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Daily KRO 2024 Favorites Report Publisher: Kaiser Research Online Author: Copyright 2024 John A. Kaiser
Daily Kaiser Research Favorites Report for March 14, 2025
(0:25:52): Why did Amarc Resources and other Toodoggone District juniors sell off this past week?
On February 28, 2025 Amarc Resources Ltd released the final drill results for the 2024 drill program at the Joy project in the Toodoggone District of northern British Columbia. The market reacted negatively because the final holes for the 26 hole Aurora discovery constrained the high grade gold mineralization to an area roughly 600 m by 300 m by 200 m which at a specific gravity of 2.6 converts into a tonnage footprint of 93,600,000 tonnes which would represent about 3 million ounces gold for each 1 g/t grade. If we assume a grade range of 1-2 g/t gold, the potential gold endowment is 3-6 million ounces gold, which at $2,900 gold would have a rock value ranging $93-$186 per tonne. An accompanying copper grade range of 0.3%-0.5% would add a rock value of $28-$47 per tonne at $4.30/lb copper. These numbers would make open-pit mining Aurora very lucrative, and are also unheard of for the Toodoggone District, and the reason a Toodoggone District Rethink Play is emerging.
These numbers are, however, what the market already knew from the January 17 and 20 news releases and they were within the 600 m wide by 2,000 m contour of the 20 mV/V IP chargeability anomaly. The market had hoped that similar numbers would appear for the holes drilled into the southeastern two-thirds of the IP anomaly which represented a billion tonne footprint. IP chargeability anomalies are simply an indicator of metallic sulphides, usually pyrite within a porphyry system, and the final results disappointed the market. Holes #81, 84 and 61 stepping a couple hundred m to the south of the high grade zone delivered Kemess style copper-gold grades, hole #55 drilled 500 m to the south had marginal copper-gold grades, and holes #64, 66 and 69 drilled 1,000 m to the southeast were duds. So was hole #85 stepping 50 m to the north of line 7900N, seemingly cutting off the mineralization in the northwest direction of the IP anomaly. Holes #82 and 79 drilled at the eastern limit of the high grade zone delivered Kemess style copper-gold grades. Hole #77 drilled at the western limit of the high grade zone yielded Kemess style copper-gold grades over 45.7 m, and hole #78 drilled 500 m to the north near the boundaries with the Baker-Shasta and Pil properties of TDG Gold Corp and Finlay Minerals Ltd was a dud. Both TDG and Finlay suffered collateral market damage as the market rushed to the conclusion that the Aurora discovery was a localized freak.
There were two competing theories with regard to the trend of the high grade mineralization. One was the NW-SE orientation of the overall 3 km IP anomaly paralleling the regional Saunders Fault on the east side which raised hopes that the Aurora discovery extended onto TDG's Baker-Shasta property in that direction. The other was that the mineralized trend had an east-west orientation consistent with the notion that while regional NW-SE faults such as Saunders and Pilar are key to mineralizing intrusions, it is the NE-SW cross-cutting extensional faults between the regional faults that are the critical gateway for mineralizing intrusions. The results seemed to indicate that what we see is all we are ever going to get from the Aurora discovery. Is this perception justified?
As far as Amarc Resources Ltd is concerned it is far too soon to conclude that Aurora will simply be a hundred million tonne high grade pit to kick off future development of the Joy project as a copper mine comparable to the Kemess area operated by Centerra where nearly 1 billion tonnes have been delineated and partly mined out. The Joy project is subject to a two stage farm-in option whereby Freeport can earn 60% by spending $35 million, of which it had spent $33 million as of the end of 2024. Most of this money has been spent on the NE-SW oriented 15 km Pine Trend in the southern part of the Joy property where grades have been lower than the Kemess style of 0.2%-0.4% copper and 0.3-0.6 g/t gold.
No resource has yet been estimated and before the Aurora discovery it did not look like Freeport would stay interested in the Joy option. In the recent news release Amarc emphasized that the results for the Twins and Canyon target drilling in 2024 within the Pine Trend were important, which the market may have seen as a distraction from the appearance that Aurora is for now constrained as a new discovery. Within the next 3-4 months Freeport will have spent $35 million and be in a position to give notice that it has vested for 60%, which kicks off a 45 day period during which Freeport must elect to form a 60:40 JV with Amarc or elect to spend another $75 million over five years to earn 70%.
