Amarc Provides Update ON Duke Copper-GOLD District and Files Project Technical Report
AMARC PROVIDES UPDATE ON DUKE COPPER-GOLD DISTRICT
AND FILES PROJECT TECHNICAL REPORT
May 6, 2020, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF) is
pleased to announce that a National Instrument 43-101 Technical Report (the “Report”) for the Company's DUKE
Project, British Columbia (“BC”) (the “Project”) will be filed today under Amarc’s profile at www.sedar.com. It will
also be available on the Compan y’s website at www.amarcresources.com/ahr/Home.asp. The Report provides
details on the potential of the Company’s DUKE porphyry copper deposit target discovery (“DUKE”) and its
successful district-scale porphyry copper-gold targeting program, along with proposed exploration plans.
Amarc’s 100% owned DUKE Project is located 80 km northeast of Smithers within the Babine District (the
“District”), one of BC’s most prolific porphyry copper-gold belts. The District, a 40 by 100 km north-northwesterly
striking mineralized belt is host to Noranda Mines’ past producing Bell and Granisle copper-gold mines, and the
advanced stage Morrison copper-gold deposit. Amarc’s DUKE porphyry copper discovery is located 30 km north
of the Bell Mine. Extensive infrastructure exists in the District, which primarily relates to the forestry industry but
also dates back to mining activity.
The porphyry copper system at DUKE has seen only limited drilling. Many of the 30 historical shallow and closely-
spaced core holes intersected and ended in significant copper-molybdenum-silver-gold mineralization. In the main
area of known mineralization, these holes extended to only 124 m vertical depth from surface. Examples of the
results are: hole 71-14 intersected 87 m of 0.40% Cu, 0.021% Mo, 2.2 g/t Ag and 0.05 g/t Au from 29 m to the end
of the hole that includes 40 m of 0.48% Cu, 0.023% Mo, 2.6 g/t Ag and 0.07 g/t Au; and hole 70-02 intersected
113 m of 0.30% Cu, 0.012% Mo, 1.1 g/t Ag and 0.06 g/t Au from 30 m that includes 12 m of 0.41% Cu, 0.010% Mo,
1.6 g/t Ag and 0.09 g/t Au.
The historical drilling was centered within a restricted part of a robust, 3 km north -south by 1 km eas t-west
Induced Polarization (“IP”) chargeability anomaly, which is thought to have been offset by faulting. When
reconstructed, this IP chargeability anomaly has a classic donut shape (see figures below, which also provides a
comparison of scale to other Babine porphyry Cu deposits (outlined by Cu grade)1 ) that was the target of Amarc’s
eight core holes completed in 2017 through 2018 (see December 19, 2017 and June 12, 2018 news releases).
Seven of the eight core holes drilled over an area measuring approximately 400 m north -south by 600 m east -
west successfully intersected porphyry copper -style mineralization to a vertical depth of 360 m . This
mineralization remains open to expansion . The Report provides drill hole plans and results ; selected intercept
examples are: 102 m of 0.22% Cu, 0.014% Mo, 1.3 g/t Ag and 0.06 g/t Au in hole DK17002; 147 m of 0.27% Cu,
0.028% Mo, 1.1 g/t Ag and 0.05 g/t Au, including 20 m of 0.45% Cu, 0.033% Mo, 2.0 g/t Ag and 0.06 g/t Au in hole
DK18005; and 58 m of 0.34% Cu , 0.015% Mo, 1.5 g/t Ag and 0.059 g/t Au included in a broader interval of
mineralization in hole DK18006.
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Notably, a single step-out hole (DK18004) completed by Amarc more than 1 km to the north of the seven other
Amarc holes, and within the displaced portion of the IP chargeability anomaly, intersected substantial lengths of
moderate to low grade copper and molybdenum mineralization, confirming a very extensive lateral dimension to
the DUKE porphyry copper system. Amarc is currently planning how best to undertake the drilling required to
delineate the geometry and grade distribution of its DUKE discovery in order to inform a mineral resource estimate
and related studies.
Appreciating the copper-gold prospectivity of the Babine District and its relatively unexplored nature due to
widespread glacial cover (4 m to 18 m thick in the Amarc DUKE discovery drill holes), Amarc has completed a
comprehensive compilation of government and historical data over the entire 704 km 2 DUKE Project. This
integrated study provided a new interpretation of the geological, geochemical and geophysical characteristics of
the Babine District, identifying 12 previously unrecognized porphyry copper deposit targets with exciting
potential. These t arget areas w ere defined, for example, by anomalous copper-gold-molybdenum-silver (and
other porphyry indicator elements ) till geochemistry, till samples with identified grains of bornite, chalcopyrite
and/or biotite feldspar porphyry (“BFP”) , compelling up -ice magneti c features, and indications of structural
control along faults emanating from large deep-seated regional structures that likely controlled the emplacement
of the prospective B FP i ntrusions, along with numerous other scientific vectors (please see the Report for
additional details).
