'Amarc's copper-gold
In 2021, Amarc undertook its first ever drilling at the PINE Deposit completing three long core holes (up to 701 m in length) that successfully began to test the depth and lateral extent of known porphyry Cu-Au mineralization, with both dimensions remaining open to expansion. Intercepts included, for example, 101.90 m of 0.56% CuEQ1 (0.23% Cu, 0.57 g/t Au and 2.4 g/t Ag) and 135.00 m of 0.44% CuEQ (0.14% Cu, 0.53 g/t Au and 1.2 g/t Ag). Further details are available in Amarc's
In addition, drilling is also underway to drill test prioritized and high potential district porphyry Cu-Au targets, delineated by geochemical, IP, airborne magnetic and geological surveys, which include the >5 km2 Twins target and others. Further, ground surveys are being undertaken to delineate other District targets to be efficiently advanced to drill readiness. Together these assets have the potential to form a major cluster of Cu-Au mineralized porphyry systems.
2022 JOY Exploration Program Highlights
Amarc timely received a 100 drill site permit from the provincial government, including approval for a 67 person exploration camp.
The new JOY camp is located on a previous historical exploration camp site, which Amarc and the Tsay Keh Dene Nation worked together to reclaim and prepare in early June.
Exploration agreements are in place with the Tahltan Nation and the Takla, Kwadacha and
Geological mapping, geochemical and IP geophysics ground surveys commenced in mid-June followed by the initiation of drilling with two
A minimum of 10,000 m of drilling is planned and as of
Drill core is being shipped regularly to ACTLabs in
44 line-km of IP geophysics and a 1,615 soil sample geochem program have been completed, extending already identified targets and assisting in the delineation of additional targets for drill testing.
IP data from this year's survey is currently being assessed and merged with the 154 line-km of IP previously completed by Amarc, and approximately 150 line-km of historical coverage by
Geological mapping and prospecting are on-going and, to date, has included the collection of 220 rock samples for laboratory analyses.
All soil and rock samples, together with select representative drill core samples, are analyzed on-site using a hand-held XRF analyzer that provides semi-quantitative information on element concentration such as Cu, Zn and Pb (but not for Au). In addition surface rock samples and select representative drill core samples are also analyzed on-site with a portable near-infrared spectroscope, the data from which is used to identify alteration minerals for vectoring within ore forming systems. These techniques assist in real time towards identifying exploration targets.
Amarc has developed and implemented a 2022 Covid-19 protocol that meets and exceeds that outlined by BC's health guidelines in order to minimize the risk to the on-site team, and so helping to minimize the potential for spread into the community.
As results from this season's program are received, compiled and interpreted they will be released.
About the
Amarc's 100%-owned
In
In its Year 1, Freeport contributed
About
Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of long-life, high-value porphyry Cu-Au mines in BC. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create value from its exploration and development-stage assets.
Amarc is advancing its 100%-owned IKE, DUKE and JOY porphyry Cu+/-Au districts located in different prolific porphyry regions of southern, central and northern BC, respectively. Each district represents significant potential for the development of multiple and important-scale, porphyry Cu+/-Au deposits. Importantly each of the three districts is located in proximity to industrial infrastructure - including power, highways and rail.
Amarc is associated with HDI, a diversified, global mining company with a 30-year history of porphyry discovery and development success. Previous and current HDI projects include some of BC's and the world's most important porphyry deposits - such as Pebble,
Amarc works closely with local governments, Indigenous groups and stakeholders in order to advance its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. We pursue early and meaningful engagement to ensure our mineral exploration and development activities are well coordinated and broadly supported, address local priorities and concerns, and optimize opportunities for collaboration. In particular, we seek to establish mutually beneficial partnerships with Indigenous groups within whose traditional territories our projects are located, through the provision of jobs, training programs, contract opportunities, capacity funding agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve high levels of environmental and social performance.
Forward Looking and other Cautionary Information
This news release includes certain statements that may be deemed 'forward-looking statements'. All such statements, other than statements of historical facts that address exploration plans and plans for enhanced relationships are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: Amarc's projects will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of Amarc's projects will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, exploration and development of properties located within Aboriginal groups asserted territories may affect or be perceived to affect asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business conditions, as well as risks relating to the uncertainties with respect to the effects of COVID-19. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.
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