Amarc Resources Ltd. (AXREF) Acquires 100% Interest in Newton Gold Project
Amarc Resources is a precious metals exploration and development company which is currently focused on the next major gold discovery in British Columbia, Canada. The company is associated with the highly successful, diversified global mining company Hunter Dickinson. Amarc's current emphasis is on developing its now 100% owned Newton gold project along with the Galileo gold property which lies adjacent to New Gold's Blackwater property. The company announced that effective May 22, 2012, the Participating Interest of Newton Gold in the Newton joint venture converted to a 5% Net Profits Interest in accordance with the terms of the joint venture…