It is clearly in Amarc's interest that Freeport elects to go to 70%, but it is in Freeport's interest to form a 60:40 JV which forces Amarc to fund 40% of further exploration. If Freeport were to elect to go to 70%, it might only cost $20 million to fully delineate the Aurora discovery, which might encourage it to do deeper drilling along the 15 km Pine Trend, creating a case for a long-lived mining camp similar to Kemess. But if Freeport chooses to become operator it can decide on exploration priorities that benefit it long term but harm Amarc in the short term which will need to raise its share of exploration costs through equity dilution or suffer project interest dilution by not contributing to Freeport's work programs. The details of the farmout agreement are confidential, but it would not surprise me if Freeport needs to spend a lot less than $75 million to earn 70% if Amarc decides not to contribute to exploration. Amarc has a potentially important role to play in consolidating the district (it has already locked up the Brenda claim from Canasil), but for now it needs to figure out if it will spin out the Joy project and how to deal with Freeport possibly forming a 60:40 JV.
The obvious next step for Aurora is systematic grid drilling of the entire IP anomaly to determine if there are additional high grade "hotspots". The Amarc/Freeport JV must also figure out the tectonic setting and the geometry of the mineralization. I checked out Amarc technical advisor Jim Lang's presentation on Sunday March 2 at PDAC in the hope that it would shed light on the geological context. What we learned is that there is still lots to learn about what makes Aurora tick, but Lang did emphasize that, given the intensity of the mineralization within both the Hazelton volcanics and the underlying quartz monzonite, areas with Hazelton cover rocks represent a brand new exploration focus. The historical exploration focus guided by the Kemess camp has been on the interaction between the Black Lake intrusive suite and the older Takla volcanics. The Hazelton term is used in the Golden Triangle but has been given the name "Toodoggone Formation" in the Toodoggone district.
Amarc's web site has a diagram showing the host rocks for the various known deposits in the Toodoggone district which reveals that the Pine and Mex zones in the southern part of the Joy property are associated with Black Lake intrusions into the older Duncan Member of the Toodoggone formation (Hazelton) which sits unconformably on the Takla Volcanics, what Jeff Kyba has dubbed the "Red Line" because most Golden Triangle deposits are associated with this unconformity. Lang's presentation included a diagram of the theoretical porphyry system which featured the paleodepth locations of the various porphyry and epithermal deposits at Joy and the surrounding area (how far beneath the surface a deposit was during emplacement). He placed Aurora deeper than Pine and Shasta. I'm not a geologist so cannot tell if Lang revealed anything new about the Aurora discovery, but geologists who attended tell me it is still largely a mystery.
While Amarc's near term upside potential is clouded by uncertainty over what Freeport will elect to do when it vests for 60% of Joy, TDG Gold Corp which owns 100% of the Baker-Shasta project west of Aurora and was dragged down by the Amarc news, has better near term upside with regard to the Toodoggone District Rethink Play. On March 3, 2025 TDG published a press release which features magnetic data from the public domain which shows a distinct magnetic high associated with the Aurora discovery. The purpose of the news release was to illustrate a string of magnetic highs along the eastern flank of the property such as Trident and Newberry interpreted as porphyry targets beneath the Hazelton cover rocks which historically have seen little exploration due to their perceived lower prospectivity.
This same map would lead one to conclude that there is not much to hope for the extension of the Aurora zone onto TDG's ground to the west, which hope was hurt by hole #77 which yielded only 45.7 m of 0.22% copper and 0.54 g/t gold, Kemess-style grades, at the bottom of the 187 m hole. That would be a mistake for two reasons. First off, hole #77 has a story attached to it. Amarc had three rigs operating at Aurora racing against the arrival of winter. The manager of the crew operating the rig drilling #77 caught covid and drilling was suspended while the infected crew recuperated in the camp. End of season efforts to complete the hole to a target depth of 400+ m failed. When you look at the section for line 7900N it is clear that the hole was just getting into mineralization and if pushed to depth may have encountered high grade mineralization similar to that of holes #73, 60 and 75. It may yet turn out to be the case that the high grade zone stops near the TDG border, and testing that extension potential will be the first drill target when TDG starts drilling.
The second reason not to read too much into the Aurora magnetic anomaly is that the surveys "sees" only 400 m beneath the surface. A northwest oriented ridge straddles the boundary between TDG and Amarc, so the fading of the magnetic anomaly of the Aurora zone as it approaches the boundary may be a function of survey depth penetration. The mystery about the geometry and origin of the Aurora zone has also spawned the intriguing hypothesis that the zone may be the hanging wall of a thrust fault that decapitated the zone from its root on the Baker-Shasta property and displaced it eastwards. The barren or weakly mineralized intrusive rock that sits below the heavily mineralized sequence of Hazelton volcanics and quartz monzonite is somewhat of a mystery.
