Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 31

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 31
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 2024. All three targets are located to the north of the DUKE Deposit (Figure 10). The JO and C4 Targets were not previously known and had not been drill tested. The Svea Target had limited historical drill testing in the late 1960’s and early 1970’s. The initial results show:

  The effective use of reconnaissance scale Induced Polarization (“ IP”) and airborne magnetic geophysical surveys, along with geochemical and geological surveys for target delineation, followed ...  
  Cu-Au ratios at the C4 and Svea occurrences indicate that the BFP intrusions are Au-enriched.                                                                                                         
  The presence of Au enhanced intervals at the JO Target is considered significant: gold-zinc mineralization is hosted within sulphide-rich black clastic sediments and may represent an ancillary ...  
  The initial drill programs at the JO, C4 and Svea targets identified prospective mineralized environments (Amarc July 2, 2025 release). Defining the scale of higher-grade mineralization within ...  

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Figure 10

Induced Polarization Geophysical and other surveys have delineated multiple new porphyry Cu-Au targets in the DUKE District for drill testing.

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IKE District

Location and Infrastructure

The IKE District is located in the Clinton and Lillooet Mining Divisions, approximately 35 km northwest of Gold Bridge in west central BC. Figure 11 shows the location of the IKE District and infrastructure within the region. The centre of work on the IKE Deposit is located at 51º 02’ 32” N Latitude and 123º 22’ 20” W Longitude; or UTM Zone 10 (NAD 83) at 5,654,600 m N and 473,900 m E.

Figure 11

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Property Description

Amarc owns 100% interest and is the operator of the IKE District. The project comprises the adjoining IKE, Galore, Granite properties acquired from other companies (as described below) and the Juno property staked by Amarc and shown in Figure 12. It also shows the location of the IKE and Empress deposits and the Empress East, Buzzer and other targets described under Project Highlights.

Figure 12

In July 2014, Amarc acquired a 100% interest in the IKE property from Oxford Resources Inc. (“