Viridian Metals says it has become the largest claim holder in Newfoundland and Labrador
This month, Viridian was chosen by BHP from hundreds of global applicants to participate in its 2025 Xplor accelerator program.
Amarc Resources (TSXV: AHR) (OTCQB: AXREF) says its new high-grade copper-gold discovery marks the beginning of a new “exploration success story” within the prolific Toodoggone-Kemess porphyry disctrict of central British Columbia.
Speak during a presentation at the AME Roundup this week, company executives said they’re “excited” by the discovery — known as AuRORA — at its district-scale JOY property, which is host to multiple large-scale mineralized trends.
The discovery is located at the Northwest Gossan (NWG) target area, at the end of a possible 15-km mineralized trend. The first hole (JP24057) returned high grades of gold in combination with strong copper and silver values: 1.24 g/t gold, 0.38% copper and 2.47 g/t silver from 18 metres.
Days after the initial discovery, Amarc released more results from AuRORA to confirm its high-grade nature, including 2.40 g/t gold, 0.61% copper and 5.33 g/t silver from 74 metres from hole JP24060.
At the presentation Amarc technical advisor Mark Rebagliati specified that the mineralization is both “clean” and “well-behaved”, similar to the prominent systems found within BC’s Toodoggone region.
The Amarc team also noted that the mineralization at AuRORA showed lateral and vertical continuity, all in a deposit that is near surface.
CEO Diane Nicolson said the discovery is only one of eight large-scale sulphide mineralization systems clustered along several trends drilled in 2024 at the JOY property.
These sulphide systems, including the 2.5-km-long Pine deposit, were established by 290 line km of property-wide surveying, with drill results pending.
Amarc currently has full ownership of all mineral claims within the 495-sq.-km JOY district, and is the operator of all drilling programs. Freeport-McMoRan (NYSE: FCX) has the option to earn 70% of the JOY project by funding a total of $110 million on exploration.
The AuRORA discovery is the result of the Freeport-funded drilling program. By the end of 2024, the US copper miner has spent $33 million on 36,670 metres of drilling.
Amarc is an affiliate of Hunter Dickinson Inc. (HDI), a diversified global mining group with more than 30 years of mineral development success. In BC, the HDI team has been developing and operating mines for over three decades, with legacy projects such as the Mt. Milligan mine.
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