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Amarillo Gold Corp.

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Summary

Project:

Mara Rosa

Deposit:Posse
Location:Brazil
Commodities:Gold
Date:7/21/2016
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:21-7-2016: Amarillo Gold Corp. announces a Resource Estimation report for its Posse deposit at the Mara Rosa project. Updated mineral resource estimate, Measured resource increases by 53%. Australian Exploration Field Services Pty Ltd (AEFS) was retained
Resources:(Resource): 8.9Mt @ 1.98g/t Au (Meas), 13.1Mt @ 1.53g/t Au (Ind.), 7.1Mt @ 1.26g/t Au (Inf.)
CP/QP:[Resources]: Gregory Keith Whitehouse (Australian Exploration Field Services Ltd.)
ABSTRACT:Australian Exploration Field Services Pty Ltd (AEFS) was retained by Amarillo Gold Corporation (Amarillo) to undertake a site visit and review of the site procedures at the Posse Deposit near the township of Mara Rosa in Goiás State, Brazil. Subsequently an updated Independent Mineral Resource Estimate of the gold mineralisation contained in the Posse Deposit was made which incorporated all drilling and data updated undertaken since 2011 when a Pre-Feasibility Study by Coffey Consultoria e Serviços Ltda, (Coffey 2011) was released. This report details the work carried out and subsequent Mineral Resource Estimate. The Mineral Resource at Posse is estimated as 22,026,000 Tonnes containing 1,210,200 Oz Au at a grade of 1.71 g/t Au in the Measured and Indicated categories. A further 7,119,000 Tonnes containing 287,700 Oz Au at a grade of 1.26 g/t Au has been classified as Inferred.

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