Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 38

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 38
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-1981 data are from digital files of a Taseko Property compilation. There are no assay certificates for these holes. There are assay certificates for the 1988-2008 holes.

Although the focus of exploration in 2024 was in the area of the Empress Deposit (see Recent Workbelow), subject to funding the Company has planned an expanded, phased drill program at the IKE deposit. The goals would be to establish a mineral resource, which would provide the basis for initial future economic studies. The Company has the required permit in-hand for the proposed drill program.

  Table of Contents  

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IKE District - Other Potential

Additionally, there are multiple other targets in the Greater Empress and broader IKE District. Limited exploration by historical operators and/or Amarc indicates that further survey work followed by drilling is warranted at these targets.

Greater Empress Area Other Cu± Au± Mo-Ag Porphyry and Replacement Targets: In addition to the Empress deposit, the 35 km2 Greater Empress areaincludes other identified compelling porphyry and replacement-style Cu-Au± Mo± Ag deposit and exploration targets. The deposit targets include, Buzzer, and the earlier-stage exploration targets include Empress West.

IKE District Porphyry and Epithermal Targets: The IKE District also hosts several other known centres of porphyry Cu mineralization (Rowbottom, Mad Major, OMG) and Au-Ag epithermal mineralization (Battlement, Mewtwo) that exist outside of, but in proximity to and between, the IKE Deposit and Greater Empress areas.

For further details on the other IKE District targets, see Amarc’s 2024 Form on 20F.

Recent Work

2024 Program

The 2024 program focused on the potential of the historical Empress Cu-Au Deposit, where drilling by previous companies of the replacement style mineralization encountered very encouraging Cu and Au grades. Amarc invested approximately $2.9 million on the 2024 program.

Greater Empress Area: Empress Cu-Au-Ag Replacement Deposit

The Greater Empress Area straddles the contact of the intrusive rocks of the Coast Plutonic Complex (“ CPC”) with older volcanic rocks to the north over a strike length of more than 15 km in the IKE District (Figure 14). Strong and widespread alteration with abundant sulphides along this contact are associated with a variety of deposit types, alteration assemblages, including Cu-Au-Ag replacement deposits such as Empress and Empress