- Amarc Resources (OTCQB:AXREF) and Freeport-McMoRan have initiated a $10 million exploration program for 2025 at the JOY District in British Columbia.
- The program focuses on the AuRORA copper-gold-silver deposit, PINE Deposit, and other promising locations, with all funding provided by Freeport-McMoRan.
- Amarc has expanded its strategic land package within the JOY District through acquisitions including the Brenda Property and a portion of the PIL Property.
Amarc Resources (OTCQB:AXREF) and Freeport-McMoRan have commenced a $10 million exploration program for 2025 in the JOY District, located in north-central British Columbia. This significant program will focus on drilling operations at the newly identified high-grade AuRORA copper-gold-silver deposit, the PINE Deposit, and additional promising targets throughout the district.
Freeport-McMoRan is providing 100% funding for the exploration initiative, allowing Amarc to manage the program without depleting its capital resources. The strategic collaboration aims to uncover further major copper-gold discoveries in this mineral-rich region.
As part of the district expansion, Amarc has secured additional land holdings including the 44.5 km² Brenda Property through an option agreement with Canasil Resources. Amarc also acquired approximately 32% (42.34 km²) of the mineral claims area from Freeport's option to purchase the PIL Property and has staked three additional mineral claims.
Historical drilling at the Brenda Property has yielded promising results, including an intersection of 78 meters grading 0.61 grams per tonne gold (g/t Au) and 0.10% copper (Cu), highlighting the potential for significant mineralization within these new acquisitions.
This strategic expansion and injection of funds underscore Amarc's commitment to advancing the JOY District, which aligns with the regional and national focus on critical mineral strategies aimed at bolstering the green and digital economy.
