2016 Field Results at Ike Set the Table for Development of a New BC Porphyry Copper District
DRILLING INTERSECTS 148 METRES OF 0.53% CuEQ @ 0.39% Cu, 0.03% Mo and 2.8 g/t Ag
October 17, 2016 -- Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AXREF) is pleased to announce results from the 2016 field programs at the IKE porphyry copper-molybdenum-silver discovery and surrounding district, located near Gold Bridge, British Columbia ("BC"). This year's work consisted of 1,923 m of core drilling in three holes at the IKE deposit, 77 km of induced polarization ("IP") surveys over four important-scale porphyry copper deposit targets nearby to IKE, 1,258 talus fine samples collected over these and three more newly emerging porphyry copper and precious metal epithermal deposit targets, and 130 km2 of regional geological mapping. Total expenditures for the IKE Project in 2016 are budgeted at $3 million. Amarc, and Thompson Creek Metals Company Inc. ("Thompson Creek") which is earning-into the Project, believe that the IKE discovery together with the surrounding district targets have high potential to develop into an important new BC mining camp. An updated corporate presentation is available on Amarc's website at http://www.amarcresources.com/i/ahr/pdf/Presentation-Oct2016.pdf.
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