VANCOUVER,
June 18, 2012 /PRNewswire/ - Amarc
Resources Ltd. ("Amarc" or the "Company") (TSX Venture: AHR; OTCBB:
AXREF) announces assay results from a further 20 delineation drill
holes completed at the Newton gold discovery, south-central
British Columbia. The new
results from the Newton bulk tonnage gold system bring the total
number of holes with important gold intercepts to 67.
Delineation drilling of the Newton gold discovery commenced in late
September 2011 and has progressed
rapidly, with the completion of approximately 16,000 metres in 45
diamond drill holes (holes 11044 to 12088). Total drilling of
the Newton deposit is now approximately 23,300 metres in 72
holes.
Results from the 20 new delineation holes within
the deposit are summarized in the Table of Assay Results below.
Significant new intercepts include 204 metres at 0.71 g/t gold and
3 metres at 21.10 g/t gold in holes 82 and 84, respectively.
A drill plan and other information regarding the Newton Project are
available on Amarc's website:
http://www.amarcresources.com/i/ahr/maps/AHR_NR_Jun2012_large.jpg.
The results from three additional drill holes (12086 to 12088) are
pending.
NEWTON PROJECT
TABLE OF ASSAY RESULTS
Drill Hole²
ID
|
Incl. |
From
(m)
|
To
(m)
|
Int.³
(m) |
Au
(g/t) |
Ag
(g/t) |
AuEQ¹
(g/t) |
12066 |
No reportable
intercepts |
12067 |
|
19.5 |
100.0 |
80.5 |
0.32 |
7.3 |
0.45 |
12067 |
incl. |
19.5 |
55.0 |
35.5 |
0.44 |
6.6 |
0.55 |
12067 |
|
160.0 |
250.0 |
90.0 |
0.30 |
2.7 |
0.35 |
12068 |
|
33.0 |
39.0 |
6.0 |
0.47 |
1.8 |
0.50 |
12068 |
|
66.0 |
162.0 |
96.0 |
0.46 |
2.8 |
0.51 |
12068 |
incl. |
126.0 |
162.0 |
36.0 |
0.69 |
4.0 |
0.75 |
12068 |
and |
147.0 |
162.0 |
15.0 |
1.02 |
5.9 |
1.12 |
12068 |
|
246.0 |
252.0 |
6.0 |
0.92 |
2.0 |
0.96 |
12069 |
|
28.0 |
102.0 |
74.0 |
0.40 |
3.9 |
0.47 |
12069 |
incl. |
63.0 |
72.0 |
9.0 |
0.76 |
3.8 |
0.82 |
12069 |
incl. |
90.0 |
102.0 |
12.0 |
0.56 |
4.8 |
0.64 |
12069 |
|
279.0 |
306.0 |
27.0 |
0.49 |
2.8 |
0.54 |
12070 |
|
74.0 |
104.0 |
30.0 |
0.38 |
3.0 |
0.43 |
12070 |
|
203.0 |
221.0 |
18.0 |
0.35 |
0.8 |
0.36 |
12070 |
|
266.0 |
293.0 |
27.0 |
0.80 |
3.1 |
0.86 |
12070 |
incl. |
278.0 |
293.0 |
15.0 |
1.12 |
4.9 |
1.20 |
12071 |
|
104.0 |
113.0 |
9.0 |
0.33 |
0.3 |
0.33 |
12071 |
|
203.0 |
218.0 |
15.0 |
0.40 |
1.9 |
0.43 |
12072 |
No reportable
intercepts |
12073 |
|
115.0 |
124.0 |
9.0 |
0.37 |
0.8 |
0.38 |
12074 |
|
37.0 |
46.0 |
9.0 |
0.40 |
2.0 |
0.43 |
12075 |
No reportable
intercepts |
12076 |
|
288.0 |
459.0 |
171.0 |
0.69 |
2.1 |
0.73 |
12076 |
incl. |
321.0 |
447.0 |
126.0 |
0.82 |
2.2 |
0.86 |
12076 |
and |
321.0 |
342.0 |
21.0 |
0.96 |
4.6 |
1.04 |
12076 |
and |
384.0 |
447.0 |
63.0 |
1.07 |
1.5 |
1.09 |
12077 |
|
94.0 |
106.0 |
12.0 |
0.33 |
0.8 |
0.35 |
12078 |
No reportable
intercepts |
12079 |
|
20.2 |
173.0 |
152.8 |
0.70 |
4.7 |
0.78 |
12079 |
incl. |
23.0 |
53.0 |
30.0 |
1.08 |
9.8 |
1.24 |
12079 |
incl. |
116.0 |
173.0 |
57.0 |
0.78 |
3.8 |
0.84 |
12080 |
No reportable
intercepts |
12081 |
|
130.0 |
139.0 |
9.0 |
0.53 |
1.2 |
0.55 |
12082 |
|
38.0 |
242.0 |
204.0 |
0.71 |
3.1 |
0.76 |
12082 |
incl. |
56.0 |
98.0 |
42.0 |
0.84 |
4.7 |
0.92 |
12082 |
incl. |
125.0 |
131.0 |
6.0 |
3.40 |
6.0 |
3.50 |
12082 |
incl. |
158.0 |
188.0 |
30.0 |
0.85 |
4.2 |
0.92 |
12082 |
incl. |
194.0 |
224.0 |
30.0 |
0.82 |
1.5 |
0.85 |
12082 |
|
305.0 |
314.0 |
9.0 |
0.52 |
3.9 |
0.58 |
12082 |
|
365.0 |
401.0 |
36.0 |
0.42 |
1.9 |
0.45 |
12083 |
|
106.0 |
118.0 |
12.0 |
0.66 |
3.6 |
0.72 |
12083 |
|
136.0 |
145.0 |
9.0 |
0.36 |
0.9 |
0.37 |
12083 |
|
160.0 |
205.0 |
45.0 |
0.57 |
2.1 |
0.60 |
12083 |
incl. |
160.0 |
184.0 |
24.0 |
0.79 |
1.7 |
0.82 |
12083 |
|
259.0 |
289.0 |
30.0 |
0.57 |
4.5 |
0.64 |
12084 |
|
69.0 |
72.0 |
3.0 |
4.71 |
1.3 |
4.73 |
12084 |
|
90.0 |
99.0 |
9.0 |
1.01 |
8.0 |
1.14 |
12084 |
|
153.0 |
195.0 |
42.0 |
0.56 |
3.7 |
0.62 |
12084 |
incl. |
156.0 |
180.0 |
24.0 |
0.70 |
5.0 |
0.78 |
12084 |
|
243.0 |
279.0 |
36.0 |
