Amarc Field Programs RAMP-up at Joy Copper-GOLD Porphyry Project, BC
AMARC FIELD PROGRAMS RAMP-UP AT JOY COPPER-GOLD PORPHYRY PROJECT, BC
July 17, 2018, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF)
is pleased to announce that field work has commenced at its 464 km2 JOY porphyry copper-gold project which
covers the northern extension to the prolific Kemess porphyry gold-copper district in north-central, BC. In 2017,
Centerra Gold purchased the southern Kemess district located directly adjacent to the south of the JOY project
for $310 million. The $2 million, 2018 JOY program is being funded by Hudbay Minerals Inc. (Hudbay) , which
has partnered with Amarc to explore and develop the JOY project. Hudbay will also pay $1.15 million this year
to Amarc for property acquisition costs.
Amarc has identified a new, 20 km long by 4 km wide northeast trending structural corridor crossing the JOY
property. This favourable structural trend - named the Finlay Magnetic Corridor (“FMC”) - hosts the PINE and
TREE gold-copper porphyry deposit s and, based on extensive historical geochemical, geophysical and drilling
programs by past operators , numerous other compelling deposit targets . This year’s field work includes the
completion of property -wide heliborne magnetic surveys, followed by exploration surveys over prioritized
targets within and adjacent to the FMC. These surveys include 80-100 km of Induced Polarization (“IP”) surveys,
850 sample soil surveys and extensive geological mapping. Drilling is expected to follow to test sulphide systems
that are delineated by the surveys for major gold-copper deposits.
The detailed heliborne magnetic survey over most of the project area was recently completed. Results indicate
that the PINE and TREE gold -copper deposits on the property are represented by northeast trending magnetic
highs within the northeast trending FMC. There are a number of similar magnetic features located along and
adjacent to this major structural corridor which are now being explored by the other field surveys. For Maps
and Figures of the survey area, see http://www.amarcresources.com/ahr/MapsFigures.asp?ReportID=831536 .
About Amarc Resources Ltd.
Amarc is a mineral exploration and development company with an experienced and successful management
team focused on developing a new generation of BC porphyry copper mines. By combining strong projects and
funding with successful management, Amarc has created a solid platform to create value from its exploration
and development-stage programs.
Amarc is advancing its 100% owned IKE, DUKE and JOY porphyry copper deposit districts, located in southern,
central and northern BC, respectively, each with proximity to industrial infrastructure, power, highways and rail.
These projects represent significant potential for the discovery of multiple and important-scale, porphyry gold-
copper and copper -molybdenum deposits. Hudbay Minerals Inc. is funding development of the IKE and JOY
projects in partnership with Amarc, which is operating these exploration and development programs. Amarc is
sole funding its DUKE Proje ct. Please see corporate presentation available on Amarc’s website at
www.amarcresources.com.
-2-
Amarc is associated with Hunter Dickinson Inc. (“HDI”), a diversified, global mining company with a 29 -year
history of porphyry discovery and development success. P revious and current HDI porphyry projects included
some of BC’s and the world’s most important mineral resources – such as Pebble, Mount Milligan, Kemess South,
Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Sisson, Maggie and IKE. From its head
office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and
monetize mineral projects to provide superior returns to shareholders.
Amarc is working with government, stakeholders and First Nations toward the responsible development of its
projects, and manages an ongoing program of community and regional outreach for each of its projects. These
efforts include the provision of jobs, training programs, contract opportunities, capacity funding and sponsorship
of community events. The Company also seeks to establish comprehensive partnership discussion s with local
First Nations at the earliest stages of project development with the goal of establishing progressive agreements.
All work programs are carefully planned to achieve high levels of environmental and social performance.
Qualified Person as Defined Under National Instrument 43-101
Mark Rebagliati, P. Eng., a Qualified Person as defined under National Instrument 43 -101, has reviewed and
approved the technical content of this release.
For further details on Amarc Resources Ltd., please visit the Company’s website at www.amarcresources.com or
contact Dr. Diane Nicolson, President, at (604) 684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD
Ronald W. Thiessen
Chief Executive Officer
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking and other Cautionary Information
This news release includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical
facts that address exploration drilling, exploitation activities and other related events or developments are forward -looking statements. Although the
Company believes the expectations expressed in such forward -looking statements are based on re asonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those in the forward -looking statements. Assumptions
used by the Company to develop forward -looking statements include the following: Amarc's projects will obtain all required environmental and other
permits and all land use and other licenses, studies and exploration of Amarc's projects will continue to be positive, and no geological or technical problems
will occur. The Company cannot guarantee that the Consolidated Loan and issuance of securities contemplated by this release will complete. There is no
certainty that the Company will be able to repay the Consolidated Loan or any other outstanding debt or liability of the Company in a timely manner or at
all. Factors that could cause actual results to differ materially from those in forward -looking statements include market prices, potential environmental
issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization,
uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of
government policies regarding mining and natural resource exploration and exploitation, exploration and development of properties l ocated within
Aboriginal groups asserted territories may affect or be perceived to affect asserted aboriginal rights and title, whi ch may cause permitting delays or
opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business co nditions. Investors are
cautioned that any such statements are not guarantees of future performan ce and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information on Amarc Resources Ltd., investors should review the Company's annual Form 20 -F
filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.