Amarc, Freeport-McMoRan complete 2025 Aurora drill program at JOY District

Amarc Resources announced the successful of the 2025 drill program at the JOY District in the Toodoggone-Kemess region of north-central British Columbia. The 2025 drilling program was primarily designed to expand the AuRORA Deposit, where 2024 drilling discovered high grade near surface copper-gold-silver mineralization with exceptional vertical and lateral continuity. The area drilled in 2024 measured 500 m by 600 m and remained open to expansion. In addition to the AuRORA Deposit, the 630 km2 JOY District hosts the PINE and Brenda historical deposits, TWINS and Canyon Discoveries and multiple other Cu-Au deposit targets. Amarc believes the AuRORA discovery could be key to the emergence of a potential world-class porphyry Cu-Au district in the Toodoggone. As announced on September 4, Freeport-McMoRan (FCX) Mineral Properties Canada elected to proceed to Stage 2 of the JOY Mineral Property Earn-in Agreement by sole-funding a further C$75M to earn an additional 10% interest in AuRORA Minerals. The JOY District is now being advanced under a private joint venture corporation agreement. The C$15M+ 2025 exploration program is being funded by Freeport. Highlights of the 2025 JOY District Field Program: A total of 15,381 m of core drilling was completed in 35 drillholes across the JOY District with up to four drill rigs. Of these, 24 core holes were drilled at AuRORA, consisting of 23 deposit step-out expansion holes and a single infill hole. The area drill tested at AuRORA now extends over an area of approximately 1 km by 1 km. The 2025 program follows up 2024 AuRORA Discovery drilling, a highlight intercept from hole JP24075 is: 266 m of 1.2 g/t Au, 0.31% Cu and 3.4 g /t Ag from 34 m Incl. 109 m of 2.41 g/t Au, 0.51% Cu and 5.3 g/t Ag from 37 m. Partial assay results from AuRORA hole JP25098 were recently announced; it is located approximately 260 m southeast of drill hole JP24079 and some 350 m east-southeast of drill holes JP24081 and JP24084, which are the nearest to the 2024 AuRORA Discovery core holes. Hole JP25098 illustrates the potential for significant expansion at AuRORA. Host rocks, alteration and mineralization in JP25098 are consistent with those encountered in the 2024 AuRORA discovery drill holes. 2025 drilling was also designed to further expand the TWINS and Canyon Discoveries and to test other new high potential Cu-Au Deposit Targets identified by surface surveys. Next assay results are expected later this month, with additional results to be released in batches over the coming months.