Amarc Resources Ltd. is pleased to announce that ongoing core drilling is significantly expanding the Newton bulk tonnage gold discovery in south-central British Columbia.
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.…
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For further information, contact Bob Jeffrey, Investor Relations – 778-373-6907, toll free 1-800-667-2114.
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