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Amarc Provides Update on Duke Copper-Gold District and Files Project Technical Report
VANCOUVER, BC / ACCESSWIRE / May 6, 2020 / Amarc Resources Ltd. ("Amarc" or the "Company") (...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"Amarc Provides Update on Duke Copper-Gold District and Files Project Technical ReportVANCOUVER, BC / ACCESSWIRE / May 6, 2020 / Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSX-V:AHR)(OTCQB:AXREF) is pleased to announce that a National Instrument 43-101 Technical Report (the \"Report\") for the Company's DUKE Project, British Columbia (\"BC\") (the \"Project\") will be filed today under Amarc's profile at www.sedar.com. It will also be available on the Company's website at www.amarcresources.com/ahr/Home.asp. The Report provides details on the potential of the Company's DUKE porphyry copper deposit target discovery (\"DUKE\") and its successful district-scale porphyry copper-gold targeting program, along with proposed exploration plans.Amarc's 100% owned DUKE Project is located 80 km northeast of Smithers within the Babine District (the \"District\"), one of BC's most prolific porphyry copper-gold belts. The District, a 40 by 100 km north-northwesterly striking mineralized belt is host to Noranda Mines' past producing Bell and Granisle copper-gold mines, and the advanced stage Morrison copper-gold deposit. Amarc's DUKE porphyry copper discovery is located 30 km north of the Bell Mine. Extensive infrastructure exists in the District, which primarily relates to the forestry industry but also dates back to mining activity.The porphyry copper system at DUKE has seen only limited drilling. Many of the 30 historical shallow and closely-spaced core holes intersected and ended in significant copper-molybdenum-silver-gold mineralization. In the main area of known mineralization, these holes extended to only 124 m vertical depth from surface. Examples of the results are: hole 71-14 intersected 87 m of 0.40% Cu, 0.021% Mo, 2.2 g/t Ag and 0.05 g/t Au from 29 m to the end of the hole that includes 40 m of 0.48% Cu, 0.023% Mo, 2.6 g/t Ag and 0.07 g/t Au; and hole 70-02 intersected 113 m of 0.30% Cu, 0.012% Mo, 1.1 g/t Ag and 0.06 g/t Au from 30 m that includes 12 m of 0.41% Cu, 0.010% Mo, 1.6 g/t Ag and 0.09 g/t Au.The historical drilling was centered within a restricted part of a robust, 3 km north-south by 1 km east-west Induced Polarization (\"IP\") chargeability anomaly, which is thought to have been offset by faulting. When reconstructed, this IP chargeability anomaly has a classic donut shape (see figures below, which also provi...