The Mara Rosa Project is Amarillo's prime asset. In 2011 Amarillo Gold commissioned Coffey Mining Pty. to conduct a Pre-feasibility Study (PFS) on the Posse deposit contained within the Mara Rosa project area. An integral part of this PFS was an updated, independent, NI 43-101 compliant gold resource calculation which was undertaken by Keith Whitehouse, a principal of Australian Exploration Field Services Pty Ltd. (AEFS), based in Bendigo, Australia. The table below summarizes the results:
|Tonnes||Average Grade (Au)||Ounces (Au)|
|Meaured + Indicated||20,856,000||1.75 g/T||1,174,900|
Indicated & Inferred Mineral Resource at Posse Deposit
Amarillo is currently moving this project toward a Feasibility study. Given the current price of gold the Company’s management anticipates that this study will show robust economics and provide a compelling argument to commission a mine. The deposit site boasts excellent infrastructure; accessible by road and near a major highway, nearby labour sources (5 km to town of Mara Rosa), and with grid power to site established during the previous open-pit mining operation. Mara Rosa also holds upside exploration potential to find a Posse deposit look-alike through step-out drilling along strike and down plunge from the deposit along the same structure.
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Lavras do Sul
The Lavras do Sul project is the "second quiver" in our list of projects. There are 19 se