Amarillo Gold News

Amarillo Grants Stock Options to Newest Director

Vanessa Bogaert — Wed, 21 Jul 2010 20:03:36 +0000

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), announces the granting of Incentive Stock Options to purchase up to 175,000 common shares of Amarillo to Todd Bruce, the Company’s newest director.

Amarillo Closes $6million Non-Brokered Private Placement

Vanessa Bogaert — Thu, 15 Jul 2010 21:26:49 +0000

Vancouver, B.C. - Amarillo Gold Corp. (TSX-V AGC) (“Amarillo” or the “Company”) is pleased to announce that it has completed its non-brokered private placement financing (the "Private Placement") of 8,000,999 shares of the Company at a price of $0.75 (seventy-five cents) per share for aggregate proceeds of $6.0 million (all currency references are in Canadian dollars).

The proceeds will be directed towards further exploration and definition of our Brazilian gold projects.

Amarillo announces non-brokered private placement for up to $6million in proceeds

Vanessa Bogaert — Tue, 08 Jun 2010 18:31:33 +0000

Amarillo Gold Corp. (“Amarillo” or the “Company”) (TSX-V AGC) is pleased to announce that, subject to regulatory approval, it will arrange a non-brokered private placement financing (the "Private Placement") of up to 8,000,000 shares of the Company at a price of $0.75 (seventy five cents) per each common share issued in the capital of the Company, for aggregate proceeds of up to $6.0 million. Subject to certain conditions including, but not limited to, the receipt of the approval of the TSX Venture Exchange.

Amarillo Gold Corp. will be exhibiting at the World Resource Investment Conference in Vancouver, June 6-7 in Booth 507

Vanessa Bogaert — Thu, 03 Jun 2010 13:27:08 +0000

http://cambridgehouse.com/email/worldvancouverjune0610/cheb_templateworld_cambridge-3.html

Click the link above for more information.

Amarillo receives updated resource estimate for the Mara Rosa project: 623,000 oz in 11.9MT @ 1.62g/t Gold indicated, and 451,000 oz in 10.2MT @ 1.38g/t Gold inferred , using 0.5g/t cut-off

administrator — Thu, 27 May 2010 17:26:21 +0000

Amarillo Gold Corp. (TSX-V: AGC)(“Amarillo” or the “Company”) is pleased to announce that it has received an updated estimate for the Posse deposit, part of the Mara Rosa project, approximately 360km NNW of Brasilia the capital of Brazil, in Goias State.

Amarillo commissions initial 43-101 resource estimate on the Butia prospect, southern Brazil.

administrator — Tue, 18 May 2010 18:16:45 +0000

Amarillo Gold Corp. (TSX-V: AGC)(“Amarillo” or the “Company”) is pleased to announce that it has awarded to Atticus Consulting SAC (Atticus) of Lima Peru, the task of conducting the first resource estimate on the Butia prospect, the most advanced of the numerous prospects that fall within the Lavras do Sul project.

Amarillo reports an intercept of 190m @ 0.94 g/t Au from its continuing drill program at the Butia Prospect, Lavras do Sul, southern Brazil.

administrator — Mon, 10 May 2010 23:43:27 +0000

Amarillo Gold Corp. (TSX-V: AGC)(“Amarillo” or the “Company”) is pleased to release the latest results from the Butia drilling at its Lavras do Sul project in southern Brazil.

Amarillo Reports Further Positive Results from its Butia Prospect Drill Program, including an Intercept of 121m @ 1.08 g/t Au

Vanessa Bogaert — Mon, 12 Apr 2010 18:10:42 +0000

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to release the latest results from the Butia drilling at its Lavras do Sul project in southern Brazil.

An Update on the Butia Prospect Drill Program, Lavras do Sul

administrator — Mon, 08 Mar 2010 17:31:35 +0000

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo”, the “Company”) is pleased to announce the following update for our Lavras do Sul project in the State of Rio Grande do Sul.

Todd Bruce Joins Board of Amarillo Gold

Vanessa Bogaert — Mon, 22 Feb 2010 17:00:00 +0000

Vancouver, B.C., - Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that Mr. Todd Bruce has joined the Board of Directors of Amarillo Gold. Mr. Bruce is well known in the mining and financial communities and the Board of Amarillo looks forward to benefiting from his guidance and knowledge. Mr. Bruce has held senior management and Board positions with Anglo Platinum, IAMGold Corporation and Crystallex. He brings extensive operational and development experience, and will strengthen and broaden Amarillo’s collective board expertise.

