Amarok has projects located on two of the most prolific mining trends in North America.
Amaroks’ McNeil property is located within the mineral rich Abitibi Greenstone Belt, this gold belt is an established gold mining district having produced over 100 mines, and 170 million ounces of gold since 1901. The McNeil property consists of over 27,000 acres within McNeil, Robertson and Cleaver Townships in the Larder Lake Mining Division.
The Rodeo Creek project is located on the northern portion of the prolific Carlin Gold Trend. The Carlin Trend is host to as many as 30 gold mines and advanced projects, on which a combined 100 million ounces of gold production and inventory have been identified to 2002 (USGS), including world class deposits such as the Carlin, Goldstrike and Meikle Mines.
Rancho Santa Margarita, CA, April 8, 2013 – Amarok Resources Inc. (OTCQB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) announces that an Entry Agreement with Barrick Gold Exploration Inc. (“Barrick”) has been signed between Barrick and Amarok’s JV partner Trio Gold Corp. (“Trio”) authorizing Barrick access to fly over the Rodeo Creek property with a helicopter gravity geophysical survey. This work will commence shortly. The Rodeo Creek property consisting of just under 600 acres of 29 unpatented claims is located immediately north of Barrick’s Storm and Dee mines along the northern portion of the Carlin Trend, Nevada.
Amarok can earn a 75% interest in the property by spending $5.5 million. To date the company has spent $2.4 million on the Rodeo Creek property. On February 12, 2013, Amarok advanced to Trio the sum of $15,000 against the $150,000 payment due on April 1, 2013 pursuant to its February 9, 2010 agreement between Amarok and Trio, amended March 23, 2012.
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