20264 releases
Amarc Further Expands Its Toodoggone Technical Team
Gavin Titley, P.Geo., has been appointed Vice President, Exploration of Amarc Resources, and Dr. Farhad Bouzari has been appointed Chief Exploration Scientist. Titley joined Amarc as Senior Geologist in 2024 and led work at the JOY District, the AuRORA Discovery and the Empress copper-gold deposit at the IKE District. Bouzari has more than 25 years of experience in porphyry copper exploration, including nearly two decades as a Research Associate at UBC's Mineral Deposit Research Unit and Toodoggone-focused research.
ManagementAmarc And Freeport Continue Expanding High Grade Aurora Copper-Gold-Silver Deposit
Final 2025 assay results from the AuRORA copper-gold-silver deposit in the JOY District, British Columbia, extended mineralization over an area now measuring 1.4 km by 0.8 km, including a cumulative 400 m northern extension. Hole JP25119 returned 116.65 m of 0.49 g/t Au, 0.19% Cu and 2.2 g/t Ag, and JP25088 returned 75 m of 0.76 g/t Au, 0.33% Cu and 3.6 g/t Ag. Freeport funded the CAD $16+ million 2025 JOY program and holds 60%.
Drill resultsAmarc Announces Upcoming Conference Participation
Participation at four upcoming investor and industry conferences was outlined. Amarc will attend the Vancouver Resource Investment Conference (Booth #300, January 25-26), the 2026 AME Roundup Conference (Booth #1001, January 26-29; Core Shack Booth #919, January 26-27; technical presentation January 26 at 1:35 pm), BMO Capital Markets' 35th Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, February 22-25, and PDAC 2026 in Toronto (Booth #2850, March 1-4), with Core Shack displays featuring the AuRORA Cu-Au-Ag discovery.
CorporateAmarc Builds on Disruptive AuRORA Discovery Success and Advances Pipeline of High Demand District-Scale Copper-Gold Assets in British Columbia During 2025
A 2025 review reports 23 step-out expansion holes plus one infill hole over an area of about 1 km by 1 km at the AuRORA copper-gold-silver deposit in the 630 km2 JOY District, BC, with assays from 11 holes extending the deposit at least 300 m north, 200 m east and 300 m southeast; results from the remaining 12 holes are pending. Joint venture agreements with Freeport and Boliden provide up to $200 million in funding, of which roughly $81 million has been received. Boliden funded about $10 million in 2025, reaching $30 million total and a 60% DUKE interest.
Corporate
202518 releases
Amarc and Freeport Continue Expanding High Grade AuRORA Copper-Gold-Silver Deposit
Additional 2025 drill results from the AuRORA copper-gold-silver deposit in the JOY District, BC, include 201 m of 1.40 g/t Au, 0.28% Cu and 2.6 g/t Ag (including 94 m of 2.08 g/t Au, 0.41% Cu, 3.4 g/t Ag), 201 m of 1.38 g/t Au, 0.27% Cu and 1.6 g/t Ag, and 47 m of 1.50 g/t Au, 0.44% Cu and 5.4 g/t Ag. Holes on Section 8200N extended the deposit a further +100 m north and Section 7900N holes about 200 m east. Twenty-four holes (9,687 m) were drilled at AuRORA in 2025; Freeport is funding the CAD $16+ million JOY program.
Drill resultsAmarc and Freeport Continue to Expand High Grade AuRORA Copper-Gold-Silver Deposit
Assay results from six drill holes on Sections 8000N and 8100N extended the AuRORA copper-gold-silver deposit at the JOY District in British Columbia more than 200 m to the north, with intercepts including 126 m of 0.97 g/t Au, 0.32% Cu and 4.8 g/t Ag (including 61 m of 1.24 g/t Au, 0.47% Cu, 7.8 g/t Ag) and 231 m of 0.83 g/t Au, 0.22% Cu and 2.3 g/t Ag. The 2025 program totalled 15,381 m in 35 holes, funded by Freeport; further assays are pending.
Drill resultsAmarc Announces Upcoming Conference Participation
Amarc Resources will present at three investor conferences in November 2025: the New Orleans Investment Conference (November 2-5, booth #112, with a presentation November 4 at 12:40pm), the Precious Metals Summit Zurich (November 10-11, presentation November 10 at 10:30am), and Deutsche Goldmesse Frankfurt (November 14-15, presentation November 14 at 4:00pm). President and CEO Dr. Diane Nicolson will speak at each. Assay results from the 2025 drill program at the JOY District in BC are pending.
CorporateAmarc and Freeport Successfully Complete 2025 AuRORA Expansion Focused Drill Program at Joy Copper-Gold District
The 2025 drill program at the JOY District in the Toodoggone-Kemess region of north-central British Columbia has been completed, totalling 15,381 m in 35 drillholes using up to four rigs, of which 24 holes (9,687 m) were drilled at the AuRORA Deposit, which has now been tested over roughly 1 km by 1 km. The CAD $15+ million program is funded by Freeport, which elected on September 4, 2025 to sole-fund a further CAD $75 million for an additional 10% of AuRORA Minerals Ltd. Next assays are expected later this month.
Drill resultsAmarc Announces Important Drill Intersection Southeast of the 2024 Aurora Copper-Gold Discovery Drill Holes at JOY
Drill hole JP25098 at the JOY copper-gold district in north-central British Columbia returned 159 m of 0.33% Cu, 0.43 g/t Au and 5.2 g/t Ag, on Section 7600N about 260 m southeast of 2024 AuRORA discovery hole JP24079, in rock with a weak magnetic signature and a strong IP chargeability response. Since June 26, 19 step-out holes and one infill hole totalling over 7,000 m have been drilled at AuRORA, with further assays pending. Freeport is funding the CAD +$15 M 2025 program.
