Aggressive Gold Exploration in British Columbia
Formerly called New High Ridge Resources Ltd., Newton Gold Corp. was incorporated in 2004 to explore highly-prospective, large-scale mineral properties in British Columbia, Canada. The name change, along with
new management and directors
, reflects the company's aggressive focus on exploring and developing the
located in the newly recognized "central gold belt" and the
near Mt. Milligan.
Newton Property - Significant Bulk-Tonnage Potential
Recent results from the Newton Property indicate the property could host a large, open-pit style bulk-tonnage Au-Cu resource. Drilling continues to expand the Newton deposit, and follow-up, Phase 3 exploration and drilling is underway.
The Property has grown from being 49 square kilometres that was 100% owned by the Company to being 1,487 square kilometres in size of which the Company now owns a 20% interest. This is a significant increase and a much more important interest for the Company.
Chuchi Property - Porphyry Copper-Gold Near Mt. Milligan
property is an important project with excellent potential for large-scale, porphyry-style copper +/-gold mineralization. Previous exploration has outlined a porphyry Cu-Au deposit within an extensive intrusive complex and geology remarkably similar to the nearby Mt. Milligan Mine. The full extent of the mineralization at Chuchi is not known and is, at this time, unexplored.
The Newton Gold team consists of senior-level executives with extensive international experience in exploration, development, engineering, finance and law. This group has developed a British Columbia focused strategy to capitalize on the province's world-class mining infrastructure, untapped mineral resources and stable political climate.
* Amarc can earn an 80 per cent interest in the Newton Property by expending $5 million on the project within seven years.