VANCOUVER, Oct. 14 /CNW/ - Amarc Resources Ltd. ("Amarc" or the
"Company") (TSX-V: AHR, OTCBB: AXREF) provides an update on its on-going
exploration programs along the highly prospective Sitlika Copper-Zinc Belt,
central British Columbia. The Sitlika Belt hosts significant potential for the
discovery of copper-zinc rich volcanogenic massive sulphide (VMS) deposits.
Diamond drilling is testing the Bodine-Warren target, located within the
669 square kilometer Bodine Block of claims, in the central area of the
Sitlika Belt (see Sitlika Copper-Zinc Belt and Regional Infrastructure map at
www.amarcresources.com). Amarc has an option agreement granting the right to
acquire a 100% interest in this property through a series of staged payments
and exploration expenditures over a four year period.
Initial channel samples taken on the Bodine-Warren target in 2007
returned encouraging grades of 1.79% and 1.37% copper over 2.9 meters and
2.4 meters, respectively. The Bodine-Warren drill targets are defined by
positive results from soil geochemical sampling (3,300 samples), geological
mapping, 34 line kilometers of induced polarization and ground magnetic
geophysical surveys. The target area hosts significant anomalous copper and
zinc, with associated anomalous silver and lead in soils over a 2,000 meter by
700 meter area. The prospective zone is underlain within a felsic volcanic
rock package, with zones of strong sericite-ankerite-pyrite alteration and
stockwork mineralization, which represents a classical environment for
VMS type mineralization.
The diamond drill program that tested Amarc's 100%-owned Aspira property
located near the southern end of the Sitlika Belt has been completed and
analytical results are pending. The 2,331 meter drill program was designed to
test three distinct targets over 11 kilometers of potential belt, which show
strong coincident geochemical soil, induced polarization geophysical and
airborne magnetic geophysical anomalies within a permissive geological
environment (announced in news release dated August 27, 2008, see Aspira
Project maps at www.amarcresources.com).
Elsewhere along the Sitlika Belt target definition exploration programs
are continuing with encouraging results and the definition of several
promising new drill targets. To date during the 2008 field season, in excess
of 18,000 soil geochemical samples, approximately 500 silt and rock
geochemical samples, 76 lines kilometers of induced polarization and
1,128 line kilometers of helicopter-borne AeroTem II magnetic geophysical
surveys have been completed, in addition to the drilling described above.
In particular, the Huge South property located within the Bodine Block
(see Sitlika Copper-Zinc Belt and Regional Infrastructure map at
www.amarcresources.com) is returning very encouraging results. Initial results
received from 2,700 soil geochemical samples have defined a strong copper in
soils anomaly, with associated anomalous gold and zinc, over at least a four
kilometer trend. The copper and zinc soil anomaly is hosted by a thick, felsic
volcanic pile extending over at least eight kilometers. This represents a
classic environment for VMS type mineralization. Induced polarization
geophysical surveys and additional soil geochemical sampling are being
completed on this high priority target.
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
ON BEHALF OF THE BOARD
Ronald W. Thiessen
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
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.
For further information:
For further information: For further details on Amarc Resources Ltd.,
please visit the Company's website at www.amarcresources.com or contact
Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
The Company will be launching updates on its website shortly.