Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 40

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 40
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 zone located between the Empress Deposit and Empress East Deposit Target, suggests there are clear opportunities to expand the Empress Deposit and Empress East Deposit Target across the Empress Gap Target. Due to poor weather conditions in November 2024, the Gap was not drill tested; however, a single historical and re-assayed core hole 91-41 drilled in the Gap and returned an encouraging intercept of 83.5 m at 0.21% CuEQ (0.09 g/t Au, 0.16% Cu and 0.7 g/t Ag) from 69.8 m. The Empress Gap requires comprehensive drilling.

Granite Porphyry: The nearby Granite porphyry Cu± Au± Ag± Mo occurrence, a deposit target concealed by shallow overburden was recognized during Amarc’s 2024 geological examination of historical drill core. This newly identified deposit target is considered a possible source of the mineralizing replacement fluids for Empress. Re-assaying of historical drill hole 91-49 returned 102.1 m of 0.26% CuEQ (0.17 g/t Au, 0.15% Cu and 0.3 g/t Ag) from 189 m. The Granite Deposit Target requires drill delineation.

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Although the grades and extents of the mineralization encountered so far indicate high potential at Greater Empress, the understanding of controls on the mineralization is advancing, and has confirmed the area remains substantially underexplored.

Figure 14

Plan of Historical and Amarc 2024 Drill Holes at Empress Deposit and Empress East Deposit Target showing section lines (see Figures 14 and 15).

Figure 15

Historical drilling at Empress Deposit and Empress East Deposit Target (and location of 2024 drill holes): lateral higher grade Cu-Au drill intercepts indicate expansion potential.

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Figure 16

Cross Sections of historical and 2024 drill results at Empress Deposit and Empress East Deposit Target showing Cu-Au grade continuity and lateral extent of mineralization that is open to expansion.

C. ORGANIZATIONAL STRUCTURE

The Company has no subsidiaries.

D. PROPERTY, PLANT AND EQUIPMENT

None of the Company’s properties have any material tangible fixed assets located thereon.

ITEM 4A UNRESOLVED STAFF COMMENTS