NEWS
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For additional information please contact:
Amarok Resources, Inc.
30021 Tomas Street, Suite 300
Rancho Santa Margarita, CA 92688
Telephone: 949-682-7889
E-mail Us
- Rodeo Creek Project Update, Rancho Santa Margarita, CA, August 27, 2010
- Grass Roots Issues Research Report on Amarok Rancho Santa Margarita, CA, August 3, 2010
- Flower Zone Assays Indicate Deep Seated Gold Target - July 29, 2010
- Initial Assay Results Exceed Expectations - July 6, 2010
- Amarok Corporate Update - June 8, 2010
- Drilling Begins on Rodeo Creek Project, Carlin Trend Nevada - May 18, 2010
- Work begins on Rodeo Creek Project - May 11, 2010
- Amarok Completes Additional USD $1,000,000 Financing - April 27, 2010
- Amarok Resources Inc. signs agreement with St. Elias Mines Ltd. on Cueva Blanca Gold Property, Peru - April 20, 2010
- Amarok Resources Selects Drill Contractor for Rodeo Creek Project - April 14, 2010
- Amarok Resources Reviews Drilling Bids - March 11, 2010
- Amarok Resources Completes USD $1,000,000 Financing - February 24, 2010
- Amarok Resources Signs Exploration Agreement for 75% Interest in Carlin Trend Gold Property - February 22, 2010
For additional information please contact:
Amarok Resources, Inc.
30021 Tomas Street, Suite 300
Rancho Santa Margarita, CA 92688
Telephone: 949-682-7889
E-mail Us
Rodeo Creek Project Update
Rancho Santa Margarita, CA, 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 0.55gm/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.
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.
Rancho Santa Margarita, CA, 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 0.55gm/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.
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.
Grass Roots Issues Research Report on Amarok
Rancho Santa Margarita, CA, August 3, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce a research report has been issued on the Company by Grass Roots Research and Distribution Inc.
Grass Roots Research and Distribution, Inc., led by D. Paul Cohen, is one of Wall Street’s elite Independent Research Firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen’s partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)). Grass Roots Research and Distribution, Inc. includes PhD’s, MD’s, and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. Those interested in their research can go to http://www.grassrootsrd.com/CompanyDetails.aspx?cid=87&rid=129
to view their reports. Please review the full disclaimers contained on their website. Grass Roots Research and Distribution, Inc. (GRD) distributes report/release/advertisements and other Information purchased and compiled from outside sources and analysts. Their report/release/advertisement are commercial advertisements and are for general information purposes only.
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.
Rancho Santa Margarita, CA, August 3, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce a research report has been issued on the Company by Grass Roots Research and Distribution Inc.
Grass Roots Research and Distribution, Inc., led by D. Paul Cohen, is one of Wall Street’s elite Independent Research Firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen’s partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)). Grass Roots Research and Distribution, Inc. includes PhD’s, MD’s, and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. Those interested in their research can go to http://www.grassrootsrd.com/CompanyDetails.aspx?cid=87&rid=129
to view their reports. Please review the full disclaimers contained on their website. Grass Roots Research and Distribution, Inc. (GRD) distributes report/release/advertisements and other Information purchased and compiled from outside sources and analysts. Their report/release/advertisement are commercial advertisements and are for general information purposes only.
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.
Flower Zone Assays Indicate Deep Seated Gold Target
Rancho Santa Margarita, CA, July 29, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to update its shareholders on the drilling activity ongoing on the Rodeo Creek property located on the prolific Carlin gold trend in Elko county Nevada. A total of four holes were drilled in the Flower Zone Area of the property to test the fault structures that may point the way to the source of gold mineralization in this area of the property. In addition to the Flower Zone drilling, two deep holes have been completed on the “West” target, and one deep hole is currently being drilled on the south central portion of the property known as the “Look” target.
At the Flower zone, hole AMK-FZ-1 encountered a five foot section grading 0.55gm/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 drilling conducted in the Flower zone indicates that the gold mineralization is controlled by the Flower fault system. It is believed that this mineralization represents “leakage” from a deep-seated structure. Additional drilling on this high-priority target is required and a phase 2 drill program will be developed to focus along the downward projection of the Flower fault structure.
At the northern “West” target, hole AMK10-1 has been completed to a depth of 2978 ft. Assays are pending. At the central “West” target, hole AMK10-2 has also been completed to a depth of 3027 ft assays are also pending on this hole. The core rig will now move to hole AMK10-3. AMK10-3 is located on the Look target, and has been pre-collared to 1950 ft. This hole is expected to reach approximately 3000 ft in depth.
