Rodeo Creek Project Update
27 August 2010 - 11:15PM
Marketwired
Amarok Resources, Inc. (OTCBB: AMOK) --
Amarok Resources, Inc. (the "Company" or "Amarok") announces the
conclusion of the Phase I drill program at the Rodeo Creek property
located on the prolific Carlin gold trend in Elko County, Nevada. A
total of seven drill holes, totalling 11,749 ft, were completed
during this phase of the program. Four holes totalling 2,277 ft
were drilled in the "Flower" target to probe two auriferous fault
structures that are believed to have acted as conduits for
"leakage" from a deep-seated gold source. Two holes, totalling
6,005 ft, were drilled in the "West" target, and one hole (3,467
ft) was drilled in the centre of the "Look" target. The last three
holes targeted the Popovich Formation, which is currently host to
85% of the gold deposits found along the Carlin Trend.
Hole AMK10-03 targeted the Arturo fault system in the "Look"
target area. The Arturo fault has long been recognized as an
important structure at the Dee-Storm group of deposits located
1.5km southeast of the property. AMK10-03 encountered more than
1,100 ft of Popovich Fm, the basal 500 ft of which is variably
silicified and decalcified, in common with the alteration types
which typically accompany Carlin-type deposits. Results from
AMK10-03 are pending.
At the "West" target, hole AMK10-01 was completed to a depth of
2,978 ft. Hole AMK10-02 reached a depth of 3,027 ft. Both holes
encountered more than 800 ft of Popovich Fm. In AMK10-01, 90 ft of
extremely sheared and graphitic Popovich mudstone was penetrated
from 2,855 to 2,945 ft. This section averages 0.15 gm/T Au, which
is highly anomalous for this area. It also contains strongly
anomalous silver, arsenic and antimony, all of which are extremely
important ore indicators elsewhere on the Carlin Trend. In
AMK10-02, located 800 ft south of AMK10-01, the Popovich Fm
includes a 460 ft thick section of highly silicified mudstone from
a depth of 2,510 ft to 2,972 ft. A large fault zone intercepted
immediately above the silicified section, averages 0.22 gm/T gold
and more than 1033 ppm arsenic over more than 75 ft, suggestive of
proximity to Carlin-type mineralization. After detailed review of
both AMK10-01 and AMK10-02 management has determined that the next
phase of drilling on the "West" target will consist of re-entering
the AMK10-01 hole and wedging off in a west and southwest direction
to test for proximity to higher grade mineralization. Phase II will
also include reentering AMK10-02 and completing a series of wedges
towards the north, west and southwest to test for proximity to
higher grade mineralization.
In the Flower target area hole AMK-FZ-1 encountered a five foot
section grading 0.55 gm/T Au (0.016 oz/t) at 265 ft, and hole
AMK-FZ-2 assayed 0.81gm/T Au (0.024 oz/t) over a 30 ft interval at
315 ft including 2.06 gm/T gold (0.06 oz/t) over five feet. Both of
these intervals are in breccia on the Rodeo fault. Hole AMK-FZ-3
encountered an 85 ft interval, beginning at 315 ft, assaying 1.64
gm/T gold (0.05 oz/t) including a 20 ft section grading 4.22 gm/T
(0.12 oz/t). This intercept is in fault-breccia within the Flower
fault. The fourth hole, AMK-FZ-4 penetrated 150 ft of intense
brecciation from 340 to 488 ft, including a 43 ft section grading
1.33 gm/T (0.04 oz/t) starting at 340 ft. This includes 14 ft
section grading 2.37 gm/T (0.07 oz/t). The Flower fault is
underlain by 50 ft of highly fractured siltstone to 540 ft. The
entire 200 ft fault/fracture structure is strongly anomalous in
arsenic, antimony and thallium, all of which are very closely
linked to Carlin-type mineralization. The results obtained from the
drill program in the Flower target solidify the theory that the
gold mineralization in this area represents "leakage" from a
deep-seated structure and that leakage was controlled by the Flower
fault. The results have also expanded the area of known gold
mineralization within the Flower Target and based on this data, it
is possible that a viable shallow gold resource can be defined
within the Flower target. A Phase II drilling program consisting of
10 to 12 shallow holes is now being developed to test this
resource-potential within the Flower target with a strong focus on
the downward projection of the Flower fault to identify the
potential for a deep seated resource.
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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