Newton joint venture agreement executed
Published : July 13, 2011
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VANCOUVER, July 13, 2011 /CNW/ - Amarc Resources Ltd. ("Amarc") (TSXV: AHR) (OTCBB: AXREF) and Newton Gold Corp. ("Newton Gold") (TSXV: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 totaling 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.

The Newton Joint Venture property holds significant potential for the discovery and development of epithermal gold and gold-copper porphyry type deposits. It is located some 100 kilometres southwest of the City of Williams Lake in a region characterized by subdued topography favourable for development. The district is well-served by existing transportation and power infrastructure and a skilled workforce, which support a number of operating mines and late-stage development projects in the region.

Amarc Resources Ltd. is a Vancouver-based exploration and development company affiliated with Hunter Dickinson Inc. (HDI) - a diversified, global mine development company with a 25-year history of mineral development success. Previous HDI projects in BC include Golden Bear, Mt. Milligan, Kemess, Gibraltar, Prosperity and Harmony. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties to provide consistently superior returns to shareholders.

Newton Gold Corp. is a British Columbia focused exploration company with two advanced exploration projects. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of mining projects that can be taken into production. The company's main objective is to add shareholder value through efficient exploration, strategic acquisitions and joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.

ON BEHALF OF THE BOARDS

Ronald W. Thiessen      
President & CEO                             
Amarc Resources Ltd.       
Mark A. McLeary
President & CEO
Newton Gold Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking and other Cautionary Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements  include market prices, exploration and exploitation successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource  exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

For more information on Amarc Resources Ltd., investors should review the Amarc's annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.

For further information on Newton Gold Corp., see Newton Gold's filings on www.sedar.com.

 

For further information:

Amarc Resources Ltd.
Tel: 604 684-6365
Toll Free 1 800 667-2114
www.amarcresources.com
Newton Gold Corp.
Tel 604 678 - 2531
www.newtongold.com 

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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