Amarillo Gold Corp. (TSX VENTURE:AGC) has announced results from the current resource definition drilling program of the Posse gold deposit at its Mara Rosa project in Goias state.
These six drill holes represent the first 1251m of drilling of the planned 7000m, (34 hole) infill drilling program, which is designed to upgrade existing inferred resources to the indicated and measured categories. This work is an integral part of the pre-feasibility study (PFS) currently underway.
The results are as expected when compared to the current resource model.
Drill holes MPR0034, MPR0033 are currently in progress with one rig moving to MPR0036, 20 holes have been completed in the program to date with a total of 4890m drilled. Several holes are at the laboratory awaiting assay.
The qualified person for this report as per the NI 43-101 guidelines is Buddy Doyle, B. App. Sc. Member AUSIMM, a geologist of 30 years experience.
Source: Amarillo Gold Corp.