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Amarc's Drilling Continues To Expand The Duke Deposit: Surveys Underway Throughout The Surrounding Duke Copper-Gold District
VANCOUVER, BC / ACCESSWIRE / June 15, 2023 / Amarc Resources Ltd. ("Amarc" or the "Company") (TS...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"Amarc's Drilling Continues To Expand The Duke Deposit: Surveys Underway Throughout The Surrounding Duke Copper-Gold DistrictVANCOUVER, BC / ACCESSWIRE / June 15, 2023 / Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSXV:AHR)(OTCQB:AXREF) is pleased to report all assay results from the Phase 1 core drilling program at its 100% owned DUKE porphyry Cu-Au district (\"DUKE District\" or \"District\") in central British Columbia (\"BC\"). In total, 24 core drill holes (11,086 m) were efficiently completed in 80 drill days between early December 2022 and mid-March 2023. Two drill rigs focused on further delineating the DUKE Cu-Mo-Ag-Au Deposit, while a third rig tested the shallow overburden covered and robust 4.7 km2 Induced Polarization (\"IP\") anomaly that surrounds the DUKE Deposit and is indicative of an expansive mineralized system.Furthermore, with an early snow melt, crews were back on site in mid-May with a District-wide airborne magnetics survey recently being completed, and ground geological, geophysics, geochemical surveys all underway with over 35 technical and logistics crew members now on-site. These surveys are evaluating 16 prioritized porphyry Cu-Au targets across the DUKE District to define targets for planned 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.Highlights from the Phase 1 2022-2023 drilling at the DUKE Deposit include:183 m of 0.43% CuEQ* (0.31% Cu, 0.019% Mo, 0.07 g/t Au,1.5 g/t Ag) in hole DK22009**217 m of 0.45% CuEQ (0.33% Cu, 0.018% Mo, 0.08 g/t Au, 1.5 g/t Ag) in hole DK22010**30 m of 0.47% CuEQ (0.36 % Cu, 0.015% Mo, 0.06 g/t Au, 3.2 g/t Ag) in hole DK2301230 m of 0.43% CuEQ (0.31% Cu, 0.014% Mo, 0.09 g/t Au, 1.6 g/t Ag), and33 m of 0.44% CuEQ (0.20% Cu, 0.053% Mo, 0.06 g/t Au, 1.3 g/t Ag) in hole DK2301582 m of 0.41% CuEQ (0.30% Cu, 0.017% Mo, 0.06 g/t Au, 1.1 g/t Ag) in hole DK2302236 m of 0.47% CuEQ (0.34% Cu, 0.024% Mo, 0.06 g/t Au, 1.5 g/t Ag) in hole DK2302433 m of 0.40% CuEQ (0.30% Cu, 0.017% Mo, 0.05 g/t Au, 1.5 g/t Ag) in hole DK23026* Copper equivalent (CuEQ) calculations use metal prices of: Cu US$4.00/lb, Mo US$15.00/lb, Au US$1,800.00/oz a...