Amarc Resources Ltd. (TSXV: AHR | OTCQB: AXREF) has mobilized to commence an extensive 2024 drill programme at its 100% owned DUKE copper-gold district in central British Columbia, Canada. This year’s budgeted C$10M programme will again be funded by Boliden, which is earning-in at DUKE. Amarc is the project operator.
“We are extremely pleased to be fully funded to commence drilling at the DUKE district early in the year. The winter drilling programme is designed to build upon last year’s positive drilling at the DUKE deposit and the surrounding DUKE deposit target,” said Dr. Diane Nicolson, Amarc president and CEO.
“A second phase of 2024 drilling is planned for the summer to test a number of deposit targets across the district, including our recently announced, promising and drill-ready Svea copper-gold target.”
The 2022-2023 drilling (24 core holes, 11,086m) successfully expanded the DUKE deposit porphyry Cu-Mo-Ag-Au system laterally to a footprint of 650 m north-south by 800 m east-west and to a depth of at least 600m. In addition, results highlighted the potential for further expansion of the deposit, and for the delineation of zones of higher grade within it. Further, encouraging intercepts from initial, widely spaced drilling in the robust 4.7km2 induced polarization chargeability anomaly that surrounds the DUKE deposit and forms the DUKE target, suggests additional discovery potential.
Amarc’s DUKE district is located 80km northeast of Smithers within the Babine Region, one of the most mineralized porphyry belts in BC. It hosts the former Bell and Granisle Cu-Au mines that were operated by Noranda Mines, and the advanced stage Morrison Cu-Au deposit. Significant potential exists for discovery of new large porphyry Cu deposits. Infrastructure servicing the former mines and the very active forestry and exploration industries is nearby. There is an extensive network of forest roads and much of the Duke district is road accessible.
For further information, please visit: www.amarcresources.com
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