amarc resources ltd. · 2015. 2. 16. · amarc – an important new discovery – value creation...
TRANSCRIPT
Amarc Resources Ltd.
An Important New Discovery The Value Creation Cycle Begins
IKE Copper-Molybdenum-Silver DiscoveryBritish Columbia
February 2015
Cautionary and Forward-Looking Statement Information
2
This presentation includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although Amarc Resources Ltd. (“Amarc”) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by Amarc to develop forward-looking statements include the following: Amarc’s projects will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of Amarc’s projects will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to thirdparty opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, the exploration and development of properties located within Aboriginal groups asserted territories may affect or be perceived to affect asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Amarc Resources Ltd., investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.
Technical information contained in this presentation has been reviewed and approved by Mark Rebagliati, P.Eng., a Qualified Person, who is not independent of Amarc Resources Ltd.
Amarc – An Important New Discovery – Value Creation Begins
3
A nine hole (5,400 metre) drill program has discovered a major bulk tonnage copper-molybdenum-silver deposit at IKE in south-central British Columbia
New geophysical and geochemical surveys completed over the IKE discovery area indicate the potential for “lots more to come”
Amarc has secured additional mineral claims surrounding IKE to cover other compelling deposit targets and potential infrastructure options
A comprehensive corporate and technical business plan has been implemented to move IKE efficiently forward and up the value creation curve
IKE – Assay Results from Nine Exploration Holes Indicate Potential for Important Resource Volumes
4
2014 Discovery Drill HolesPlan View
IKE – Discovery Hole Results Indicate IKE will be an Important BC Porphyry Deposit
5
Drill Hole Interval2,3 (m) CuEQ1 (%) Cu (%) Mo (%) Ag (g/t)
14001 247 0.42 0.28 0.030 2.0
14002 234 0.43 0.26 0.040 1.7
14003 92 0.41 0.31 0.020 2.1
14005 194 0.49 0.30 0.046 0.8
14006 308 0.41 0.26 0.032 1.8
14008289 0.37 0.27 0.022 1.6
97 0.46 0.32 0.030 2.2
1. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
2. Widths reported are drill widths, such that true thicknesses are unknown.3. All assay intervals represent length weighted averages.
2014 Discovery Drill Holes Selected Assay Intervals
BC Porphyry Copper Mines and Projects
6
Infrastructure! Infrastructure! Infrastructure!
7
1. Copper equivalent calculated using Cu $3.00/lb, Au $1,250/oz, Mo $12/lb and Ag $20/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.2. Resources estimated at 0.20% copper cutoff. Resources include Measured and Indicated only.A – I. For information sources refer to reference page at back of presentation.
DRILLING AT IKE RETURNED LONG INTERCEPTS OF MINERALIZATION INCLUDING: 247 m of 0.42% CuEQ1 @ 0.28% Cu, 0.030% Mo, 2.0 g/t Ag (Hole 14001) 234 m of 0.43% CuEQ1 @ 0.26% Cu, 0.040% Mo, 1.7 g/t Ag (Hole 14002) 194 m of 0.49% CuEQ1 @ 0.30% Cu, 0.046% Mo, 0.8 g/t Ag (Hole 14005) 308 m of 0.41% CuEQ1 @ 0.26% Cu, 0.032% Mo, 1.8 g/t Ag (Hole 14006)
BC Porphyry Copper Mines HostCuEQ Grades Ranging from 0.32% - 0.54%
RESOURCES AND RESERVES AT SELECTED BC MINES AND PROJECTS2
Name Million tonnes Cu % Mo % Au g/t Ag g/t CuEQ%1
Red ChrisA 288 0.37 - 0.28 - 0.54
New ProsperityB 831 0.23 - 0.41 - 0.48
Mt. PolleyC 87 0.29 - 0.30 0.4 0.48
MorrisonD 267 0.35 0.005 0.17 - 0.47
Mt. MilliganE 478 0.20 - 0.39 - 0.44
AjaxF 512 0.31 - 0.19 - 0.43
Copper MountainG 233 0.36 - 0.09 1.3 0.43
Gibraltar (GDP3) H 752 0.30 0.008 - - 0.33
Highland ValleyI 663 0.29 0.008 - - 0.32
HuckleberryC 40 0.34 - - - 0.34
Amarc – Now at the Key Point of Entry for InvestorsValue Creation Begins
8
Schematic Lifecycle of a Mining Share
Amarc – Low Market Capitalization
9
Listed TSXV: AHR OTCBB: AXREF