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.
Rancho Santa Margarita, CA, July 29, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to update its shareholders on the drilling activity ongoing on the Rodeo Creek property located on the prolific Carlin gold trend in Elko county Nevada. A total of four holes were drilled in the Flower Zone Area of the property to test the fault structures that may point the way to the source of gold mineralization in this area of the property. In addition to the Flower Zone drilling, two deep holes have been completed on the “West” target, and one deep hole is currently being drilled on the south central portion of the property known as the “Look” target.
At the Flower zone, hole AMK-FZ-1 encountered a five foot section grading 0.55gm/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 drilling conducted in the Flower zone indicates that the gold mineralization is controlled by the Flower fault system. It is believed that this mineralization represents “leakage” from a deep-seated structure. Additional drilling on this high-priority target is required and a phase 2 drill program will be developed to focus along the downward projection of the Flower fault structure.
At the northern “West” target, hole AMK10-1 has been completed to a depth of 2978 ft. Assays are pending. At the central “West” target, hole AMK10-2 has also been completed to a depth of 3027 ft assays are also pending on this hole. The core rig will now move to hole AMK10-3. AMK10-3 is located on the Look target, and has been pre-collared to 1950 ft. This hole is expected to reach approximately 3000 ft in depth.
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.
Initial Assay Results Exceed Expectations
Rancho Santa Margarita, CA, July 6, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (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.
Rancho Santa Margarita, CA, July 6, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (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.
Amarok Corporate Update
Rancho Santa Margarita, CA, June 8, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to update its shareholders and investors. As announced on February 24th and April 27th of 2010 Amarok has successfully concluded raising two million US dollars ($2,000,000) to satisfy its initial capital requirements. The funds will be utilized to aggressively move forward with its business plan of acquiring, exploring and developing mineral projects.
Rodeo Creek Property, Nevada - as announced on May 18, 2010, drilling is underway on the Rodeo Creek Property located on the Carlin Trend in Nevada. To date three reverse circulation drill holes have been completed on the south west trending extension of the Flower Fault Structure. Drill samples for Holes AMK-FZ01 and AMK-FZ02 have been sent to the lab for assay and results are expected within the next two weeks. Hole AMK-FZ03 is now being logged and will be sent for assay in the coming days. Drilling is currently underway on hole AMK 10-01, which is the first of 3 core drill holes planned during this phase of the program. Amarok can earn a 75% interest in the Rodeo Creek Property with an expenditure of $5.5 million over three years. The company will continue to update shareholders as information becomes available.
Cueva Blanca Property, Peru – Amarok has completed its due diligence and is moving forward with the Cueva Blanca Gold Project located in Northern Peru. As announced on April 20, 2010, Amarok has entered into a letter agreement with St. Elis Mines Ltd. (St. Elias) whereby the Company has an option to earn a 60% interest, subject to a 1.5% net smelter return royalty (“NSR”), in the Cueva Blanca Gold Property. St. Elias is a publicly traded mineral exploration company (TSX-V- Symbol – SLI). The company is in the process of planning a detailed exploration program on the property. Updates on this exciting project will be announced as they come available.
The company underwent a major corporate restructuring in January 2010 which included a name change to Amarok Resources, Inc. as well as a restructuring of its Board of Directors. All former Directors resigned and a new Board was elected. All past employees and associates no longer have any affiliation with the company.
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.
Rancho Santa Margarita, CA, June 8, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to update its shareholders and investors. As announced on February 24th and April 27th of 2010 Amarok has successfully concluded raising two million US dollars ($2,000,000) to satisfy its initial capital requirements. The funds will be utilized to aggressively move forward with its business plan of acquiring, exploring and developing mineral projects.
Rodeo Creek Property, Nevada - as announced on May 18, 2010, drilling is underway on the Rodeo Creek Property located on the Carlin Trend in Nevada. To date three reverse circulation drill holes have been completed on the south west trending extension of the Flower Fault Structure. Drill samples for Holes AMK-FZ01 and AMK-FZ02 have been sent to the lab for assay and results are expected within the next two weeks. Hole AMK-FZ03 is now being logged and will be sent for assay in the coming days. Drilling is currently underway on hole AMK 10-01, which is the first of 3 core drill holes planned during this phase of the program. Amarok can earn a 75% interest in the Rodeo Creek Property with an expenditure of $5.5 million over three years. The company will continue to update shareholders as information becomes available.
