Amarc Resources expands gold discovery area in Canada
Amarc Resources has confirmed that Newton bulk tonnage gold discovery in south-central British Columbia, Canada, is open to expansion in several directions.
Assay results from drill hole 11049 intersected two major gold mineralised intervals and assaying of holes 11050 through 11055 is in progress; results will be released as they are received and compiled.
Amarc executive chairman Robert Dickinson said the company continues to be extremely encouraged by the long intercepts of gold mineralisation being intersected at Newton, as well as its continuity and grade. "We are confident that Newton will be confirmed as the next major gold discovery in BC's new emerging Blackwater-Newton gold belt," Dickinson said.
Amarc has acquired an 80% interest in the Newton property while Newton Gold Corp has a 20% participating interest.
Drilling at Newton is progressively stepping out from the discovery drill holes and has intersected increased thicknesses of the pervasively altered felsic volcanic rocks that host disseminated sulphides and associated gold mineralisation.
It is the high primary permeability of these favoured host rocks that presents a permissive environment for the development of a significant bulk tonnage-style gold deposit at Newton.