Porphyry copper deposits are among the world’s most valuable deposits. Here’s what investors should know about them.
By Cynthia Minh
Amarc Resources (“Amarc” or the “Company”) (TSXV: AHR; OTCBB: AXREF) announced results from the 2016 field programs at the IKE porphyry copper-molybdenum-silver discovery and surrounding district, located near Gold Bridge, British Columbia.
As quoted in the press release:
This year, 1,923 m of core drilling was completed at IKE in 3 drill
Amarc Resources (TSXV:AHR) has finalized its definitive agreement with Thompson Creek Metals (TSX:TCM) to advance its Ike project in British Columbia. Overall, Thompson Creek will have the option to aquire a 50 percent interest in the project.
Amarc Resources (TSXV:AHR) reported its 2015 drill results from its IKE discovery, with highlights including 592 meters of 0.44 percent copper equivalent at 0.30 percent copper, 0.032 percent molybdenum and 2.1 grams per tonne of silver. 2015 work programs at IKE were funded by Thompson Creek Metals (TSX:TCM).
Thompson Creek Metals has entered into an option to purchase up to a 50-percent interest in Amarc Resources’ Ike project in British Columbia.
Some believe it’s optimistic to expect a 2015 copper surplus given that miners tend to underperform when it comes to production of the red metal; however, the second argument has rung true in recent weeks, with BHP Billiton anticipating reduced copper production at Olympic Dam.
In November 2014, Amarc announced a new copper-molybdenum-silver discovery on its IKE project in Southern British Columbia. The project had intermittent exploration between 1969 and 2011 with three historical drill holes.
Shares of Amarc Resources (TSXV:AHR) jumped this morning as the company announced it had made a significant copper-molybdenum-silver discovery at its IKE Project near Gold Bridge, British Columbia, based on assay results from an initial nine hole diamond drill program.
Great Quest is selling its Taseko copper-gold exploration property in order to stay focused on its fertilizer projects in Mali and Botswana.
Great Quest Fertilizer Ltd. (TSXV:GQ) reported that it has sold its Taseko exploration property in British Columbia, Canada to Amarc Resources Ltd. (TSXV:AHR). Amarc will pay Great Quest $400,000 for the property, while Great Quest will retain a 2 percent royalty, purchasable for $2 million at commencement of commercial production.
Quartz Mountain Resources Ltd. (TSXV:QZM,OTCBB:QZMRF) announced the results of summer exploration projects carried out by Amarc Resources Ltd. (TSXV:AHR), its partner, at the ZNT and Galaxie projects, both of which are in British Columbia, Canada. One highlight is that surface exploration at ZNT has “delineated a compelling silver and zinc
By Vivien Diniz
Amarc Resources (TSXV:AHR) announced in an initial NI 43-101 compliant mineral resource estimate for thes Newton bulk-tonnage gold silver project in British Columbia. The estimate is based on 24,513 merters of drilling over 78 holes and confirmed a significant bulk tonnage discovery. The project has an inferred mineral resource of
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