Cueva Blanca Property, Peru – Amarok has completed its due diligence and is moving forward with the Cueva Blanca Gold Project located in Northern Peru. As announced on April 20, 2010, Amarok has entered into a letter agreement with St. Elis Mines Ltd. (St. Elias) whereby the Company has an option to earn a 60% interest, subject to a 1.5% net smelter return royalty (“NSR”), in the Cueva Blanca Gold Property. St. Elias is a publicly traded mineral exploration company (TSX-V- Symbol – SLI). The company is in the process of planning a detailed exploration program on the property. Updates on this exciting project will be announced as they come available.
The company underwent a major corporate restructuring in January 2010 which included a name change to Amarok Resources, Inc. as well as a restructuring of its Board of Directors. All former Directors resigned and a new Board was elected. All past employees and associates no longer have any affiliation with the company.
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.
Amarok Resources Inc. signs agreement with St. Elias Mines Ltd. on Cueva Blanca Gold Property, Peru
Rancho Santa Margarita, CA, April 20, 2010 – Amarok Resources Inc.
(OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that the Company has entered into a letter agreement with St. Elis Mines Ltd. (St. Elias) whereby the Company has an option to earn a 60% interest, subject to a 1.5% net smelter return royalty (“NSR”), in the Cueva Blanca Gold Property (the "Property") located in northern Peru. St. Elias is a publicly traded mineral exploration company (TSX-V- Symbol – SLI). The company has until April 30th, 2010 to complete its due diligence on the property.
Cueva Blanca Gold Property, Peru
The Property covers 1,200 hectares and is located in the Lambayeque Department in northern Peru along the same geological trend as a number of multi-million ounce deposits including Yanacocha, Pierina and Lagunas Norte.
The Cueva Blanca is a promising high-grade epithermal gold/silver vein prospect with similarities to the El Dorado deposit in El Salvador, the El Pinon in Chile, the Midas and Sleeper Mines in Northern Nevada, and the El Limon Mine in Nicaragua.
Cueva Blanca exploration history has followed the classic pattern: acquisition based on geologic reasoning; property-wide prospecting and subsequent discovery of precious metal showings; detailed surface exploration of mineralized zones; and initial diamond drilling. The historical results provide an indication of the potential of the Property and are relevant to continuing exploration.
Historical exploration work on the Cruz vein system, which included 91 trenches and 18 drill holes totaling 1,860 metres, proved that the quartz veins contain consistent gold and silver values and that the Cruz vein system is a classic epithermal gold-silver deposit. Historical results of gold assays from the Cruz vein drill program include 6.0m of 2.31 g/t, 6.0m of 2.96g/t (including 1.75m of 7.45 g/t), 1.5 m of 22.68 g/t; 9.5m of 8.09 g/t (including 1.5m of 35.84 g/t); 10.8m of 2.4 g/t and 1.2m of 6.95g/t. The vein intersections contain virtually no sulfides. The vein system is open along strike to the SE and NW, and to depth. (Source: Summary Report, Sivertz, 1999.)
An internal summary report completed for St. Elias by Sivertz indicated an inferred resource of up to 190,000 ounces of gold and 945,000 ounces of silver on the property, to a depth of 100m. Using current gold and silver prices, this inferred resource has a value of over $225 million. While the company has no reason to doubt the accuracy of the historical results, the data should not be relied upon until confirmed by the Company's own exploration that meets NI 43-101 standards for disclosure. Historical results and the work that generated them predate the enactment of National Instrument 43-101 and accordingly may not meet the requirements of that policy.
Cueva Blanca Property Agreement
Under the terms of the letter agreement, Amarok can acquire a 60% interest in the Property (subject to a 1.5% NSR) in consideration of:
Qualified Person
The contents of this news release have been verified by, Phil van Angeren, P.Geol, a Canadian geologist, who is a “qualified person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
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.
Rancho Santa Margarita, CA, April 20, 2010 – Amarok Resources Inc.
(OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that the Company has entered into a letter agreement with St. Elis Mines Ltd. (St. Elias) whereby the Company has an option to earn a 60% interest, subject to a 1.5% net smelter return royalty (“NSR”), in the Cueva Blanca Gold Property (the "Property") located in northern Peru. St. Elias is a publicly traded mineral exploration company (TSX-V- Symbol – SLI). The company has until April 30th, 2010 to complete its due diligence on the property.