From September 2003 to January 2007, Mr. Bruce served as CEO, President and Director of Crystallex International Corporation, Highlights of his tenure included completion of a bankable feasibility study on, and securing an EPCM contract with SNC Lavalin for the Las Cristinas project, financings that raised nearly C$250 million and two drill programs that increased gold reserves at Las Cristinas from approximately 10 million ounces to 17 million ounces.

Amarillo presenting core samples at 2010 PDAC Conference

Vanessa Bogaert — Sat, 20 Feb 2010 00:02:19 +0000

Amarillo will present core from its Lavras do Sul gold deposit at Session A (Sunday and Monday, March 7th - 8th) in Booth #5019.

The Core Shack will be held on Level 700, South Building of the Metro Toronto Convention Centre.

PDAC 2010: International Convention, Trade Show & Investors Exchange Mining Investment Show

March 7 - 10, 2010, Toronto, Canada

Metro Toronto Convention Centre - South Building

Update on 2009-2010 drill program at Butia Gold Prospect, Lavras do Sul Project. First hole, Returns 11m @ 2.34g/t Au

Vanessa Bogaert — Mon, 25 Jan 2010 17:00:00 +0000

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo”) is pleased to announce the following update for our Lavras do Sul project in the State of Rio Grande do Sul.

As detailed in our October 7th news release, Amarillo has mobilized a drill rig on the Butia gold prospect. This drill is now on the sixth hole after recommencing work after the Christmas break. This current drilling program adds to the 6.8km of drilling already completed on the Butia prospect. The purpose is to determine the full extent of the mineralized system with step out drilling and conduct enough infill drilling to determine a first pass resource estimate (approximate 50m spacing between collars). The timing and the amount of drilling to accomplish this is open ended as it depends on the results of the step-out drilling. The more positive results we receive the more work required.

Amarillo Options More Ground at Lavras do Sul and Provides Drilling Update on Butia Gold Prospect

Vanessa Bogaert — Thu, 03 Dec 2009 18:03:11 +0000

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo”) Highlights:

Amarillo has entered into an option-agreement with Maria Ildara Correa Carvalho, ("Maria Ildara") a Brazilian national who has a 100% right to an exploration permit that covers 8655 hectares in the SW of the Lavras do Sul project. (All currency in Brazil Reals).
The option requires a series of annual cash payments and a R$300,000 exploration commitment. Amarillo may opt out of the agreement at any time after making the exploration commitment. Amarillo can earn a 100% interest in the exploration property subject to Maria Ildara retaining a 1% Royalty (NSR).
The Maria Ildara ground is strategically located south of the Butia prospect, the current focus of Amarillo’s drilling.
Amarillo has started the fourth drill hole of the current >5000m drilling program. A total of 1080m of drilling has been completed to date. All drill holes to date have intersected alteration similar to that which has hosted gold in the past. Visible gold has been logged in a small zone in one of the holes. Historically, Amarillo has completed 6976m of drilling at Butia defining a significant gold system. Material gold intercepts have included 232m @ 1.95 g/t Au and 120m @ 3.23 g/t Au.
Material from three of the holes has been set to Acme Laboratories, and results should start arriving soon. The company will release these results in batches of 3-5 holes or when otherwise appropriate.

Amarillo Starts Drilling on the Butia Gold Discovery, Lavras do Sul Project, Southern Brazil

Vanessa Bogaert — Wed, 14 Oct 2009 13:37:26 +0000

Highlights:

Drilling has commenced on our prime prospect, “Butia” within the larger Lavras do Sul project.
Amarillo has historically completed 6976m of drilling at Butia generating significant gold intercepts such as 232m @ 1.95 g/t Au and 120m @ 3.23 g/t Au .
The new drilling program (minimum 5000m) will define and attempt to further expand the known 250m by 230m mineralized gold zone and explore the 1400m by 500m alteration zone in the target-area.
Assay results from the new drilling program are expected within the next 6 weeks.
Butia is just one part of a larger mineralization system hosted by the 100km2 Lavras do Sul intrusive complex. With and adjacent to this complex there are at least. 19 separate prospects/targets. To date we have drill tested 5 prospects (Butia being just one), 4 return significant gold intercepts and that require further follow-up. Future work will focus on systematically exploring these other gold prospects/targets as the exploration program on the property advances.

