Molybdenum

Amarc Resources Ltd. (TSXV:AHR,OTCBB:AXREF) announced a significant copper-moly-silver discovery at its IKE project in British Columbia, Canada.

Amarc Resources Ltd. (TSXV:AHR,OTCBB:AXREF) announced a significant copper-moly-silver discovery at its IKE project in British Columbia, Canada.

As quoted in the press release:

Assay results received from an initial nine hole (5,400 metre) diamond drill program have confirmed the presence of an important porphyry-style deposit.

The nine discovery drill holes intersected chalcopyrite and molybdenite mineralization from surface and over a broad area, measuring 1,200 metres east-west by 600 metres north-south and to depths of approximately 500 metres. Mineralization at IKE remains open in all lateral directions and to depth. These holes and post-drilling geological, geochemical and geophysical surveys completed outwards from the drilled area indicate that the IKE porphyry system has the potential for important-scale resource volumes. Amarc has secured additional mineral claims in the IKE area to cover other compelling deposit targets as well as potential infrastructure sites. A comprehensive corporate and technical business plan is being implemented to efficiently move IKE forward.

Amarc’s executive chairman, Bob Dickinson, commented:

Our Amarc team has made an exciting new bulk tonnage porphyry copper-molybdenum-silver discovery at IKE in the heartland of British Columbia’s producing porphyry copper mines. The extent, continuity and grade of the mineralization encountered indicate important potential resource volumes. It is very encouraging that long, continuous intercepts at IKE have returned copper equivalent grades in the range of those for operating copper mines in the province. Amarc is planning an expanded drill program at IKE in 2015, with the goal of fully delineating the copper-molybdenum-silver deposit.

Click here to read the full Amarc Resources Ltd. (TSXV:AHR,OTCBB:AXREF) press release.

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