One interpretation is that it is a younger post-mineral intrusion that ruined the root of the Aurora zone, but the transition seems too abrupt for this to be a plausible explanation. An interpretation better for Amarc's Aurora story is that this intrusive rock is a sill that intruded laterally, which leaves open the potential that when Amarc drills deeper the high grade Aurora Zone will re-appear. This is certainly Amarc's hope with regard to the southeast extension of the Aurora Zone where drilling has so far disappointed. The copper-gold grades of the Aurora discovery are high enough to support an underground block-caving mine, so the depth beyond open pit limits would not matter. Amarc has not published a section of the IP anomaly indicating how deep a chargeability persists, a potentially revealing omission.
The thrust fault interpretation is the one that most benefits TDG Gold Corp. I've clipped a few diagrams from MDRU Publication 424 (An Exploration Framework for Porphyry to Epithermal Transitions in the Toodoggone Mineral District (94E) – Bouzari, Bissig, Hart, Leal-Mejia – Geoscience BC Report 2019-08) which define the different rock types and relative ages in this region, provide current surface geology mapping which makes clear Hazelton (Toodoggone Formation) rocks cover most of the area, and the original diagram Jim Lang used to conceptually locate the various deposits at Joy.
To the southwest of TDG's Baker-Shasta property is the Duncan Pluton which is devoid of mineralization but appears to have served as a regional heat engine. The southern part of the property has a weak copper-molybdenum anomaly suggesting the core of a porphyry system in the location of the Shasta South magnetic high. The Shasta epithermal gold-silver system is exposed at surface, and, if related to a porphyry center, would normally be above any copper-gold porphyry zone such as Aurora. The general area is known to have local normal (up-down), strike-slip (sliding past each other) and thrust (shallow angle) faults, some of it post-mineralization. The thrust fault hypothesis is thus that Aurora may once have been beneath Shasta and spatially related to a deeper copper-moly core, but tectonics managed to detach the Aurora Zone as a component of a much bigger vertical system and slide it several km to the northeast of Shasta onto what is now part of the Joy property.
It does not make sense that Aurora's intense gold-copper mineralization is confined to a 100 million tonne blob of rock sitting all by itself in a valley between two ridges of gossanous Hazelton rocks. It has to be part of something much bigger. Whether that bigger system is beneath and around the high grade Aurora Zone, or located to the west in the vicinity of the Shasta gold deposit, remains to be determined by drilling. For TDG Gold Corp this is only part of the story, for what really matters is that the forces that created Aurora appear to repeat along the eastern flank of the Baker-Shasta property, which it will begin to test after it has sorted out what Shasta South, Shasta and Aurora are all about. AS far as Finlay Minerals Ltd is concerned, whatever TDG finds on its eastern flank under Hazelton rocks will likely extend onto the western flank of Finlay's Pil property where nobody has done any exploration.
The Toodoggone District Rethink Play has hit a lull in terms of information flow for now, but speculation will run wild about what is going on geologically. I recommend checking out the MIF presentations and backstage interviews for TDG: TDG Presentation and TDG Backstage Interview. The resource juniors are still trapped in a bear market, so it is important that when dares to own a junior, one captures the entertainment value of understanding the story and following its evolving permutations.
Complete set of Aurora Drill Results
Aurora IP Plan showing winner to dud drill holes
Plan View of Aurora Holes that represent 100 million tonne high grade mineralized footprint
Amarc's Joy project in terms of IP anomaliies and known mineralized zones
Section of NE-SW Pine Trend in southern part of Joy Project
Long Section of Pine Deposit
Conceptual Cartoon of Relationship between regional geology and deposit location
TDG's Baker-Shasta Cu-Au targets based on magnetic data
Closeup of TDG
Closeup of TDG's Copper Porphyry targets near Aurora
Surface Geology Map of Baker-Shsta, Pil and Aurora portion of Joy
Aurora Section A of high grade zone
Aurora Section B of high grade zone
Conceptual Model of Porphyry System mapped to Toodoggone District Geology
Table of Toodoggone District Rock Types and Ages
Placement of Aurora Discovery within Conceptual Cartoon of Toodoggone Distirct by Jim Lang
Plan Views of TDG's Shasta area west of Aurora discovery
Big Picture view of extensional cross structures that merit an exploration rethink
(0:25:52): Why did Amarc Resources and other Toodoggone District juniors sell off this past week?
