Amarc Resources Expands with Brenda Property Acquisition Option

Amarc Resources Ltd. has announced a mineral property option agreement with Canasil Resources Inc. This agreement allows Amarc to acquire a 100% interest in 22 mineral claims adjacent to its JOY copper-gold-silver district in British Columbia. The five-year option requires annual payments of $400,000, with a purchase price starting at $8 million, increasing to $12 million by year five. The Brenda Property claims hold potential for significant mineral exploration, being located within the same geological setting as Amarc's AuRORA discovery.

Amarc’s new AuRORA discovery, noted for its high-grade gold and strong copper and silver values, enhances its strategy to develop long-life, high-value porphyry copper-gold mines. The adjoining Brenda Property, underlain by similar volcanics, offers significant exploration opportunities. Historical data indicate promising mineralization, further supporting its value potential. This expansion aligns with Amarc’s broader strategy to advance multiple porphyry projects across British Columbia.