February 8, 2012 - Vancouver, BC - Amarc Resources Ltd. (�Amarc� or the �Company�) (TSXV: AHR; OTCBB: AXREF) is pleased to announce assay results from the last three delineation drill holes completed in 2011 at the Newton gold discovery, south-central British Columbia. Assay results from drill holes 11053, 11054 and 11055 continue to confirm an extensive and robust gold system has been discovered at Newton. Delineation drilling has now recommenced at the Newton site with two rigs working. Amarc plans to continue drilling until the deposit is fully delineated.
The long intercepts of bulk tonnage style gold mineralization encountered in holes 11053 through 11055 bring the number of holes drilled with important gold results to 46. These holes are located over an area that currently measures 900 metres by 600 metres and is open to expansion in several directions. The age and geological characteristics of the gold mineralization at Newton demonstrate striking similarities to the mineralization at New Gold�s Blackwater deposit located to the north. Amarc (TSXV: AHR; OTCBB: AXREF) owns an 80% interest in the Newton property and is the operator of the Newton
Joint Venture. Newton Gold Corp. (TSXV: NWG) has a 20% participating interest.
Results from holes 11053, 11054 and 11055 are summarized in the Table of Assay Results below. A drill plan and other information regarding the Newton Project are available on Amarc�s website at http://www.amarcresources.com/ahr/MapsFigures.asp. ...
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For further information, contact Bob Jeffrey, Investor Relations � 778-373-6907, toll free 1-800-667-2114.
Best Regards,
Investor Services
HDI
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HDI is associated with the following companies: Heatherdale Resources Ltd., Curis Resources Ltd., Northcliff Resources Ltd., Rathdowney Resources Ltd., Northern Dynasty Minerals Ltd., Amarc Resources Ltd., and Quartz Mountain Resources Ltd. Visit us at www.hdimining.com for more information.
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Amarc Resources
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EXPLORATION STAGE |
CODE : AHR.V |
ISIN : CA0229121094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Amarc Resources is a silver and copper exploration company based in Canada. Amarc Resources holds various exploration projects in Canada. Its main exploration properties are NEWTON, PINCHI and BODINE WARREN in Canada. Amarc Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 24.0 millions as of today (US$ 17.6 millions, € 16.4 millions). Its stock quote reached its highest recent level on September 06, 1996 at CA$ 4.25, and its lowest recent point on March 20, 2020 at CA$ 0.02. Amarc Resources has 145 420 000 shares outstanding. |