Amarc commences drilling on the Aspira property
* Reuters is not responsible for the content in this press release.
VANCOUVER, Aug. 27 /PRNewswire-FirstCall/ - Amarc Resources Ltd. (TSX-V: AHR,
OTCBB: AXREF) announces that diamond drilling has commenced at its 100%-owned
Aspira property. The Aspira property is part of the highly prospective Sitlika
Zinc-Copper Belt, which has significant potential for the discovery of
zinc-copper rich volcanogenic massive sulphide (VMS) deposits.
The Aspira property is located in central British Columbia some 40 kilometres
northeast of the town of Burns Lake and 35 kilometres north of the Endako
Mine. It is approximately 44 kilometres by logging road to the Yellowhead
Provincial Highway and the CNR rail line, which provide access to the bulk
shipping terminals at Prince Rupert to the west.
The Aspira targets are defined by positive results from extensive soil
geochemical sampling (5,184 samples), geological mapping, a 37 kilometre-line
induced polarization geophysical survey, and a helicopter-borne AeroTem II
magnetic geophysical survey.
These surveys have delineated four significant target areas along an
11-kilometre trend (see Aspira Project maps at www.amarcresources.com). The
target areas show strongly anomalous zinc concentrations (500 ppm to
8,581 ppm) in soils with associated anomalous concentrations of copper, which
are coincident with a pronounced trough feature internal to a linear,
northwest-trending magnetic high and a chargeability high. Geological mapping
has shown that the target areas are associated with a felsic volcanic and
sedimentary rock package that represents typical stratigraphy for VMS type
mineralization.
A drill access road has been constructed and the initial program of 15 diamond
drill holes is in progress.
About Amarc
Amarc Resources Ltd. is a Vancouver-based exploration and development company,
focused on making the next major mineral deposit discovery in British
Columbia. Amarc is affiliated with Hunter Dickinson Services Inc., the
personnel and management of which have enjoyed considerable success in BC
through their involvement with the Golden Bear, Mt. Milligan, Kemess,
Prosperity, Gibraltar and Harmony deposits.
Mark Rebagliati, P.Eng., a Qualified Person as defined under National
Instrument 43-101, is supervising the exploration and quality assurance and
quality control programs on behalf of Amarc and has reviewed the content of
this release.
ON BEHALF OF THE BOARD
Ronald W. Thiessen
President & CEO
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
Cautionary and Forward Looking Statement 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 possible future exploration results, resource
potential or developments that Amarc expects to occur 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. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, effect of and changes to government policies regarding
mining and natural resource exploration and exploitation, availability of
capital and financing, geopolitical uncertainty and political and economic
instability, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and those actual results or developments may differ materially
from those projected in the forward-looking statements. For more information
on the Company, Investors should review the Company's annual Form 20-F filing
with the United States Securities and Exchange Commission and its home
jurisdiction filings that are available at www.sedar.com.
SOURCE Amarc Resources Ltd.
please visit the Company's website at www.amarcresources.com or contact
Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
The Company will be launching updates on its website shortly.
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