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Amarc Recommences Drilling At The Duke District, Reports On Duke Deposit Winter Drilling
VANCOUVER, BC / ACCESSWIRE / June 25, 2024 / Amarc Resources Ltd. ("Amarc" or the "Company") (T...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"Amarc Recommences Drilling At The Duke District, Reports On Duke Deposit Winter Drilling VANCOUVER, BC / ACCESSWIRE / June 25, 2024 / Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce that it has recommenced drilling at its 100% owned DUKE porphyry copper-gold (\"Cu-Au\") district (\"DUKE District\" or \"District\") in British Columbia (\"BC\"). The current drill program follows the 2024 winter delineation drilling of the DUKE Deposit. The initial focus of this summers drilling is the SVEA Cu-Au Deposit Target and the new JO porphyry Cu-Au discovery identified by the Company's comprehensive surveys across the prospective 722 km2 District. Ground and airborne geophysical surveys are also currently underway with up to 30 crew members onsite.The Svea Deposit Target shares many attributes with some of the premier deposits and occurrences within the prolific Babine Porphyry Cu-Au Region (the \"Babine\"). Svea is defined by a 7 km2 Induced Polarization chargeability (\"IP\") anomaly indicating a large sulphide mineralized system. Widespread and strong Cu-Au-Mo-in-soil geochemical anomalies and favorable biotite-feldspar porphyry (\"BFP\") intrusive rocks are co-incident with the IP chargeability anomaly. In addition, results from short historical drill holes[1] suggest excellent potential for important Cu-Au mineralization, for example, DDH 69-3 returned 0.36% Cu and 0.18 g/t Au over 23.7 m (see Amarc release January 19, 2024). Another new target, the JO discovery is characterized by coincident IP chargeability and magnetic geophysical anomalies. Initial grab sampling of outcrop within the target returned 0.18% Cu, 0.52 g/t Au, 16 g/t Ag and 55 ppm Mo (see Amarc release April 16, 2024).Boliden Mineral Canada Ltd. (\"Boliden\"), under the DUKE District Mineral Property Earn-in Agreement is continuing its earn-in during 2024 with a further $10 million of budgeted expenditures (see Amarc release December 13, 2023). Amarc continues as project operator.\"The Amarc team is excited to be back on the ground commencing the summer drilling program at Svea and JO and plans to complete twelve holes between these Targets,\" said Amarc President and CEO Diane Nicolson. \"In addition to current exploration drilling on the Svea and JO, nine drill holes were completed during the winter drilling at the D...