St. Elias Mines

Welcome To the St. Elias Mines HUB On AGORACOM Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company

Amarok Resources (AMOK) Lands Peru Gold:

Stunning Deposits Confirmed at Cueva Blanca

Early exploration produces gold at 131 oz./ton grade in trench sample

Lambayeque, Peru – Amarok Resources, Inc. (AMOK) recently announced the acquisition of the 1,200 hectare Cueva Blanca property situated in the Lambayeque district of Northern Peru.

Amarok Resources shareholders expect to be richly rewarded by the company’s winning move on Cueva Blanca. With major producers on a buy-out spree for multi-million ounce deposits, AMOK shareholders may want to cling tightly to existing holdings, perhaps even load up on a few more.

High grade gold strikes already uncovered

Trench samples taken from the northern part of the property at Zona Verde submitted to Bondar Clegg returned an overall grade of 47.12 grams per ton (1.374 oz/ton) gold. Three continuous samples representing 9 meters returned gold assays in grams per ton as follows:

Sample 190575 Sample 190576 Sample 190577

0.81 g/t gold in fines 47.3 g/t gold in fines 15.1 g/t gold in fines

3.84 g/t gold in coarse 3,727.4 g/t gold in coarse 1,036.3 g/t gold in coarse

0.83 g/t gold in blended 109.2 g/t gold in blended 31.32 g/t gold in blended

Results were confirmed in petrological studies from Cominco Exploration Research Lab (Vancouver) and Lehne and Ocharan Petrologists (Lima).

Cueva Blanca is located in Peru’s most productive mining region the Yanacocha-Pierina metallogenic belt extending prominently north and south along the Andean Mountain Range.

Amarok is a Nevada-based junior exploration company best known for its current exploration in Carlin Trend, Nevada. Its 540 acres Carlin Trend property lies adjacent to Barrick Gold’s Storm, Dee and Arturo South mines, and a few miles north of Newmont Mining.

Calculations from the initial exploration at Cuerva Blanca indicate an inferred resource of 190,000 ounces of gold and 945,000 ounces of silver. At current gold and silver pricing, $1,324.60/oz and $23.12/oz, the inferred resource value totals $273.52 million.

http://national-gold.com/goldrush.pdf

Please login to post a reply
molson200
City
Darwell
Rank
President
Activity Points
12469
Rating
Your Rating
Date Joined
10/18/2011
Social Links
Private Message
St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
Create a Post