Projects
Mara Rosa
The Mara Rosa Project, is Amarillo's prime asset. In 2008, the company completed a preliminary economic analysis (PEA) on the Posse deposit contained within the Mara Rosa project area. This independent 43-101 compliant study was undertaken by Ian Kelso of CICC, based in Sudbury, Ontario. The table below summarizes the results:
| Tonnes | Average Grade (Au) | Ounces (Au) | |
| Indicated | 13,500,000 | 1.48 g/T | 643,000 |
| Inferred | 13,000,000 | 1.26 g/T | 538,000 |
| Total | 26,500,000 | 1.37 g/T | 1,181,000 |
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Indicated & Inferred Mineral Resource at Posse Deposit Source: CICC |
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We are currently moving this project towards a pre-feasibility study. Given the current price of gold we feel that this study will show robust economics and provide a compelling argument to commission a mine. The site boasts a good infrastruture, near roads, labour sources and power with upside exploration potential.
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Lavras do Sul
The Lavras do Sul project is the "second quiver" in our list of projects. There are 19 separate areas of old workings in a 100 square kilometre area, hosted in a granitic intrusive complex and the surrounding volcanics. Amarillo has been systematically drill testing these old workings and met with drilling success. Four of the five zones tested gave over 100g*m results in the drill core. If the other areas of old workings continue to reward us like this the area will be a major new gold resource.
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Ourolandia
The Ourolandia property is comprised of some 56,000 hectares and is located approximately 100km west of the national capital, Brasilia. The property was staked on attractive regional geology, historic alluvial operations, and BLEG sampling. It is owned 100% by Amarillo.
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Santo Antonio
Santo Antonio consists of eight exploration permits totalling 15,000 hectares. It is located in the northern part of Goias state in central Brazil, approximately 300km NW of the national capital, Brasilia. The property lies within a northeast trending belt of Meso-proterozoic metamorphosed sedimentary rocks from the Araí Group. The Araí groups is a number of artisanal gold workings on the property that are being investigated.
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