Amarc Resources Ltd 6-K, filed Nov 15, 2021
Amarc Resources Ltd (AXREF)
6-K
2021-11-15
For: 2021-11-15
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April 07, 2026
About this 6-K
Amarc Resources Ltd filed this 6-K on November 15, 2021.
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
November,
2021
Commission
File Number: 000-49869
AMARC RESOURCES LTD.
(Translation
of registrant's name into English)
14th 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 November 15, 2021: AMARC SECURES ADDITIONAL
INVESTMENT FROM FREEPORT-MCMORAN, PROVIDES UPDATE ON ITS JOY
COPPER-GOLD DISTRICT, GOLDEN HORSESHOE TREND, BC
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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.
(Registrant)
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Date: November 15
2021
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By:
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/s/ Trevor
Thomas
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Trevor
Thomas
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Secretary
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Exhibit 99.1
AMARC SECURES ADDITIONAL INVESTMENT FROM
FREEPORT-MCMORAN,
PROVIDES UPDATE
ON ITS JOY COPPER-GOLD DISTRICT, GOLDEN HORSESHOE TREND,
BC
November 15, 2021, Vancouver, BC – Amarc Resources
Ltd. (“Amarc” or the “Company”) (TSX-V:
AHR; OTCQB: AXREF) is pleased to announce that Freeport-McMoRan
Mineral Properties Canada Inc. (“Freeport”) has for the
second time this year accelerated its investment into the Company’s JOY
Cu-Au District, (the “JOY”) located in the Toodoggone
region of the Golden Horseshoe trend, north-central British
Columbia (“BC”) (see Amarc release August 4, 2021).
Freeport has increased its Year 1 contribution to the 2021 JOY
exploration program by ~50% – from $4 million to $5.94
million.
“The Amarc technical team recently completed a successful
2021 exploration program at our JOY District,” said Amarc
President & CEO Dr. Diane Nicolson. “This comprehensive
program included both core drilling and insightful modelling of the
PINE copper-gold deposit, along with geological,
geochemical
and geophysical surveys in the area of the PINE Deposit and over
other key copper-gold deposit targets throughout the District. Our
team is currently working to integrate the results, as they are
received, into our existing data sets in order to define next
year’s deposit delineation and district exploration
programs.”
Nicolson said Amarc was pleased to welcome several members of
Freeport’s senior exploration management team from Canada and
the United States to site this summer, which further strengthened
the alliance between the partners and capitalized on the depth
of porphyry copper-gold deposit
discovery knowledge each
possesses. She commended the field crew working at JOY this season
for completing an ambitious and challenging program safely, on-time
and without incident.
Highlights of the JOY 2021 Exploration Program
●
Nine core holes
completed over 4,300 m of drilling.
●
Drilling included
three high-priority, long core holes (up to 701 m) at the PINE
Deposit that began to test the depths and lateral extent of the
porphyry Cu-Au mineralization. These are the first holes drilled at
the PINE Deposit by Amarc.
●
A single, long
drill hole (707 m) was drilled at the MEX Deposit area to test the
potential depth extension of this mineralized porphyry Cu-Au
system, below historical drilling.
●
In addition, five
initial core holes (271 m to 404 m in length) were drilled to test
four prioritized porphyry Cu-Au targets, delineated by geochemical,
Induced Polarization (“IP”), airborne magnetic and
geological surveys, which include the Twins and Canyon targets
(both >5 km2 in
area).
●
At the PINE
Deposit, more than 60 historical core holes were re-logged and
surface geological mapping completed in order to target drilling of
internal, lateral and depth extensions to the deposit for next
season. A number of additional historical drill holes from the MEX
Deposit target and other porphyry Cu-Au exploration targets were
also re-logged to inform ongoing exploration efforts throughout the
District.
●
42 line-km of IP
survey were completed adjacent and to the north of the PINE
deposit, and over the Canyon, Twins, SW Takla and Central Takla
exploration targets. Data from this survey is being merged with
information from the 112 line-km IP survey previously completed by
Amarc, and historical coverage by Gold Fields. IP chargeability
surveys measure the relative quantity of sulphide mineralization
and are particularly effective in detecting porphyry Cu deposits
covered by overburden.
Notably, IP
chargeability survey results over the partially overburden covered
Twins exploration target have outlined a sulphide system extending
over ~5 km2 that remains open to
the south and east. Within this area, a new >2.5 km2 high contrast IP
chargeability response has been partly delineated. This area is
characterized by a number of discrete magnetic-high features, is
transected by a series of interpreted structures and is centered on
a known occurrence of moderate to strongly altered monzonite
intrusive that is locally host to porphyry-style
chalcopyrite-bearing veinlets. This new area of high contrast IP
chargeability remains to be drill tested.
●
684 soils samples
were collected primarily over the SW Takla,
Twins, Canyon South and Mex South targets, extending previously
completed soils grids. Data from this survey is being merged with
information from the 10,333 soil samples previously collected over
the JOY project area.
●
179 rock samples
were collected during geological traverses over the SW Takla,
Twins, Canyon South, MEX, North Finlay and Jock
targets.
●
All drill core,
rock and rock samples have been shipped to ACTlabs in Kamloops, BC
for preparation and analyses. Laboratory timelines in BC and across
Canada have increased significantly this season; assay results will
be reported as they become available.
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 long-life, high-value porphyry copper-gold mines
in BC. By combining high-demand projects with dynamic management,
Amarc has created a solid platform to create value from its
exploration and development-stage assets.
Amarc
is advancing its 100%-owned IKE, DUKE and JOY porphyry
copper±gold districts located in different prolific porphyry
districts in southern, central and northern BC, respectively. Each
district represents significant potential for the development of
multiple and important-scale, porphyry copper±gold deposits.
Importantly each of the three districts is located in proximity to
industrial infrastructure – including power, highways and
rail.
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 projects include some of BC’s and
the world’s most important porphyry deposits – such as
Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North,
Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino,
Sisson, Maggie, IKE and Pine. 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
stakeholders in order to advance its mineral projects responsibly,
and in a manner that contributes to sustainable community and
economic development. We pursue early and meaningful engagement to
ensure our mineral exploration and development activities are well
coordinated and broadly supported, address local priorities and
concerns, and optimize opportunities for collaboration. In
particular, we seek to establish mutually beneficial partnerships
with Indigenous groups within whose traditional territories our
projects are located, 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 OF DIRECTORS OF AMARC RESOURCES
LTD.
Dr.
Diane Nicolson
President
and CEO
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.
Figure 1 The
Amarc and Freeport Team Review PINE
Deposit Historical Drill Core
Figure 2 JOY
District IP Chargeability Clusters Outline an Extensive Mineralized
System at the Twins and at Seven Other Target
Areas