VANCOUVER, Aug. 27 /CNW/ - Amarc Resources Ltd. (TSX-V: AHR, OTCBB: AXREF) announces that diamond drilling has commenced at its 100%-owned Aspira property. The Aspira property is part of the highly prospective Sitlika Zinc-Copper Belt, which has significant potential for the discovery of zinc-copper rich volcanogenic massive sulphide (VMS) deposits.
The Aspira property is located in central British Columbia some 40 kilometres northeast of the town of Burns Lake and 35 kilometres north of the Endako Mine. It is approximately 44 kilometres by logging road to the Yellowhead Provincial Highway and the CNR rail line, which provide access to the bulk shipping terminals at Prince Rupert to the west.
The Aspira targets are defined by positive results from extensive soil geochemical sampling (5,184 samples), geological mapping, a 37 kilometre-line induced polarization geophysical survey, and a helicopter-borne AeroTem II magnetic geophysical survey.
These surveys have delineated four significant target areas along an 11-kilometre trend (see Aspira Project maps at www.amarcresources.com). The target areas show strongly anomalous zinc concentrations (500 ppm to 8,581 ppm) in soils with associated anomalous concentrations of copper, which are coincident with a pronounced trough feature internal to a linear, northwest-trending magnetic high and a chargeability high. Geological mapping has shown that the target areas are associated with a felsic volcanic and sedimentary rock package that represents typical stratigraphy for VMS type mineralization.
A drill access road has been constructed and the initial program of 15 diamond drill holes is in progress.
About Amarc
Amarc Resources Ltd. is a Vancouver-based exploration and development company, focused on making the next major mineral deposit discovery in British Columbia. Amarc is affiliated with Hunter Dickinson Services Inc., the personnel and management of which have enjoyed considerable success in BC through their involvement with the Golden Bear, Mt. Milligan, Kemess, Prosperity, Gibraltar and Harmony deposits.
Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Amarc and has reviewed the content of this release.
ON BEHALF OF THE BOARD
Ronald W. Thiessen
President & CEO
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
Cautionary and Forward Looking Statement 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 possible future exploration results, resource potential or developments that Amarc expects to occur 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, exploitation and exploration successes, effect of and changes to government policies regarding mining and natural resource exploration and exploitation, availability of capital and financing, geopolitical uncertainty and political and economic instability, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.