|Bid||0.16 x 0|
|Ask||0.17 x 0|
|Day's Range||0.15 - 0.15|
|52 Week Range||0.08 - 0.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Amarc Resources Ltd (TSXV:AHR), a CADCA$26.72M small-cap, operates in the basic materials industry which can be affected by shifts in the housing market, as many produced raw materials are componentsRead More...
Amarc has completed the field components of the $3.3 million 2017 program at IKE and the $1.9 million 2017 program at JOY, while the 2017 drill program at DUKE is underway. Fieldwork has included airborne magnetic and ground-based induced polarization ("IP") geophysical, geological, and geochemical surveys and drilling. Assay work on core samples from drilling at IKE and JOY is still in progress with the first core samples from DUKE currently being transported to the laboratory. Amarc will provide the results from drilling for each project once the Company has the QA/QC'd assay data.
The common shares will be issued at a price of C$0.20 per share and subject to a four month hold period. Fees of 6% are payable on a portion of the financing and the financing is subject to final TSX Venture Exchange approval. Proceeds from the financing will be used to drill test the DUKE porphyry copper deposit target this fall with a budget of approximately $600,000, repay $500,000 of loans outstanding and for general corporate and working capital purposes. Amarc's DUKE deposit target and the adjacent 190 km2 porphyry copper district is located 80 km northeast of Smithers, British Columbia ("BC") and 30 km north of former mines (Bell and Granisle) operated by Noranda Mines. The DUKE Project area is logging road accessible from Smithers or Fort St. James. The Company plans to complete up to four drill holes as an initial test of the DUKE deposit target.
OTCBB: AXREF) is pleased to provide an update of its recent corporate activities and 2017 exploration programs. Amarc is focused on developing a new generation of British Columbia ("BC") porphyry copper mines. By combining strong projects and funding with successful management, Amarc has created a solid platform to create value from exploration and development-stage programs now underway. A new corporate presentation is available for viewing on Amarc's website at www.amarcresources.com.
Amarc Acquires Options from Gold Fields and Cascadero to Purchase PINE Porphyry Copper-Gold Property, BC
OTCBB: AXREF) is pleased to announce that option agreements have been concluded with each of Gold Fields Toodoggone Exploration Corporation ("GFTEC") and Cascadero Copper Corporation ("Cascadero") which enable Amarc to purchase 100% of the 323 square km PINE mineral property (the "Property"). Combining the JOY and PINE mineral claims along with recently staked adjoining claims creates a consolidated, 464 km2 mineral property. An updated corporate presentation is available on Amarc's website at www.amarcresources.com.
The new Agreement with Hudbay, has a similar structure to the recently announced IKE Project Farm-In Agreement (see Amarc News Release dated July 6, 2017), and has been established to advance the Company's 72 km2, 100% owned, JOY porphyry copper-gold mineral property (the "JOY Project") which is located 25 km north of AuRico Metals Inc.'s Kemess South Mine and Kemess Underground Project site in north-central British Columbia ("BC"). Under the terms of the JOY Agreement, Hudbay may acquire through a staged investment process, up to a 60% ownership interest in the Project.
Under the terms of the Agreement Hudbay may acquire, through a staged investment process, up to a 60% ownership interest in Amarc's 462 km2, 100%-owned IKE copper porphyry district (the "IKE Project" or the "Project"), located near Gold Bridge, British Columbia ("BC"). Under the terms of the Agreement, Hudbay can earn an initial 49% ownership interest in the IKE Project under a Stage 1 Farm-in Right by funding $25 million1 of expenditures before December 31, 2020, of which $3.3 million is committed for 2017.
VANCOUVER , June 30, 2017 /PRNewswire/ - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AXREF) is pleased to announce the appointment of President, Dr. Diane Nicolson ...
OTCBB: AXREF) announces that Thompson Creek Metals Company Inc. ("TCMC"), which was recently acquired by gold-focused Centerra Gold Inc., has relinquished its option to earn up to a 50% interest in the IKE porphyry copper-molybdenum-silver discovery and surrounding district, located near Gold Bridge, British Columbia ("BC"). "Thompson Creek's investment materially advanced the delineation of the IKE copper-molybdenum-silver deposit, and identified four new and quite compelling porphyry copper deposit drill targets," said Amarc Chairman, Robert Dickinson.