Share Price: 0.125Gold (USD): 1287.55

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.

In a regional context, the property lies within the Pirineus Syntaxis, representing the intersection of two-fold thrust belts formed during the Neoproterozoic Brasiliano Orogenic period. The underlying geology consists of metamorphosed sediments and volcanics. The metasediments are calcareous and the volcanics are amphibolites and meta-tuffs. Occasional syntectonic granitic intrusions punctuate the landscape.

In 2007, Amarillo carried out a BLEG sampling program over the property which detected several anomalous values up to 4,327 Au ppb. The spatial distribution of the anomalous samples indicates that gold is coming from the headwaters of at least three separate drainages. First pass follow-up of these anomalous samples has confirmed the tenor and highlighted a large regional zone carbonate alteration in meta-volcanics.

The next exploration phase will consists of infill BLEG sampling which will aim to zero in on the gold source(s). A regime of soil sampling and other surfaces will be undertaken to establish drill targets.