SOURCE: Amarok Resources, Inc.

July 06, 2010 13:41 ET

Amarok Resources, Inc. -- Initial Assay Results Exceed Expectations

RANCHO SANTA MARGARITA, CA--(Marketwire - July 6, 2010) -  Amarok Resources Inc. (OTCBB: AMOK) (the "Company" or "Amarok") is pleased to announce it has received assay results from three of the four shallow exploratory holes drilled in the Flower Zone area of the Rodeo Creek property.

The drill program for the Flower Zone area of the Rodeo Creek property consisted of two holes to test the NW-trending Rodeo fault and two holes to test the NE-trending Flower fault. The intent was to identify which of these two fault systems may be responsible for the gold mineralization in the Flower Zone. To date we have received results on 3 of the 4 holes. Assay results from Hole FZ-03, drilled to test the Flower fault system returned values averaging 1.64 gm/T (.048 oz/t) over an 85 foot section which includes a 20 foot section grading 4.22 gm/T or 0.12 oz/t gold. Results from drill holes AMK FZ-01 and AMK FZ-02 which were drilled to test the potential for mineralization on the Rodeo fault system, returned anomalous gold values up to 0.55 gm/T (0.016 oz/t) over a 5 foot section in FZ-01 and up to 5 feet of 2.06 gm/T Au (0.06 oz/t) in FZ-02. The latter is enclosed within a 30 foot section grading 0.81 gm/T (0.024 oz/t). The information gained from the results of the three holes has confirmed management's opinion that the gold mineralization that occurs in the Flower Zone is controlled by "leakage" from a deep seated structure located along the Flower fault system. Further drilling on this high-priority deep target will focus along the Flower fault system. Assay results are pending on the 2nd hole drilled on the Flower fault system, AMK FZ-04.

The first phase of the 2010 drill program also includes the drilling of three targets to test the potential for a deep seated high grade deposit on the property. The first hole, AMK 10-01 is completed and was drilled to a depth of 2,975ft. Core and chip samples from this hole are being reviewed and have been submitted to the lab for assay. Hole AMK 10-02 has been pre-collared to 2,000ft and core drilling is underway. Hole AMK 10-03 is in the pre-collar phase of drilling and is expected to be ready for the core rig to move onto this location in early August.

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.

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 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