approximately 2,400 grid soil\n geochemical samples and completed 20 line kilometres of Induced\n Polarization (\"IP\") ground geophysical survey. These initial\n exploration activities defined a new and unusually strong silver and\n multi-element-in-soils anomaly measuring 1.8 kilometres by 1.2\n kilometres.\n\n\nAmarc, as operator of the ZNT Joint Venture, completed in July of this\n year a pitting and trenching program designed to further refine the\n target. Some 170 rock and 36 soil geochemical samples were collected\n from 62 pits and trenches. Integration of the data from these surface\n programs defined a silver deposit target hosted by volcanogenic\n sandstones. However, a recent 600-metre, 2-hole drill program indicated\n a limited extent to the prospective host rock package and did not\n encounter economic mineralization. No further work is planned at ZNT by\n Amarc.\n\n\nThe Company has passed operatorship of the Galaxie JV, in which it has a\n 40% interest, to Quartz Mountain after ground follow-up of prioritized\n targets this year did not identify any immediate drill targets (see\n Amarc news release September 19, 2013). No further worked is planned at\n Galaxie by Amarc. Also, surface exploration programs completed this\n year at Amarc's 100%-owned Silver Vista property did not d...

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