Amarc Resources Ltd 6-K, filed May 15, 2020
Amarc Resources Ltd (AXREF)
6-K
2020-05-15
For: 2020-05-15
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April 07, 2026
About this 6-K
Amarc Resources Ltd filed this 6-K on May 15, 2020.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
As at
MAY 15, 2020
Commission
File Number: 000-49869
AMARC RESOURCES LTD.
(Translation
of registrant's name into English)
15th Floor
– 1040 W. Georgia Street
Vancouver, British Columbia
Canada V6E 4H1
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
[X]
Form 20-F [ ] Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):
[ ]
SUBMITTED
HEREWITH
Exhibits
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Press
release dated May 15, 2020 - Amarc Provides Update on JOY
Copper-Gold District and Files Project Technical
Report
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Amarc
Resources Ltd.
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(Registrant)
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Date:
May 15, 2020
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By:
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/s/ Trevor Thomas
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Trevor
Thomas
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Title:
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Secretary
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Exhibit 99.1
Amarc Provides
Update On Joy Copper-Gold District And Files Project Technical
Report
VANCOUVER, BC / ACCESSWIRE / May 15, 2020 / Amarc
Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF)
is pleased to announce that a National Instrument 43-101 Technical
Report (the "Report") for the Company's JOY Project, British
Columbia ("BC") (the "Project") will be filed today under Amarc's
profile at www.sedar.com.
It will also be available on the Company's website at www.amarcresources.com/ahr/Home.asp.
The Report provides details on the potential of the Company's JOY
porphyry copper-gold deposit district, along with proposed
exploration plans for the PINE deposit, the MEX deposit target and
a series of drill-ready high potential exploration
targets.
Amarc's
100%-owned 482 km2 JOY Project covers
the northern extension of the prolific Kemess porphyry copper-gold
district (the "Kemess District") in the Toodoggone region of
north-central BC (see attached figures1). The Kemess
District is well-known to Amarc's technical team through their
association with Hunter Dickinson Inc. ("HDI"); its members are
credited as being the first to recognize the District's true
porphyry potential - acquiring both the early-stage Kemess North
and Kemess South prospects and advancing them to significant
porphyry copper-gold deposits, before selling the projects to a
predecessor of Northgate Minerals ("Northgate"). Northgate went on
to develop the Kemess South mine (BC's third largest gold
producer), producing 3 million ounces of gold, and 750 million
pounds of copper over a 13-year period to 20112. The southern area
of the Kemess District is now held by Centerra Gold Inc.
("Centerra"), and includes the government-approved Kemess
Underground Project (the deeper higher grade extension of the
Kemess North deposit), the advanced stage Kemess East deposit as
well as the mined-out Kemess South deposit. The resource road that
services Centerra's deposits and the historical Lawyers and Shasta
gold-silver mines, also provides access to Amarc's JOY
Project.
The
PINE deposit and MEX deposit target on the JOY Project have seen
several phases of historical drilling. Work by Amarc has identified
significant expansion potential at both that requires drill
testing. In addition, Amarc has defined seven large (approximately
1 to 8 km2), high potential
porphyry copper-gold exploration target areas, each of which hosts
multiple targets that are either drill-ready, or can rapidly be
brought up to a drill ready status by the completion of focused
surface surveys (see attached figure). A highly effective targeting
strategy was achieved by combining and interpreting information
from the Company's exploration surveys and extensive historical
datasets. These datasets include results from soil geochemical
sample grids, airborne magnetics and ground Induced Polarization
("IP") geophysical surveys, geological and alteration mapping and
historical drilling. The large historical soils geochemical
database (6,390 samples) was particularly useful.
New Porphyry Copper-Gold Potential at PINE and MEX
The
PINE deposit is a northeast-trending, 2.5 km-long porphyry
copper-gold mineralized system located within an underexplored 6
km2 area
of strong hydrothermal alteration, as defined by IP chargeability,
alteration mapping and limited historical drilling. At the PINE
deposit, shallow historical drilling (most holes record less than
175 m vertical penetration) indicates that mineralization is open
both laterally and to depth, with many of the holes ending in
mineralization and some showing a downhole increase in copper and
gold grades (see attached figure). Examples of the historical
results are: hole P97-08 that intersected 141 m of 0.17% Cu, 0.49
g/t Au, 2.0 g/t Ag and 0.001% Mo from 128 m, hole 92-40 that
intersected 85 m of 0.14% Cu, 0.73 g/t Au, 0.6 g/t Ag and 0.002% Mo
from 55 m, and hole 93-44 that intersected 82 m of 0.12% Cu, 0.52
g/t Au, 1.1 g/t Ag and 0.003% Mo from 37 m. In addition to the
delineated drill-ready targets at PINE, untested areas of high IP
chargeability and/or soil geochemistry lie between the
widely-spaced historical holes and extend outward laterally, with
the majority of the surrounding 6 km2 area of strong
hydrothermal alteration remaining to be fully
explored.
Similarly,
at the MEX deposit target widely-spaced historical drilling
indicates that the system remains open both laterally and to
depth.
Newly Identified Porphyry Copper-Gold Targets
The MEX
Cluster, located between the PINE and MEX mineralized systems,
includes a series of new targets (see attached figure), that are
characterized by coincident anomalies defined by geochemical,
geophysical and mapping surveys. These new, well-defined targets
are a priority for early drill testing.