On February 28, 2025 Amarc Resources Ltd released the final drill results for the 2024 drill program at the Joy project in the Toodoggone District of northern British Columbia. The market reacted negatively because the final holes for the 26 hole Aurora discovery constrained the high grade gold mineralization to an area roughly 600 m by 300 m by 200 m which at a specific gravity of 2.6 converts into a tonnage footprint of 93,600,000 tonnes which would represent about 3 million ounces gold for each 1 g/t grade. If we assume a grade range of 1-2 g/t gold, the potential gold endowment is 3-6 million ounces gold, which at $2,900 gold would have a rock value ranging $93-$186 per tonne. An accompanying copper grade range of 0.3%-0.5% would add a rock value of $28-$47 per tonne at $4.30/lb copper. These numbers would make open-pit mining Aurora very lucrative, and are also unheard of for the Toodoggone District, and the reason a Toodoggone District Rethink Play is emerging.
These numbers are, however, what the market already knew from the January 17 and 20 news releases and they were within the 600 m wide by 2,000 m contour of the 20 mV/V IP chargeability anomaly. The market had hoped that similar numbers would appear for the holes drilled into the southeastern two-thirds of the IP anomaly which represented a billion tonne footprint. IP chargeability anomalies are simply an indicator of metallic sulphides, usually pyrite within a porphyry system, and the final results disappointed the market. Holes #81, 84 and 61 stepping a couple hundred m to the south of the high grade zone delivered Kemess style copper-gold grades, hole #55 drilled 500 m to the south had marginal copper-gold grades, and holes #64, 66 and 69 drilled 1,000 m to the southeast were duds. So was hole #85 stepping 50 m to the north of line 7900N, seemingly cutting off the mineralization in the northwest direction of the IP anomaly. Holes #82 and 79 drilled at the eastern limit of the high grade zone delivered Kemess style copper-gold grades. Hole #77 drilled at the western limit of the high grade zone yielded Kemess style copper-gold grades over 45.7 m, and hole #78 drilled 500 m to the north near the boundaries with the Baker-Shasta and Pil properties of TDG Gold Corp and Finlay Minerals Ltd was a dud. Both TDG and Finlay suffered collateral market damage as the market rushed to the conclusion that the Aurora discovery was a localized freak.
There were two competing theories with regard to the trend of the high grade mineralization. One was the NW-SE orientation of the overall 3 km IP anomaly paralleling the regional Saunders Fault on the east side which raised hopes that the Aurora discovery extended onto TDG's Baker-Shasta property in that direction. The other was that the mineralized trend had an east-west orientation consistent with the notion that while regional NW-SE faults such as Saunders and Pilar are key to mineralizing intrusions, it is the NE-SW cross-cutting extensional faults between the regional faults that are the critical gateway for mineralizing intrusions. The results seemed to indicate that what we see is all we are ever going to get from the Aurora discovery. Is this perception justified?
As far as Amarc Resources Ltd is concerned it is far too soon to conclude that Aurora will simply be a hundred million tonne high grade pit to kick off future development of the Joy project as a copper mine comparable to the Kemess area operated by Centerra where nearly 1 billion tonnes have been delineated and partly mined out. The Joy project is subject to a two stage farm-in option whereby Freeport can earn 60% by spending $35 million, of which it had spent $33 million as of the end of 2024. Most of this money has been spent on the NE-SW oriented 15 km Pine Trend in the southern part of the Joy property where grades have been lower than the Kemess style of 0.2%-0.4% copper and 0.3-0.6 g/t gold.
No resource has yet been estimated and before the Aurora discovery it did not look like Freeport would stay interested in the Joy option. In the recent news release Amarc emphasized that the results for the Twins and Canyon target drilling in 2024 within the Pine Trend were important, which the market may have seen as a distraction from the appearance that Aurora is for now constrained as a new discovery. Within the next 3-4 months Freeport will have spent $35 million and be in a position to give notice that it has vested for 60%, which kicks off a 45 day period during which Freeport must elect to form a 60:40 JV with Amarc or elect to spend another $75 million over five years to earn 70%.
