Amarillo Gold Corp. is a mineral exploration company committed to building shareholder value by focusing on the acquisition, discovery, and development of gold resources in Brazil. The Company's principal projects are the Mara Rosa project in the state of Goiás, and the Lavras do Sul project in the state of Rio Grande do Sul. The Posse Deposit at Mara Rosa contains a resource 1,174,900 ounces of gold Measured & Indicated from 20.1MTonnes @ 1.75 g/t Au, 156,400 ounces of gold inferred from 3.6MTonnes grading 1.34 g/t Au at a 0.5g/t cut-off grade (from independent NI 43-101 compliant resource estimate completed by AEFS , Sept. 2011). The Reserves at Posse Deposit measure 945,200 ounces of gold Proven and Probable from 17.1MTonnes grading 1.72 g/t Au. The Posse Deposit is in the feasibility study stage, and is located in an area of excellent infrastructure 35 km NE of Yamana’s Chapada open pit Cu-Au operation, 105 km NE of Serra Grande’s underground Au mine, 105 km NNW of Anglo American’s nickel laterite project (in construction), 95 km NW of Votarintim’s Niquelandia nickel laterite mine, and some 60 km NE of Yamana’s Pilar Au project (in feasibility). The Serra da Mesa 450 MW hydro-electric dam lies 35 km to the east.
Amarillo Gold's vision is to be the leading junior gold exploration and mining company in Brazil. Company management is also committed to the concept of gold as money, believing that gold today remains misunderstood and under-valued, and that current valuations both reaffirm these beliefs and are indicative of future trends.
Amarillo Gold Corp.'s mission is to build in-ground gold reserves for future development in Brazil, currently one of the world's most promising emerging markets.
The declining reserves at mines owned by major producers, combined with fewer major discoveries globally, will significantly increase the value of junior mining and exploration companies with reserves and resources; such as Amarillo Gold Corp. Amarillo Gold's focus on building gold reserves and resources in a politically stable, accessible, and mining friendly country further enhances the value of its projects.
Amarillo Gold Corp. has a seasoned and proven management team with long and exceptional track records of discoveries, acquisitions, and mine construction.
Amarillo's objective is to acquire, discover and define gold resources in Brazil. In order to realize these objectives, Amarillo has undertaken the following:
•Continue to build ounces at Mara Rosa and Lavras do Sul, and upgrade and expand these deposits by drilling.
•Make new discoveries by applying advanced exploration techniques over selectively targeted areas.
•Acquire new properties by leveraging our strong local presence and inter-company networking within the Brazilian mining community.
•Complete a Feasibility Study on Mara Rosa.
•Get the Amarillo Gold story out - by developing a presence at key industry gatherings and continuing our investor relations efforts.