142 million
~19%
$1.0 million
Shares Issued
Management Owns
Working Capital
An HDI Associated Company
HDI – A Leading Explorer, Developer & Operator in BC
10
Legacy Projects Golden Bear Mine Mt. Milligan Mine Kemess Mine
Amarc Resources Ltd. IKE Project Newton Project
Constantia Resources Ltd. Maggie Project
Taseko Mines Limited Gibraltar Mine New Prosperity Project Aley Project
Hunter Dickinson Inc. has been successfully exploring, developing and operating mines inBC for over 25 years
SKI KM LAX HA NATIONBrigade TSAY KEH DENE FIRST NATION
Taseko
OFFICE OF WET‘SUWET’EN Quartz Mountain
WET’SUWET’EN FIRST NATIONQuartz Mountain
NAZKO FIRST NATIONAmarc
WILLIAMS LAKE INDIAN BANDTaseko
HIGH BAR FIRST NATIONWHISPERING PINES FIRST NATION
Constantia
ST. MARY’S FIRST NATIONASSEMBLY OF FIRST NATIONSCHIEFS OF NEW BRUNSWICKWOODSTOCK FIRST NATIONNorthcliff
11
HDI Aboriginal Agreements
Golden Bear, an HDI legacy project, was the first project in Canada to sign an IBA Since 2011, 13 Agreements have been signed between Aboriginal groups and HDI
companies across Canada for projects at various stages of development
IKE – Location and Infrastructure
12
50 Kilometres
IKE – Amarc Negotiated Favourable Property Acquisition Terms
Amarc is the operator of the IKE mineral property under the terms of an Option to Purchase Agreement with two geologist vendors
Amarc will acquire a 100% interest in IKE before November 30, 2015 by:
Completing $1.86 million in exploration expenditures
Making a $40,000 cash payment
Issuing 100,000 shares
An underlying 2% Net Smelter Returns Royalty to the vendors can be purchased for $4 million (of which $2 million can be paid in shares at Amarc’s option)
An underlying 1% Net Smelter Returns Royalty held by a former operator can be purchased for $2 million in cash and/or shares at any time
13
14
IKE – Project is Located 40 Kilometres Northwest of Gold Bridge
Looking Westerly
IKE
Gold Bridge
LoggingOperations
Resource Development Operations Provide Access into IKE Region
Source: Google
DowntonLake
LajoieDam
15
IKE – Comprehensive Approach to Engagement
Committed to meaningful engagement and building positive relationships with Aboriginal groups in our project area
Explore potential partnerships and where appropriate negotiate agreements with Aboriginal groups
Engage and work with local communities
Build broad-based community project support
Maintain and build on positive relationships with regulators
Support government’s consultation duty at the earliest stages by building a solid consultation record to assist government in timely and fair regulatory decision-making
IKE – Outside of Tsilhqot’in Proven Title Area
16
Drill Permit located 50 km outside of Title Area
IKE – Aboriginal Considerations
17
Several Aboriginal groups have overlapping interests in the IKE area
Amarc has completed comprehensive ethnohistorical research to inform our approach to Aboriginal engagement
One of the Aboriginal groups, the Tsilhqot’in Nation, has expressed some concerns to development in the area The Tsilhqot’in position may be influenced by larger discussions underway
with the BC government led by the Premier, to find a cooperative go-forward plan with respect to the recent Supreme Court of Canada title ruling
Amarc is engaged with local Aboriginal groups in pursuit of a cooperative and constructive path forward
Amarc is committed to meaningful engagement and has a comprehensive approach
18
IKE – Looking East From Granite Creek Across Historical Drill Program Cat Roads at Discovery
Important PorphyryCu-Mo-Ag System
Drill Permit
Granite Creek
Source: Google
IKE – Extensive Mineralized Porphyry System is Evident
19
Hole 11-1Hole 81-2 Hole 11-2
Looking Easterly
3 Key Historical Drill Holes
IKE – Three Key Historical Drill Holes Intercepted Significant Cu-Mo-Ag Mineralization
20
1. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
2. Copper equivalent for holes 11-1 and 11-2 used copper, molybdenum, and silver. Copper equivalent for holes 81-2 and 81-1 used copper and molybdenum only.
