Amarc Resources Ltd 6-K, filed Aug 4, 2021
Amarc Resources Ltd (AXREF)
6-K
2021-08-04
For: 2021-08-04
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Added on
April 07, 2026
About this 6-K
Amarc Resources Ltd filed this 6-K on August 4, 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
August 4,
2021
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 August 4, 2021- AMARC
RECEIVES ADDITIONAL
FUNDING FROM
FREEPORT-McMoRan MINERAL PROPERTIES CANADA INC. TO
ADVANCE EXPLORATION ACTIVITIES AT ITS JOY COPPER-GOLD PORPHYRY
DISTRICT, 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: August 4,
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 RECEIVES ADDITIONAL FUNDING FROM FREEPORT-McMoRan MINERAL
PROPERTIES CANADA INC.
TO ADVANCE EXPLORATION ACTIVITIES AT ITS JOY COPPER-GOLD PORPHYRY
DISTRICT, BC
August 4, 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 increased
its first
year contribution to the Company’s ongoing exploration
program at the JOY District (the “JOY”) in
north-central British Columbia (“BC”) by 37.5% –
from CDN$4 million to CDN$5.5 million.
Amarc is operating a comprehensive exploration program at JOY this
summer, with core drilling and geological, geochemical and
geophysical survey crews all active on-site. Additional funding
provided by Freeport will be primarily focused on expanding the
ongoing diamond drilling program.
“These
are transformative times for Amarc and the JOY District,”
said Amarc President & CEO Dr. Diane Nicolson. “The
strength of our alliance with Freeport, our shared understanding of
the exceptional copper and gold discovery potential at JOY, and the
combined expertise of our respective teams has positioned Amarc for
success at a historic time in our metals markets. We believe
it’s a combination that could drive significant value
creation for our shareholders in the months and years
ahead.”
Nicolson
said the objective of Amarc’s 2021 field season at JOY is to
advance
both deposit delineation and assess multiple targets areas –
some of which are already known to host copper and gold
mineralization. She added that the Company expects to begin
announcing initial results from this season’s exploration
campaign before the end of the summer.
The JOY District covers the northern extension of the
prolific Kemess porphyry Cu-Au district in the underexplored
Toodoggone region, part of BC’s
Golden Horseshoe.
In May 2021 Amarc announced that it had formed an alliance
with Freeport, a wholly owned subsidiary of Freeport-McMoRan
Inc. (NYSE:FCX), to explore the JOY District. Under the terms of
the agreement, Freeport has a two-stage option to earn up to a 70%
ownership interest in the mineral claims comprising the JOY
District, plus other rights and interests, over up to a 10 year
period, by spending a total of CDN$110 million.
Amarc’s 100%-owned consolidated mineral tenure at JOY hosts a
pipeline of high quality targets, including: the PINE Cu-Au
deposit, which remains open to expansion; the MEX Cu-Au deposit
target; and, a number of other high potential drill-ready Cu-Au
porphyry targets, which cluster on the
property. In addition, related
Au-Ag epithermal deposit potential remains to be fully explored at
JOY.
Further in-depth information on historical and contemporary
exploration activities completed within the JOY District, detailing
its significant potential, can be found in the Company’s
‘JOY Project 2020 Technical Report’ filed under Amarc's
profile at
www.sedar.com or located
on our website at https://amarcresources.com/projects/joy-project/technical-report/.
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 the 100%-owned IKE, DUKE and JOY porphyry
copper±gold districts located in different prolific porphyry
districts in southern, central and northern BC, respectively. Each
of the three districts is located in proximity to industrial
infrastructure – including power, highways and rail.
Importantly, each district represents significant potential for the
development of multiple and important-scale, porphyry
copper±gold 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 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.