Amarillo Reports Gold Assay Results From Flagship Property, Mara Rosa, Intercepts Include 30m @ 2.51 g/t.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Amarillo Amarillo (ămərĭl`ō, –`ə), city (1990 pop. 157,615), seat of Potter co., N Tex.; inc. 1899. The commercial and industrial center of the Texas Panhandle, Amarillo grew after the coming of the railroad in 1887, becoming a Gold Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ) ("Amarillo or the Company") is pleased to announce encouraging assay results from 5 of the first 6 holes completed on its Mara Rosa Mara Rosa is a small town and municipality in north-central Goiás state, Brazil.
The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . The results show the mineralization to be continuous and have enhanced our knowledge at the South Posse deposit. Table 1 South Posse near surface mineralization infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. and definition drilling.
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Drill Hole Location Azimuth Mineralization Comments
Dip TD
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SPET1-01 99925m E 98.9m No significant Drilled to
100,210m N Az 140 Inc -60 check for
possible SW
extension to
the South
Posse deposit
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SPET1-02 100075m E 101.8m 65.95 to 78.0m South Posse
100205m N Inc -90 12.05 m @
2.01 g/t Au
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SPET1-03 100090m E 199.6m 128.0-179.0m South Posse
100125m N Az 140 Inc -80 51.0 m @
1.51 g/t Au
including 2m
at 5.3 g/t
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SPET1-04 100170m E 149.3m 81.0-107.0m South Posse
100190m N Az 140 Inc -80 26.0 m @
2.2 g/t Au
including 2m
@ 9.3 g/t
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SPET1-05 100175m E 88.5m 74.7 - 88.5 m South Posse
100240m N Az 140 Inc -80 13.8 m @ (hole was
2.57 g/t Au, lost
terminated
early)
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SPET1-06 100151m E 152.08m 104.0 - 134.0 m South Posse
100158m N Az 140 Inc -80 30.0 m @
2.51 g/t Au
including 6m
at 5.7 g/t
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After completing the 6 holes described in table 1, the drill was moved to the Posse North Area. The drilling here is designed to look for the structural feeder feeder abbreviation for self-feeders. Used in feeding groups of animals at intervals of several days. Feed has to be dry and comminuted so that it will run down the spouts from the hopper into the troughs. to the shallow mineralization present there. Four holes have been completed to date. These holes are spaced approximately 50m apart and assays are awaited a·wait v. a·wait·ed, a·wait·ing, a·waits v.tr. 1. a. To wait for. See Synonyms at expect. b. . This is a previously untested target and any positive gold assays results would be encouraging and add to the resource.
Table 2 Posse North Drilling
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Drill Hole Location Azimuth Mineralization Comments
Dip TD
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SPET1-07 100139m E 100.2 m Assays Awaited North Posse
100725m N Az 140 Inc -80
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SPET1-08 100148m E 40.6 m Assays Awaited North Posse
100925m N Az 140 Inc -80
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SPET1-09 100132m E 70.85 m Assay Awaited North Posse
100875m N Az 140 Inc -80
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SPET1-10 100131m E 100.2 m To Be Sampled North Posse
100750m N Az 140 Inc -80
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The results from the drilling from the South Posse and North Posse deposits have been encouraging enough to expand the drilling program from the previously announced 11 holes to 17 drill holes. Further drilling will target possible new zones of mineralization and fill in greater than 50m gaps in the known mineralization. In addition to the drilling program described above, Amarillo is completing 5 trenches into the prominent gold-in-soil geochemical anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. that extends to the north of the Posse deposits. This soil anomaly follows the structural trend of the gold mineralization at Posse. The trenches will total 1300 meters in length (500m completed to date). These will be channel sampled and sent for gold assay. If these samples return anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. gold results, a series of drill holes will be utilized to test the down dip extensions. To update those new to the Company, Amarillo is a new explorer in Brazil staffed by industry professionals familiar with discovery and Brazil. The intent is to grow the Company by acquisition and discovery. As part of this strategy, Amarillo purchased the Mara Rosa Project from Metallica Resources
Metallica Resources (TSX: MR and NYSE: MRB) is a Canadian based mineral and gold mining company. Inc., for $US450, 000. The transaction was completed in November 2005. There has been a large body of work done within the project area on the Posse Gold Deposit. After discovery and definition work by BHP/Billiton the deposit was sold to Western Mining. Western Mining conducted open pit mining operation on this deposit ceasing operations in 1995. Metallica, who purchased the property from Western Mining, hired independent consultant Pedro Gusman of Santiago Chile, in 1996 to determine the remaining resource at the Posse Deposits. This consultant's estimates must be considered an historic resource, as it was done prior to the implementation of the 43-101 National Instrument. He estimated the gold content down to 300m below surface to be 6.3million tonnes of 1.81g/t measured, 4.9million tonnes @1.67 g/t indicated and 1.42 million tones @ 1.94 g/t inferred, using a 1 g/t cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, using Krieging methods and industry standard guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. of the time. Amarillo considers this resource estimate as still relevant there has been no changes since the estimate was made, except that gold prices have moved to higher levels. The Company has commissioned a 43-101 compliant estimate of the resource, the results of which are awaited. Details about the historic work are available in our news releases dated 15-Feb-2005 and in the 43-101 report prepared by Terrence Hennesey of Micon International Inc., and filed on January 15 2004. The exploration potential on 42,000 Ha Mara Rosa property is also held in high regard by the Company as it encompasses large portions of the eastern and central greenstone belts Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies. , which are the hosts to the gold mineralization, harbours numerous galimpero workings and untested gold geochemical anomalies. This news release was written by Buddy Doyle and reviewed by Rick Brown, the Country Manager, Brazil and COO (Cell Of Origin) See mobile positioning. . Both are qualified persons for the Mara Rosa Project, as such term is defined by the National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
AMARILLO GOLD CORP.
Per:____________________________
Buddy Doyle, President, CEO
The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Amarillo Gold Corp. (TSX VENTURE:AGC) |
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