OPEN OPEN
OPEN
NORTH SOUTH
Looking Easterly
IKE – Looking Northwesterly Over IKE
21
Hole 14004
Hole 14006
A
IKE – Amarc has Drilled 5,400 Metres in 9 Exploration Core Holes
22
WEST EAST
OPEN
OPEN
OPENOPEN
2014 Drill Hole Plan
Hole 14004
Hole 14006A
IKE – Assay Results Indicate Potential for Important Resource Volumes
23
2014 Discovery Drill HolesPlan View
IKE – Long, Continuously Mineralized Intersections
Drill Hole Incl. From (m) To (m) Interval2,3 (m) CuEQ1 (%) Cu (%) Mo (%) Ag (g/t)
14001
55.0 213.7 158.7 0.38 0.27 0.020 2.5
242.0 489.0 247.0 0.42 0.28 0.030 2.0
incl. 242.0 275.0 33.0 0.43 0.35 0.011 4.1
incl. 284.6 362.5 77.9 0.44 0.31 0.027 2.0
incl. 372.9 395.2 22.3 0.45 0.25 0.045 1.7
incl. 404.1 489.0 84.9 0.50 0.30 0.045 1.7
528.0 634.6 106.6 0.28 0.23 0.009 1.9
14002
57.3 180.1 122.8 0.41 0.32 0.017 2.5
206.0 494.6 288.6 0.40 0.24 0.038 1.6
incl. 206.0 440.0 234.0 0.43 0.26 0.040 1.7
and 206.0 364.0 158.0 0.45 0.26 0.046 1.7
and 368.5 440.0 71.5 0.41 0.27 0.031 1.7
521.7 551.1 29.4 0.45 0.15 0.076 0.6
1400310.2 102.0 91.8 0.41 0.31 0.020 2.1
282.0 365.0 83.0 0.20 0.08 0.029 0.71. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are
assumed to be 100%.2. Widths reported are drill widths, such that true thicknesses are unknown.3. All assay intervals represent length weighted averages. 24
2014 Discovery Drill Holes Assay Results
IKE – Long, Continuously Mineralized Intersections
Drill Hole Incl. From (m) To (m) Interval2,3 (m) CuEQ1 (%) Cu (%) Mo (%) Ag (g/t)
14004 128.0 189.0 61.0 0.29 0.13 0.036 0.9
14005
32.0 80.0 48.0 0.27 0.23 0.007 1.4
269.4 552.3 282.9 0.44 0.29 0.038 0.7
incl. 269.4 463.2 193.8 0.49 0.30 0.046 0.8
602.9 616.1 13.2 0.33 0.29 0.009 0.6
14006
9.0 75.0 66.0 0.25 0.21 0.008 1.3
124.0 574.3 450.3 0.37 0.24 0.028 1.7
incl. 124.0 432.2 308.2 0.41 0.26 0.032 1.8
and 124.0 207.8 83.8 0.43 0.31 0.026 2.2
and 216.4 258.0 41.6 0.43 0.30 0.024 2.8
and 381.9 432.2 50.4 0.72 0.35 0.088 1.8
incl. 441.9 490.0 48.1 0.46 0.27 0.044 1.8
671.0 681.8 10.8 0.33 0.28 0.007 2.01. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are
assumed to be 100%.2. Widths reported are drill widths, such that true thicknesses are unknown.3. All assay intervals represent length weighted averages.
