VANCOUVER, Oct. 27 /PRNewswire/ - Amarc Resources Ltd.
("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AXREF) announces
that it has launched a new corporate website at
www.amarcresources.com. The new site is designed to provide the
investing public with detailed, up-to-date information on Amarc's
business activities and core assets - in particular, the Newton
Gold Property and Plateau Gold-Copper Belt located in south-central
British Columbia (BC).
In late 2009, the Company made an important new
gold discovery at Newton, a highly prospective property with the
potential to host a significant bulk-tonnage gold deposit. A
comprehensive 2010 surface exploration program is defining a world
class mineralized system ready for drill testing. Amarc is earning
an 80% interest in the Newton property and is the operator of the
project.
In addition, Amarc holds a 100% interest in
3,300 square kilometers of mineral claims that comprise the Plateau
Gold-Copper Belt, extending to the north and south of Newton. The
Company's senior geological team believes the Belt holds excellent
potential for the discovery of gold-copper porphyries and
epithermal gold deposits. Amarc has completed a 7,000 line
kilometre airborne geophysical survey and extensive ground surveys
are continuing over the Plateau Gold-Copper Belt with incoming
results defining several compelling bulk tonnage copper-molybdenum
targets.
"Over the past year, Amarc has made great
progress in the search for BC's next major metal mine, with both a
discovery at Newton and the delineation of several exciting drill
targets throughout the Plateau Gold-Copper Belt," said Amarc
Chairman Bob Dickinson. "Once
current surface activities are completed, drilling of these
important targets will commence.
With the development and launch of a new Amarc
website, we want to ensure that our shareholders, as well as the
broader financial and mining community, can readily follow the
progress of our exploration activities in this very promising
region."
The new Amarc website presents extensive
information on the Newton bulk-tonnage gold discovery, including
detailed background on geology and new drill targets outlined in
2010. It also describes the Plateau Gold-Copper Belt and the new
bulk-tonnage copper-molybdenum targets that are being established
from ground geophysical and geochemical surveys. In addition,
key corporate information is provided on the Company's business
strategy, management, financial results and recent investor
presentations as well as upcoming appearances.
Dickinson described the website as part of a
broader initiative to communicate Amarc's unique value to
investors. "Given British
Columbia's declining trade balance and weakness in other
natural resource sectors, new investment in mineral exploration and
development has the potential to both form a base for future
economic development and to support the Province's recovering
economy right now," he said. "British Columbia is a progressive jurisdiction
with rigorous environmental standards and a supportive
socioeconomic environment. The new Amarc website will be used
to deliver updates and information not just about our projects, but
also in relation to the BC minerals industry at large."
The Newton property and the Plateau Gold-Copper
Belt are located some 100 kilometres southwest of the City of Williams Lake in a region
characterized by subdued topography. The district is well served by
existing transportation, power infrastructure and skilled
personnel, which support a number of operating mines and late-stage
development projects.
Amarc Resources Ltd. is a Vancouver-based exploration and development
company affiliated with Hunter Dickinson Inc. (HDI) a diversified,
global mining company with a 25-year history of mineral development
success including in BC - Golden
Bear, Mt. Milligan and Kemess. From its head office in
Vancouver, Canada, HDI applies its
unique strengths and capabilities to acquire, develop, operate and
monetize mineral properties that provide consistently superior
returns to shareholders.
ON BEHALF OF THE BOARD
Ronald W.
Thiessen
President & CEO
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. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the
ability to obtain necessary permits, licenses and title and delays
due to third party opposition, changes in 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.
SOURCE Amarc Resources Ltd.
Copyright . 27 PR Newswire