Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 15

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 15
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 favorable geometry of the PINE Deposit: most of the known mineralization occurs from surface to 300 m depth, and locally extends to 550 m depth. Additionally, the PINE Deposit and its expansion potential is hosted within a larger 6 km2mineralized system, which remains to be fully explored (Amarc March 2, 2023 release), and other centers of higher Cu-Au grade began to emerge along the PINE Deposit trend. For example, in the northeastern area of this trend intersected significant porphyry mineralization over 600 m of strike length, including:

  63 m of 0.44% CuEQ (0.14% Cu, 0.52 g/t Au, 1.2 g/t Ag), within 179 m of 0.32% CuEQ (0.11% Cu, 0.36 g/t Au, 1.2 g/t Ag in JP22017)                           
  57 m of 0.40% CuEQ (0.10% Cu, 0.53 g/t Au, 1.3 g/t Ag), within 107 m of 0.31% CuEQ (0.09% Cu, 0.37 g/t Au, 1.2 g/t Ag in JP22015)                           
  135 m of 0.44% CuEQ (0.14% Cu, 0.53 g/t Au and 1.2 g/t Ag), within 244 m of 0.35% CuEQ (0.11% Cu, 0.41 g/t Au and 1.2 g/t Ag in JP21009 completed in 2021)  

Other JOY District Targets: The JOY District also hosts other targets (including Canyon, Twins and MEX), which have the potential to form a major cluster of Cu-Au mineralized porphyry systems. Amarc drilled five initial scout exploration core holes (271 m to 404 m in length) in 2021 to test four of these targets that had been confirmed by IP, airborne magnetics, geochemical and geological surveys. At the MEX Cu-Au deposit target, a single hole (JP21002) drilled by Amarc in 2021 intersected anomalous Cu and Au concentrations lateral to and below historical drilling, returning 153 m of 0.17% CuEQ (0.09% Cu, 0.13 g/t Au). At the North