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
A drill access road has been constructed and the initial program of 15
diamond drill holes is in progress.
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
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.
For further information:
For further information: 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.