25
2014 Discovery Drill Holes Assay Results
IKE – Long, Continuously Mineralized Intersections
Drill Hole Incl. From (m) To (m) Interval2,3 (m) CuEQ1 (%) Cu (%) Mo (%) Ag (g/t)
14007
7.9 24.9 17.0 0.31 0.22 0.020 1.1
139.5 167.0 27.5 0.27 0.06 0.051 0.5
223.0 274.0 51.0 0.24 0.05 0.048 0.5
304.0 411.9 107.9 0.24 0.12 0.030 0.7
14008
135.4 168.0 32.6 0.30 0.24 0.009 2.0
233.0 258.5 25.5 0.34 0.23 0.023 1.5
278.1 567.0 288.9 0.37 0.27 0.022 1.6
incl. 287.7 384.3 96.6 0.46 0.32 0.030 2.2
incl. 418.7 462.8 44.0 0.38 0.31 0.015 1.8
incl. 484.0 564.0 80.0 0.38 0.30 0.018 1.6
605.0 648.0 43.0 0.25 0.20 0.012 1.0
1400910.5 200.0 189.5 0.24 0.16 0.018 1.1
incl. 10.5 98.0 87.5 0.29 0.20 0.019 1.41. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are
assumed to be 100%.2. Widths reported are drill widths, such that true thicknesses are unknown.3. All assay intervals represent length weighted averages.
26
2014 Discovery Drill Holes Assay Results
IKE – Cross Section A-A’, Looking North
A A’
27
Cu and Mo Grades
A A’
IKE – Cross Section A-A’, Looking North
281. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
CuEQ Grades
IKE – Cross Section B-B’, Looking East
B B’
29
Cu and Mo Grades
IKE – Cross Section B-B’, Looking East
B B’
301. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
CuEQ Grades
1
31
Mt. Milligan Deposit: West-East Section2013 Mt. MilliganE Reserves at a $4.10/t NSR cut-off
478 M tonnes grading 0.44% CuEQ comprised of 0.20% Cu and 0.39 g/t Au
West East
Example Cu and Au Grade Distribution for a BC Operating Mine
Au reference line @ 0.40 g/t; Max @ 1.00 g/t.Cu reference line @ 0.20 %; Max @ 1.00 %.
200 Feet
E. For reserves information source refer to reference page at back of presentation.
CuAuCuAu
CuAu
CuAu
CuAu
IKE – Historical Airborne ZTEM Indicates Extensive Rock Alteration
32
IKE – New Airborne Magnetic Survey Indicates Important Size Porphyry System
33
Magnetite DestructionZone
Magnetite DestructionZones
IKE Porphyry System
IKE – New IP Survey Indicates Mineralization Open to Major Expansion
34
Magnetite DestructionZone
Magnetite DestructionZones
IKE Porphyry System
IKE – 3D Modelled IP Sections Indicate Important Mineralized System
35OPEN
OPEN
1 Kilometre
WEST EAST
Ridge
IKE – Talus Fines Sampling Confirms Widespread Mineralization
36
Hole 14004
Hole 14006A
IKE – Intrusive Rocks (Hornblende Granodiorite and Quartz-Monzonite) are the Main Hosts for Chalcopyrite and Molybdenite
37
IK14008-557m. Potassic altered biotitequartz-monzonite. Primary, igneous biotite and hornblende are replaced by hydrothermal biotite and chalcopyrite. In addition, chalcopyrite occurs in quartz veins.
IK14006-432m. Potassic altered hornblende granodiorite intruded by thin, fine-grained dyke. Several chalcopyrite veinletsthat parallel the dyke contact, are cut by a prominent quartz-chalcopyrite-molybdenitevein, which in turn is cut by another younger chalcopyrite veinlet in the lower right corner.