Regionally, Amarc is planning for initial , focused ground surveys t aking advantage of extensive logging road
networks across the property. These surveys would be followed by RC drilling that would test prioritized targets
for the presence of potential porphyry copper mineralized system s below cover and, where a deposit target is
confirmed core drilling to determine the extent, grade and geometry of the mineralized system.
2
DUKE Deposit – Historical IP Geophysics Shows DUKE
Mineralized System to be Significant
1 Kilometre
IP Chargeability
Anomaly
DUKE
Offset Target
Postulated Fault
Offsetting
Chargeability
Anomaly
DUKE Deposit – Historical IP Geophysics Shows DUKE
Mineralized System to be Significant
3
DUKE Deposit – Reconstruction Forms IP Chargeability Donut;
A Classic Signature of Porphyry Copper Deposits
All Plan Views Are At The Same Scale
500 Metres
Morrison
Bell
Granisle
Cu in %
Cu in %
1971
Drilling
Area
Plan Views Reconstructed Deposit Drill Target
500
Metres
Untested
Target
See Morrison Deposit Example
DUKE Deposit – Graphic Reconstruction Forms IP Chargeability
Donut; A Classic Signature of Porphyry Copper Deposits
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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 projects.
Amarc is advancing the 100% -owned IKE, DUKE and JOY porphyry copper deposit projects located in different,
prolific porphyry districts in southern, central and northern BC, respectively. Each of the three projects is located
in proximity to industrial infrastructure – including power, highways and rail. These projects represent significant
potential for the discovery of multiple and important -scale, porphyry gold -copper and copper -molybdenum
deposits.
Amarc is associated with HDI, a diversified, global mining company with a 30 -year history of porphyry d iscovery
and development success. Previous and current HDI porphyry projects include 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, Casino, 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.
Amarc works closely with local governments, indigenous gr oups and other project stakeholders in order to
advance its mineral properties responsibly, and to do so in a manner that contributes to sustainable community
and economic development. Amarc senior management and project teams seek early and meaningful
engagement with local landowners, First Nations and other land interests to ensure its mineral exploration and
development activities are well-coordinated and broadly supported, to address local priorities and concerns, and
to optimize opportunities for coll aboration and local benefit. In particular, the Company seeks to establish
mutually beneficial partnerships with indigenous groups within whose traditional territories its projects are
located – including through the provision of jobs, training programs, c ontract opportunities, capacity funding
agreements and sponsorship of community events. All Amarc 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 in this release.
Quality Control/Quality Assurance Program
All drill core was logged, photographed and cut in half with a diamond saw. Half core samples from DUKE were sent to
MS Analytical, Langley, Canada facility (17025 accredited), for preparation and analyses. Drill core samples were
analyzed for Cu, Mo, Au, Ag and 35 additional elements by Aqua Regia digestion of a 0.5 g sample followed by an ICP-
AES/MS finish. Au was also analyzed by fire assay fusion of a 30 g sample followed by AAS finish.
As part of a comprehensive Quality Assurance Quality Control (“QAQC”) program, Amarc control samples were inserted
in each analytical batch at the following rates: standards one in 20 regular samples, in-line replicates one in 20 regular
samples and blanks one in 50 regular samples. The control sample results were then checked to ensure proper QAQC.
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For further details on Amarc Resources Ltd., please visit the Company’s website at www.amarcresources.com or
contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD
Dr. Diane Nicolson
President and CEO
1 Dirom et al, 1995, Bell and Granisle porphyry copper-gold mines, Babine region, west-central British Columbia, CIM Special Volume 46, p.
262, 268; Carson et al, 1976, Morrison: Geology and Evolution of a Bisected Annual Porphyry Copper Deposit, CIM Special Volume 15, p.
266.
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
reasonable assumptions, such statements are not guarantees of future performance and actual results or developments m ay 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. Factors that could cause
actual results to differ materially from those in forward -looking statements include marke t prices, potential environmental issues or
liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuit y 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, explorat ion and
development of properties located within Aboriginal groups as serted territories may affect or be perceived to affect asserted aboriginal
rights and title, which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and
general economic, market or business conditions, as well as risks relating to the uncertainties with respect to the effects of COVID -19.
Investors are cautioned that any such statements are not guarantees of future performance 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
Amarc'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.