Amarc Resources Ltd. announced it has entered into a Mineral Property Earn-In Agreement with Freeport-McMoRan Mineral Properties Canada Inc., a wholly owned subsidiary of Freeport-McMoRan Inc. Under the terms of the EIA, Freeport may acquire up to a 70% ownership interest by making staged investments in Amarc's JOY porphyry Cu-Au district in British Columbia. The 482 km JOY District covers the northern extension of the prolific Kemess porphyry Cu-Au district in the underexplored Toodoggone region of north-central BC. A geological region with high potential for important porphyry and epithermal deposits, the Toodoggone is part of BC's Golden Horseshoe, which includes the Golden Triangle to the W and NW. JOY is host to the open-ended PINE Cu-Au deposit, the promising MEX Cu-Au target and a pipeline of other large and high potential, drill-ready Cu-Au porphyry targets, which cluster on the property. Permits for drilling and ground geophysical surveys are in place at JOY. Nicolson reports that the team is currently finalizing plans for a comprehensive 2021 exploration program that will advance deposit delineation and understanding of known areas of extensive mineralization, and assess several other important -scale targets. Under the terms of the EIA, Freeport has a two-stage option to earn up to a 70% ownership interest in the mineral claims comprising the JOY District, plus other rights and interests, over up to a 10 year period. To earn an initial 60% interest, Freeport is required to fund CAD 35 million of work expenditures over a 5-year term. During the first year of the earn-in, a $4 million work program is planned in the JOY District. These optional earn-in expenditures can be accelerated by Freeport at its discretion. Amarc will be operator during the initial earn-in period. Once Freeport has acquired such 60% interest, Amarc and Freeport will proceed to operate the JOY District through a jointly owned corporation with Freeport assuming project operatorship.