SOURCE: Amarok Resources, Inc.

August 27, 2010 09:15 ET

Rodeo Creek Project Update

RANCHO SANTA MARGARITA, CA--(Marketwire - August 27, 2010) -  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.

Contact Information

  • 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