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amarc resources ltd (AHR) Details

Amarc Resources Ltd. engages in the exploration and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It focuses on developing IKE, DUKE, and JOY porphyry copper deposit projects in British Columbia. The company was formerly known as Patriot Resources Ltd. and changed its name to Amarc Resources Ltd. in January 1994. Amarc Resources Ltd. was incorporated in 1993 and is headquartered in Vancouver, Canada.

Founded in 1993

amarc resources ltd (AHR) Top Compensated Officers

CEO, President & Director
Total Annual Compensation: C$200.0K
Executive Chairman
Total Annual Compensation: --
Compensation as of Fiscal Year 2018.
amarc resources ltd
Amarc Resources Ltd. Announces Executive Changes

Amarc Resources Ltd. announced that Ronald Thiessen has resigned as director and Chief Executive Officer of the company. Diane Nicolson has been appointed Chief Executive Officer.

Amarc Resources Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Nine Months Ended December 31, 2018

Amarc Resources Ltd. reported unaudited consolidated earnings results for the fourth quarter and nine months ended December 31, 2018. For the quarter, the company reported net loss of CAD 909,275 against CAD 1,013,020 a year ago. Basic and diluted loss per common share was CAD 0.01 again CAD 0.01 a year ago. For the nine months, the company reported net loss of CAD 1,752,298 against CAD 1,733,905 a year ago. Basic and diluted loss per common share was CAD 0.01 again CAD 0.01 a year ago.

Amarc Works to Re-Partner After Hudbay Relinquishes Exploration Options At Joy and Ike Projects, BC

Amarc Resources Ltd. announced that Hudbay Minerals Inc. has relinquished its options to earn an interest in the IKE porphyry copper-molybdenum project near Gold Bridge, British Columbia (“BC”), and also the JOY gold-copper project in the Toodoggone region of north-central BC. Amarc continues to be fully committed to unlocking the emerging value of its 100% owned IKE, JOY and DUKE porphyry copper-gold and copper-molybdenum projects and is now considering new funding partners. The 464 km2 JOY property covers the northern extension of the prolific Kemess porphyry gold-copper district. Over the last two years, with a total investment of $5.55 million, Amarc/Hudbay consolidated the land package and completed extensive airborne and ground exploration surveys along with compiling thousands of geochemical and geophysical survey data points from previous operators (Gold Fields Toodoggone Exploration Corporation and Cascadero Copper Corporation). This work has delineated multiple, high potential, porphyry gold-copper deposit targets. Five clusters of drill-ready targets, covering areas from 1.5 km2 to more than 5 km2 are defined by a combination of positive factors that include: extensive IP chargeability highs indicating large sulphide mineralized systems; areas of notable gold and copper enrichment identified by shallow historical drill holes; coincident, high-contrast copper, gold, molybdenum and zinc soil geochemical anomalies; and favorable geology and magnetic signatures. Amarc’s team, whose members are credited with being the first to recognize the Kemess district’s true potential, having discovered and advanced the Kemess South deposit, believe the JOY project targets have high potential to host multiple, important-scale porphyry gold-copper deposits. Multiple drill holes are required for the initial testing of each target area. At the 462 km2 IKE property, Amarc/Hudbay completed extensive induced polarization geophysical surveys, talus geochemical sampling and drilling with a total exploration investment of $4.9 million over the last two years. This work has delineated a 3.5 km by 2 km mineralized system which hosts the IKE porphyry copper-molybdenum-silver deposit discovery. Core drilling of 15,455 metres in 26 holes has intersected chalcopyrite and molybdenite mineralization over an increasingly broad area, now measuring 1,200 m east-west by 1,000 m north-south and extending vertically over 875 m. Substantial volumes of mineralized material have been intersected and remain open to further expansion. Extensive regional surveys have also identified a number of other significant porphyry copper (±molydenum±gold±silver) deposit targets all within 10 km of IKE. Amarc believes the IKE project has the potential to possess the grades and tonnages to develop into an important mining camp. The IKE deposit discovery has important economic potential as indicated by the copper equivalent grades returned over long continuous drill intercepts, which compare favourably to the range of copper equivalent grades for reserves and resources at operating BC porphyry copper (± molybdenum ± gold ± silver) mines.

 

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