It is clearly in Amarc's interest that Freeport elects to go to 70%, but it is in Freeport's interest to form a 60:40 JV which forces Amarc to fund 40% of further exploration. If Freeport were to elect to go to 70%, it might only cost $20 million to fully delineate the Aurora discovery, which might encourage it to do deeper drilling along the 15 km Pine Trend, creating a case for a long-lived mining camp similar to Kemess. But if Freeport chooses to become operator it can decide on exploration priorities that benefit it long term but harm Amarc in the short term which will need to raise its share of exploration costs through equity dilution or suffer project interest dilution by not contributing to Freeport's work programs. The details of the farmout agreement are confidential, but it would not surprise me if Freeport needs to spend a lot less than $75 million to earn 70% if Amarc decides not to contribute to exploration. Amarc has a potentially important role to play in consolidating the district (it has already locked up the Brenda claim from Canasil), but for now it needs to figure out if it will spin out the Joy project and how to deal with Freeport possibly forming a 60:40 JV.
The obvious next step for Aurora is systematic grid drilling of the entire IP anomaly to determine if there are additional high grade "hotspots". The Amarc/Freeport JV must also figure out the tectonic setting and the geometry of the mineralization. I checked out Amarc technical advisor Jim Lang's presentation on Sunday March 2 at PDAC in the hope that it would shed light on the geological context. What we learned is that there is still lots to learn about what makes Aurora tick, but Lang did emphasize that, given the intensity of the mineralization within both the Hazelton volcanics and the underlying quartz monzonite, areas with Hazelton cover rocks represent a brand new exploration focus. The historical exploration focus guided by the Kemess camp has been on the interaction between the Black Lake intrusive suite and the older Takla volcanics. The Hazelton term is used in the Golden Triangle but has been given the name "Toodoggone Formation" in the Toodoggone district.
Amarc's web site has a diagram showing the host rocks for the various known deposits in the Toodoggone district which reveals that the Pine and Mex zones in the southern part of the Joy property are associated with Black Lake intrusions into the older Duncan Member of the Toodoggone formation (Hazelton) which sits unconformably on the Takla Volcanics, what Jeff Kyba has dubbed the "Red Line" because most Golden Triangle deposits are associated with this unconformity. Lang's presentation included a diagram of the theoretical porphyry system which featured the paleodepth locations of the various porphyry and epithermal deposits at Joy and the surrounding area (how far beneath the surface a deposit was during emplacement). He placed Aurora deeper than Pine and Shasta. I'm not a geologist so cannot tell if Lang revealed anything new about the Aurora discovery, but geologists who attended tell me it is still largely a mystery.
While Amarc's near term upside potential is clouded by uncertainty over what Freeport will elect to do when it vests for 60% of Joy, TDG Gold Corp which owns 100% of the Baker-Shasta project west of Aurora and was dragged down by the Amarc news, has better near term upside with regard to the Toodoggone District Rethink Play. On March 3, 2025 TDG published a press release which features magnetic data from the public domain which shows a distinct magnetic high associated with the Aurora discovery. The purpose of the news release was to illustrate a string of magnetic highs along the eastern flank of the property such as Trident and Newberry interpreted as porphyry targets beneath the Hazelton cover rocks which historically have seen little exploration due to their perceived lower prospectivity.
This same map would lead one to conclude that there is not much to hope for the extension of the Aurora zone onto TDG's ground to the west, which hope was hurt by hole #77 which yielded only 45.7 m of 0.22% copper and 0.54 g/t gold, Kemess-style grades, at the bottom of the 187 m hole. That would be a mistake for two reasons. First off, hole #77 has a story attached to it. Amarc had three rigs operating at Aurora racing against the arrival of winter. The manager of the crew operating the rig drilling #77 caught covid and drilling was suspended while the infected crew recuperated in the camp. End of season efforts to complete the hole to a target depth of 400+ m failed. When you look at the section for line 7900N it is clear that the hole was just getting into mineralization and if pushed to depth may have encountered high grade mineralization similar to that of holes #73, 60 and 75. It may yet turn out to be the case that the high grade zone stops near the TDG border, and testing that extension potential will be the first drill target when TDG starts drilling.
The second reason not to read too much into the Aurora magnetic anomaly is that the surveys "sees" only 400 m beneath the surface. A northwest oriented ridge straddles the boundary between TDG and Amarc, so the fading of the magnetic anomaly of the Aurora zone as it approaches the boundary may be a function of survey depth penetration. The mystery about the geometry and origin of the Aurora zone has also spawned the intriguing hypothesis that the zone may be the hanging wall of a thrust fault that decapitated the zone from its root on the Baker-Shasta property and displaced it eastwards. The barren or weakly mineralized intrusive rock that sits below the heavily mineralized sequence of Hazelton volcanics and quartz monzonite is somewhat of a mystery.
