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Project: | Mara Rosa | |
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Deposit: | Mara Rosa | |
Location: | Brazil | |
Commodities: | Gold | |
Date: | 9/10/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Mine Development | |
Report details: | 10-9-2018: Amarillo Gold Corp. announces an Exploration/Drilling Update report for its Mara Rosa deposit at the Mara Rosa project. Drilling results incl. 18m @ 1.56g/t Au from 214m. Toronto, Ontario – September 10, 2018 – Amarillo Gold Corporation (“Amari | |
Resources: | (Reserve, P+P): 19.01Mt @ 1.63g/t Au for 997536oz Au contained | |
CP/QP: | [Overall Report]: Mike Mutchler (Internal) | |
ABSTRACT: | Toronto, Ontario – September 10, 2018 – Amarillo Gold Corporation (“Amarillo” or the “Company”) (TSX.V: AGC; OTCQB: AGCBF) is pleased to announce drilling results from its first 11 holes of the planned 10,000 m drill program on its flagship Mara Rosa Project which commenced on May 23, 2018. In May 2018, the Company commenced a 10,000m drill program at Mara Rosa which included 7,000m of core drilling and 3,000 m of RC drilling designed to convert the existing 310K ounces from inferred resources to indicated resources and to explore additional targets along the 12km long Posse trend. A total of 2,617m from 11 diamond drill holes have been completed to date using three drills. Drilling focused on the northeast end of the pit which has previously been identified as the low strip, shallow end of the ore body. "These infill drill results confirm the gold deposit grade continuity and thickness and are expected to contribute positive economic ounces to our indicated resources," said Mike Mutchler, CEO of Amarillo Gold, "We are now working on 16 additional drill holes downdip in the south end of the pit after which we will move the drills to the southwest for 4 planned step-out drill holes in the fall." | |
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