Dallas, Texas (December 7, 2011) – StockGuru Shines its Spotlight on Amarc Resources Ltd.  (TSX-V: AHR)(OTCBB: AXREF).  The Company announced yesterday that ongoing core drilling is significantly expanding the Newton bulk tonnage gold discovery in south-central British Columbia.  The Company closed on December 6, 2011, at $0.55, trading in a fifty-two week range of $0.7329 – 0.2734.

The Newton property lies within BC’s exciting and newly emerging gold belt, which includes New Gold’s six million ounce-plus bulk tonnage gold deposit at Blackwater. The age and geological characteristics of the gold mineralization at Newton demonstrate striking similarities to the mineralization at Blackwater.  Amarc has acquired an 80% interest in the Newton property and is the operator of the Newton Joint Venture. Newton Gold Corp. has a 20% participating interest.

Assay results have been received from the first five delineation holes completed (11044 through 11048) and are summarized in the Table of Assay Results below. A drill plan and other information have been posted on Amarc’s website. Assaying of holes 11049, 11050/51 and 11052 is in progress.  These three holes have all intersected the felsic volcaniclastic rock unit which appears to be the favoured host rock for gold mineralization at Newton.  Two drill rigs are working at site and have just commenced coring holes 11053 and 11054.  The Joint Venture has a permit for a further 15 holes and has recently applied to the government for a permit to drill additional holes.  Plans are to break near the end of December for the holiday season and then continue drilling in 2012 until the discovery is delineated.

NEWTON PROJECT
TABLE OF ASSAY RESULTS

Drill  Hole Incl. From To Int. Au Ag AuEQ1
ID (m) (m) (m) (g/t) (g/t) (g/t)
11044 56.4 350.0 293.6 0.61 2.3 0.65
11044 incl. 56.4 204.0 147.6 0.73 3.1 0.79
11044 and 56.4 92.0 35.6 1.43 6.0 1.53
11044 incl. 272.0 338.0 66.0 0.84 1.8 0.87
11044 and 272.0 317.0 45.0 1.02 2.0 1.05
11045 16.3 178.0 161.7 1.05 3.6 1.11
11045 incl. 52.0 178.0 126.0 1.24 4.1 1.31
11045 and 79.0 157.0 78.0 1.71 5.1 1.80
11045 and 79.0 115.0 36.0 2.51 8.7 2.65
11045 and 85.0 88.0 3.0 12.50 18.5 12.81
11046 68.0 83.0 15.0 0.23 1.7 0.26
11047 17.0 50.0 33.1 0.54 3.1 0.59
11048 34.0 175.0 141.0 0.65 1.7 0.68
11048 incl. 34.0 49.0 15.0 0.80 4.1 0.86
11048 incl. 73.0 109.0 36.0 1.23 2.2 1.26
11048 277.0 337.0 60.0 0.60 2.1 0.63
  1. Gold equivalent calculations use metal prices of Au US$1200/oz and Ag US$20/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
  2. All holes are drilled vertical.
  3. Widths reported are drill widths, such that true thicknesses are unknown.  All assay intervals represent length weighted averages

We are extremely encouraged by the long intercepts of bulk tonnage style gold mineralization being intersected at Newton, as well as its continuity and grade,” said Amarc Executive Chairman Robert Dickinson. “We are increasingly confident that in the months ahead Newton will be confirmed as the next major gold discovery in BC’s new emerging Blackwater-Newton gold belt.”

The current delineation drilling at Newton is designed to determine the grade and continuity of gold mineralization extending eastward from the 2010 discovery zone.  The discovery zone hosts drill intercepts of 69 metres of 1.41 g/t gold (hole 9001), 128 metres of 0.84 g/t gold (hole 9003) and 189 metres of 1.56 g/t gold (hole 9004).  The high potential for a major eastern extension to the discovery zone was indicated by hole 11040 completed at the beginning of 2011 (see Amarc new release dated February 10, 2011). Hole 11040 returned, from surface, 155 metres of 0.58 g/t gold, including 26 metres of 1.12 g/t gold and 39 metres of 0.71 g/t gold.

Stepping out from hole 11040, the current drilling has intercepted from surface, increased thicknesses of the pervasively altered felsic volcaniclastic and volcanic rocks that host disseminated sulphides and associated gold mineralization. It is the high primary permeability of these host rocks, coupled with their expanding geographic distribution that presents a permissive environment for the development of a significant bulk tonnage-style gold deposit at Newton.

Important gold intersections in drill holes now extend over an area measuring some 900 metres by 600 metres. Although current drilling activities are focused on extending the discovery to the east, mineralization is open to expansion in several directions.

The Newton property is located some 100 kilometres west of the City of Williams Lake in a region characterized by gently rolling hills. The district is well served by existing transportation and power infrastructure and a skilled workforce, which support a number of operating mines, as well as late-stage mineral development and exploration projects. Newton is also located some 175 kilometres south of New Gold’s Blackwater gold deposit (Indicated Resources of 184 million tonnes at 0.94g/t gold and 4.9 g/t silver and Inferred Resources of 43 million tonnes at 0.88 g/t gold and 4.7 g/t silver at a 0.3 g/t gold cut‐off, New Gold website).

About Amarc Resources Ltd.

Amarc is a Vancouver-based mineral exploration and development company focused on making the next major gold discovery in BC. Its exploration activities are focused on the Newton gold discovery through a Joint Venture with Newton Gold Corp. (Amarc 80%: Newton Gold Corp. 20%) and at its 100% owned Galileo property west of New Gold’s Blackwater holdings.

About Hunter Dickinson Inc.

Amarc is associated with Hunter Dickinson Inc. (HDI) – a diversified, global mining group with a 25-year history of mineral development success. Previous HDI projects in BC include Golden Bear, Mt. Milligan, Kemess, Gibraltar, Prosperity and Harmony.  From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties to provide consistently superior returns to shareholders.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Amarc and has reviewed the technical content of this release.

Quality Assurance/Quality Control

Sample preparation and analysis for the Newton project is done at ISO 9001:2008 accredited Acme Analytical Laboratories (Vancouver) Ltd. All samples are assayed for gold by 30 g lead collection fire assay fusion with Inductively Coupled Plasma ‐ Emission Spectroscopy (ICP‐ES) finish. Silver and 33 additional elements are determined for all samples by Aqua Regia digestion, followed by ICP‐ES and ICP Mass Spectroscopy (ICP‐MS) finish. All over‐limit gold (greater than 10 g/t) are re‐assayed by 30 g lead collection fire assay fusion with a gravimetric finish. As part of a comprehensive QA/QC program, one standard and also one field replicate are inserted into the sample stream in each group of 20 samples, as well as one or more field blanks in each analytical batch.

ON BEHALF OF THE BOARD

Ronald W. Thiessen
President & CEO

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward Looking and other Cautionary Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements  include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploration and exploitation successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in and the effect government policies regarding mining and natural resource  exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Amarc Resources Ltd., investors should review the Company’s annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.

 

To get free alerts on this and other similar stocks, please register here:

Get StockGuru Email Alerts

What is the StockGuru Spotlight?

Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.

StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.

To feature a company in The StockGuru Spotlight please contact the Publisher at [email protected]. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: [email protected].

Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

John Pentony, Publisher, Stockguru.com

Tel: +1 469 252 3031

e-mail: [email protected]