Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 29

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 29
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 of deposit targets in the DUKE District.

Drill holes DK24038 and DK24040 returned important Cu-Mo-Ag intercepts and with a previously reported intercept in DK18004 (Amarc June 12, 2018 release), are outlining a newly recognized volume of mineralized rock to the west of the DUKE Fault which represents an offset portion of the DUKE Deposit that was displaced some 450 to 500 m northwards (Figure 9). The initial drilling suggests that this new target has a strike length of approximately 500 m and an estimated true width of around 120 m. It remains to be fully drill delineated.

Importantly, the new accurate determination of the displacement along the DUKE Fault permits targeting - for the first time - the location of the fault-offset portion of the Cu-Mo-Au-Ag mineralization intersected in hole DK 17001 (Amarc June 12, 2018 release). The last 93.5 m of this drill hole cut 0.31% CuEQ (0.23% Cu, 0.001% Mo, 2.7 g/t Ag, 0.12 g/t Au), including a significant Au intersection of 0.68 g/t Au over 9 m from 509 to 518.5 m at the bottom of the hole.

Table3: DUKE Deposit 2024 Assay Results

  From (m)      To (m)      Int. 1,2,3 (m)      CuEQ 4 (%)      Cu (%)      Mo (%)      Au (g/t)      Ag (g/t)  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
    347.10      507.00              159.90            0.34        0.25       0.014          0.05           1.1  
    347.10      451.00              103.90            0.38        0.29       0.016          0.06           1.3  
    364.50      436.00               71.50            0.45        0.35       0.016          0.06           1.6  
     54.00       81.00               27.00            0.21        0.18       0.006          0