Phase I Drill Program Confirms Gold Potential of Rodeo Creek Project
October 06 2010 - 8:00AM
Marketwired
Amarok Resources Inc. (OTCBB: AMOK) (the
"Company" or "Amarok") updates shareholders on the Rodeo Creek
Property, Carlin Trend, Nevada. In the Flower zone a total of three
reverse circulation and one core hole were drilled. All four holes
encountered significant gold mineralization. In AMK-FZ-3 an 85ft
interval between 315 ft and 400 ft assayed 1.64 gm/T gold (0.05
oz/t) including a 20ft section grading 4.22 gm/T (0.12oz/t).
AMK-FZ-4 core hole intersected a 43ft section of mineralization at
340ft grading 1.33 gm/T (0.04oz /t) including 14ft of 2.37 gm/T
(0.07 oz/t). AMK-FZ-2 assayed 0.81gm/T (0.024oz/t) over 30ft at 315
ft. AMK-FZ-1 graded 5ft of 0.55 gm/T (0.016 oz/t) over a 5ft
interval starting at 265ft. The gold mineralization from this area
is believed to be controlled by a deep-seated structure and that
some of the gold migrated up the Flower fault to its present
near-surface location. The drill program has set up additional high
priority targets that, in management's opinion, could lead to a
deep hole discovery. In addition, the potential exists for the
definition of a shallow resource in this area.
Two holes were drilled along the west target area; AMK10-1 and
AMK10-2. Hole AMK10-1 was drilled to a depth of 2978 ft and AMK10-2
was drilled to 3027 ft. The holes encountered more than 800 ft of
Popovich formation, the predominant gold bearing formation along
the Carlin Trend. Both holes encountered anomalous gold values
ranging from 0.15 gm/T over 90ft to 0.22 gm/T over 75ft together
with the all important ore indicators silver, arsenic and antimony.
After reviewing the core and the assay results we believe that
follow-up drilling is warranted in this area to test the potential
extension of the highly mineralized and altered zones, which may
include deepening AMK10-1 and wedging off both holes in a southwest
direction.
AMK10-3 hole targeted the Arturo fault system in the Look area
in the south central part of the property. This hole reached a
depth of 3467 ft and drilled more than 1300ft of Popovich
formation, 500ft of which is variably silicified and decalcified
including 50ft grading 0.17 gm/T gold. The drill results show a
noticeable eastward progression to the gold mineralization and
alteration. This strongly justifies additional drilling eastwards
from AMK10-3.
Amarok Resources is a US based exploration and development
Company, focusing on the acquisition and development of Gold and
Silver projects which demonstrate high probability for near term
production. Amarok is a fully reporting public company quoted on
the OTCBB under the symbol AMOK.
AMOK encourages those interested in our Company to rely only on
information included in our filings with the United States
Securities and Exchange Commission which can be found at
www.sec.gov. Statements released by Amarok Resources, Inc. that are
not purely historical are forward-looking within the meaning of the
"Safe Harbor" provisions of the Private Securities Litigation
Reform Act of 1995, including statements regarding the company's
expectations, hopes, intentions, and strategies for the future.
Investors are cautioned that forward-looking statements involve
risk and uncertainties that may affect the company's business
prospects and performance. The company's actual results could
differ materially from those in such forward-looking statements.
Risk factors include but are not limited to general economic,
competitive, governmental, and technological factors as discussed
in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K.
The company does not undertake any responsibility to update the
forward-looking statements contained in this release.
Visit the Amarok Resources, Inc. web site at
www.amarokresources.com. Information included on the Company's
website is not incorporated herein by reference or otherwise.
For additional information please contact: Amarok Resources,
Inc. 30021 Tomas Street, Suite 300 Rancho Santa Margarita, CA 92688
Telephone: 949-682-7889 Email: info@amarokresources.com
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