Drill resultsAmarc Announces Freeport has Elected to Proceed to CAD $75 Million Stage 2 Earn-In at JOY
Freeport-McMoRan Mineral Properties Canada Inc. has elected to proceed to Stage 2 of the May 2021 JOY Mineral Property Earn-in Agreement in British Columbia, having completed Stage 1 spending of CAD $35 million and vested a 60% interest in joint venture company Aurora Minerals Ltd., with Amarc holding 40%. Stage 2 allows Freeport to earn a further 10% by spending CAD $75 million over 5 years at no less than CAD $10 million annually. Freeport is funding the 2025 JOY program, budgeted at CAD +$12 million, and is now operator, with Amarc managing exploration under a Services Agreement.
AcquisitionAmarc and Freeport Launch 2025 Aurora and JOY Copper-Gold District Drilling, Consolidate Additional District Potential
A $10 million 2025 exploration program, funded 100% by Freeport-McMoRan Mineral Properties Canada Inc. and operated by Amarc, has begun at the JOY copper-gold district in north-central British Columbia, with drilling targeting the AuRORA and PINE deposits, the Twins and Canyon discoveries, and other drill-ready targets. The district land package has been expanded to include the 44.5 km² Brenda Property, about 32% (42.34 km²) of the PIL Property claims area, and three newly staked claims.
Drill resultsAmarc Appoints Chief Financial Officer
Carol Li has joined Amarc Resources Ltd. and will become Chief Financial Officer effective July 19, 2025, transitioning into the role until that date. She is a Chartered Professional Accountant with CGA designation and more than 30 years of international experience in the resources industry, financial services and securities firms, including prior CFO and public company director roles. She replaces Tom Wilson, who is retiring from the position.
ManagementAmarc Launches $10 Million 2025 DUKE Copper-Gold District Drilling: Provides District Update
A $10 million 2025 drill program has begun at the 100%-owned DUKE Copper-Gold District, 732 km² in central British Columbia, funded by Boliden, which is earning in, with Amarc as operator; nine targets remain untested this year. Results from 19 scout holes (5,815 m) drilled in 2024 at the JO, C4 and Svea targets include 71 m of 0.13% CuEQ from 71 m (DKJ24043), 3 m of 3.56 g/t Au from 305 m (DKJ24042), 53 m of 0.16% CuEQ (DKC24058) and 96 m of 0.23% CuEQ from 218 m (DKS24046). Amarc also granted 100,000 options at $0.68 with a five-year term to a senior executive.
Drill resultsAmarc and Freeport Are Planning a Significant 2025 Drill Program in Their Joy District, Including at the High Grade Copper-Gold-Silver AuRORA Discovery
Freeport-McMoRan Mineral Properties Canada has notified Amarc that it has invested CAD $35 million under an accelerated timeframe and earned an initial 60% interest in the JOY District in north-central British Columbia. A CAD $10 million 2025 drill program is planned at the AuRORA Cu-Au-Ag deposit, the PINE deposit, the Twins and Canyon discoveries and other targets, contingent on Freeport electing to fund an additional CAD $75 million under Stage 2, expected in the third quarter of 2025. Amarc continues as operator.
Drill resultsAmarc Intersects 60 m Grading 0.90% CuEQ¹ and Confirms High Copper-Gold Tenor in Historical Empress Drilling, Further Advancing its IKE District in BC
Drilling of nine core holes (1,873 m) in late 2024 at the Empress Deposit and Empress East Deposit Target in the 500 km² IKE Cu-Au District, southern BC, returned 181 m at 0.46% CuEQ from 30 m, including 60 m at 0.90% CuEQ, and 68 m at 0.56% CuEQ from 123 m. Re-assaying of 23 historical holes (4,393 m, 1,541 samples) returned 158 m at 0.69% CuEQ from 23 m, including 47 m at 1.44% CuEQ, and 77 m at 0.73% CuEQ from 146 m. Amarc is planning further drilling programs.
Drill resultsAmarc Announces More Drill Results from Aurora and Three Emerging Copper-Gold Systems, in Collaboration with Freeport at the JOY District
Remaining 2024 assays from the AuRORA discovery at the 495 km² JOY district in north-central British Columbia include hole JP24080 with 132 m of 1.71% CuEQ (1.87 g/t Au, 0.63% Cu, 5.2 g/t Ag), including 90 m of 2.26% CuEQ, and JP24083 with 204 m of 0.72% CuEQ including 51 m of 1.41% CuEQ. Drilling also made a new discovery at the Twins target (JP24051: 124 m of 0.33% CuEQ) and extended the PINE and Canyon zones. Freeport is fully funding the programs, with Amarc as operator.
Drill resultsAmarc to Showcase the “AuRORA” High Grade Cu-Au-Ag Discovery at PDAC
Amarc Resources will participate in the 2025 PDAC Conference in Toronto from March 2-5, 2025, showcasing drill core from the AuRORA gold-rich porphyry copper-gold-silver discovery at the 100%-owned 495 km2 JOY District, made in collaboration with Freeport-McMoRan. Technical Advisor Dr. Jim Lang will present on porphyry Cu-Au exploration in the JOY and Toodoggone Districts, British Columbia, on March 2 at 2:20-2:40 pm EST in Room 716. The company completed 29,000 m of drilling in 2024 across its three districts.
