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OLD PR ..
Oct. 27, 2011, 11:14 a.m. EDT
Amarok Completes Airborne Survey on Timmins Property
Oct 27, 2011 (ACCESSWIRE-TNW via COMTEX) -- Rancho Santa Margarita, CA October 27, 2011 - Amarok Resources Inc. /
AMOK +69.23% Amarok Resources Inc. (the "Company" or "Amarok") announces the completion of a High Resolution Airborne Magnetic and Electromagnetic geophysical survey over their 100% owned McNeil Gold property located within the Abitibi Greenstone belt, approximately 30 miles southeast of Timmins, Ontario, Canada and approximately 35 miles west of Kirkland Lake, Ontario, Canada. The company is currently in the process of analyzing the data from the survey and will be compiling the airborne data with past exploration and development work on the property. The completed compilation will be used to identify drill targets within the McNeil Gold Property, with special focus on the Isadore-MicMac gold zone. The Isadore-MicMac zone covers an area of 1.2 miles by 0.6 miles and has numerous gold showings on surface. Given the size and extent of the Isadore-MicMac zone, the potential exists for a large tonnage, "Super-Pit" style gold enrichment similar to those being currently being mined near Timmins Ontario such as the Porcupine Gold Mines. Porcupine Gold Mines is owned by GoldCorp and consists of the Hoyle Pond and Dome underground mines.
The company has received assays back from its recently completed drill hole AMK10-04, on the Rodeo Creek property, Carlin Trend Nevada. The hole was completed at a depth of 3,030ft, and intersected very intense Carlin-style alteration (brecciation and silicification) at a depth of 2,755ft to 2,962ft in Popovich Formation. Silicified Popovich Formation is one of the main hosts for gold mines along the Carlin Trend. Although the alteration found in AMK10-04 is the strongest yet found on the property, no economic concentrations of gold were detected through this section. The objective of AMK10-04 was to test the potential for a deep-seated high-grade auriferous structure believed to be the source of gold mineralization found at shallow depth in the nearby Flower area. Previous shallow drilling encountered numerous gold values, including 20ft grading 4.22 gm/T gold at 315ft depth in hole AMK-FZ-3, 14ft grading 2.37gm/T Au in AMK-FZ-4, and historical values ranging from 5.38 gm/T over 17ft to 29.66 gm/T over 5 ft.
Management believes that the Deep Flower Target has yet to be fully tested and the combination of "near-surface mineralization" and "deep high-grade Carlin-style alteration" is very significant, and merits additional follow-up drilling. In addition, geologic review of the information gathered from current and past drill programs has identified three holes, which also require follow-up drilling. All three encountered 70ft to 100ft of mineralized alteration in the Popovich Formation. The review has identified additional targets on the property which have not been drill-tested and which will warrant drilling. Amarok intends to continue with the exploration of the Rodeo Creek property and will be working with its technical team to determine its next phase of drilling.
The Rodeo Creek property adjoins, and is on strike with, Barrick's Storm, Dee and Arturo gold deposits in the Northern portion of the Carlin gold belt, which has in excess of 100 million ounces of gold production and inventory, including the world class Goldstrike and Meikle mines.
Amarok Resources is a US based mineral 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 trading 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
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.
Copyright 2011 ACCESSWIRE-TNW
OLD PR ..
Oct. 27, 2011, 11:14 a.m. EDT
Amarok Completes Airborne Survey on Timmins Property
Oct 27, 2011 (ACCESSWIRE-TNW via COMTEX) -- Rancho Santa Margarita, CA October 27, 2011 - Amarok Resources Inc. /
AMOK +69.23% Amarok Resources Inc. (the "Company" or "Amarok") announces the completion of a High Resolution Airborne Magnetic and Electromagnetic geophysical survey over their 100% owned McNeil Gold property located within the Abitibi Greenstone belt, approximately 30 miles southeast of Timmins, Ontario, Canada and approximately 35 miles west of Kirkland Lake, Ontario, Canada. The company is currently in the process of analyzing the data from the survey and will be compiling the airborne data with past exploration and development work on the property. The completed compilation will be used to identify drill targets within the McNeil Gold Property, with special focus on the Isadore-MicMac gold zone. The Isadore-MicMac zone covers an area of 1.2 miles by 0.6 miles and has numerous gold showings on surface. Given the size and extent of the Isadore-MicMac zone, the potential exists for a large tonnage, "Super-Pit" style gold enrichment similar to those being currently being mined near Timmins Ontario such as the Porcupine Gold Mines. Porcupine Gold Mines is owned by GoldCorp and consists of the Hoyle Pond and Dome underground mines.
The company has received assays back from its recently completed drill hole AMK10-04, on the Rodeo Creek property, Carlin Trend Nevada. The hole was completed at a depth of 3,030ft, and intersected very intense Carlin-style alteration (brecciation and silicification) at a depth of 2,755ft to 2,962ft in Popovich Formation. Silicified Popovich Formation is one of the main hosts for gold mines along the Carlin Trend. Although the alteration found in AMK10-04 is the strongest yet found on the property, no economic concentrations of gold were detected through this section. The objective of AMK10-04 was to test the potential for a deep-seated high-grade auriferous structure believed to be the source of gold mineralization found at shallow depth in the nearby Flower area. Previous shallow drilling encountered numerous gold values, including 20ft grading 4.22 gm/T gold at 315ft depth in hole AMK-FZ-3, 14ft grading 2.37gm/T Au in AMK-FZ-4, and historical values ranging from 5.38 gm/T over 17ft to 29.66 gm/T over 5 ft.
Management believes that the Deep Flower Target has yet to be fully tested and the combination of "near-surface mineralization" and "deep high-grade Carlin-style alteration" is very significant, and merits additional follow-up drilling. In addition, geologic review of the information gathered from current and past drill programs has identified three holes, which also require follow-up drilling. All three encountered 70ft to 100ft of mineralized alteration in the Popovich Formation. The review has identified additional targets on the property which have not been drill-tested and which will warrant drilling. Amarok intends to continue with the exploration of the Rodeo Creek property and will be working with its technical team to determine its next phase of drilling.
The Rodeo Creek property adjoins, and is on strike with, Barrick's Storm, Dee and Arturo gold deposits in the Northern portion of the Carlin gold belt, which has in excess of 100 million ounces of gold production and inventory, including the world class Goldstrike and Meikle mines.
Amarok Resources is a US based mineral 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 trading 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
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.
Copyright 2011 ACCESSWIRE-TNW
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