Amarc Resources Ltd. (TSXV: AHR | OTCQB: AXREF) has discovered a new, high-grade, gold-rich porphyry copper-gold-silver deposit, known as the AuRORA deposit, at its100% owned JOY Copper-Gold District in north-central British Columbia. This area, known for its rich mineral deposits, had never been drill tested previously.
Amarc partners, Freeport-McMoRan Mineral Properties Canada Inc., are fully funding the work programmes at JOY to earn an interest in the project, and Amarc is the operator of all programmes.
Hole JP24057, the first hole ever drilled at AuRORA, intersected a new porphyry Cu-Au-Ag system hosting high and continuous Au grades. Following completion of this discovery hole, Amarc, with Freeport, systematically stepped out, aggressively drilling with three core rigs, with a view to begin outlining an outstanding Cu-Au-Ag deposit and to confirm its high-grade potential.
“This impressive new, high grade porphyry copper-gold-silver discovery is a pivotal moment for Amarc and its shareholders,” said Dr. Diane Nicolson, Amarc President and CEO. “It represents a significant inflection point in the exploration of the JOY District with Freeport. Our discovery is the culmination of years of relentless groundwork by the Amarc team, coupled with the firm, unwavering belief, shared by Freeport, that the JOY District holds significant potential for high grade porphyry gold-copper deposits. This discovery comes during a period of positive market sentiment for gold, copper and silver, which we believe further increases the attractiveness of Amarc as an exciting investment opportunity.”
The AuRORA Deposit Discovery is located within the expansive Northwest Gossan Target area located at the northwest end of a possible 15km mineralized trend that extends southeast toward the GAP and SWT Targets. The NWG Target is outlined by a 3.7km2 Induced Polarization anomaly (>14mV/V) with coincident Cu, Au, Mo, and Ag anomalies outlined in soils and rocks. The 2024 initial drill testing of the NWG Target area focused primarily on an internal zone of higher (>20mV/V) IP chargeability some 1,500m long and 500m wide. Much of the NWG Target area remains unexplored.
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