Business
Newton joint venture agreement executed
Jul. 13, 2011 (Canada NewsWire Group) -- VANCOUVER, July 13, 2011 /CNW/ - Amarc Resources Ltd...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"\n\n\n Jul. 13, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, July 13, 2011 /CNW/ - Amarc Resources Ltd. ("Amarc") (TSXV:\n AHR) (OTCBB: AXREF) and Newton Gold Corp. ("Newton Gold") (TSXV:NWG) are pleased to announce that the companies have entered into a Joint\n Venture Agreement ("JV Agreement") to further explore the Newton\n property, located in south-central British Columbia. Amarc has earned\n an 80% interest in an expanded Newton property by funding $5 million\n dollars in exploration expenditures.\n\n\nThe companies have also agreed to incorporate adjacent mineral claims\n into the JV Agreement, resulting in a project area totaling 284 mineral\n claims and approximately 1,480 square kilometres. A property location\n map is posted on Amarc's website at http://www.amarcresources.com/ahr/MapsFigures.asp. Amarc will continue to be the operator of the property.\n\n\nThe Newton Joint Venture property holds significant potential for the\n discovery and development of epithermal gold and gold-copper porphyry\n type deposits. It is located some 100 kilometres southwest of the City\n of Williams Lake in a region characterized by subdued topography\n favourable for development. The district is well-served by existing\n transportation and power infrastructure and a skilled workforce, which\n support a number of operating mines and late-stage development projects\n in the region.\n\n\nAmarc Resources Ltd. is a Vancouver-based explorati...