VANCOUVER, Nov. 24 /CNW/ - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR, OTCBB: AXREF) reports on its new Huge South copper-zinc drill target. Huge South is located in south central British Columbia, approximately 150 kilometers northeast of the City of Smithers. The property is situated within the highly prospective Sitlika Copper-Zinc Belt, which has significant potential for the discovery of volcanogenic massive sulphide (VMS) deposits.
Encouraging results continue to be received from exploration at Huge South. The property is underlain by a thick pile of felsic volcanic rocks that extend over at least eight kilometers and are a classic host for VMS type mineralization. The target was identified by a geochemical sampling program (comprised of silt and stream bank soil samples) in 2007. Additional soil samples collected over a grid in 2008 returned highly anomalous results, extending almost five kilometers in length (see attached figure http://www.amarcresources.com). Anomalous gold and zinc concentrations are associated with the copper anomaly. Recent geophysical results further highlight the target. An initial, 6-line kilometer long induced polarization (IP) geophysical survey shows a northwest trending chargeability high that is broadly coincident with the copper soil anomaly. A drilling program is being planned to test this high priority target in the 2009 field season.
Analytical results have also been received from the diamond drilling program at Amarc's 100%-owned Aspira property. Aspira is located near the southern end of the Sitlika Belt. The 2,300-meter drilling program was designed to test three distinct targets, defined by geochemical, IP and airborne geophysical anomalies, over 11 kilometers of the Belt (see maps at http://www.amarcresources.com). Drill results confirmed the permissive nature of the geological environment for VMS mineralization. Anomalous concentrations of zinc and copper were intersected; however, no economic mineralization was encountered.
The 2008 field program for the Sitlika Belt has been concluded. Approximately 20,000 soil and 500 silt and rock geochemical samples were collected; 80 line-kilometers of induced polarization and over 1,000 line-kilometers of helicopter-borne AeroTem II magnetic geophysical surveys and approximately 4,600 meters of diamond drilling were completed. The information received from this extensive program is now under compilation and review.
Amarc Resources Ltd. is a Vancouver-based exploration and development company, focused on making the next major new mineral deposit discovery in the province of 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. Hunter Dickinson expects to further its B.C. success through Amarc.
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
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or accuracy 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.