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Amarc and Hudbay Partner to Advance the IKE Copper Porphyry District
Jul. 06, 2017 09:28AM PST
Base Metals Investing
Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF) is pleased to announce it has entered into a Mineral Property Farm-In Agreement (the “Agreement”) with Hudbay Minerals Inc. (“Hudbay”) (TSX: HBM; NYSE: HBM). Under the terms of the Agreement Hudbay may acquire, through a staged investment process, up to a 60% ownership interest …
Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF) is pleased to announce it has entered into a Mineral Property Farm-In Agreement (the “Agreement”) with Hudbay Minerals Inc. (“Hudbay”) (TSX: HBM; NYSE: HBM). Under the terms of the Agreement Hudbay may acquire, through a staged investment process, up to a 60% ownership interest in Amarc’s 462 km2, 100%-owned IKE copper porphyry district (the “IKE Project” or the “Project”), located near Gold Bridge, British Columbia (“BC”).
As quoted in the press release:
Robert Dickinson, Executive Chairman of Amarc: “We are pleased to welcome Hudbay, a company with a solid reputation as an experienced and responsible operator of important mines located in North and South America, to a project we believe will emerge as one of Canada’s most important new mineral developments.”
