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Amarc Resources nearly doubled its share price Friday following its announcement of a high-grade discovery at the district-scale JOY copper-gold property located in north-central British Columbia.
According to Amarc, the new AuRORA discovery represents a new porphyry copper-gold-silver system hosting high and continuous gold grades. Discovery hole JP24057 returned 1.24 grams per tonne gold and 0.38% copper from 18 metres, including 1.97 g/t gold and 0.49% copper from 58 metres. “Our discovery is the culmination of years of relentless groundwork by the Amarc team, coupled with the firm, unwavering belief, shared by Freeport, that the JOY district holds significant potential for high-grade porphyry gold-copper deposits,” she stated in Friday’s news release.
Friday’s news release also included results of six other holes drilled at approximately 100-metre intervals at the NWG target. These returned gold grades as high as 3.69 g/t and copper grades of up to 0.92%.
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