Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 22

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 22
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/t Au, 0.13% Cu and 0.6 g/t Ag) from 491 m. Additional drilling is required to determine the extent and nature of this discovery and to further explore the extensive, high potential Twins Target.

The PINE Depositand its expansion potential are hosted within a 6 km2mineralized system, which remains to be fully explored (Figure 4). As mentioned above, earlier drilling by Amarc successfully extended the footprint of the deposit over a strike length of 1,700 m within a 2,600 m mineralized footprint.

Drill hole JP24058 completed in 2024 was designed to step out 250 m to the southeast from the known PINE Deposit to look for lateral extensions and high grade feeder structures. Unfortunately, the hole was deflected off course after intersecting a fault; however, JP24058 successfully intersected 182 m of 0.32% CuEQ (0.26 g/t Au, 0.16% Cu and 2.3 g/t Ag) from 368 m, including 110 m of 0.44% CuEQ (0.34 g/t Au, 0.23% Cu, 3.1 g/t Ag) from 440 m and 36.85 m of 0.79% CuEQ (0.51 g/t Au, 0.48% Cu and 3.7 g/t Ag) from 785 m. These mineralized intersections have expanded the PINE Deposit 180 m to the east and 180 m to the south. Significant additional drilling is required to fully delineate the PINE Deposit and assess the Cu-Au potential within the greater PINE Target.

The Canyon Discoveryis outlined by an underexplored 5 km2IP chargeability geophysical anomaly which indicates the presence of a large-scale sulphide system (Figure 4). Previous reconnaissance drilling at Canyon discovered a new zone of porphyry Cu-Au mineralization (Amarc March 2, 2023 release). In 2024, drill hole JP24046 stepped out 250 m to the east-northeast from JP22030, successfully extending the mineralization to depth and intercepting 402.00 m of 0.22% CuEQ (0.16% Cu, 0.09 g/t Au and 1.2 g/t Ag) including 51.00 m of 0.44% CuEQ (0.32% Cu, 0