Share Price: 0.31 · Gold (USD): $1327.60
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Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that it has signed a contract of purchase and sale with Baribras Mining Ltd, (“Baribras”). Baribras is Brazilian registered private company that owns the mineral rights at the dormant Zacarias mine 13 km to the west of the proposed Posse mine development at the Mara Rosa Project. Zacarias material was toll processed at the old Posse mine when it was operated by Western Mining 1992-1995.

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that it received, from the Secretary of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA) of the state of Goiás the preliminary license (LP) for the proposed mine at the Mara Rosa project.   

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) Is pleased to announce that the Public Hearing, which is the last major step in obtaining the preliminary environmental license (“LP”) for Amarillo’s Posse gold deposit, was held on February 23, 2016 in the town of Mara Rosa, Brazil. The Public Hearing was conducted and chaired by the Secretariat of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA), and also attended by representatives of the Public Prosecutors office, (Ministério Público, “MP”).

More than 600 people attended the hearing in a local church hall including the mayor of Mara Rosa, representatives from, the Department of Mines (DNPM), other authorities, members of religious communities, social organizations, business community, public servants, union representatives and residents of  neighboring cities. and deputies from both the National and Goias congresses. 

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) Is pleased to announce that the date for the Public Hearing has been set for the 23rd of February, 2016. This is the final stage of the process to obtain the preliminary license (LP) for the new mine.  The date was set by the Secretary of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA), and has been accepted by the Public Prosecutors office, (Ministério Público, “MP”).

This Public Hearing is a fundamental part of the licensing process and gives the opportunity for local representatives of the stakeholders to hear about the project on an official basis and ask questions if necessary. Apart from local stakeholders, representatives of Amarillo, SECIMA and the MP will be present.

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