Dyke
Chalcopyrite
MolybdeniteChalcopyrite
IKE – Characteristics of Cu and Mo MineralizationIndicate Standard Low Cost Processing Likely
38
Most chalcopyrite-molybdenite mineralization is disseminated throughout the intrusions with other mineralization associated with fractures and veins
Chalcopyrite and molybdenite are quite coarse grained indicating good liberation properties and straight forward flotation recovery
Chalcopyrite is not intergrown with pyrite suggesting the potential for a high grade copper concentrate
Initial rhenium analyses suggest some by-product potential which warrants further investigation
Concentrations of any deleterious elements are very low indicating a clean concentrate
Chalcopyrite
Pyrite
Chalcopyrite
Molybdenite
Disseminated
Vein Controlled
Porphyry Copper Deposits Often Occur in Clusters
Highland Valley DistrictSize and Distribution of
Mineralized Zones
394 Kilometres
Valley (current)673Mt at 0.29% Cu & 0.008% Mo
48 km2
Highland ValleyDistrict
Historical Resources (at start up)Valley - 800Mt at 0.44% Cu & 0.006% MoLornex - 425Mt at 0.41% Cu & 0.014% MoJA - 260Mt at 0.43% Cu & 0.017% MoHighmont - 130Mt at 0.28% Cu & 0.04% Mo
Amarc has Acquired Mineral Tenures Over the Entire District
40
New District-Wide Copper-in-Silt Results Identify Compelling Targets
41
42
New District-Wide Molybdenum-in-Silt Results Identify Compelling Targets
Rowbottom – A Porphyry Cu-Mo System has been Discovered
43
Rowbottom
Located ~ 5 km northwest of IKE
11 short percussion holes (~60 m to 90 m deep) returned encouraging results including:
56 m of 0.55% CuEQ1 @ 0.41% Cu and 0.034% Mo
88 m of 0.38% CuEQ1 @ 0.36% Cu and 0.006% Mo
Note: no gold or silver analyses were performed
The Rowbottom deposit target requires a modern IP survey followed by systematic diamond drilling
1. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
S-26
S-25
Drill Road
Well Mineralized
Mineralized
Not MineralizedS-62 S-63 S-24
S-22 S-21S-23
S-64
S-20
S-61
Galore Property Great Quest Property
Rowbottom – Historical Drilling Indicates Strong Potential for a Porphyry Cu-Mo Deposit
44
400 Metres
HoleNumber
Depth (ft)
Interval (ft)
Width2
(ft)Cu (%)
Mo (%)
CuEQ1
(%)S-20 200’ 50-120’ 70’ 0.22 0.008 0.25S-21 200’ 140-150’ 10’ 0.21 0.019 0.29S-22 200’ 15-200’ 185’ 0.41 0.034 0.55S-23 200’ 10-70’ 60’ 0.30 0.001 0.30S-24 200’ 20-200’ 180’ 0.25 0.028 0.36S-25 200’ No reportable interceptsS-26 200’ No reportable interceptsS-61 200’ No reportable interceptsS-62 200’ 70-100’ 30’ 0.39 0.061 0.63S-63 250’ 60-70’ 10’ 0.28 0.010 0.32S-64 300’ 10-300’ 290’ 0.36 0.006 0.38
1. Copper equivalent calculated using Cu $3.00/lb, Au $1,250/oz, Mo $12/lb and Ag $20/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
Mad Major – A Porphyry Cu-Mo-Ag System has been Discovered
45
Mad Major
Located ~ 6 km east of IKE
Extensive 23 km2 Cu and Mo in soils and silts geochemical anomaly
A single historical core hole intersected the same main rock unit which hosts IKE and returned 224 m of 0.14% CuEQ1 @ 0.12% Cu, 0.005% Mo and 0.5 g/t Ag from surface
The Mad Major porphyry Cu-Mo-Ag system requires a modern IP survey followed by diamond drill testing
1. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
Mad Major – New Airborne Magnetic Results Show Exciting Discovery Potential
46
G10 – Historical Drill Hole224 m of 0.14% CuEQ1
@ 0.12% Cu, 0.005% Mo, 0.5 g/t Ag
1. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
Mad Major Hydrothermal System
Amarc – An Important New Discovery – Value Creation Begins
A nine hole (5,400 metre) drill program has discovered a new major bulk tonnage copper-molybdenum-silver deposit at IKE in south-central British Columbia
