Share Price: 0.065Gold (USD): 1152.9301

Projects

Mining Rights in Brazil

Mara Rosa

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
Inferred 630,000 1.34 g/T 156,400
Total 21,486,000 1.37 g/T 1,331,300
Indicated & Inferred Mineral Resource at Posse Deposit
Source: CICC

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.

Read more about the project.

Lavras do Sul

The Lavras do Sul project is the "second quiver" in our list of projects. There are 19 s