Amarc Reports Reports 592 Meters of 0.44 Percent Copper Eq at IKE

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).
As quoted in the press release, highlights included:

• 124 metres of 0.45% CuEQ1 @ 0.34% Cu, 0.022% Mo and 3.2 g/t Ag
• 214 metres of 0.37% CuEQ @ 0.26% Cu, 0.023% Mo and 2.2 g/t Ag
• 592 metres of 0.44% CuEQ @ 0.30% Cu, 0.032% Mo and 2.1 g/t Ag
• 86 metres of 0.47% CuEQ @ 0.33% Cu, 0.032% Mo and 2.2 g/t Ag
• 111 metres of 0.36% CuEQ @ 0.30% Cu, 0.010% Mo and 2.3 g/t Ag

The release also stated:

Assay results have been received from the nine hole, 5,028 metre, diamond drill program completed at IKE this year. These holes (numbered 15010 through 15018) and the nine holes (14001 through 14009) totaling 5,409 metres completed in 2014, have all intersected varying amounts of chalcopyrite and molybdenite mineralization over an increasingly broad area, now measuring 1,200 metres east-west by 1,000 metres north-south and extending to depths of over 500 metres. Copper equivalent grades returned over long continuous drill intercepts continue to compare favourably to the range of copper equivalent grades for mineral resources and mineral reserves at active BC porphyry copper (± molybdenum ± gold ± silver) mines. Mineralization encountered by the drilling at IKE remains open to expansion in all lateral directions and to depth.
Assay data from Amarc’s 18 drill holes combined with results from geological, geochemical and geophysical surveys completed outwards from the area drilled indicate the presence of an important porphyry-style copper-molybdenum-silver deposit. The IKE discovery, together with the surrounding district of additional prospective porphyry copper (±molybdenum±silver±gold) targets that remain to be drill tested, have the potential to possess the grades and resources necessary to develop into an important mining camp. In addition to the main IKE mineral property, Amarc has secured extensive mineral claims in the region to cover these compelling deposit targets, as well as potential infrastructure sites.

Amarc CEO, Ron Thiessen, said:

We believe IKE continues to emerge as one of our country’s most important new mineral developments. Amarc and Thompson Creek hold a common view of the potential of the IKE property, and a shared commitment to efficiently advance it in a manner that balances technical, environmental and social considerations.

Amarc has previously been mentioned by Jon Kaiser of Kaiser Research. Read his thoughts here.
Click here for the full press release.