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Amarc Remobilizes to Duke District Initiates Systematic Assessment of Porphyry Copper-Gold Targets
VANCOUVER, BC / ACCESSWIRE / May 17, 2023 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSX...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"Amarc Remobilizes to Duke District Initiates Systematic Assessment of Porphyry Copper-Gold TargetsVANCOUVER, BC / ACCESSWIRE / May 17, 2023 / Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSXV:AHR); (OTCQB:AXREF) is pleased to report that it has commenced a staged remobilization of its exploration team to its 100%-owned DUKE porphyry Cu-Au district (\"DUKE District\" or \"District\") in central British Columbia (\"BC\"). Extensive airborne and ground exploration surveys will assess 16 prioritized porphyry Cu-Au targets across the District to define targets for winter 2023-2024 drill testing. Through 2023, $10 million in exploration expenditures at the DUKE District is being fully funded under the Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd. (\"Boliden\") (see Amarc news release November 22, 2022). Amarc is project operator.\"Barely five weeks after completing demobilization from the winter DUKE Deposit delineation drilling program following an early snow melt, our crews are back out in the field commencing geophysical, geochemical and geological surveys to define additional high potential targets for drill testing,\" said Amarc President & CEO Dr. Diane Nicolson. \"Additionally, Amarc was pleased earlier this month to welcome several members of Boliden's senior management team from Sweden to the site. The in-person property review and discussions that took place further strengthened the partnership and exchange of discovery expertise.\"\"Boliden is pleased with the exploration progress at DUKE and is looking forward to the upcoming district scale field activities,\" said Boliden President of Mines Stefan Romedahl.Assay results from the DUKE Deposit drilling program are being received from the laboratory, assessed and compiled and will be released shortly.Program OverviewExploration works, including airborne magnetics and ground Induced Polarization geophysical, soils geochemistry and mapping surveys have been initiated to explore the 16 prioritized porphyry Cu-Au deposit targets. These highly prospective target areas were selected based on a comprehensive compilation of government and historical exploration data from over the entire 678 km2 District. The study highlighted the surprisingly low exploration maturity of the productive Babine porphyry Cu-Au region, and provided a new interpretation o...