Cueva Blanca Gold Property, Peru
The Property covers 1,200 hectares and is located in the Lambayeque Department in northern Peru along the same geological trend as a number of multi-million ounce deposits including Yanacocha, Pierina and Lagunas Norte.
The Cueva Blanca is a promising high-grade epithermal gold/silver vein prospect with similarities to the El Dorado deposit in El Salvador, the El Pinon in Chile, the Midas and Sleeper Mines in Northern Nevada, and the El Limon Mine in Nicaragua.
Cueva Blanca exploration history has followed the classic pattern: acquisition based on geologic reasoning; property-wide prospecting and subsequent discovery of precious metal showings; detailed surface exploration of mineralized zones; and initial diamond drilling. The historical results provide an indication of the potential of the Property and are relevant to continuing exploration.
Historical exploration work on the Cruz vein system, which included 91 trenches and 18 drill holes totaling 1,860 metres, proved that the quartz veins contain consistent gold and silver values and that the Cruz vein system is a classic epithermal gold-silver deposit. Historical results of gold assays from the Cruz vein drill program include 6.0m of 2.31 g/t, 6.0m of 2.96g/t (including 1.75m of 7.45 g/t), 1.5 m of 22.68 g/t; 9.5m of 8.09 g/t (including 1.5m of 35.84 g/t); 10.8m of 2.4 g/t and 1.2m of 6.95g/t. The vein intersections contain virtually no sulfides. The vein system is open along strike to the SE and NW, and to depth. (Source: Summary Report, Sivertz, 1999.)
An internal summary report completed for St. Elias by Sivertz indicated an inferred resource of up to 190,000 ounces of gold and 945,000 ounces of silver on the property, to a depth of 100m. Using current gold and silver prices, this inferred resource has a value of over $225 million. While the company has no reason to doubt the accuracy of the historical results, the data should not be relied upon until confirmed by the Company's own exploration that meets NI 43-101 standards for disclosure. Historical results and the work that generated them predate the enactment of National Instrument 43-101 and accordingly may not meet the requirements of that policy.
Cueva Blanca Property Agreement
Under the terms of the letter agreement, Amarok can acquire a 60% interest in the Property (subject to a 1.5% NSR) in consideration of:
- making cash payments of $200,000 to St. Elias over a two-year period
- issuing 100,000 common shares in the capital of Amarok to St. Elias
- incurring $1,500,000 in exploration expenditures on the Property over a three-year period.
Qualified Person
The contents of this news release have been verified by, Phil van Angeren, P.Geol, a Canadian geologist, who is a “qualified person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
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.
Drilling Begins on Rodeo Creek Project, Carlin Trend Nevada
Rancho Santa Margarita, CA, May 18, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that drilling is now underway on the Rodeo Creek project. As announced in its May 11th news release, the drill program will consist of four shallow reverse circulation drill holes to test the south west trending extension of the Flower Zone and an additional three deep drill holes in the south and west areas of the property.
The Rodeo Creek property is located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. The Carlin Trend is one of the more prolific gold areas in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
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.
Rancho Santa Margarita, CA, May 18, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that drilling is now underway on the Rodeo Creek project. As announced in its May 11th news release, the drill program will consist of four shallow reverse circulation drill holes to test the south west trending extension of the Flower Zone and an additional three deep drill holes in the south and west areas of the property.
The Rodeo Creek property is located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. The Carlin Trend is one of the more prolific gold areas in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
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.
Work begins on Rodeo Creek Project
Rancho Santa Margarita, CA, May 11, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce work is now underway on the Rodeo Creek project in preparation for the movement of drilling equipment onto the property. At this time, roads are being built to the new drill locations and drill pads are being constructed. The company anticipates drilling will begin on the first series of holes later this week. The drill program will consist of four shallow reverse circulation drill holes to test the south west trending extension of the Flower Zone and an additional three deep drill holes in the south and west areas of the property.
The Rodeo Creek property is located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. The Carlin Trend is one of the more prolific gold areas in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
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.
Rancho Santa Margarita, CA, May 11, 2010 Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce work is now underway on the Rodeo Creek project in preparation for the movement of drilling equipment onto the property. At this time, roads are being built to the new drill locations and drill pads are being constructed. The company anticipates drilling will begin on the first series of holes later this week. The drill program will consist of four shallow reverse circulation drill holes to test the south west trending extension of the Flower Zone and an additional three deep drill holes in the south and west areas of the property.
