Amarc Introduces The JO Porphyry Copper-Gold Discovery In The Duke District

VANCOUVER, BC / ACCESSWIRE / April 16, 2024 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to introduce the new JO porphyry copper-gold (Cu-Au) target, one of several new drill-ready targets discovered and delineated by the Company's 2023 comprehensive exploration surveys across the prospective 722 km² DUKE district ("DUKE District" or "District") in central British Columbia ("BC"). The success of last year's program is highlighted by the identification of multiple new porphyry Cu-Au centers in the District.

Through 2023 Boliden Mineral Canada Ltd. ("Boliden"), under the DUKE District Mineral Property Earn-in Agreement, funded $10 million in exploration expenditures and will continue its earn in during 2024 with a further $10 million of budgeted expenditures (see Amarc release December 13, 2023). Amarc continues as project operator. A significant portion of this year's investment will be directed towards drilling the DUKE Deposit and multiple drill ready porphyry Cu-Au targets across the District.

Amarc's 2023 District wide field program (see Amarc release November 21, 2023) employed a combination of geochemical, geophysical and geological surveys, and was expressly designed to identify previously unrecognized porphyry Cu-Au deposit targets associated with biotite-feldspar porphyry ("BFPs") intrusive rocks. These BFPs are host to mineralization within the prolific Babine porphyry Cu-Au Region (the "Babine") at the former Bell and Granisle Cu-Au mines that were operated by Noranda Mines, the advanced stage Morrison Cu-Au deposit, and also Amarc's DUKE Deposit, SVEA Cu-Au Deposit Target (see Amarc release January 19, 2024) and the JO Target.

"Our effective surveys across the DUKE District continue to highlight the potential for finding important copper-gold deposits," said Amarc President & CEO Dr. Diane Nicolson. "The discovery of a new mineralized occurrence at the JO Target in a region with half a century of exploration history should not be understated. The strength of coincident Induced Polarization chargeability and magnetic geophysical anomalies and associated copper-gold mineralization hosted by a key BFP intrusion warrants drill testing. A reconnaissance drilling program is in the planning stages and will be undertaken during the 2024 summer field season, following on from drilling at the promising SVEA Cu-Au Deposit Target."