Amarc Resources Ltd. proudly announces the exciting discovery of the new, high grade, gold-rich porphyry copper-gold-silver ("Cu-Au-Ag") AuRORA deposit at its 100% owned JOY Copper-Gold District ("JOY"), situated in the prosperous Toodoggone-Kemess porphyry Cu-Au region of north-central British Columbia ("BC"). This groundbreaking discovery, known as the AuRORA Deposit, is located within an unexplored zone within the vast 495 km2 JOY District.
Highlights from the Initial AuRORA DEPOSIT Discovery Drill Holes:
- Drill Hole JP24057: Intersected a new porphyry Cu-Au-Ag system with high and continuous Au grades.
- Drill Hole JP24059: Showed significant mineralization, including high Au and Ag grades, emphasizing the potential of the discovery.
- Drill Hole JP24071: Demonstrated continuous Cu-Au mineralization with notable Au and Ag concentrations.
These findings mark a pivotal moment for Amarc and its stakeholders. Dr. Diane Nicolson, Amarc’s President and CEO, expressed pride in the team’s relentless efforts that culminated in this remarkable discovery. The positive market sentiment for gold, copper, and silver enhances the appeal of Amarc as an investment opportunity.
Exploration and Geological Insights:
- The AuRORA Deposit Discovery is located within the extensive Northwest Gossan ("NWG") Target area.
- A 3.7 km2 Induced Polarization ("IP") anomaly outlines the NWG Target, showing Cu, Au, Mo, and Ag anomalies.
- Amarc’s geological team’s expertise, coupled with Freeport’s support, led to the discovery at the NWG Target.
Amarc’s commitment to responsible mineral exploration is evident through collaborations with local governments, Indigenous groups, and stakeholders. The company’s focus on sustainable community development aligns with their strategic mineral exploration goals.
Conclusion:
The discovery of the AuRORA Deposit signifies a significant milestone for Amarc and reflects the team’s dedication to exploration excellence. The ongoing success at the JOY District, combined with the positive market conditions, positions Amarc as a promising investment opportunity in the mining sector. With further drill results forthcoming, the future looks promising for Amarc Resources Ltd.
