July 13, 2011 - Vancouver, BC � Amarc Resources Ltd. (�Amarc�) (TSX.V: AHR; OTCBB: AXREF) and Newton Gold Corp. (�Newton Gold�)(TSX.V:NWG) are pleased to announce that the companies have entered into a Joint Venture Agreement (�JV Agreement�) to further explore the Newton property, located in south-central British Columbia. Amarc has earned an 80% interest in an expanded Newton property by funding $5 million dollars in exploration expenditures.
The companies have also agreed to incorporate adjacent mineral claims into the JV Agreement, resulting in a project area totalling 284 mineral claims and approximately 1,480 square kilometres. A property location map is posted on Amarc's website at http://www.amarcresources.com/ahr/MapsFigures.asp. Amarc will continue to be the operator of the property�
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http://www.amarcresources.com/ahr/NewsReleases.asp?ReportID=466404
If you have any questions do not hesitate to contact us as provided below.
Best Regards,
Investor Services
HDI
15th Floor 1040 West Georgia Street, Vancouver BC V6E 4H1
Toll Free 1-800-667-2114 | Main 1-604-684-6365
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Amarc Resources
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EXPLORATION STAGE |
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CODE : AHR.V |
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ISIN : CA0229121094 |
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Amarc Resources is a silver and copper exploration company based in Canada. Amarc Resources holds various exploration projects in Canada. Its main exploration properties are NEWTON, PINCHI and BODINE WARREN in Canada. Amarc Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 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. |