October 4, 2011- Vancouver, BC - Amarc Resources Ltd. (�Amarc� or the �Company�) (TSX Venture: AHR; OTCBB: AXREF) announces that it has entered into an option agreement to acquire 16 mineral claims comprising approximately 49 square kilometres (the �property�) adjacent to its Galileo property in south-central British Columbia. Pursuant to the agreement, Amarc can acquire a 100% interest in the property by issuing 140,000 shares, making cash payments of $35,000 and incurring at least $100,000 of exploration expenditures. The agreement is subject to acceptance by the TSX Venture Exchange. The shares will be subject to a statutory four-month hold period under Canadian securities requirements.
Amarc holds a 100% interest in the 770 square kilometre Galileo property, which is located within the Blackwater-Davidson district. A property location map is posted on Amarc's website at http://www.amarcresources.com/ahr/MapsFigures.asp. Amarc initiated its 2011 regional field program at Galileo by undertaking approximately 4,000 line kilometres of helicopter-borne, magnetic and electromagnetic geophysical surveys from which twelve deposit-scale targets were identified for field follow-up. Induced Polarization ("IP") ground geophysical surveys are currently underway over these high-quality epithermal gold-silver and gold-copper porphyry-type targets�
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http://www.amarcresources.com/ahr/NewsReleases.asp?ReportID=483262
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
info@hdimining.com | www.hdimining.com
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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., and Amarc Resources Ltd.
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Amarc Resources Ltd
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EXPLORATEUR |
CODE : AHR.V |
ISIN : CA0229121094 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Amarc Resources est une société d’exploration minière de cuivre et d'or 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 25,4 millions CA$ (18,8 millions US$, 16,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 septembre 1996 à 4,25 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,02 CA$. Amarc Resources possède 145 420 000 actions en circulation. |