Amarillo provides exploration update on Lavras do Sul Project

Vanessa Bogaert — Tue, 06 Oct 2009 14:00:00 +0000

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo”) is pleased to provide an update on its recent exploration activities at its Lavras do Sul gold project in the southern Brazilian state of Rio Grande do Sul. Since the beginning of the year Amarillo has been exploring primarily on the ground optioned from IAMgold in 2008 (the Property) -see NR 23 May 2008. The IAMgold option covers about one third of the Lavras do Sul granite intrusion complex and some of the surrounding volcanic rocks. It includes several areas of historic workings which are listed below:

Valdo Teixeira, on the SE edge of the Lavras do Sul intrusion, consists of at least three parallel E-W siliceous veins with alteration selvedges extending 10’s of metres into the intrusive with some extending into the surrounding volcanic rocks. Previous workers stripped soil near the veins and developed one adit into the central vein when working for gold.
Cerro Rico is hosted in the Hilario volcanics which surround the intrusive complex to the east. There are at least 24 old workings developed into the veins. The workings - which supplied a centralized plant built in the early 1900’s - are quite extensive with shafts galleries and adits developed within 50m of the surface.
Dourada is an area of alteration hosted within the intrusion with several pits and adits.
Mato Feio, is another separate area of alteration hosted within the intrusion with several historic surface workings.
Sao Jose is a 3km linear belt of alteration and workings closer to the centre of the intrusion with sheeted quartz veins and intense alkaline alteration, (episyenite). San Jose was the site of a second processing plant.
Virginia is a 1km zone of sporadic alteration which occurs at the western end of the San Jose zone.
A new area of high interest found using soil sampling and geophysics has been named Sao Domingos. Sao Domingos occurs south and west of the Valdo Teixeira prospect. It consists of a 1.3km zone of geochemi cally anomalous soils.

Amarillo Commissions Metallurgical Testing at Posse

Vanessa Bogaert — Wed, 02 Sep 2009 16:16:35 +0000

Vancouver, B.C., - Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that Testwork Desenvolvimento de Processo Ltda (“Testwork”) has been contracted to carry out a comprehensive metallurgical testing program on approximately 200 kilograms of core samples from the Posse gold resource at the Mara Rosa project in Goias State, central Brazil. The Posse deposit has a 43-101 compliant resource of 643,000 indicated and 538,000 inferred gold ounces *.

Amarillo Gold Corporation Grants Options

Vanessa Bogaert — Fri, 21 Aug 2009 17:59:55 +0000

Vancouver, B.C., August 21, 2009 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), announces the granting of Incentive Stock Options to purchase up to 1,070,000 common shares of Amarillo to directors, officers and consultants.

The exercise price of these options has been set at $0.80 and the options expire 2 years after the date of grant.

Amarillo Gold Corporation Closes Financing

Vanessa Bogaert — Fri, 31 Jul 2009 17:12:59 +0000

Amarillo Gold Corporation (the “Company”) announces the closing of the private placement announced on July 9 and July 20, 2009. The Company has issued a total of 4,327,142 shares at a price of $0.70, for total proceeds of $3,028,999.40. The shares will be subject to a hold period that will expire on November 29, 2009. A finders’ fee was paid on this transaction.

The proceeds from the private placement will be used for the exploration of the Company’s gold projects.

Amarillo Increases Non-Brokered Private Placement to $2.975 Million

Vanessa Bogaert — Mon, 20 Jul 2009 16:03:10 +0000

Vancouver, B.C., - Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that, in light of increased demand, it has increased the number of common shares of the Company to be sold in its non-brokered private placement financing from 3,000,000 to 4,250,000, at a price of $0.70 per share, for total proceeds of up to $2.975 million. The transaction remain subject to certain conditions, including but not limited to, the receipt of approval from the TSX Venture Exchange.

All currency references are to Canadian dollars. The proceeds will be directed towards further exploration and definition of our Brazilian gold projects, with a particular focus on continuing the drill testing at Lavras do Sul and comprehensive metallurgical testing to be carried out on the Posse deposit at Mara Rosa.

Amarillo Announces Non-Brokered Private Placement For Up To $2.1 million

Vanessa Bogaert — Fri, 10 Jul 2009 05:06:24 +0000

(TSX-V AGC) ("Amarillo" or the "Company") is pleased to announce is that, subject to regulatory approval, it intends to proceed with a non-brokered private placement financing (the "Private Placement") of up to 3,000,000 units (the "Units") of the Company at a price of $0.70 (seventy cents) per Unit for aggregate proceeds of up to $2.1 million. Each Unit will be comprised of one common share in the capital of the Company. Subject to certain conditions including, but not limited to, the receipt of the approval of the Toronto Stock Exchange.