Additional
surface surveys are planned to prepare emerging drill targets at
the Canyon South, Twins, SW Takla, Central Takla and the North
Finley target areas for drilling. For example at Canyon South, a 1
km wide high-contrast >28 mV/V core of a 2 km-wide >18 mV/V
IP chargeability anomaly closely coincides with a 500 m diameter
magnetic high that is possibly related to an unidentified, and
potentially mineralized, porphyry stock. Notably, two historical
drill holes: PIN09-15, which encountered 11.43 g/t Au over 3 m
(197.0 m to 200.0 m), and MEX12-013, which recorded 0.05% Cu and
0.18 g/t Au over 62.3 m (13.73 m to 76.0 m) are located on the
periphery of the Canyon South target and on the opposite sides of
the open 2 km-wide IP chargeability anomaly. Such an occurrence of
gold ± copper could be related to the outer regions of a
porphyry system. A new IP survey is proposed to expand the coverage
of the historical IP to define the full extent of the chargeability
anomaly in preparation for drill testing.
Amarc
is planning the next phase of the JOY Project exploration to
include core drill testing of drill-ready targets, undertaken
concurrently with low-cost surface exploration work to efficiently
bring the latter new exploration targets up to a drill-ready
status.
About Amarc Resources Ltd.
Amarc
is a mineral exploration and development company with an
experienced and successful management team focused on developing a
new generation of BC porphyry copper mines. By combining strong
projects and funding with successful management, Amarc has created
a solid platform to create value from its exploration and
development-stage projects.
Amarc
is advancing the 100%-owned IKE, DUKE and JOY porphyry copper
deposit projects located in different, prolific porphyry districts
in southern, central and northern BC, respectively. Each of the
three projects is located in proximity to industrial infrastructure
- including power, highways and rail. These projects represent
significant potential for the discovery of multiple and
important-scale, porphyry gold-copper and copper-molybdenum
deposits.
Amarc
is associated with HDI, a diversified, global mining company with a
30-year history of porphyry discovery and development success.
Previous and current HDI porphyry projects include some of BC's and
the world's most important mineral resources - such as Pebble,
Mount Milligan, Kemess South, Kemess North, Gibraltar, Prosperity,
Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie and IKE.
From its head office in Vancouver, Canada, HDI applies its unique
strengths and capabilities to acquire, develop, operate and
monetize mineral projects.
Amarc
works closely with local governments, indigenous groups and other
project stakeholders in order to advance its mineral properties
responsibly, and to do so in a manner that contributes to
sustainable community and economic development. Amarc senior
management and project teams seek early and meaningful engagement
with local landowners, First Nations and other land interests to
ensure its mineral exploration and development activities are
well-coordinated and broadly supported, to address local priorities
and concerns, and to optimize opportunities for collaboration and
local benefit. In particular, the Company seeks to establish
mutually beneficial partnerships with indigenous groups within
whose traditional territories its projects are located - including
through the provision of jobs, training programs, contract
opportunities, capacity funding agreements and sponsorship of
community events. All Amarc work programs are carefully planned to
achieve high levels of environmental and social
performance.
Qualified Person as Defined Under National Instrument
43-101
Mark Rebagliati, P. Eng., a Qualified Person as defined under
National Instrument 43-101, has reviewed and approved the technical
content in this release.
For
further details on Amarc Resources Ltd., please visit the Company's
website at www.amarcresources.com
or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365
or within North America at 1-800-667-2114.
ON
BEHALF OF THE BOARD
Dr.
Diane Nicolson
President
and CEO
1 Figure notes: Golder Associates, 2017. Technical Report
for the Kemess Underground Project and Kemess East Project, BC,
AuRico Metals Ltd., SEDAR. Kemess Underground (reserve NSR cut-off
NSR C$15.30/t; resource cut-off NSR C$15/t) and Kemess East
Indicated Resources (cut-off NSR C$17.30/t); South Kemess Past
Production (ore milled). Kemess Underground mineral resources
include mineral reserves.
BC
MINFILE Number: 094E 066, LAWYERS.
2 SRK Consulting (Canada) Inc. 2013. NI 43-101 Technical
Report on the Kemess Underground Project, British Columbia, Canada,
AuRico Metals Ltd., SEDAR.
Neither
the TSX Venture Exchange nor any other regulatory authority accepts
responsibility for the adequacy or accuracy of this
release.
Forward Looking and other Cautionary Information
This
news release includes certain statements that may be deemed
"forward-looking statements". All such statements, other than
statements of historical facts that address exploration drilling,
exploitation activities and other related events or developments
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.
Assumptions used by the Company to develop forward-looking
statements include the following: Amarc's projects will obtain all
required environmental and other permits and all land use and other
licenses, studies and exploration of Amarc's projects will continue
to be positive, and no geological or technical problems will occur.
Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices,
potential environmental issues or liabilities associated with
exploration, development and mining activities, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
tenure and delays due to third party opposition, changes in and the
effect of government policies regarding mining and natural resource
exploration and exploitation, exploration and development of
properties located within Aboriginal groups asserted territories
may affect or be perceived to affect asserted aboriginal rights and
title, which may cause permitting delays or opposition by
Aboriginal groups, continued availability of capital and financing,
and general economic, market or business conditions, as well as
risks relating to the uncertainties with respect to the effects of
COVID-19. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking
statements. For more information on Amarc Resources Ltd., investors
should review Amarc's annual Form 20-F filing with the United
States Securities and Exchange Commission at www.sec.gov and its
home jurisdiction filings that are available at
www.sedar.com.
SOURCE: Amarc Resources Ltd.