Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 19

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 19
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 Cu-Au-Ag AuRORA deposit was discovered in the expansive NWG Target, in an area of the JOY District that until 2024 had not been drill tested. NWG is located at the northwest end of a possible 15 km mineralized trend that extends southeast toward the GAP, Twins and SWT Targets.

Hole JP24057, the first hole ever drilled at AuRORA, intersected a new porphyry Cu-Au-Ag system hosting high and continuous Au grades (see Table 1). Following completion of this discovery hole, Amarc initiated systematic step out drilling with three core rigs, with a view to begin to outline the Cu-Au-Ag deposit.

Hole JP24057 and six other holes were drilled at approximately 100 m intervals on east-west section 7800N. Drilling on this section established a 600 m wide zone of porphyry mineralization characterized by excellent lateral and vertical continuity that extends from near surface and is open to lateral expansion. Results from six holes drilled on Section 7900N (some 100 m to the north of Section 7800N) at the AuRORA Deposit built positively on those from Section 7800N, including intersections of high grades of Au in combination with strong Cu and Ag values with lateral and vertical continuity that begin near the surface. The consistency of the grades within the holes at AuRORA are illustrated in the sample-by-sample results for holes JP24059 and JP24074 on Section 7800N and JP24073 and JP24075 on Section 7700N that are provided in Amarc’s January 17, 2025 and January 20, 2025 releases, respectively.

Seven additional AuRORA deposit holes were drilled along four east-west sections: Section 8000N, located 100 m to the north of Section 7900N, and Sections 7700N, 7600N and 7500N located 100 m, 200 m and 300 m south, respectively, of Section 7800N - the discovery section. Fewer holes were drilled on these sections as the Company was required to demobilize when the camp housing the Amarc crew closed for the season. Nevertheless, collectively, some 20 initial holes were drilled at AuRORA in 2024, advancing Amarc’s objective to outline a significant Cu-Au-Ag deposit.

  Table of Contents  

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Table 1 - JOY AuRORA Porphyry