Amarillo Gold announces new Chief Financial Officer

Vanessa Bogaert — Fri, 29 May 2009 20:59:08 +0000

Vancouver, B.C., May 29, 2008– Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), announces that Mr. Wayne Acton has stepped down as Chief Financial officer of the Company, Mr. Acton states his relocation to Costa Rica as amongst the reasons for his departure. The Company would like to take the opportunity to thank Mr. Acton for his contributions throughout his 3 years of service, and to wish him all the best in his future endeavors. Further to Mr. Acton’s resignation, The board of directors is also very pleased to announce that Waldemar Opalka will be assuming the role of Chief Financial Officer.

Amarillo intersects 50 m @ 1.82 g/t Au from surface at Lavras do Sul in Southern Brazil

Vanessa Bogaert — Wed, 22 Apr 2009 04:50:28 +0000

Vancouver, B.C., April 22, 2008– Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), is pleased to provide the following exploration update based on gold assays from the Butiá prospect at its Lavras do Sul project in southern Brazil. The Company has been systematically drill testing the prospect on a 50m grid, along sections aligned at nominal compass heading of 20° (true) and drilled at an angle of -60°. Five sections have now been completed with four to six holes on each. Additionally seven holes were drilled at right angles (110°) to these sections, the first at this orientation. Figure 1 - posted on our website and at the end of this news release - depicts the location of these drill holes along with the other holes completed to date. Additional figures numbered 2-6 depict the sections orientated at 20°, can also be found on our website.

Amarillo announces results of Posse orebody infill program, Mara Rosa project. Intersects 60 metres of 2.19g/t Au.

Vanessa Bogaert — Mon, 23 Mar 2009 21:32:10 +0000

March Tuesday 24th, Vancouver, B.C., - Amarillo Gold Corp. (TSX-V AGC) (“Amarillo” or the “Company”) is pleased to announce results from its drilling program of the Posse gold resource at its Mara Rosa project in the state of Goias in central Brazil. This series of 14 holes adds 3,292 metres of drilling to the 21,647m of drilling already completed at Posse to total 24,939 metres. The results of this drilling are summarized in the Table 1 below.

In March 2008 Amarillo announced a preliminary economic assessment on the deposit which indicated robust economics at gold prices better than $650/ounce. This drilling followed on from that work and was designed primarily to fill in 50 metre or greater gaps in the Posse ore block model below the $800/oz open pit shell developed from this scoping study. Positive results beneath this shell have the potential to widen the shell to incorporate these results next time the ore body is modeled, thus adding ounces to the resource. Other holes were targeted to infill data gaps within the shell, the best intersection being in hole MRP-0002 which intersected 60 metres (est. true width 42.4m) at 2.19 g/t Au. All of the 14 drill holes hit mineralization and the information gathered by this drilling will allow for more certainty in the next ore resource/reserve estimate.

Amarillo Announces and Completes Non-Brokered Private Placement for $1.7million

Vanessa Bogaert — Tue, 21 Oct 2008 17:00:00 +0000

Vancouver, B.C., - Amarillo Gold Corp. (TSX-V AGC) (“Amarillo” or the “Company”) announces a $1.7 million non-brokered private placement and is also pleased to announce the completion of said placement. The details of the placement are as follows. Subject to exchange approvals, the Company will issue 2,125,000 units (the "Units") at a price of $0.80 (eighty cents) per Unit for aggregate proceeds of $1.7 million. Each Unit is comprised of one common share in the capital of the Company and are subject to a hold period that will expire on 23rd February 2009.

Amarillo drills 88 m @ 1.83 g/t Au at Butiá, and 162m @ 0.70 g/t Au at Cerrito, Lavras do Sul.

Vanessa Bogaert — Wed, 20 Aug 2008 19:36:59 +0000

Vancouver, B.C., August 16, 2008 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), is pleased to provide the following exploration update based on gold assay results from the Butiá, Cerrito and Caneleira prospects at its Lavras do Sul project in southern Brazil. The results from Butiá demonstrate a further extension of the higher grade intense alkali alteration highlighted in the two most recent new releases. The Company also wishes to summarize recent work at Cerrito, where the known mineralization was confirmed and expanded, and at Caneleira, the site of a recently discovered gold zone.

