Copper

Amarc Resources Ltd. (TSXV: HR; OTCBB:AXREF) provided updates from exploration work done at the Galaxie property in B.C.

Amarc Resources Ltd. (TSXV: HR; OTCBB:AXREF) provided updates from exploration work done at the Galaxie property in B.C.

As quoted in the press release:

The Galaxie property hosts the Gnat porphyry copper deposit, where a two-hole drill program was undertaken in December 2012 to test newly identified potential to the known historical estimate, which comprises an “Indicated Reserve” of 30 million tonnes grading 0.39% Cu. The 2012 drill program confirmed the presence of mineralization at depth, returning intervals of, for example, 55.7 metres at 0.44% copper and 91.0 metres at 0.37% copper. Elsewhere on the Galaxie property, comprehensive surface exploration programs have identified new porphyry copper and skarn silver targets for drill testing in 2013.

Amarc’s Chairman, Bob Dickinson, said:

The Galaxie Project represents one of the few remaining underexplored areas of the prolific Stikine Terrane in northern BC, which is host to a number of important copper-gold deposits with substantial mineral resources – including Red Chris, Schaft Creek, Galore and the Kerr-Sulphurets-Mitchell-Snowfields deposits. Galaxie is considered by Amarc management to hold significant potential for the discovery of important new porphyry copper deposits.

To view the whole press release, click here.

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