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Amarillo Gold Corp.
Summary
| Project: | Mara Rosa | |
|---|---|---|
| Deposit: | Mara Rosa | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 19-6-2018: Amarillo Gold Corp. announces an Exploration/Drilling Update report for its Mara Rosa deposit at the Mara Rosa project. Old drillholes new assay results incl. 58m @ 1.75g/t Au from 199m . Toronto, Ontario – June 13, 2018 – Amarillo Gold Corpora | |
| Resources: | (Resource): 8.568Mt @ 2.0g/t Au (Meas.), 13.458Mt @ 1.52g/t Au (Ind.) | |
| CP/QP: | [Overall Report]: Frank Baker (Internal) | |
| ABSTRACT: | Toronto, Ontario – June 13, 2018 – Amarillo Gold Corporation (“Amarillo” or the “Company”) (TSX.V: AGC) previously announced on May 23, 2018, that it had commenced a 10,000m drill program on its flagship Mara Rosa Project. The assay results reported in Table 1 below are from four geotechnical holes drilled in 2011, but only now assayed as part of this new campaign. Marc Ducharme, Amarillo’s Chief Exploration Geologist commented "These early assays confirm good ore body thickness and grade continuity as anticipated in our resource block model. We now have three core drills working at Mara Rosa and have mobilized two reverse circulation drills this week. Our program is targeting infill and step-out drilling primarily on the northern, shallower end of the planned pit. In addition, we plan to explore the resource at Mara Rosa down dip with our step-out drilling." Mike Mutchler, CEO of Amarillo added "Our immediate goal for the infill drilling is to convert the 300K ounces of inferred ore into indicated ore to be included in next year’s Feasibility Study. This will allow for 2 improved project economics and extension of mine life to at least 10 years. We will also explore the possibility that the orebody extends down dip and beyond the limits of the pit. I would like to congratulate our Brazilian staff on their outstanding efforts to quickly mobilize the drills and restart exploration drilling at Mara Rosa after a seven-year hiatus." | |
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