Amarc Resources Ltd 6-K, filed May 6, 2020
Amarc Resources Ltd (AXREF)
6-K
2020-05-06
For: 2020-05-06
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April 07, 2026
About this 6-K
Amarc Resources Ltd filed this 6-K on May 6, 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 6, 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 6, 2020 -
Amarc Provides Update on Duke
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 6, 2020
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By:
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/s/ Michael Lee
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Michael
Lee
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Title:
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Chief
Financial Officer
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Exhibit
99.1
Amarc Provides Update on Duke Copper-Gold District and Files
Project Technical Report
VANCOUVER, BC / ACCESSWIRE / May 6, 2020 / Amarc Resources Ltd. (“Amarc” or the
“Company”) (TSX-V:AHR)(OTCQB:AXREF) is pleased to
announce that a National Instrument 43-101 Technical Report (the
“Report”) for the Company's DUKE 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
DUKE porphyry copper deposit target discovery (“DUKE”)
and its successful district-scale porphyry copper-gold targeting
program, along with proposed
exploration plans.
Amarc’s
100% owned DUKE Project is located 80 km northeast of Smithers
within the Babine District (the “District”), one of
BC’s most prolific porphyry copper-gold belts. The District,
a 40 by 100 km north-northwesterly striking mineralized belt is
host to Noranda Mines’ past producing Bell and Granisle
copper-gold mines, and the advanced stage Morrison copper-gold
deposit. Amarc’s DUKE porphyry copper discovery is located 30
km north of the Bell Mine. Extensive infrastructure exists in the
District, which primarily relates to the forestry industry but also
dates back to mining activity.
The
porphyry copper system at DUKE has seen only limited drilling. Many
of the 30 historical shallow and closely-spaced core holes
intersected and ended in significant copper-molybdenum-silver-gold
mineralization. In the main area of known mineralization, these
holes extended to only 124 m vertical depth from surface. Examples
of the results are: hole 71-14 intersected 87 m of 0.40% Cu,
0.021% Mo, 2.2 g/t Ag and 0.05 g/t Au from 29 m to the end of
the hole that includes 40 m of 0.48% Cu, 0.023% Mo, 2.6 g/t Ag and
0.07 g/t Au; and hole 70-02 intersected 113 m of 0.30% Cu, 0.012%
Mo, 1.1 g/t Ag and 0.06 g/t Au from 30 m that includes 12 m of
0.41% Cu, 0.010% Mo, 1.6 g/t Ag and 0.09 g/t Au.
The
historical drilling was centered within a restricted part of a
robust, 3 km north-south by 1 km east-west Induced Polarization
(“IP”) chargeability anomaly, which is thought to have
been offset by faulting. When reconstructed, this IP chargeability
anomaly has a classic donut shape (see figures below, which also
provides a comparison of scale to other Babine porphyry Cu deposits
(outlined by Cu grade)1 ) that was the
target of Amarc’s eight core holes completed in 2017 through
2018 (see December 19, 2017 and June 12, 2018 news releases). Seven
of the eight core holes drilled over an area measuring
approximately 400 m north-south by 600 m east-west successfully
intersected porphyry copper-style mineralization to a vertical
depth of 360 m. This mineralization remains open to expansion. The
Report provides drill hole plans and results; selected intercept
examples are: 102 m of 0.22% Cu, 0.014% Mo, 1.3 g/t Ag and 0.06 g/t
Au in hole DK17002; 147 m of 0.27% Cu, 0.028% Mo, 1.1 g/t Ag and
0.05 g/t Au, including 20 m of 0.45% Cu, 0.033% Mo, 2.0 g/t Ag and
0.06 g/t Au in hole DK18005; and 58 m of 0.34% Cu, 0.015% Mo, 1.5
g/t Ag and 0.059 g/t Au included in a broader interval of
mineralization in hole DK18006.
Notably,
a single step-out hole (DK18004) completed by Amarc more than 1 km to the north of the seven
other Amarc holes, and within the displaced portion of the IP
chargeability anomaly, intersected substantial lengths of moderate
to low grade copper and molybdenum mineralization, confirming a
very extensive lateral dimension to the DUKE porphyry copper
system. Amarc is currently planning how best to undertake the
drilling required to delineate the geometry and grade distribution
of its DUKE discovery in order to inform a mineral resource
estimate and related studies.
- 1 -
Appreciating the
copper-gold prospectivity of the Babine District and its relatively
unexplored nature due to widespread glacial cover (4 m to 18 m
thick in the Amarc DUKE discovery drill holes), Amarc has completed
a comprehensive compilation of government and historical data over
the entire 704 km2 DUKE Project. This
integrated study provided a new interpretation of the geological,
geochemical and geophysical characteristics of the Babine District,
identifying 12 previously unrecognized porphyry copper deposit
targets with exciting potential. These target areas were defined,
for example, by anomalous copper-gold-molybdenum-silver (and other
porphyry indicator elements) till geochemistry, till samples with
identified grains of bornite, chalcopyrite and/or biotite feldspar
porphyry (“BFP”), compelling up-ice magnetic features,
and indications of structural control along faults emanating from
large deep-seated regional structures that likely controlled the
emplacement of the prospective BFP intrusions, along with numerous
other scientific vectors (please see the Report for additional
details).
Regionally, Amarc
is planning for initial, focused ground surveys taking advantage of
extensive logging road networks across the property. These surveys
would be followed by RC drilling that would test prioritized
targets for the presence of potential porphyry copper mineralized
systems below cover and, where a deposit target is confirmed core
drilling to determine the extent, grade and geometry of the
mineralized system.
- 2 -
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.
- 3 -
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.
Quality Control/Quality Assurance Program
All drill core was logged, photographed and cut in half with a
diamond saw. Half core samples from DUKE were sent to MS
Analytical, Langley, Canada facility (17025 accredited), for
preparation and analyses. Drill core samples were analyzed for Cu,
Mo, Au, Ag and 35 additional elements by Aqua Regia digestion of a
0.5 g sample followed by an ICP-AES/MS finish. Au was also analyzed
by fire assay fusion of a 30 g sample followed by AAS
finish.
As part of a comprehensive Quality Assurance Quality Control
(“QAQC”) program, Amarc control samples were inserted
in each analytical batch at the following rates: standards one in
20 regular samples, in-line replicates one in 20 regular samples
and blanks one in 50 regular samples. The control sample results
were then checked to ensure proper QAQC.
- 4 -
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 Dirom et al,
1995, Bell and Granisle
porphyry copper-gold mines, Babine region, west-central British
Columbia, CIM Special Volume 46, p. 262, 268; Carson et al, 1976,
Morrison: Geology and Evolution of a Bisected Annual Porphyry
Copper Deposit, CIM Special Volume 15, p. 266.
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.
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