TORONTO, ONTARIO–(CCNMatthews – Sept. 19, 2005) – Amarillo Gold Corp. (NEX BOARD:AGC.H) (“Amarillo or the Company”) announces that the assay results for the four-hole drill program have been received for the San Antonio Project in the Goias State, Brazil.
Noteworthy intercepts include, 2m @ 30.9 g/t of silver (Ag) from 14.72m to 16.72m, and 7.6m @ 7.8 g/t silver (Ag) from 47m to 54.6m in the first drill hole. The second drill hole contained 4.06m @ 1.3 g/t of gold (Au) from 10.94m to 15.0m and 4.3m @ 20.9 g/t of silver (Ag) from 6.64m to 10.94m. The fourth drill hole contained, 0.67m @ 2.2 g/t gold (Au) from 32.12m to 32.79m. Drill hole number three did not intercept mineralization.
The drilling was focused on artesianal mining workings located about 50km East of the municipality of Minacu. The workings are now largely abandoned. The previous miners extracted gold from structurally controlled siliceous zones and quartz veins with disjoint pods of sulphide (pyrite, arsenopyrite, chalcopyrite), hosted in stratiform metamorphosed calcareous shales of Proterozoic age. The miners followed these veins to depth using shafts and adits. The gold was extracted by crushing, gravity separation and amalgam.
The drilling conducted by Amarillo was designed to test the down dip extent of the mineralization that was exploited by the artisans. Four drill holes where completed totaling 416m. The assays described above show the drilling hit mineralization. The zones containing the elevated precious metals also contain elevated Copper, Arsenic, Bismuth and Tungsten, which is the same mineral association found in the mining areas. However, the mineralization intersected by the drilling does not seem to have the widths and the tenure required to sustain the extensive artisan mining at San Antonio. Given the pod-like nature of the mineralization it is possible the drilling missed the larger intercepts. Drill hole 1 had a large zone of core loss which could have been the drill crossing a mined out area, there are no records of the location and the extent of these workings.
Further drilling is not planned at San Antonio at present. The parcel of land owned by Amarillo surrounding San Antonio contains at least three other artesianal gold workings. The Company plans to map and sample these, with possible geophysical back-up before proceeding with any further drilling in the area.
The San Antonio project is on option from Phelps Dodge Do Brasil Mineracao LTDA. (“Phelps Dodge”).
The qualified person as defined by the N.I. 43-101 for this news release is Buddy Doyle a geologist of 23 years experience, several of those involved with exploration, discovery and evaluation of gold properties. Mr Doyle is a member of the AUSIMM and he visited the property in April 2005.