CorporateAmarc Builds on AuRORA Cu-Au-Ag Discovery with Option to Acquire 100% Interest in Adjacent Brenda Property
A mineral property option agreement with Canasil Resources gives Amarc the right to acquire 100% of 22 claims comprising the 44.5 km2 Brenda Property, adjacent to its JOY tenure and immediately east of the AuRORA Cu-Au-Ag discovery in north-central British Columbia. The 5-year option requires annual payments of $400,000, with an exercise price of $8 million in year one rising to $12 million in year five, subject to a 2% NSR royalty, half of which is purchasable for $5 million before commercial mining or $10 million after. Amarc also granted 290,000 incentive stock options at $0.67 per share for five years.
AcquisitionAmarc to Present at the Kinvestor Mining & Energy Virtual Conference 2025
President and CEO Dr. Diane Nicolson will present at the virtual Kinvestor Mining & Energy Conference 2025 on February 12, 2025 at 12:00pm PT / 3:00pm ET, with registration via Zoom. The presentation follows Amarc's January 2025 announcement of the gold-rich porphyry copper-gold-silver AuRORA Deposit discovery in the JOY District of north-central British Columbia. Results from 2024 programs at the JOY, DUKE and IKE districts, covering $23 million and 29,000 m of drilling, are planned for release in Q1 2025.
CorporateAmarc Announces Additional Drill Results from the AuRORA Copper-Gold-Silver Deposit Discovery in Collaboration with Freeport at the JOY District, British Columbia
Assay results were reported from six holes drilled along east-west Section 7900N at the AuRORA copper-gold-silver porphyry discovery in the NWG Target of the 495 km2 JOY District in north-central British Columbia, 100 m north of previously reported Section 7800N. The holes were spaced about 100 m apart across a 600 m width, with mineralization near surface and open in all horizontal directions. Freeport-McMoRan Mineral Properties Canada is fully funding the programs, with Amarc as operator.
Drill resultsAmarc Announces January Conference Participation
Amarc Resources will participate in three conferences in Vancouver, British Columbia in January 2025: the Metals Investor Forum on January 17-18, the Vancouver Resource Investment Conference on January 19-20, and the AME Roundup Conference on January 20-23, including a Core Shack display of drill core from the new AuRORA Deposit discovery on January 20-21. President and CEO Dr. Diane Nicolson will present at the first two events.
CorporateAmarc Announces New High Grade “AuRORA” Copper-Gold-Silver Deposit Discovery in Collaboration With Freeport at the JOY District, British Columbia
A new porphyry copper-gold-silver deposit, AuRORA, has been discovered at the 100%-owned JOY District in the Toodoggone-Kemess region of north-central British Columbia, in a previously undrilled part of the 495 km² property. Discovery hole JP24057 and six further holes drilled at roughly 100 m spacing along east-west section 7800N outlined a 600 m wide zone of near-surface mineralization open to lateral expansion. Freeport-McMoRan Mineral Properties Canada is fully funding the programs, with Amarc as operator; results from six holes on section 7900N are pending.
Drill results
202416 releases
Amarc Announces Loan Extension
The repayment date of a $1,000,000 loan from a lender who is a director and significant shareholder has been extended from November 26, 2024 to November 26, 2025 under a Third Loan Amendment Agreement dated November 25, 2024. All other terms of the loan remain unchanged. Amarc holds the 100%-owned JOY, DUKE and IKE porphyry Cu±Au districts in BC.
FinancingBoliden Continues Earn-In at Amarc’s DUKE Copper-Gold District
Boliden Mineral Canada Ltd. has committed to continue its earn-in at Amarc's DUKE copper-gold district, 80 km northeast of Smithers in central British Columbia, with a $10 million budget for 2025, bringing Boliden's contribution since late 2022 to $30 million. Under the November 2022 earn-in agreement, Boliden can earn up to a 70% interest by funding $90 million in exploration and development expenditures. Amarc remains operator. The 2024 program included over 5,800 m of core drilling, with results pending.
AcquisitionAmarc Completes Extensive 2024 Drilling across Its JOY, DUKE and IKE Copper-Gold Districts
Over 29,000 metres of drilling was completed in 2024 across the JOY, DUKE and IKE Copper-Gold Districts in British Columbia, with up to five rigs operating, alongside geophysical, geochemical and geological surveys. JOY saw 16,883 m in 40 holes at seven targets plus 19 line-km of IP, funded by Freeport at roughly $12 million; DUKE saw 4,828 m in nine holes and 5,815 m in 19 holes plus 121 line-km of surveys, funded by Boliden at about $10 million. Amarc self-funded 1,873 m in nine holes at IKE, investing approximately $2.9 million. Results are pending release over coming months.
Drill resultsAmarc Partners With Tsay Keh Dene Nation and Kwadacha Nation on Environmental Reclamation Project
Reclamation of two historical exploration camp sites, Stealth and Pine, abandoned by previous operators within the JOY porphyry Cu±Au District in north-central British Columbia, has been completed. The work was carried out by Amarc and Freeport-McMoRan Mineral Properties Canada Inc. in partnership with Tsay Keh Dene Nation, Kwadacha Nation and Takla Nation, with Chu Cho Industries providing labour and heavy equipment at Stealth. A video of the Stealth rehabilitation, produced by Chu Cho Environmental, is available on Amarc's website.
CorporateAmarc and Freeport Commence Extensive Drilling at the JOY Copper-Gold District, British Columbia
Core drilling has begun with two rigs at the 100%-owned JOY Copper-Gold District in north-central British Columbia, testing eight drill-ready sulphide mineralized systems, including the never-drilled Northwest Gossan target, plus the PINE, Canyon, Twins, SWT, South MEX and More MEX targets. The program is fully funded by Freeport-McMoRan Mineral Properties Canada Inc., which is earning in to JOY and can acquire up to 70% through $110 million in staged investments; Amarc remains operator.