The Rodeo Creek property is located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. The Carlin Trend is one of the more prolific gold areas in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
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.
Amarok Completes Additional USD $1,000,000 Financing
Rancho Santa Margarita, CA, April 27, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce it has completed a private placement in the amount of USD $1,000,000. The financing consisted of 1 million units at a price of $1 per unit for total proceeds of USD $1,000,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $1.25 per share for an 18 month period expiring October 21, 2011. The proceeds of the private placement will be used for continued property development, new project evaluation and working capital. This financing is in addition to the USD $1,000,000 completed by Amarok in February of this year.
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.
Rancho Santa Margarita, CA, April 27, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce it has completed a private placement in the amount of USD $1,000,000. The financing consisted of 1 million units at a price of $1 per unit for total proceeds of USD $1,000,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $1.25 per share for an 18 month period expiring October 21, 2011. The proceeds of the private placement will be used for continued property development, new project evaluation and working capital. This financing is in addition to the USD $1,000,000 completed by Amarok in February of this year.
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.
Amarok Resources Selects Drill Contractor for Rodeo Creek Project
Rancho Santa Margarita, CA, April 14, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that its Joint Operating Committee has selected a drilling contractor for the Rodeo Creek property. Drilling is anticipated to begin in early May 2010. The first phase of this program will test at least three of the prime gold targets on the property, which have not been previously drilled.
The Rodeo Creek property is located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. The company expects drilling to commence in early May, provided weather conditions permit movement of equipment onto the property.
The Carlin Trend is one of the more prolific gold areas in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
Management would like to advise its shareholders that only information posted on the Companies website or disseminated through official press releases and Corporate filings has been approved by the Company. When considering investing in Amarok, please refer to official Company news releases, Corporate filings and information contained within the Amarok website. Amarok cannot accept responsibility for statements or information that have not been clearly endorsed by Amarok.
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 www.amarokresources.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
Rancho Santa Margarita, CA, April 14, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that its Joint Operating Committee has selected a drilling contractor for the Rodeo Creek property. Drilling is anticipated to begin in early May 2010. The first phase of this program will test at least three of the prime gold targets on the property, which have not been previously drilled.
The Rodeo Creek property is located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. The company expects drilling to commence in early May, provided weather conditions permit movement of equipment onto the property.
The Carlin Trend is one of the more prolific gold areas in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
Management would like to advise its shareholders that only information posted on the Companies website or disseminated through official press releases and Corporate filings has been approved by the Company. When considering investing in Amarok, please refer to official Company news releases, Corporate filings and information contained within the Amarok website. Amarok cannot accept responsibility for statements or information that have not been clearly endorsed by Amarok.
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 www.amarokresources.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
Amarok Resources Reviews Drilling Bids
Rancho Santa Margarita, CA, March 11, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that preparations are underway to begin a drilling program on the Rodeo Creek property located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. Amarok, working in conjunction with the operator, has set up a management committee to determine exact drilling locations and to review bids received from qualified drilling companies. Drilling will commence as soon as weather conditions permit the movement of equipment onto the property.
The Rodeo Creek property comprises 29 contiguous mineral claims covering an area of 547 acres (221 hectares) and is strategically located 1 mile northwest of Barrick Gold Corp's Storm deposit, 3 miles northwest of Centerra Gold’s REN property and on strike with other major gold mines such as the Post Betze (Goldstrike), which contains over 40 million ounces of gold, Newmont’s Gold Quarry mine with 16.7 million ounces and Barrick’s Meikle mine with a reported 7 million ounces of gold.*
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
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.
*Nevada Bureau of Mines and Geology.; Bulletin 111, 2002
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.
Rancho Santa Margarita, CA, March 11, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce that preparations are underway to begin a drilling program on the Rodeo Creek property located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada. Amarok, working in conjunction with the operator, has set up a management committee to determine exact drilling locations and to review bids received from qualified drilling companies. Drilling will commence as soon as weather conditions permit the movement of equipment onto the property.
The Rodeo Creek property comprises 29 contiguous mineral claims covering an area of 547 acres (221 hectares) and is strategically located 1 mile northwest of Barrick Gold Corp's Storm deposit, 3 miles northwest of Centerra Gold’s REN property and on strike with other major gold mines such as the Post Betze (Goldstrike), which contains over 40 million ounces of gold, Newmont’s Gold Quarry mine with 16.7 million ounces and Barrick’s Meikle mine with a reported 7 million ounces of gold.*
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
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.
