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Amarc Completes Comprehensive Field Programs To Assess Porphyry Copper-Gold Targets Across The Duke District

Press Release

November 21, 2023 – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSXV: AHR; OTCQB:AXREF) is pleased to report that it has completed extensive airborne and surface exploration surveys on its 100%-owned DUKE porphyry Cu-Au district (“DUKE District” or “District”) in central British Columbia (“BC”). These comprehensive surveys were designed to assess 16 porphyry Cu-Au targets located across the District, to confirm highest priority targets for drill testing in 2024. Through 2023, $10 million in exploration expenditures at the DUKE District are being fully funded under the Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd. (“Boliden”) (see Amarc news release November 22, 2022). Amarc is project operator. The results from the surveys will be released as soon as they are compiled and interpreted.

“These comprehensive District-wide field surveys have provided valuable new information over prioritized deposit targets, especially when combined with the knowledge gained about porphyry copper deposits in the greater District from our DUKE Deposit 2022-2023 drilling,” said Amarc President & CEO Dr. Diane Nicolson. “All survey results from this inaugural District wide program are now streaming in and are being compiled, reviewed and actively prioritized in order to confirm our 2024 drill program.”

Program Overview

Exploration works, including extensive airborne magnetic geophysical and LiDAR surveys1 and also ground Induced Polarization (“IP”) geophysical, soils geochemistry and geological mapping surveys focused on 16 porphyry Cu-Au deposit target areas. The principal components of the 2023 surveys completed include:

  • 5,759 line-km of high resolution airborne magnetics
  • 678 km2 of LiDAR
  • 68 line-km of ground magnetics
  • 122 line-km of IP geophysics
  • 6,079 grid soil sample geochemistry analyses
  • 315 rock sample geochemistry analyses
  • Framework and localized detailed geological mapping

The 16 prospective target areas were selected based on a comprehensive compilation of government and historical exploration data from over the entire District. The study highlighted the low exploration maturity of the productive Babine porphyry Cu-Au region and provided a new interpretation of the District’s geological, geochemical and geophysical characteristics. These datasets included >2,300 regional geochemical samples, 116,344 line-km of airborne magnetic and radiometrics, and 25,500 line-km of aerogravity (see Amarc’s DUKE Project 2020 Technical Report, available on the website at https://amarcresources.com/projects/duke-project/technical-report/).

As mentioned above, the extensive data from the 2023 surveys is currently being compiled. Once appropriately verified and integrated into existing historical datasets, it will be released. For information relating to Amarc’s 2022 and 2023 DUKE drilling, see Amarc releases February 15, 2023 and June 15, 2023.

1  LiDAR (Light Detection And Ranging) uses laser pulses to calculate distances, capture precise measurements and measure ranges to create 3D information about a specific area and its characteristics.

For further details on Amarc Resources Ltd., please visit the Company’s website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365 or within North America at 1-800-667-2114, or Kin Communications, at (604) 684-6730, Email: AHR@kincommunications.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF AMARC RESOURCES LTD.
Dr. Diane Nicolson
President and CEO

IBF4

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