Amarc hits silver at Max

Vancouver — Initial drilling by Amarc Resources (AHR-V) has intersected at least two volcanogenic massive-sulphide horizons containing precious metals at the Max property, 80 km north of Kamloops, B.C.

Thirteen holes totalling 2,728 metres were drilled in the first-phase program at Max. Selected results include:

r 7.2 metres grading 459 grams silver and 2.7 grams gold per tonne, plus 1.27% copper, 5.95% lead and 9.17% zinc;

r 9.1 metres of 285 grams silver, 1.05 grams gold, 0.41% copper, 1.11% lead and 2.23% zinc;

r 3.5 metres of 508 grams silver, 2.44 grams gold, 0.31% copper, 0.98% lead and 1.15% zinc;

r 5.7 metres of 208 grams silver, 1.37 grams gold, 0.22% copper, 0.7% lead and 1.34% zinc; and

r 7.6 metres of 287 grams silver, 0.34 gram gold, 0.26% copper, 1.17% lead and 1.93% zinc.

The sub-parallel horizons have a shallow dip, with the lower horizon lying about 40 metres below the upper horizons. The newly drilled holes have traced the mineralized horizons about 300 metres downdip.

The Max property was previously known as the Kamad silver property. In the 1920s and ’30s, previous operators mined 6,940 tonnes grading 1,261 grams silver, 1.6 grams gold, 1.3% copper, 2% lead and 2.9% zinc.

The project is 3.5 km south of the Samotosum mine, which produced 554,870 tonnes grading 774 grams silver, 1.15 grams gold, 0.66% copper, 0.9% lead and 1.7% zinc from 1989 to 1992.

Other notable deposits in the region include Rea Gold, which has an indicated resource of 376,000 tonnes grading 69 grams silver, 6.1 grams gold, 0.33% copper, 2.2% lead and 2.3% zinc. This resource predates National Instrument 43-101 reporting standards.

Amarc can acquire the Max property by paying $135,000 cash and issuing 200,000 shares to the vendor. The company plans to carry out a second phase of drilling this year.