2.63 |
2.4 |
2.67 |
12084 |
incl. |
249.0 |
252.0 |
3.0 |
21.10 |
1.2 |
21.12 |
12084 |
|
291.0 |
549.0 |
258.0 |
0.44 |
1.4 |
0.47 |
12084 |
incl. |
360.0 |
432.0 |
72.0 |
0.58 |
1.1 |
0.60 |
12084 |
incl. |
507.0 |
546.0 |
39.0 |
0.76 |
2.2 |
0.80 |
12085 |
No reportable
intercepts |
1. |
Gold equivalent calculations use metal prices of Au US$1200/oz
and Ag US$20/oz. |
|
Metallurgical recoveries and net smelter returns are assumed to
be 100%. |
2. |
All holes are vertical, except for holes 12072, 12074 and
12080 |
3. |
Widths reported are drill widths, such that true thicknesses
are unknown. |
|
All assay intervals represent length weighted averages. |
As reported in the Amarc news release of
May 31, 2012 drilling activities on
the project have now been placed on standby, so that all assay
results and information from on-going geological studies can be
compiled and a resource estimate for the Newton deposit
completed.
Permits for an extensive Induced Polarization
(IP) ground geophysical survey and additional drilling have been
received. Two crews have been mobilized to the Newton site to
commence IP geophysical surveys around the Newton discovery.
The Newton property is located some 100
kilometres west of the City of Williams
Lake, BC, in a region characterized by gently rolling
hills. The district is well served by existing transportation
and power infrastructure and a skilled workforce, which support a
number of operating mines, as well as late-stage mineral
development and exploration projects. Newton is also located
approximately 175 kilometres south of New Gold's Blackwater gold
deposit (Indicated Resources of 174 million tonnes at an average
grade of 0.98 g/t gold containing 5.5 million gold ounces; and
Inferred Resource of 92 million tonnes at an average grade of 0.78
g/t gold containing 2.3 million gold ounces; New Gold news release
March 7, 2012).
About Amarc Resources Ltd.
Amarc is a Vancouver-based mineral exploration and
development company focused on making the next major gold discovery
in BC. With a strong working capital position of $12 million, its exploration activities are
focused on its 100% owned Newton gold discovery and the Galileo
property which lies adjacent to New Gold's Blackwater property.
Amarc is associated with Hunter Dickinson Inc.
(HDI) - a diversified, global mining group with a 25-year history
of mineral development success. Previous HDI projects in BC include
Golden Bear, Mt. Milligan, Kemess,
Gibraltar, Prosperity and
Harmony. From its head office in Vancouver, Canada, HDI applies its unique
strengths and capabilities to acquire, develop, operate and
monetize mineral properties to provide consistently superior
returns to shareholders.
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
technical content of this release.
ON BEHALF OF THE BOARD
Ronald W.
Thiessen
President & CEO
Quality Assurance/Quality Control
Sample preparation and analysis for the Newton
project is done at ISO 9001:2008 accredited, and ISO-IEC 17025:2005
accredited for gold fire assay with gravimetric finish, Acme
Analytical Laboratories (Vancouver) Ltd. All samples are assayed for
gold by 30 g lead collection fire assay fusion with Inductively
Coupled Plasma ‐ Emission Spectroscopy (ICP‐ES) finish. Silver and
33 additional elements are determined for all samples by Aqua Regia
digestion, followed by ICP‐ES and ICP Mass Spectroscopy (ICP‐MS)
finish. All over‐limit gold (greater than 10 g/t) are re‐assayed by
30 g lead collection fire assay fusion with a gravimetric finish.
As part of a comprehensive QA/QC program, one standard and one
preparation duplicate are inserted into the sample stream in each
group of 20 samples, as well as one or more field blanks in each
analytical batch.
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, 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 title 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.
SOURCE Amarc Resources Ltd.