Drill resultsAmarc Recommences Drilling at the DUKE DistrictReports on DUKE Deposit Winter Drilling
Drilling has recommenced at the 100%-owned DUKE porphyry copper-gold district in British Columbia, with twelve holes planned at the Svea Deposit Target and the new JO discovery, alongside ground and airborne geophysical surveys and up to 30 crew onsite. Winter 2024 drilling completed nine core holes totalling 4,828.2 m, with seven intersecting Cu-Mo mineralization above roughly 0.15% CuEQ over 104 m to 385 m, including 71 m of 0.45% CuEQ in DK24033. Boliden is continuing its earn-in with a further $10 million budgeted for 2024, with Amarc as operator. Paul Johnston has stepped down as VP Exploration.
Drill resultsAmarc Announces May Conference Participation
Amarc Resources will participate in two investor conferences in May 2024. The company is presenting at the Metals Investor Forum Vancouver on May 10-11 at the Paradox Hotel, with a corporate presentation by President and CEO Dr. Diane Nicolson on May 10 at 2:00 pm PT, and attending the 121 Mining Investment London Conference on May 15-16 for one-on-one investor meetings.
CorporateAmarc Gearing Up to Execute Extensive Drilling at JOY Copper-Gold District, British Columbia
An extensive 2024 drilling program at the 100%-owned JOY Copper-Gold District in north-central British Columbia is planned to start in late June, fully funded by Freeport-McMoRan Mineral Properties Canada Inc., with Amarc as operator. Drilling will test seven sulphide mineralized systems covering 3 to 7 km2 each, including the never-drilled Northwest Gossan target, which has a 3.7 km2 IP anomaly (>14 mV/V) and an internal 1,500 m by 500 m zone above 20 mV/V. Freeport can earn up to 70% of JOY through $110 million in staged investments.
Drill resultsAmarc Introduces the JO Porphyry Copper-Gold Discovery in the DUKE District
A new porphyry copper-gold target, JO, has been identified in the 722 km² DUKE District in central British Columbia, 6 km northwest of the SVEA Deposit Target and 36 km northwest of the DUKE Deposit. A discovery composite rock sample of five to six chips from mineralized boulders returned 0.18% Cu, 0.52 g/t Au, 16.05 g/t Ag and 55 ppm Mo, within a 3 km² IP chargeability anomaly (+15 mV/V). Boliden funded $10 million of exploration in 2023 and has budgeted a further $10 million for 2024, with Amarc as operator; reconnaissance drilling at JO is planned for summer 2024.
Drill resultsAmarc Announces Grant Of Options
6.4 million incentive stock options have been granted at $0.105 per share for terms of three to five years to management, directors and service providers, with 5.5 million going to insiders. The options are subject to any required TSX Venture Exchange acceptance. Amarc holds the 100%-owned IKE, DUKE and JOY porphyry copper±gold districts in British Columbia.
CorporateAmarc Appoints Dr. Paul Johnston As Vice President Exploration
Paul Johnston, PhD, P.Geo., has been appointed Vice President of Exploration of Amarc Resources, effective March 11, 2024. Roy Greig is stepping down from the role for family reasons and will continue as a consultant to the Company. Johnston previously spent 18 years with Teck Resources and most recently served as Vice President Exploration for Element 29 Resources Inc., working on the Elida Project in Peru.
ManagementAmarc Announces March Conference Participation
Amarc Resources will participate in three conferences in March 2024: the Metal Investors Forum Toronto on March 1-2, with a corporate presentation by President and CEO Dr. Diane Nicolson on March 1 at 10:10 am ET; PDAC 2024 in Toronto on March 3-6 at booth #2850; and the 2024 Kinvestor Critical Minerals & Mining Virtual Investor Conference on March 26 at 8:00 am PT. The company holds the 100%-owned JOY, DUKE and IKE Copper-Gold Districts in British Columbia.
CorporateAmarc Launches 2024 DUKE Copper-Gold District Drilling
A $10 million 2024 drill program has been mobilized at the 100%-owned, 722 km² DUKE Copper-Gold District in central British Columbia, funded by Boliden, with Amarc as operator. Winter drilling will follow up the DUKE Deposit and surrounding DUKE Deposit Target, with a second phase planned for summer to test district targets including Svea. Boliden can earn up to 70% of DUKE by funding $90 million in expenditures; a $10 million program was completed in 2022-2023.
Drill resultsAmarc’s Comprehensive 2023 Surveys at DUKE Confirm Porphyry Copper-Gold Deposit Potential Across the District
District-wide 2023 surveys across the 722 km² DUKE district in central British Columbia identified multiple porphyry copper-gold systems, defining six new drill targets in addition to the DUKE Deposit and DUKE Deposit Target. The Svea target features a 7 km² IP chargeability anomaly, 1,500 m of biotite-feldspar porphyry strike length, copper-in-soil anomalies above 100 ppm, and historical 1969 drilling including 0.36% Cu and 0.18 g/t Au over 23.7 m. Boliden funded $10 million in 2023 and has budgeted a further $10 million for 2024; Svea drilling is planned for summer 2024.
Drill resultsAmarc Attending Three Vancouver Conferences in January
Amarc Resources will participate in three Vancouver conferences in January 2024: the Metals Investor Forum Vancouver on January 19-20, where CEO Dr. Diane Nicolson presents on January 19 at 12:00 pm; the Vancouver Resource Investment Conference on January 21-22 at booth #300; and the AME Roundup Conference on January 22-25 at booth #624. The company holds the 100%-owned JOY, DUKE and IKE copper-gold districts in British Columbia, with funding in place for discovery drilling in 2024.
