Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM
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Message: Value of the Cueva Blanca
First, here is the calipre of the firm that has written this report of the Cueva Blanca in 2010 for Amarok. As you see, a pretty impressive company. And this impressive company valued the Cueva Blanca at $225 million at that time, a far cry from the $100,000 it was recently sold for by SLI management. Grassroots Issues Research Report on Amarok
http://www.bloomberg.com/article/2010-08-03/aRMXAX8XyqVE.html
About The Cueva Blanca Gold Property
The Company has completed its due diligence on the Cueva Blanca Gold Property which it has the option to earn a 60% interest, subject to a 1.5% net smelter return royalty from St. Elis Mines Ltd. The property is expected to hold high-grade epithermal gold/silver vein prospects. The Cueva Blanca Gold property is spread across 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. 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 consistently contain gold and silver 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. http://www.grassrootsrd.com/grassrootsrd/Reports/Amarok_Resources_07_23_2010.pdf
RANCHO SANTA MARGARITA, CA -- (Marketwire) -- 08/03/10 -- Amarok
Resources Inc. (OTCBB: AMOK) (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 PhDs,
MDs, 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.
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