Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce the following drill results from infill drilling of the saddle zone within, and immediately beneath, the proposed Posse pit at the Company’s wholly-owned, development-stage Mara Rosa Project in Brazil.
The current Posse deposit optimized pit design is based on an $1100/ounce gold price (see corporate presentation, or the PFS report on Amarillo’s website at www.amarillogold.com). The proposed pit has a notable saddle zone between the deeper southern and northern parts of the pit. A review of the block model showed this saddle zone contained gold mineralization in the Inferred resource category. An infill drilling program was initiated with the intent to convert these Inferred ounces into the Indicated category. This 19 hole drilling program has been completed and the summary assay results are listed in Table One below.