A new, post drilling, induced polarization survey over the IKE discovery and expanded target area confirms important resource expansion potential
New post drilling geochemical and airborne geophysical surveys over the IKE discovery area also corroborate the potential for “lots more to come”
Additional mineral claims surrounding IKE have been secured to cover other compelling deposit targets and potential infrastructure options
Decades of historical, geological, geochemical, geophysical and drill programs throughout the heavily mineralized region are being comprehensively compiled to aid efficient exploration of the district
Drill and geophysical (IP) program permits are being applied for to move the IKE discovery and region a quantum stage forward in 2015
47
Amarc – Team is Focused on IKE and Fully Committed to Create Value for Shareholders and Stakeholders
48
Schematic Lifecycle of a Mining Share
References
49
A. Greg Gillstrom P.Eng., Raj Anand, M.Eng. P.Eng., Steve Robertson, P.Geo., “2012 Technical Report on the Red Chris Copper-Gold Project”, February 14, 2012
B. Scott Jones, P.Eng., “Technical Report on the 344 million tonne Increase in Mineral Reserves at the Prosperity Gold-Copper Project”, December 17, 2009
C. Imperial Metals Corporation website – http://www.imperialmetals.com/s/Home.asp
D. Wardrop, “Morrison Copper/Gold Project – Feasibility Study NI 43-101 Technical Report”, March 12, 2009
E. Thompson Creek Metals Company Inc. website – http://www.thompsoncreekmetals.com
F. Hassan Ghaffari, P.Eng., Andre De Ruijter, P.Eng., Kenneth Lee, P.Eng., Amir Karami, P.Eng., Ali Farah, P.Eng., Ting Lu, P.Eng., Timothy O. Kuhl, R.M. SME, Ramon Mendoza Reyes, P.Eng., Warren Newcomen, P.Eng., Ken Brouwer, P.Eng., Chris Lee, P.Eng., Irwin Wislesky, P.Eng., “Ajax Copper/Gold Project – Kamloops, British Columbia, Feasibility Study Technical Report”, January 6, 2012
G. Al Chance, P.Eng., Gary Giroux, P.Eng., Peter Holbek, P.Geo., Todd Martin, P.Eng. P.Geo., Donald Murray, P.Eng., Jim O’Rourke, P.Eng., Makram El Saggah, P.Eng., Ian Thompson, P.Eng., “Technical Report on the Copper Mountain Project, Princeton, British Columbia for Copper Mountain Mining Corp.”, August 21, 2009
H. Taseko Mines Limited website – http://www.tasekomines.com/home
I. Teck Resources Limited, “Annual Information Form”, March 3, 2014. Teck Resources Limited website –http://www.teck.com/Generic.aspx?PAGE=Teck%20Site/Diversified%20Mining%20Pages/Copper%20Pages/Highland%20Valley%20Copper&portalName=tc
Contact Information
Investor Relations15th Floor Phone: 604-684-63651040 West Georgia Street Fax: 604-684-8092Vancouver, BC TF: 1-800-667-2114Canada V6E 4H1 Email: [email protected]
Website: www.amarcresources.com
50
51
Appendices
New District-Wide Airborne Magnetic Survey has Outlined a Number of Compelling Targets
52
Inter-Batholithic District Hosts Prolific Mineral Prospects
53Source: Mineral occurrences from MINFILE Mineral Inventory provided by the BC Geological Survey, regional geology from BC Geological Survey.
Empress Cu-Au deposit non 43-101 compliant resource: ~10 Mt @ 0.61% Cu & 0.79 g/t Au
48 km2
Highland ValleyDistrict Example
54
New District-Wide Tungsten-in-Silt Results Identify Compelling Targets
55
?
Silver-in-Silt Results Indicate Region of Potential Epithermal Ag-Au Mineralization
Mad Major – Compelling Historical Copper-in-Soil Anomaly
561. Copper equivalent calculations use metal prices of: Cu US$3.00/lb, Mo US$12.00/lb and Ag US$20.00/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.
OPEN
OPEN
OPEN
IKE – Coinciding Geophysical Anomalies Indicate Important Potential Resource Volumes
57