Amarc Resources

Amarc Resources has made a significant copper-molybdenum-silver discovery at its IKE project located in the heartland of the province's copper mining industry. Assay results received from an initial nine hole (5,400 metre) diamond drill program have confirmed the presence of an important porphyry deposit. The nine discovery drill holes intersected chalcopyrite and molybdenite mineralization from surface and over a broad area, measuring 1,200 metres east-west by 600 metres north-south and to a depth of approximately 500 metres. Mineralization at IKE remains open in all lateral directions and to depth. The discovery holes and post-drilling geological, geochemical and geophysical surveys completed outwards from the drilled area indicate that the IKE porphyry system has the potential for important-scale resource volumes.