Amarc Resources Initiates Drilling at DUKE with Earn-In Partner Boliden
- Amarc and Boliden have commenced drilling at the DUKE District
- Core drilling will continue until the holidays and resume early in the new year
- The company has also planned surface programs testing 12 prioritized deposit targets across the DUKE District for 2023
Amarc Resources (TSXV:AHR) (OTCQB: AXREF) has commenced drilling at its DUKE porphyry copper-gold district in central British Columbia.
This is the first phase of planned programs to be funded under a recently announced mineral property earn-in agreement with Boliden Mineral Canada, a subsidiary of the Sweden-based Boliden Group.
“We are excited that the fully funded systematic exploration of the DUKE Deposit and DUKE District with Boliden has begun,” said Dr. Diane Nicolson, Amarc President and CEO. “Our shareholders can expect a steady flow of results throughout 2023 from DUKE and also our JOY Project being funded by Freeport-McMoRan Mineral Properties Canada Inc.”
Core drilling at the DUKE Deposit will continue until the holidays and resume early in the new year. Amarc’s initial drilling at the DUKE Deposit in 2017 and 2018 found porphyry copper-style mineralization to a vertical depth of 360 metres that remained open to expansion, highlighting the project’s exceptional exploration potential.
Amarc has also completed a comprehensive compilation of government and historical data over the entire DUKE District which provided a new interpretation of the geological, geochemical, and geophysical characteristics of the Babine belt, identifying 12 previously unrecognized porphyry copper deposit targets with exciting potential.
The company has planned surface programs testing these 12 prioritized deposit targets across the DUKE District for 2023.
Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of long-life, high-value porphyry Cu-Au mines in BC.
Shares in Amarc Resources (AHR) are trading at CA$0.13 per share on the TSXV. On the OTCQB, AXREF is trading at US$0.1081 per share.
To learn more about Amarc Resources and its projects, visit the Company’s website. To read the full press release, click here.
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