July 25, 2012 - Vancouver, BC - Amarc Resources Ltd. (�Amarc� or the �Company�) (TSX Venture: AHR; OTCBB: AXREF) announces the acquisition of a 100% interest in the Silver Vista property, located in west central British Columbia (�BC�). Previous exploration on the Silver Vista property indicates the potential for a significant bulk tonnage silver-copper discovery. In addition Amarc has staked approximately 420 square kilometres of mineral claims in the region of Silver Vista to cover prospective host rocks. Amarc is planning to aggressively explore this new project to achieve its goal of making the next major precious metals discovery in BC.
"Amarc is very excited to have purchased 100% of the Silver Vista property, which we believe holds significant potential to host an important, bulk tonnage-style silver-copper deposit", said Amarc Chairman Bob Dickinson. �Limited historical drilling has intersected broad intervals of silver-copper mineralization at one end of a strong and extensive silver-in-soils geochemical anomaly,� Dickinson said. "Amarc is planning an aggressive exploration program at Silver Vista focused on determining the full extent and geometry of the silver-copper mineralization. As a first step, a helicopter-borne geophysical survey is already underway over the entire property.�
Historical exploration on the Silver Vista property defined a strong and continuous northwest-southeast trending, 1.2 kilometres long by 150 to 500 metres wide silver-in-soils anomaly, with associated copper. This anomaly remains completely open (see maps at http://www.amarcresources.com/ahr/MapsFigures.asp). Samples of sedimentary rock from historical trenching in the northern part of the soils anomaly returned 16.5 metres at 74 g/t silver and 0.43% copper, 10.2 metres at 38 g/t silver and 0.24% copper, and 15.0 metres at 28 g/t silver and 0.53% copper.
Fourteen shallow core holes have been drilled across a distance of some 600 metres outwards from the area of historical trenching. Nine of the 14 historical drill holes intercepted significant intervals of disseminated silver and copper mineralisation hosted by sedimentary rocks, including: 36.6 metres at 32.3 g/t silver and 0.50% copper, including 3.5 metres at 163.9 g/t silver and 3.03% copper, and 45.5 metres at 45.4 g/t silver and 0.06% copper. Major portions of core from a number of these drill holes were not assayed and several holes bottomed in strong mineralization. For example, one hole bottomed in 30.5 metres grading 30.0 g/t silver and 0.18% copper from 36.6 metres to the end of the hole at 67.1 metres and another intercepted 63.1 metres grading 40.1 g/t silver and 0.11% copper from 4.0 metres to its end also at 67.1 metres....
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http://www.amarcresources.com/ahr/NewsReleases.asp?ReportID=538808
For further information, contact Bob Jeffrey, Investor Relations � 778-373-6907, toll free 1-800-667-2114.
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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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CODE : AHR.V |
ISIN : CA0229121094 |
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Amarc Resources est une société d’exploration minière d'argent et de cuivre basée au Canada. Amarc Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont NEWTON, PINCHI et BODINE WARREN au Canada. Amarc Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 24,0 millions CA$ (17,5 millions US$, 16,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 septembre 1996 à 4,25 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,02 CA$. Amarc Resources possède 145 420 000 actions en circulation. |