One interpretation is that it is a younger post-mineral intrusion that ruined the root of the Aurora zone, but the transition seems too abrupt for this to be a plausible explanation. An interpretation better for Amarc's Aurora story is that this intrusive rock is a sill that intruded laterally, which leaves open the potential that when Amarc drills deeper the high grade Aurora Zone will re-appear. This is certainly Amarc's hope with regard to the southeast extension of the Aurora Zone where drilling has so far disappointed. The copper-gold grades of the Aurora discovery are high enough to support an underground block-caving mine, so the depth beyond open pit limits would not matter. Amarc has not published a section of the IP anomaly indicating how deep a chargeability persists, a potentially revealing omission.
The thrust fault interpretation is the one that most benefits TDG Gold Corp. I've clipped a few diagrams from MDRU Publication 424 (An Exploration Framework for Porphyry to Epithermal Transitions in the Toodoggone Mineral District (94E) – Bouzari, Bissig, Hart, Leal-Mejia – Geoscience BC Report 2019-08) which define the different rock types and relative ages in this region, provide current surface geology mapping which makes clear Hazelton (Toodoggone Formation) rocks cover most of the area, and the original diagram Jim Lang used to conceptually locate the various deposits at Joy.
To the southwest of TDG's Baker-Shasta property is the Duncan Pluton which is devoid of mineralization but appears to have served as a regional heat engine. The southern part of the property has a weak copper-molybdenum anomaly suggesting the core of a porphyry system in the location of the Shasta South magnetic high. The Shasta epithermal gold-silver system is exposed at surface, and, if related to a porphyry center, would normally be above any copper-gold porphyry zone such as Aurora. The general area is known to have local normal (up-down), strike-slip (sliding past each other) and thrust (shallow angle) faults, some of it post-mineralization. The thrust fault hypothesis is thus that Aurora may once have been beneath Shasta and spatially related to a deeper copper-moly core, but tectonics managed to detach the Aurora Zone as a component of a much bigger vertical system and slide it several km to the northeast of Shasta onto what is now part of the Joy property.
It does not make sense that Aurora's intense gold-copper mineralization is confined to a 100 million tonne blob of rock sitting all by itself in a valley between two ridges of gossanous Hazelton rocks. It has to be part of something much bigger. Whether that bigger system is beneath and around the high grade Aurora Zone, or located to the west in the vicinity of the Shasta gold deposit, remains to be determined by drilling. For TDG Gold Corp this is only part of the story, for what really matters is that the forces that created Aurora appear to repeat along the eastern flank of the Baker-Shasta property, which it will begin to test after it has sorted out what Shasta South, Shasta and Aurora are all about. AS far as Finlay Minerals Ltd is concerned, whatever TDG finds on its eastern flank under Hazelton rocks will likely extend onto the western flank of Finlay's Pil property where nobody has done any exploration.
The Toodoggone District Rethink Play has hit a lull in terms of information flow for now, but speculation will run wild about what is going on geologically. I recommend checking out the MIF presentations and backstage interviews for TDG: TDG Presentation and TDG Backstage Interview. The resource juniors are still trapped in a bear market, so it is important that when dares to own a junior, one captures the entertainment value of understanding the story and following its evolving permutations.
Complete set of Aurora Drill Results
Aurora IP Plan showing winner to dud drill holes
Plan View of Aurora Holes that represent 100 million tonne high grade mineralized footprint
Amarc's Joy project in terms of IP anomaliies and known mineralized zones
Section of NE-SW Pine Trend in southern part of Joy Project
Long Section of Pine Deposit
Conceptual Cartoon of Relationship between regional geology and deposit location
TDG's Baker-Shasta Cu-Au targets based on magnetic data
Closeup of TDG
Closeup of TDG's Copper Porphyry targets near Aurora
Surface Geology Map of Baker-Shsta, Pil and Aurora portion of Joy
Aurora Section A of high grade zone
Aurora Section B of high grade zone
Conceptual Model of Porphyry System mapped to Toodoggone District Geology
Table of Toodoggone District Rock Types and Ages
Placement of Aurora Discovery within Conceptual Cartoon of Toodoggone Distirct by Jim Lang
Plan Views of TDG's Shasta area west of Aurora discovery
Big Picture view of extensional cross structures that merit an exploration rethink
