Amarc, Boliden commence drilling at Duke Copper-Gold District

Amarc Resources initiated drilling at its 100% owned DUKE porphyry Cu-Au district in central British Columbia. This is the first phase of planned programs to be funded under the recently announced Mineral Property Earn-in Agreement with Boliden Mineral Canada, a wholly-owned subsidiary of the Boliden Group. Under the terms of that Agreement, Boliden may earn up to a 70% ownership interest, by investing in stages up to $90 million in the exploration and development of Amarc’s DUKE District. Core drilling, targeting the DUKE Deposit, will continue until the Christmas break in 2022 and resume early in the 2023. In addition, surface programs testing some 12 prioritized deposit targets across the DUKE District are also planned for 2023. Amarc is operator of the comprehensive drilling at the Duke Deposit and surface programs.