CorporateAmarc 2023 Year in Review Fully Funded for Extensive 2024 Drilling
All of Amarc's British Columbia copper-gold projects are funded for 2024, following a $2.77 million international financing completed in late 2023, of which about $2 million is allocated to exploration. At the JOY District, Freeport-McMoRan, which may earn up to 70% by investing $110 million, will fund drilling starting in the second quarter. At DUKE, Boliden will fully fund a $10 million 2024 program with drilling planned to begin in February, under an agreement to earn up to 70% by investing $90 million.
Corporate
202323 releases
Amarc and Boliden Prepare for 2024 Drilling Program at DUKE Copper-Gold District
Preparations have begun with Boliden Mineral Canada Ltd. for a 2024 drilling program at Amarc's 100%-owned 722 km2 DUKE Copper-Gold District, 80 km northeast of Smithers in central British Columbia, with drilling to start on site in February as part of a budgeted $10 million expenditure fully funded by Boliden, with Amarc as operator. Drilling will focus on the DUKE Deposit and surrounding DUKE Target, following the 11,086 m 2022-2023 program. Boliden can earn up to 70% by funding $90 million in expenditures.
Drill resultsAmarc Completes $2.77 Million Financings
Two concurrent private financings have closed for aggregate proceeds of $2.77 million, with 25,000,000 common shares and 4,807,693 five-year warrants exercisable at $0.08 issued. Of the shares, 15,384,615 were flow-through shares priced at $0.13, and 9,615,385 formed part of non-flow-through units at $0.08 per unit (each unit including one-half warrant) for proceeds of $769,231. Flow-through proceeds will fund exploration of Amarc's British Columbia copper-gold projects; non-flow-through proceeds are for general working capital. The securities carry a four-month Canadian hold period and no commissions were paid.
FinancingAmarc Announces $2.77 Million in Equity Financings
Two concurrent private placements totalling $2.77 million have been agreed: 15,384,615 flow-through shares at $0.13 each for $2,000,000, and 9,615,385 non-flow-through units at $0.08 each for $769,231 with The Sutton Group Inc., each unit including one share and half a five-year warrant exercisable at $0.08. Sutton will also buy the flow-through shares as end-buyer, raising its holding to 40,423,101 shares, or 19.1%. Flow-through proceeds fund British Columbia copper-gold exploration; closing is expected about November 30, 2023, subject to TSXV acceptance.
FinancingAmarc Completes Comprehensive Field Programs to Assess Porphyry Copper-Gold Targets Across the DUKE District
Airborne and surface exploration surveys have been completed across 16 porphyry Cu-Au targets at the 100%-owned DUKE District in central British Columbia, including 5,759 line-km of high resolution airborne magnetics, 678 km2 of LiDAR, 68 line-km of ground magnetics, 122 line-km of IP geophysics, 6,079 grid soil samples and 315 rock samples, plus geological mapping. Results will be released once compiled and interpreted, and will be used to confirm 2024 drill targets. The $10 million in 2023 DUKE exploration expenditures is fully funded by Boliden Mineral Canada Ltd. under an earn-in agreement, with Amarc as operator.
Drill resultsAmarc Appoints Dr. James Lang as Technical Advisor Further Strengthening Its Team
Dr. James Lang, P.Geo., has been appointed as a technical advisor to Amarc Resources. Lang has 40 years of global experience, received his PhD from the University of Arizona in 1991, led applied research on alkalic copper-gold porphyry deposit exploration models at UBC's Mineral Deposit Research Unit, and spent some 16 years with Hunter Dickinson Inc., including involvement in the Pebble (Alaska) and Xietongmen (Tibet) discoveries and earlier studies in Amarc's IKE District.
ManagementAmarc and Freeport-McMoRan Mineral Properties Canada Inc. Commence Planning for the 2024 JOY Copper-Gold District Drilling Program
Planning has begun with Freeport-McMoRan Mineral Properties Canada Inc. for an extensive drilling program at the 100%-owned JOY Copper-Gold District in north-central British Columbia, slated to start on site in early June 2024 and to be fully funded by Freeport, with Amarc as operator. The 2023 field program is complete, comprising 638 line-km of airborne magnetotelluric geophysics, 30 km2 of ground MT, 72.5 line-km of induced polarization, 465 traverse-km, 769 rock chip and 1,788 soil samples. Freeport can earn up to 70% through $110 million in staged investments.
Drill resultsAmarc Resources Ltd. to Present at the Metals and Mining Virtual Investor Conference October 3, 2023
President and CEO Dr. Diane Nicolson will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on October 3, 2023 at 11 am Eastern, with one-on-one meetings available October 3, 4 and 5. An archived webcast will be available after the event. Amarc holds 100% interests in the JOY, DUKE and IKE copper-gold districts in British Columbia, with earn-in funding from Freeport-McMoRan at JOY and Boliden at DUKE.
CorporateAmarc to Present at the 2023 Kinvestor Days Virtual Conference Mining Day
President and CEO Dr. Diane Nicolson will present at the 2023 Kinvestor Days Virtual Conference on September 19, 2023 at 8:00 am PT (11:00 am ET), with free registration available online. Amarc holds a 100% interest in the JOY, DUKE and IKE Cu-Au districts in British Columbia, with major partners earning in and funding exploration at JOY and DUKE. More than 11,000 metres of drilling was completed at DUKE in late 2022-early 2023, with airborne and ground surveys refining targets for early 2024 drilling.
