AMARC RESOURCES LTD.: Exhibit 99.1- Filed by newsfilecorp.com
AMARC DELINEATION DRILLING SIGNIFICANTLY EXPANDING NEWTON
GOLD DISCOVERY
December 6, 2011 - Vancouver, BC - Amarc Resources Ltd.
(“Amarc” or the “Company”) (TSX Venture: AHR; OTCBB: AXREF) is pleased to
announce that ongoing core drilling is significantly expanding the Newton bulk
tonnage gold discovery in south-central British Columbia (BC).
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 at www.amarcresources.com. 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
ID |
Incl. |
From
(m) |
To
(m) |
Int.
(m) |
Au
(g/t) |
Ag
(g/t) |
AuEQ1
(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.
For further details on Amarc Resources Ltd., please visit the
Company’s website at or contact Investor Services at (604) 684-6365 or within
North America at 1-800-667-2114.
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.
