SOURCE: Amarok Resources Inc.

October 06, 2010 09:00 ET

Phase I Drill Program Confirms Gold Potential of Rodeo Creek Project

RANCHO SANTA MARGARITA, CA--(Marketwire - October 6, 2010) -  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 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