VANCOUVER, Sept. 18, 2014 /PRNewswire/ - Amarc Resources
Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AHR) announces
that further to information provided in the Company's MD&A
dated August 14, 2014, an exploration
drill program has recently been completed at IKE. IKE is a
compelling porphyry copper-molybdenum-silver deposit target located
approximately 40 kilometres northwest of Gold Bridge, British Columbia.
The nine hole (5,400 metres) core drilling
program was designed as an initial test to confirm if IKE is an
important porphyry system, deserving of more detailed exploration
work going forward. Chalcopyrite and molybdenite
mineralization was observed by site geologists in varying amounts
and continuities in a number of the holes drilled. All core
samples have been delivered to the assay laboratory and assay
results are expected to be received, compiled and released within a
month.
Also as provided in the Company's MD&A dated
August 14, 2014, Amarc has acquired
two new mineral tenures adjacent to the IKE mineral property.
The Company can acquire a 70% interest in the Galore claims and has
acquired a 100% interest in the Great Quest claims (see
www.amarcresources.com for details of these mineral claim
acquisitions). The Company believes that these additional mineral
tenures have the potential to host bulk tonnage copper‐molybdenum
(silver and gold) porphyry mineralization. The Company is currently
in the process of compiling a large quantity of historical data
from these additional holdings.
About the IKE Property
Amarc has the right to acquire a 100% interest
in the IKE mineral property from two individuals. Based on
historical field programs, including limited drilling by previous
operators, IKE is a compelling, important scale,
copper-molybdenum-silver porphyry target. Three key
historical drill holes (81-02, 11-1 and 11-2) spaced 220 metres
apart intercepted long intervals of continuous, chalcopyrite and
molybdenite, mineralization with encouraging grades. These
intersections include: 182 metres of 0.42% copper equivalent
(CuEQ)1 comprising 0.31% Cu, 0.022% Mo and 1.9 g/t Ag;
64 metres of 0.51% CuEQ, comprising 0.37% Cu, 0.024% Mo and 4.7 g/t
Ag; and 116 metres of 0.46% CuEQ comprising 0.29% Cu and 0.043%
Mo. All three of these historical holes ended in
mineralization.
About Amarc Resources Ltd.
Amarc is a Vancouver-based mineral exploration and
development company with an experienced and successful management
team that is focused on making the next major copper porphyry
deposit discovery in British
Columbia ("BC"). Amarc's primary asset is the IKE property
which is located in central BC, the heartland of the Province's
copper mining industry. Amarc is now waiting for assays from an
initial and recently completed, 9 drill hole (5,400 metres) test of
the IKE target. All assay results from this program are
expected to be received, compiled and released within one month's
time.
Amarc is associated with Hunter Dickinson Inc.
("HDI") a diversified global mining company with a 25 year history
of porphyry discovery and development success. Previous and current
HDI porphyry projects, which include some of BC's and also the
world's most important mineral resources, are Mt. Milligan, Kemess,
Gibraltar, Prosperity, Xietongmen,
Florence, Sisson, Maggie and Pebble. From its head office in
Vancouver, Canada, HDI applies its
unique strengths and capabilities to acquire, develop, operate and
monetize mineral properties to provide superior returns to
shareholders.
Mark Rebagliati,
P. Eng., a Qualified Person as defined under National Instrument
43-101, has reviewed the technical content of this release.
ON BEHALF OF THE BOARD
Robert A.
Dickinson
Chairman
Neither the TSX Venture Exchange nor any other
regulatory authority accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking and other Cautionary
Information
This release includes certain statements that
may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts that address
exploration drilling, exploitation activities and other related
events or developments 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, exploration and exploitation 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 government policies
regarding mining and natural resource exploration and exploitation,
continued availability of capital and financing, and general
economic, market or business conditions. 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. For more information
on Amarc Resources Ltd., investors should review the Company's
annual Form 20-F filing with the United States Securities and
Exchange Commission at www.sec.gov and its home jurisdiction
filings that are available at www.sedar.com.
___________________________
1 Copper equivalent (CuEQ) calculations used metal
prices of: Cu US$3.00/lb, Mo
US$12.00/lb and Ag US$20/oz. Metallurgical recoveries and net
smelter returns are assumed to be 100%.
SOURCE Amarc Resources Ltd.
