Amarok to Begin Phase Two Drill Program on Rodeo Creek Property
04 November 2010 - 1:48AM
Marketwired
Amarok Resources Inc. (OTCBB: AMOK) (the
"Company" or "Amarok") is pleased to announce that drilling will
begin on "Phase Two" of its drill program on the Rodeo Creek
property located on the prolific Carlin gold trend in Elko County,
Nevada. Drilling is scheduled to begin immediately upon securing of
a drilling rig on two main targets identified as a result of the
Phase 1 drill program.
The first hole, AMK10-04, will be a deep hole in the Flower area
to follow up on the results obtained from the shallow drilling
completed earlier this past summer. In 2010, hole AMK-FZ-3
encountered an 85 ft interval assaying 1.64 gm/T gold (0.05 oz/t)
including 20 ft grading 4.22 gm/T (0.12 oz/t). AMK-FZ-4 penetrated
48 ft grading 1.22 gm/T (0.04 oz/t) including 5 ft grading 7.26
gm/T (0.21 oz/t). Historical drill intercepts from the area range
up to 9.60 gm/T Au (0.28 oz/t) over 20 ft, including 29.1 gm/T Au
(0.85 oz/t) over 5 ft. It is believed that the high-grade shallow
mineralization in the Flower zone represents "leakage" from a
larger deep-seated structure. The objective of AMK10-04 will be to
test the potential for this deep-seated structure.
The second target, AMK10-05, will be an offset of AMK10-02,
drilled earlier this year in the southwest portion of the property.
AMK10-02 provided significant geological markers which are believed
by the Company to relate directly to close proximity to gold
mineralization; in particular, more than 800ft of Popovich
Formation, 460 ft of which is highly silicified. Silicified
Popovich Formation is one of the main hosts for gold mines along
the Carlin Trend. Hole AMK10-05 will target the Popovich Formation
near the intersection of two major auriferous faults.
The Rodeo Creek property is located in the northern portion of
the prolific gold-producing Carlin Trend which hosts as many as 30
producing gold mines, on which more than 100 million ounces of gold
production and inventory have been identified, including the world
class Goldstrike, Meikle and Carlin mines.
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.
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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