Amarc Resources Ltd. (TSXV:AHR)Mining
Amarc Resources Ltd is a Vancouver-based mineral exploration company with operations in British Columbia, Canada.
The firm is presently focused on developing a portfolio of porphyry copper and gold assets.
Amarc Resources is linked with Hunter Dickinson Inc, a firm engaged in mineral development and exploration.
The project earlier operated by Hunter Dickinson Inc include Xietongmen and Newtongmen in China; Pebble and Florence in the United States; Mount Milligan, Gibraltar, Kemess (N&S) and Sisson in Canada.
Amarc Resources’ present portfolio consists of the following:
• JOY project
• IKE project
• DUKE project
• Newton Gold Property
The mineral exploration firm has 100 per cent interest copper and gold project covered in 482 square kilometers. JOY Project is located in the north-central British Columbia. It lies within the Toodoggone region in British Columbia’s Golden Horseshoe.
The project hosts PINE copper and gold deposit and MEX Cu-Au deposit targets and various Cu-Au exploration targets. Centerra Gold Inc hold the project, which consists of Kemess East underground deposit, Kemess North underground deposit and the Kemess South mine.
Amarc has 100 per cent interest in this project and covers 462 square kilometers of area. It lies near the New Afton and Gibraltar mines in British Columbia.
The company hosts a high-quality pipeline containing molybdenum, silver, copper, and gold deposits. In addition, two exploration and development targets, namely the IKE Cu-Mo-Ag deposit and the Empress Cu-Au-Ag deposit.
The exploration firm has 100 per cent stake in gold and copper covering 704 square kilometers. It is located in Babine Region, known for hosting porphyry Cu-Au belts. This region has various mines, including Noranda Mines, Granisle Cu-Au mines and Morrison Cu-Au mines.
Newton Gold Property
In 2020, the firm sold its 100 per cent interest to Carlyle Commodities Corp and maintains two per cent royalty payment (NSR) on the property at present. It is located in south-central British Columbia. With this transaction, Armac Resources aims to advance its three copper an gold districts.
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