CorporateAmarc Establishes Indigenous Scholarship For Lake Babine Nation As Part Of DUKE Area Claims Option With Prospector Richard J Billingsley
An option agreement with prospector Richard J Billingsley gives Amarc the right to acquire a 100% interest in mineral claims covering some 2.34 km2 within and near the northern extent of the 678 km2 DUKE property in British Columbia. Consideration is 200,000 Amarc shares, annual cash payments of $5,000, and funding of a $20,000 annual Indigenous scholarship for 10 years, totalling 200,000 shares and $250,000 cash, subject to a 2% NSR capped at $10 million. The agreement requires TSX Venture Exchange approval and is subject to Boliden's DUKE earn-in right.
CorporateAmarc and Freeport Launch Comprehensive Exploration Program across the JOY Copper-Gold District
The 2023 field program has begun at the 100%-owned 482 km² JOY Copper-Gold District in north-central British Columbia, fully funded by Freeport-McMoRan Mineral Properties Canada Inc. with Amarc as operator. Work includes an airborne Magneto-Telluric survey covering 140 km², ground MT surveys starting this month, geological mapping, soil, rock and IP surveys, and rehabilitation of road and bridge access to the PINE Deposit, in preparation for an intended 2024 drilling program.
Drill resultsAmarc‘s Drilling Continues to Expand the DUKE Deposit: Surveys Underway Throughout the Surrounding DUKE Copper-Gold District
Phase 1 drilling at the DUKE porphyry Cu-Au district in central British Columbia totalled 24 core holes (11,086 m) completed in 80 drill days between early December 2022 and mid-March 2023, returning intercepts including 217 m of 0.45% CuEQ in DK22010, 183 m of 0.43% CuEQ in DK22009 and 30 m of 0.47% CuEQ in DK23012, located 500 m northwest of the deposit. The deposit footprint now measures 650 m north-south by 800 m east-west to at least 600 m depth. A 5,759 line-km aeromagnetic survey has been completed and ground surveys are evaluating 16 targets for winter 2023-2024 drilling, with $10 million in 2023 expenditures funded by Boliden.
Drill resultsAmarc To Present At The John Tumazos Very Independent Research Llc Virtual Conference Wednesday June 7, 2023.
Amarc will present at the John Tumazos Very Independent Research Conference, held virtually on June 6 and 7, 2023, with President and CEO Dr. Diane Nicolson and HDI CEO Ron Thiessen presenting on June 7, 2023 at 8:30AM EDT on the Company's three copper-gold districts in British Columbia. Playback will be available at the registration link. Freeport at JOY and Boliden at DUKE can each earn up to 70% by funding $110 million and $90 million of staged earn-in expenditures, respectively.
CorporateAmarc to Present at the Emerging Growth Conference on Wednesday, May 17, 2023
President and CEO Dr. Diane Nicolson will present at the Emerging Growth Conference on May 17, 2023 at 4:05 PM Eastern time for 30 minutes, covering Amarc's three copper-gold districts in British Columbia. A question period will follow if time permits, and an archived webcast will be made available on EmergingGrowth.com and the Emerging Growth YouTube channel. Amarc holds 100% of the IKE, DUKE and JOY porphyry Cu±Au districts in southern, central and northern BC.
CorporateAmarc Remobilizes to DUKE District; Initiates Systematic Assessment of Porphyry Copper-Gold Targets
Exploration crews have remobilized to the 100%-owned DUKE porphyry copper-gold district in central British Columbia, where airborne magnetics, ground Induced Polarization, soil geochemistry and mapping surveys will assess 16 prioritized porphyry Cu-Au targets to define drill targets for winter 2023-2024. The $10 million of 2023 exploration expenditures at DUKE is fully funded by Boliden Mineral Canada Ltd. under a Mineral Property Earn-in Agreement, with Amarc as operator. Assay results from the DUKE Deposit drilling program will be released shortly.
NewsAmarc Completes Phase 1 Drilling Program at Its DUKE Copper-Gold District, BC. Next Exploration Phase Planned to Commence in June
Phase 1 core drilling is complete at the 100%-owned DUKE porphyry copper-gold district in central British Columbia, with three rigs completing 11,070 m in 24 core holes; two rigs delineated the DUKE Cu-Mo-Ag-Au deposit and a third began testing a 4.7 km2 IP chargeability anomaly. Phase 2 surface surveys over 10 prioritized targets are planned to begin in early summer, with the $10 million 2023 program fully funded by Boliden Mineral Canada under the earn-in agreement. Amarc also granted 520,000 incentive stock options at $0.125 per share for three years.
Drill resultsAmarc JOY District Drilling Significantly Expands PINE Cu-Au Deposit and Makes Important New Discovery at Canyon
2022 drilling at the 482 km² JOY District in north-central British Columbia totalled 37 core holes (15,427 m) and expanded the PINE Cu-Au Deposit to over 1,700 m of strike length, with intercepts including 204 m of 0.42% CuEQ (0.18% Cu, 0.41 g/t Au, 2.3 g/t Ag) and 105 m of 0.40% CuEQ. Scout drilling discovered new porphyry mineralization at the 5 km² Canyon target, where hole JP22030 returned 296 m of 0.39% CuEQ including 96 m of 0.51% CuEQ. Freeport-McMoRan, earning in for up to 70%, has invested about $20 million over two years; Amarc is operator.
Drill resultsAmarc Attending Conferences in March
Amarc's executive team will attend the Prospectors & Developers Association of Canada Conference in Toronto from March 5-9, 2023, with a corporate presentation by President & CEO Dr. Diane Nicolson on March 6 at 10:02 am EST and a booth (#2850) in the Investor Exchange. The Company will also present at the virtual KINvestor Green Future Conference on March 28, 2023 at 8 am PST.
