 | Amarc Resources Ltd - AHR.v has made a significant copper-molybdenum-silver discovery at its IKE project. Assay results received from an initial nine hole (5,400 metre) diamond drill program have confirmed the presence of a porphyry deposit. |  |
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 | Last year, Amarc drilled nine discovery holes (5,400 metres) into IKE. All of the holes intersected chalcopyrite and molybdenite mineralization from surface and over a broad area measuring 1,200 metres east–west by 600 metres north–south and to depths of 500 metres. The mineralization remains open in all lateral directions and to depth. |  |
 | John Kaiser, writing in a Dec. 4, 2014, Bottom-Fish Comment, says Amarc Resources Ltd., seven cents, is a bottom-fish to watch. Today he is adding the stock to his watch list, based on what appears to be a new major coppery discovery at the company's IKE property in British Columbia. Amarc optioned 80 per cent of IKE in late 2013, and completed its first drilling program in summer 2014; it plans more drilling for summer 2015. "There is a strong likelihood that I will elevate Amarc Resources Ltd. to a formal Good Relative Spec Value Buy recommendation in 2015," Mr. Kaiser says, if the junior can come up with a financing strategy that does not involve heavy dilution at the current price. |
On November 27, 2014 the company released News
"Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AXREF) announces that it has entered into a $1 million Loan Agreement (the "Loan"), dated November 26, 2014 with a non-arm's length director and officer of the Company (the "Lender").
The Loan is unsecured, will bear interest at a rate of prime plus 2% per annum and is repayable after one year or earlier on the occurrence of a default. In connection with the Loan, Amarc will issue to the Lender a loan bonus of 2,500,000 previously unissued common shares in its capital (the "Bonus Shares"). The Bonus Shares will be subject to a four month hold period commencing from the date of issuance thereof. The Loan and Bonus Shares are subject to acceptance by the TSX Venture Exchange.
The Loan will be used for general working capital for Amarc and to advance exploration of its IKE project where the Company has made a significant porphyry copper-molybdenum-silver discovery (see Amarc news release November 24, 2014).
"The IKE discovery is located 40 kilometres northwest of the historical mining community of Gold Bridge in an area of wide U-shaped valleys bounded by ridges within the Coast Range. This district has long been explored for its numerous showings of copper, molybdenum, gold and silver mineralization. Amarc's discovery core drilling program was located above tree line within a large barren cirque. "
On November 24, 2014 the company released News
"Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR;OTCBB: AXREF) is pleased to announce that it has made a significant copper-molybdenum-silver discovery at its IKE Project located approximately 40 kilometres northwest of Gold Bridge, British Columbia. Assay results received from an initial nine hole (5,400 metre) diamond drill program have confirmed the presence of an important porphyry-style deposit.
Highlights from the nine hole discovery drill program include:
•247 metres of 0.42% CuEQ1 @ 0.28% Cu, 0.030% Mo and 2.0 g/t Ag
•234 metres of 0.43% CuEQ @ 0.26% Cu, 0.040% Mo and 1.7 g/t Ag
•92 metres of 0.41% CuEQ @ 0.31% Cu, 0.020% Mo and 2.1 g/t Ag
•194 metres of 0.49% CuEQ @ 0.30% Cu, 0.046% Mo and 0.8 g/t Ag
•308 metres of 0.41% CuEQ @ 0.26% Cu, 0.032% Mo and 1.8 g/t Ag
•97 metres of 0.46% CuEQ @ 0.32% Cu, 0.030% Mo and 2.2 g/t Ag"
| IKE - Intrusive Rocks (Hornblende Granodiorite and Quartz-Monzonite) are the Main Hosts for Chalcopyrite and Molybdenite |
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    |  click to enlarge 
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http://pennystockjournal.blogspot.com/2014/11/amarc-resources-ltd-ahrv.html
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