*Nevada Bureau of Mines and Geology.; Bulletin 111, 2002
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.
Amarok Resources Completes USD $1,000,000 Financing
Rancho Santa Margarita, CA, February 24, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) announces the completion of a USD $1 million financing. The funds raised will be allocated to the exploration and development of the Rodeo Creek property (the “Property”) located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada.
The property comprises 29 contiguous mineral claims covering an area of 547 acres (221 hectares) and is strategically located 1 mile northwest of Barrick Gold Corp's Storm deposit, 3 miles northwest of Centerra Gold’s REN property and on strike with other major gold mines such as the Post Betze (Goldstrike), which contains over 40 million ounces of gold, Newmont’s Gold Quarry mine with 16.7 million ounces and Barrick’s Meikle mine with a reported 7 million ounces of gold.*
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified. 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.
*Nevada Bureau of Mines and Geology.; Bulletin 111, 2002
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.
Rancho Santa Margarita, CA, February 24, 2010 – Amarok Resources Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) announces the completion of a USD $1 million financing. The funds raised will be allocated to the exploration and development of the Rodeo Creek property (the “Property”) located on the northern portion of the Carlin Gold Trend, thirty miles northeast of Carlin Nevada.
The property comprises 29 contiguous mineral claims covering an area of 547 acres (221 hectares) and is strategically located 1 mile northwest of Barrick Gold Corp's Storm deposit, 3 miles northwest of Centerra Gold’s REN property and on strike with other major gold mines such as the Post Betze (Goldstrike), which contains over 40 million ounces of gold, Newmont’s Gold Quarry mine with 16.7 million ounces and Barrick’s Meikle mine with a reported 7 million ounces of gold.*
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified. 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.
*Nevada Bureau of Mines and Geology.; Bulletin 111, 2002
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.
Amarok Resources Signs Exploration Agreement for 75% Interest in Carlin Trend Gold Property
Rancho Santa Margarita, CA, February 22, 2010 – Amarok Resources, Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce it has entered into an agreement with Carlin Gold Resources, a private company, to acquire a 75% interest in the Rodeo Creek property (the “Property”) located on the northern portion of the world famous Carlin Gold Trend, thirty miles northeast of Carlin Nevada. As per the terms of the agreement Amarok agrees to invest USD $1.5 million in exploration on the property on or before December 31, 2010. An additional expenditure of USD$4.0 million is required to be spent on or before December 31, 2012 to earn its interest in the property
The property comprises 29 contiguous mineral claims covering an area of 547 acres (221 hectares) and is strategically located 1 mile northwest of Barrick Gold Corp's Storm deposit, 3 miles northwest of Centerra Gold’s REN property and on strike with other major gold mines such as the Post Betze (Goldstrike), which contains over 40 million ounces of gold, Newmont’s Gold Quarry mine with 16.7 million ounces and Barrick’s Meikle mine with a reported 7 million ounces of gold.*
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
Amarok Resources, Inc. 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.
*Nevada Bureau of Mines and Geology.; Bulletin 111, 2002
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.
Rancho Santa Margarita, CA, February 22, 2010 – Amarok Resources, Inc. (OTCBB: AMOK) Amarok Resources Inc. (the “Company” or “Amarok”) is pleased to announce it has entered into an agreement with Carlin Gold Resources, a private company, to acquire a 75% interest in the Rodeo Creek property (the “Property”) located on the northern portion of the world famous Carlin Gold Trend, thirty miles northeast of Carlin Nevada. As per the terms of the agreement Amarok agrees to invest USD $1.5 million in exploration on the property on or before December 31, 2010. An additional expenditure of USD$4.0 million is required to be spent on or before December 31, 2012 to earn its interest in the property
The property comprises 29 contiguous mineral claims covering an area of 547 acres (221 hectares) and is strategically located 1 mile northwest of Barrick Gold Corp's Storm deposit, 3 miles northwest of Centerra Gold’s REN property and on strike with other major gold mines such as the Post Betze (Goldstrike), which contains over 40 million ounces of gold, Newmont’s Gold Quarry mine with 16.7 million ounces and Barrick’s Meikle mine with a reported 7 million ounces of gold.*
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified.
Amarok Resources, Inc. 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.
*Nevada Bureau of Mines and Geology.; Bulletin 111, 2002
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.
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