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Amarc Resources Ltd V.AHR

Alternate Symbol(s):  AXREF

Amarc Resources Ltd. is a Canada-based mineral exploration and development company. The Company is focused on developing a new generation of long-life, high value porphyry copper-gold (Cu-Au) mines in British Columbia (BC). The Company is advancing its JOY, DUKE, and IKE porphyry Cu+Au deposit districts located in northern, central and southern BC, respectively. Its 100%-owned, 495 square kilometers (km2) JOY District covers the northern extension of the prolific Kemess porphyry Cu-Au district (the Kemess District) in the Toodoggone region of north-central BC. The JOY claims are located over 20 km north of the former Kemess South Mine. The Company’s 772 km2 DUKE District is located 80 km northeast of Smithers within the broader Babine Region, one of BC’s most prolific porphyry Cu-Au belts. The 673 km2 IKE District, also 100% owned by Amarc, is located 33 km northwest of the historical mining community of Gold Bridge near the heartland of BC’s producing porphyry Cu mines.


TSXV:AHR - Post by User

Post by seveneleven711on Jan 16, 2025 11:06am
143 Views
Post# 36407140

opinion

opinionI suspect that more people will be looking at this discussion. Always keep in mind that the actual drill results will do the talking. That said, what we know is that Amarc/Freeport is hunting for a large AU/AG/CU porphyry at JOY and Amarc/Boliden for a similar porphyry at DUKE which are economical.

What is large and economical? A 2 billion tonne mineralized ore porphyry with .8% CUEQ example would do the trick. After metallurgy/recovery rate we would have $100CAN rock in each tonne. Meaning $200B CAN. in the ground. Thats what they are looking for.

Note that grades of .6% CUEQ is still fantastic and 1% CUEQ would be a dream come true. GLTA
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