Amarillo Gold Corp
Amarillo Gold Corp is a publicly traded mining company headed out of Toronto, Canada. Amarillo is a precious metals company that is developing an economic open pit gold resource of 1.27M oz grading 1.30 g/t at its Mara Rosa Project in the mining friendly jurisdiction of Goais State in Brazil. In addition to the Mara Rosa Project, Amarillo has an advanced exploration project in Brazil called Lavras do Sul, comprising of 22 prospects centered on gold workings.
Amarillo Gold has announced drill results from the ongoing infill drill program at its Mara Rosa open-pit project in Brazil. The company’s goal is to upgrade the current inferred resource ahead of a feasibility study (H1/19). We expect the current M&I of 1.27Moz Au grading 1.30g/t Au to grow. These results support our thesis that Amarillo’s Mara Rosa project is a highly undervalued development asset in the hands of a proven development team, where drilling and the upcoming feasibility study should gain market support.
Amarillo Gold has announced the results of an updated pre-feasibility study (PFS) for its Mara Rosa Project in the Goias state of Brazil, which follows a prior PFS completed by the previous management team in March 2017.
Impact: Mildly Positive
Amarillo Gold has announced drilling results from its first 11 holes of the planned 10,000 m drill program on its flagship Mara Rosa Project in the Goias state of Brazil, which commenced on May 23, 2018.