CorporateAmarc’s Ongoing Drilling Continues To Expand DUKE Deposit: Drills 309 m of 0.42% CuEQ, within 557 m of 0.36% CuEQ
Drill hole DK22010 at the DUKE porphyry Cu-Au district in central British Columbia returned 309 m of 0.42% CuEQ (0.31% Cu, 0.017% Mo, 0.08 g/t Au, 1.8 g/t Ag) from 8.6 m, including 57 m of 0.68% CuEQ from 243 m, within 557 m of 0.36% CuEQ. The hole, collared 200 m east of DK22009, extends the deposit east and at depth. Amarc and partner Boliden, which is earning up to 70% by funding CDN$90 million, agreed to add a third drill rig.
Drill resultsAmarc’s Initial Drill Results Extend DUKE Deposit to Depth: Drills 542 m of 0.33% CuEQ From Surface at DUKE Deposit, Including 126 m of 0.52% CuEQ
Hole DK22009 at the DUKE porphyry Cu-Au district in central British Columbia returned 541.6 m of 0.33% CuEQ (0.24% Cu, 0.016% Mo, 0.04 g/t Au, 1.2 g/t Ag) from 9.4 m, including 182.62 m of 0.43% CuEQ from 65 m and 125.62 m of 0.52% CuEQ from 122 m, extending the deposit to greater depth. It is the first of two holes completed in December 2022 under the earn-in agreement with Boliden, which can earn up to 70% by funding CDN$90 million. Two rigs continue drilling.
Drill resultsAmarc’s Extensive Surface Surveys Identify and Expand Porphyry Copper-Gold Deposit Drill Targets across the JOY Copper-Gold District
New and expanded porphyry copper-gold drill targets have been identified across the 482 km², 100%-owned JOY District in north-central British Columbia, based on 56.3 new line-km of IP surveys and 2,468 soil samples in 2022 integrated with earlier work. Targets include NW Gossan (>2.2 km²), South MEX (>1.9 km²), SWT (3 km²) and an expanded Twins anomaly of 7 km². Assays from 37 core holes (15,427 m) drilled in 2022 are still pending. Freeport-McMoRan, earning in, has invested about $20 million over two years.
Drill resultsDrilling Recommences at Amarc’s DUKE Copper-Gold District, BC
Core drilling has resumed at the 100%-owned DUKE porphyry copper-gold district, 80 km northeast of Smithers in central British Columbia, after a year-end break in which two holes were completed. One rig is turning now, with a second arriving later this week; one will delineate the DUKE Deposit and the other will test the 3 km2 IP chargeability anomaly surrounding it. The program is funded by Boliden, which has committed $5 million with a further $5 million expected during 2023 under an earn-in for up to 70% by investing up to $90 million.
Drill resultsVisit Amarc at three Conferences in Vancouver This Month
Amarc Resources will participate in three Vancouver conferences in January 2023: the AME Roundup Conference on January 23–24 (booth #316), the Metal Investors Forum on January 27–28, including a presentation by CEO Dr. Diane Nicolson on January 28 at 12:20 pm and a fireside chat with Executive Chair Robert Dickinson at 1:50 pm, and the Vancouver Resource Investment Conference on January 29–30 (booth #300), with a presentation January 29 at 11:40 am.
CorporateAmarc 2022 a Transformative Year and Corporate Outlook
A 2022 review reports 15,427 m of core drilling in 37 holes at the Freeport-funded JOY Copper-Gold District in British Columbia, with the budget expanded to approximately CDN$14 million and assays delayed at the laboratory but now being received, to be released over coming weeks. An earn-in agreement with Boliden Mineral Canada on the DUKE District was completed in November, with drilling started before year end. Freeport and Boliden can earn up to 70% by funding CDN$110 million and CDN$90 million respectively, with Amarc as operator.
Corporate
202213 releases
Amarc and Boliden Commence Drilling the DUKE Copper-Gold District, BC
Drilling has begun at the 100%-owned DUKE porphyry copper-gold district, 80 km northeast of Smithers in central British Columbia, as the first phase funded under the earn-in agreement with Boliden Mineral Canada Ltd., under which Boliden may earn up to a 70% interest by investing up to $90 million. Core drilling at the DUKE Deposit will continue until the Christmas break and resume early in 2023, with surface programs testing some 12 prioritized targets planned for 2023. Amarc is operator.
Drill resultsAmarc’s DUKE Copper-Gold District to Be Advanced with Funding from Boliden
Boliden Mineral Canada Ltd., a wholly-owned subsidiary of the Boliden Group, has signed a Mineral Property Earn-in Agreement allowing it to acquire up to a 70% interest in Amarc's 100%-owned 678 km2 DUKE porphyry copper-gold district, 80 km northeast of Smithers, British Columbia. An initial 60% requires CDN$30 million of expenditures within four years, including a committed CDN$5 million in 2022 and early 2023; a further 10% requires CDN$60 million over six years at minimum CDN$10 million annually. Amarc is operator during the initial stage.
FinancingAmarc’s JOY Copper-Gold District Exploration Program Expands as Freeport Continues to Earn-in
Freeport-McMoRan Mineral Properties Canada is spending approximately CDN$14 million in 2022 as its Year 2 earn-in contribution to exploration at Amarc's 100%-owned 482 km2 JOY copper-gold district in north-central British Columbia, where Amarc is operator; Freeport contributed $5.94 million in Year 1. The 2022 program completed 15,427 m of helicopter-supported drilling in 37 holes to October 2 at the PINE Deposit and other district targets, plus 56.3 line-km of IP geophysics and 2,648 soil and 313 rock samples. More than 8,000 samples are at the laboratory, with results to be released as received.