Amarillo drills 120m @ 3.52 g/t Au at Butiá, Lavras do Sul, on 2nd step-out section.

Vanessa Bogaert — Tue, 15 Jul 2008 16:43:17 +0000

Vancouver, B.C., July 15th, 2008 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), is pleased to report on gold assay results from the next four holes from its Butiá prospect at its Lavras do Sul project in southern Brazil. Drill holes LDH-127, 128 and 129 are the first 3 of 6 drill holes from the next step-out cross section, 50 metres to the west of the drill results reported in our May 14th news release. The drill holes are collared 50 metres apart along this section and drilled at an azimuth of 10° and at a dip of -60°. LDH-126 is the last hole drilled along the section that was reported on May 14th.

Northern Miner Article, May 26 - June 1, 2008

Vanessa Bogaert — Tue, 24 Jun 2008 16:45:05 +0000

Click here to read about Amarillo Gold Corp., Northern Miner, May 26-June 1, 2008 publication.

AMARILLO SIGNS PROPERTY AGREEMENT WITH IAMGOLD ON ADJOINING LAVRAS DO SUL EXPLORATION PERMITS

Vanessa Bogaert — Fri, 23 May 2008 18:02:00 +0000

Vancouver, B.C., May 23, 2008- Amarillo Gold Corp. (TSX-V AGC) (“Amarillo” or the “Company”) has signed a Heads of Agreement with IAMGOLD Corporation (TSX:IMG and NYSE:IAG) (“IAMGOLD” ), whereby Amarillo has the right to acquire a 70-per-cent interest in eight licence areas which have a cumulative net area of approximate 7,000 hectares (the “Property”) and which are contiguous with the Company's current Lavras do Sul project (19,000 hectares) in the southern Brazil state of Rio Grande do Sul.

Amarillo drills 206m @ 2.16 g/t Au on Butiá step-out section, Lavras do Sul

Vanessa Bogaert — Wed, 14 May 2008 17:00:00 +0000

Vancouver, B.C., May 14, 2008 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), is pleased to report on gold assay results from the first 4 holes of a 5 hole step-out section being drilled on its Butiá prospect at its Lavras do Sul project in southern Brazil. Extensive intersections of higher grade gold mineralization were reported in all holes.

Highlights include:

Drill hole LDH-122 included 206 metres averaging 2.16 grams per tonne (g/t) Au from 73 metres and 29 metres @ 4.92 g/t Au from 107m.
Drill hole LDH-123 intersected 227 metres averaging 1.84 g/t Au from 80 to 307 metres, including 22 metres @ 8.26 g/t Au from 147m.
Drill hole LDH-124 intersected 26.5 metres averaging 2.50 g/t Au from 36.5 to 63 metres.
Drill hole LDH-125 intersected 54 metres averaging 1.36 g/t Au from 37 to 91 metres.

Amarillo provides update on Mara Rosa Exploration drill testing commences, Goias State Brazil

Vanessa Bogaert — Thu, 10 Apr 2008 05:00:00 +0000

Vancouver, B.C., April 9, 2008, – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) has commenced exploration drilling on its Mara Rosa project in Goias state, Brazil. The drill will initially target two prospects developed over 2007. One is called Lambari the other is named Grid A.

The Lambari prospect lies 3km to the east of the Posse Deposit. Interest in the area was first derived from anomalous gold results (700 ppb Au) in BLEG (bulk leach extractable gold) sampling in the streams and from the occurrence of several garimpo’s that were worked up to the early 1990’s. Subsequently the company has completed geological mapping and took 2,200 soil samples covering a grid of 20 sq. km. This work highlighted four linear trends 50 to 150m wide up to 1.5km long of anomalous gold in the soils. Five trenches where completed in to the soil anomalies and cumulatively they measured 1.4 kilometers long. Thirty-six auger holes where completed near the João Lemos garimpo. The trenching revealed grab values of up to 7.0 g/t with channel samples carrying 12m of 0.78 g/t Au with 3.3m of 2.2 g/t Au hosted in a quartz sericite schist with qtz veins stringers. The quartz sercite schists are part of a metavolcanic, sedimentary package that dips steeply (55 degrees to 80 degrees) to the west, striking ENE. The drilling will test for down dip mineralization beneath these trenches and soil anomalies.