Welcome to Amarillo Gold
Amarillo Gold Corp. is a gold exploration company committed to building shareholder value by focusing on discovery and development of gold resources in Brazil. The Company’s prime asset is the Mara Rosa Gold Project (100% owned) in central Brazil, which holds 1,174,900 ounces Au at 1.75 g/t (M+I) and 156,400 ounces Au at 1.34 g/t (Inferred)*.
Amarillo is currently focused on the permitting process at Mara Rosa. Once the permit is completed, the Company will be in a unique position as one of the few companies in the world with a permitted, low-cost 1,000,000 ounce gold deposit in proximity to highway and infrastructure.
The Company is fully aware of the challenges facing any resource company in the current market climate. Amarillo Gold sees these challenges as a great opportunity. The devaluation of the Brazilian currency has lowered the capital and operating cost and gold is at record highs in the terms of the local currency. This is the time to build, to be ready for the next upturn in the oversold resource sector.
Amarillo Gold also operates an advanced exploration stage project at Lavras do Sul located in southern Brazil. Lavras do Sul is the largest land package (190 sq.km.) assembled in the 300 year history of gold mining in the Lavras area. To date Amarillo has tested 5 of the 19 known old workings at Lavras do Sul and 4 of these have returned significant gold values, including the Butia prospect which now holds over 500,000 ounces of gold (Indicated & Inferred).
*As per 43-101 PreFeasibility Study January 2012, Coffey Geotechnics