Amarc Resources

Published : May 31st, 2012

(TSX-V: AHR; OTCBB: AXREF) Acquires 100% Interest in the Newton Project

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Keywords :   Diamond | Facebook | Georgia | Gold | Gold Discovery | K Street |

May 31, 2012 - Vancouver, BC - Amarc Resources Ltd. (�Amarc� or the �Company�) (TSX Venture: AHR; OTCBB: AXREF) announces that, effective May 22, 2012, the Participating Interest of Newton Gold Corp. (�NGC�) in the Newton Joint Venture converted to a 5% Net Profits Interest in accordance with the terms of the Joint Venture Agreement between the Company and NGC. As a result, NGC will no longer be a participant in the Joint Venture and the Newton Joint Venture Agreement has terminated. Amarc now holds a 100% interest in Newton property, subject only to the 5% Net Profit Interest to NGC and a Net Smelter Return Royalty to underlying property vendors which can be purchased for $2 million.

 

Delineation drilling of the Newton gold discovery commenced in late September and has progressed rapidly, with the completion of approximately 16,000 metres in 43 Diamond drill holes. A Drill Hole Location Map is available at Amarc�s website: http://www.amarcresources.com/i/ahr/pdf/AHR_2012_May31_drawings.pdf.  This recent drill phase brings the total drilling of the Newton deposit to approximately 23,300 metres in 72 holes.   Drilling activities on the project have now been placed on standby, so that all assay results can be received and compiled.  The camp, core processing facilities and one drill rig remain on site.  Over the next two months Amarc�s geological team will integrate the incoming assay data with information from various on-going geological studies, including state-of-the�art drill core imaging technology which will assist in vectoring towards gold enriched areas of the Newton system.  Further assay results will be compiled shortly and available for release.  In addition a resource estimate for the Newton deposit is underway and is expected in mid-July.  All of this work will inform management�s plans for further exploration of the Newton property.

 

Permit applications for extensive Induced Polarization ground geophysical surveys around the Newton discovery and additional drilling have been submitted to the provincial government.

 

Newton lies 175 kilometres south of New Gold�s Blackwater gold deposit and some 100 kilometres west of the City of Williams Lake, BC, in a region characterized by gently rolling hills. The district is well served by existing transportation and power infrastructure and a skilled workforce, which support a number of operating mines, as well as late-stage mineral development and exploration projects�

 

To view this news release in its entirety please click on the link below or copy and paste it into your web browser

http://www.amarcresources.com/ahr/NewsReleases.asp?ReportID=528100

 

For further information, contact Bob Jeffrey, Investor Relations � 778-373-6907, toll free 1-800-667-2114.

 

Follow Amarc on Facebook and Twitter. 

 

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

info@hdimining.com | www.hdimining.com

 

Follow HDI on Twitter & Facebook

 

If you no longer wish to be on Amarc�s email distribution list, simply reply to this email with �� in the subject line.

 

To be removed from all of HDI�s email lists please reply to this email withRemove All in the subject line. 

 

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. 

 



�Notice Regarding Transmission

This message is intended only for the person(s) to whom it is addressed and may contain information that is privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination or copying of this communication is prohibited. Please notify us of the error in communication by telephone (604-684-6365) or by return e-mail and destroy all copies of this communication. Please note that any views or opinions presented in this email are solely those of the author and do not necessarily represent those of Hunter Dickinson Inc. or any affiliated or associated company. The recipient should check this email and any attachments for the presence of viruses. Neither Hunter Dickinson Inc. nor any affiliated or associated company accepts any liability for any damage caused by any virus transmitted by this email.. Thank you.�
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Amarc Resources

EXPLORATION STAGE
CODE : AHR.V
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.

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Annual reports of Amarc Resources
Annual Report 2007
Financings of Amarc Resources
3/8/2012(TSX-V: AHR; OTCBB: AXREF) Closes $16.34 Million Financing
2/16/2012(TSX-V: AHR; OTCBB: AXREF) Financing Increased To $16.25 Mil...
2/15/2012(TSX-V: AHR; OTCBB: AXREF) Announces Up To $10 Million Finan...
Nominations of Amarc Resources
2/27/2008APPOINTS VICE PRESIDENT CORPORATE DEVELOPMENT
Project news of Amarc Resources
9/18/2014Amarc provides exploration progress update on IKE porphyry t...
9/19/2013(TSX-V: AHR; OTCBB: AXREF) Provides Exploration Update
11/7/2012(TSX-V: AHR; OTCBB: AXREF) Acquires High Quality Drill Ready...
9/26/2012(Newton)(TSX-V: AHR; OTCBB: AXREF) Announces Initial Mineral Resourc...
7/25/2012(TSX-V: AHR; OTCBB: AXREF) Assembles Bulk Tonnage-Style Silv...
5/31/2012(Newton)(TSX-V: AHR; OTCBB: AXREF) Acquires 100% Interest in the New...
7/13/2011(Newton)(TSX-V: AHR; OTCBB: AXREF): Newton Joint Venture Agreement E...
7/13/2011(Newton)ton joint venture agreement executed
5/31/2011(Newton)(TSX-V: AHR; OTCBB: AXREF) Commences 2011 Exploration Progra...
2/10/2011(Newton) Announces Results from Phase 2 Drill Program at Newton
8/27/2008(Aspira Project)Commences Drilling On the Aspira Property
Corporate news of Amarc Resources
8/2/2016Amarc and Thompson Creek Progress at Ike on Positive Results
9/3/2015Amarc and Thompson Creek Partner to Advance the Ike Copper P...
11/27/2014Amarc announces $1 million loan & appoints new President
11/24/2014Amarc Reports Significant Copper-Molybdenum-Silver Porphyry ...
8/12/2013American Copper Corp. Acquires Ridgestake Copper-Gold Projec...
7/5/2013and Quartz Mountain Resources Ltd. Amend ZNT & Galaxie Joint...
11/14/2012Provides Exploration Update on Silver Vista Bulk Tonnage Sil...
11/7/2012Acquires High Quality Drill Ready Targets in British Columbi...
6/28/2012(TSX-V: AHR; OTCBB: AXREF) Commences Work on Five Major Targ...
6/18/2012(Newton)(TSX-V: AHR; OTCBB: AXREF) Updates Delineation Drilling At t...
4/11/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc's Ongoing Delineation Dri...
2/8/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): New Assay Results From Newton ...
1/23/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc Drilling Continues to Ex...
1/18/2012(TSX-V: AHR; OTCBB: AXREF) Prepares To Drill Major Target at...
1/9/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc Drilling Continues To Exp...
12/6/2011(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc Delineation Drilling Sign...
8/1/2008Fact Sheet
7/23/2008 ANNOUNCES CHANGE TO EXECUTIVE TEAM
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