The New Face of America - Toodoggone District Rethink

Why did Amarc Resources and other Toodoggone District juniors sell off this past week?

(YouTube Audio)

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.