The Toodgonne is receiving attention as a result of a number of new players acquiring interests in claim groups in the vicinity of the Lawyers mineral claims. In particular AMARC's press release of December 2017 disclosed: Aurico's Kemess project was acquired for something over $300 million in 2017. AMARC's JOY, with the new acquisition of the expansive PINE claims, now controls the northern extension to the prolific Kemess gold-copper district. Centerra Gold recently announced the $310 million acquisition of AuRico Metals, owner of the Kemess District. Amarc has identified a new, 20 km long northeast trending structural corridor that hosts over 10 compelling porphyry gold-copper deposit targets. These focused targets are the result of extensive historical surface surveys and drilling. Amarc and Hudbay Minerals Inc. ("Hudbay") (TSX:HBM; NYSE:HBM) continue to assess the 2017 data from...JOY and consider plans for 2018. Hudbay is expected to provide notice of its commitment to 2018 exploration programs by year-end. Subsequently December 27, 2017, Vancouver, BC - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AXREF) announced that Hudbay Minerals Inc. ("Hudbay")(TSX: HBM; NYSE:HBM) confirmed 2018 funding of $3.15 million1 to advance Amarc's JOY Project.
These projects have a more porphyry copper deposit focus which is justified at Lawyers for its Silver Pond North target.
Your management is optimistic that with commodity prices anticipated rise, including gold, silver and copper, there will be renewed interest in exploration and development of our Toodoggone asset.
MDRU shared an geologic explanatory poster related to its work on porphyry exploration potential in the Toodoggone which can be accessed here.