Drill resultsAmarc Message From the CEO: September 2022
A message from President and CEO Dr. Diane Nicolson reviews Amarc's 100%-owned JOY, DUKE and IKE copper-gold districts in British Columbia, each hosting one or more known porphyry copper deposits and additional targets. The Company has one major mining partner funding non-dilutive exploration at JOY and intends to seek further partnerships for its remaining assets. The release cites an S&P Global forecast of copper demand rising from 25 MMt in 2021 to 50 MMt by 2035 and 53 MMt by 2050.
CorporateAmarc Makes Substantial Progress with Drilling and Surface Surveys at its JOY Copper-Gold District
As of August 15, 2022, 13 holes totalling 6,783 m had been completed at the PINE Deposit and the Twins and SWT targets at the 100%-owned JOY Cu-Au District in north-central British Columbia, where a minimum 10,000 m of drilling is planned and the program is expected to run into late September, with assays starting to arrive later in September. Surface work completed includes 44 line-km of IP geophysics, 1,615 soil samples and 220 rock samples. A 100 drill site permit and approval for a 67 person camp were received, and Freeport-McMoRan Mineral Properties Canada is earning into the project with Amarc as operator.
Drill resultsAmarc Progressing its BC Copper-Gold Districts and Engages Kin Communications Inc.
Kin Communications Inc. has been engaged to provide investor relations services for a period of twelve months and on a month-to-month basis thereafter, at $12,500 per month for the initial 12-month period. Kin was also granted options to purchase 1,000,000 common shares at $0.11 per share over a five-year term, vesting in instalments of 33%, 33% and 34%, with the first vesting 90 days after the agreement's effective date. The agreement and option grant are subject to regulatory approval. Amarc holds the IKE, DUKE and JOY porphyry copper-gold districts in BC, with Freeport partnered on JOY.
CorporateAmarc Completes Loan Transaction and Mineral Claims Option
Funding has been received under a Second Loan Amendment Agreement dated May 25, 2022, under which Amarc borrowed a further $100,000 from director Robert Dickinson, raising total amounts owed to him to $1.1 million; the unsecured loan bears 10% interest and is repayable on or before November 26, 2024, with 1,176,470 bonus warrants exercisable at $0.085 per share. Proceeds paid the initial $100,000 option payment on a five-claim BC mineral group, with a further $900,000 payable at $100,000 per year and a 2% NSR royalty. Geophysical work is planned immediately.
FinancingVisit Amarc At The Prospectors & Developers Association Conference
Amarc Resources will exhibit at Booth #3240 in the Investors Exchange at the 2022 Prospectors and Developers Association Conference, held at the Toronto Convention Centre South on June 13, 14 and 15 from 10 am to 5 pm. President and CEO Diane Nicolson and Executive Chair Bob Dickinson will be available to discuss the company's three 100%-owned copper±gold districts in British Columbia — JOY, IKE and DUKE — which host four known copper±gold deposits and 10 permitted porphyry copper-gold targets.
CorporateAmarc Announces Amendment To Loan Agreement
A Second Loan Amendment Agreement dated May 25, 2022 increases an existing $1 million loan from a director and significant shareholder by $100,000. The unsecured loan bears 10% annual interest and is repayable on or before the earlier of November 26, 2024, a default, or achievement of financing milestones, with 1,176,470 bonus warrants exercisable at $0.085 for five years. Proceeds will pay the initial $100,000 option requirement on a five-claim BC mineral group, with further payments totalling $900,000 at $100,000 per year.
FinancingVisit Amarc at the Vancouver Resource Investment Conference
Amarc Resources will exhibit at the 2022 Vancouver Resource Investment Conference at the Vancouver Convention Centre West, Exhibit Hall C, on May 17 and 18 from 8:30 am to 5:30 pm at Booth #916, where President and CEO Diane Nicolson and Executive Chair Bob Dickinson will discuss its 100%-owned JOY, IKE and DUKE copper±gold districts in British Columbia. Technical advisor CJ (Charlie) Greig received the A.O. Dufresne Exploration Achievement Award from the Canadian Institute of Mining, Metallurgy and Petroleum on May 2, 2022.
CorporateMark Rebagliati Receives the J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum
Mark Rebagliati, Technical Advisor to Amarc Resources and Executive Vice President Exploration for Hunter Dickinson Inc., was selected as the 2022 recipient of the J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum, with the ceremony held May 2, 2022. Until earlier this year, Rebagliati oversaw on-the-ground exploration for Amarc's three porphyry copper-gold districts in British Columbia — IKE, DUKE and JOY.
CorporateAmarc Announces Grant of Options
3.46 million incentive stock options have been granted to service providers of Amarc Resources Ltd., exercisable at $0.12 per share for periods of three to five years, with 50% granted to insiders. The options are subject to TSX Venture Exchange acceptance and vesting provisions over 24 months.
CorporateAmarc Provides Update on JOY Copper-Gold District, BC: Initial 2021 Drilling Expands Pine Deposit, Intersecting 101.9 m of 0.56% CuEQ¹, Additional Large-Scale Porphyry Copper-Gold Deposit Targets Confirmed
Assay results from a nine-hole, 4,300 m drill program completed in 2021 with Freeport-McMoRan at the 482 km² JOY copper-gold district in north-central British Columbia included 101.90 m of 0.56% CuEQ (0.23% Cu, 0.57 g/t Au, 2.4 g/t Ag) and 244.10 m of 0.35% CuEQ at the PINE Deposit. Scout holes intersected porphyry-style mineralization at the Twins and Canyon targets, and drilling is being planned for 2022. Tom Wilson was appointed interim CFO, replacing Jeannine Webb.
Drill results