Business
Amarc Makes Important New Gold Discovery in South-Central British Columbia
Amarc Makes Important New Gold Discovery in South-Central British Columbia
About this update from Imperial Metals Corporation
[{"type":"text","content":"\n\n\n\nDec. 8, 2009 (Canada NewsWire Group) -- VANCOUVER, Dec. 8 /CNW/ -- Amarc Resources Ltd. (\"Amarc\" or the \"Company\") (TSX-V: AHR, OTCBB: AXREF) announces a significant new gold discovery at its Newton Project located within the Chilcotin region of south-central British Columbia (BC). Assay results from the first seven holes of an initial 14-hole diamond drill program have been received and they host significant concentrations of bulk tonnage-style gold, silver, copper and zinc. These results indicate that the Newton property may host both a previously unrecognized gold district and a new deposit type in BC. The remaining seven holes drilled in the initial program are in for assay and results will be reported when they are received.\"Through careful examination of historical drill core and remodelling of both existing geological data and information received from the recent drill campaign, Amarc's technical team has made an important new gold discovery in the province of British Columbia,\" said Amarc Chairman Bob Dickinson. \"The grade and continuity of mineralization as it is known today indicates that Newton represents a major gold mineralized system that could host an important open-pit style deposit. Dickinson said, \"Amarc is planning an expanded drill program at Newton to begin as early as possible in 2010, with the goal of delineating Newton's bulk tonnage-style gold mineralization\".Historical drilling at the Newton property tested for porphyry-style copper mineralization with low grade copper results. However, Amarc's examination of the historical drill core and gold analyses revealed an extensive area characterized by geologically significant concentrations of gold with anomalous silver, copper and zinc. In addition, four historical drill holes (06-12, 06-03, 92-04 and 06-11) positioned on the easternmost side of all the historical drilling, intercepted 105 metres of 1.15 g/t gold (including 41 metres at 2.49 g/t gold), 95 metres of 0.52 g/t gold, 60 metres of 0.69 g/t gold and 46 metres of 0.54 g/t gold, respectively (see maps at www.amarcresources.com). These historical holes indicated a compelling drill target; an open ended, large-scale gold system.Significant assay intervals from Amarc's first seven drill holes, representing continuous intersections of bulk tonnage-style, gold, silver, copper and zinc mi...