Announcement • Jan 23
Amarc Resources Ltd. Announces All Remaining Assay Results from the 2025 Expansion Drilling At the Aurora Deposit
Amarc Resources Ltd. announced all remaining assay results from the 2025 expansion drilling at the AuRORA Deposit. The AuRORA Deposit hosts high grade near surface, copper-gold-silver ("Cu-Au-Ag") mineralization that has exceptional vertical and lateral continuity and remains open to further expansion to the north, east, south and southwest. Amarc believes the rare combination of high grade near surface geometry and emerging scale at AuRORA are the hallmarks of a Tier One asset in the making. Twenty-four core holes (9,687 m) were completed at the AuRORA Deposit in 2025 of which 23 are expansion step-out holes. Eleven of these holes have already been announced and assay data from the remaining 12 expansion holes is provided in this release. These holes show similar host rocks, alteration and mineralization types to those previously reported. Mineralization at AuRORA has now been intercepted over an area of 1.4 km by 0.8 km. The CAD 16+ million JOY exploration program expenditures in 2025 were 100% funded by Freeport. As previously announced (Amarc May 29, 2025 and September 4, 2025 releases), Freeport has completed Stage 1 requirements under the May 2021 JOY agreement, earning a 60% interest by spending CAD 35 million, and has elected to proceed to Stage 2 to earn a further 10% interest by spending an additional CAD 75 million within 5 years at a rate of no less than CAD 10 million per year. While Freeport is now the Operator of JOY, Aurora Minerals Ltd., the joint venture company is currently owned by Freeport (60%) and Amarc (40%), has appointed Amarc as the primary contractor to continue to manage the JOY exploration programs under a separate Services Agreement. Amarc's exploration is led by an internationally successful team of experienced geologists specializing in porphyry Cu-Au deposits. Members of this team have been involved in and have tracked porphyry Cu-AU exploration advancements in the Toodoggone region since 1990. Their experience and early recognition of the porphyry potential at the NWG Target in terms of a shallowly overburden covered and underexplored transitional epithermal-porphyry geological setting, led to the discovery of the Au-rich AuRORA porphyry Cu-A Au-Ag Deposit. Amarc is associated with HDI, a diversified, global mining company with a 35-year history of porphyry Cu-Ai deposit discovery, development and transaction success. Previous and current HDI projects include some of BC's and the world's most important porphyry deposits - such as Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, PINE, IKE, DUKE and AuRORA. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral projects. Amarc works closely with local governments, Indigenous groups and stakeholders in order to advance its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. The company pursue early and meaningful engagement to ensure mineral exploration and development activities are well coordinated and broadly supported, address local priorities and concerns, and optimize opportunities for collaboration. In particular, the company seek to establish mutually beneficial partnerships with Indigenous groups within traditional territories its projects are located, through the provision of jobs, training programs, contract opportunities, capacity funding agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve high levels of environmental and social performance. Qualified Person. Mark Rebagliati, P.Eng., a Qualified Person ("QP") as defined by National Instrument 43 -101, has reviewed and approved the technical and scientific information in this news release. Mr. Rebagliati is not independent of the Company. Mr. Rebag Liati is not independent of the company.
