VANCOUVER, Nov. 29, 2011 /CNW/ - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX Venture: AHR; OTCBB: AXREF) notes news disseminated today by its joint venture partner Newton Gold Corp. (NGC) pertaining to assay data from the first four drill holes completed as part of the on-going drill campaign at the Newton property. Amarc will provide a full update on assay results received from the drill holes quoted in the NGC news release once the Company has received all assay data from these initial holes and completed its Quality Control/Quality Assurance review in order to ensure the accuracy of the results.
Amarc has acquired an 80% interest in the Newton property and is the operator of the Newton Joint Venture, with Newton Gold Corp. contributing 20% of operating capital.
ON BEHALF OF THE BOARD
Ronald W. Thiessen
President & CEO
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward Looking and other Cautionary Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although the Company 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. 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, exploration and exploitation successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in and the effect government policies regarding mining and natural resource exploration and exploitation, 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.
For further details on Amarc Resources Ltd., please visit the Company's website at or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.