Mr. Mike Mutchler reports
AMARILLO ANNOUNCES DRILLING RESULTS UPDATE AT MARA ROSA
Amarillo Gold Corp. has provided drilling results from its first 11 holes of the planned 10,000-metre drill program on its flagship Mara Rosa project which commenced on May 23, 2018.
Highlights
1.57 grams per tonne gold over 18 metres from 214 to 231 (1) metres in hole 18P047; 1.57 g/t Au over 10 metres from 206 to 216 metres in hole 18P056; 1.29 g/t Au over 13 metres from 189 to 202 metres in hole 18P057.
(1) Drill core lengths and true widths are indicated in the attached table.
In May, 2018, the company commenced a 10,000 m drill program at Mara Rosa which included 7,000 m of core drilling and 3,000 m of reverse circulation drilling designed to convert the existing 310,000 ounces from inferred resources to indicated resources and to explore additional targets along the 12-kilometre-long Posse trend. A total of 2,617 m from 11 diamond drill holes have been completed to date using three drills. Drilling focused on the northeast end of the pit which has previously been identified as the low strip, shallow end of the orebody. "These infill drill results confirm the gold deposit grade continuity and thickness and are expected to contribute positive economic ounces to our indicated resources," said Mike Mutchler, chief executive officer of Amarillo Gold. "We are now working on 16 additional drill holes down dip in the south end of the pit after which we will move the drills to the southwest for four planned stepout drill holes in the fall."
DRILL HOLE ASSAY RESULTSDrill holeFrom (m) To (m) Core Length (m) True width (m)Grade Au (g/t)18P047194205119.90.5618P04721323118 17.41.5718P048176178 21.72.2918P04820121514 12.90.9718P04919620913 11.20.5718P050189201128.60.4818P051218222 43.70.9818P052191202117.90.5718P052206212 65.71.3318P053199.5205.5 64.60.7018P054160164 43.30.4418P055180190108.60.6618P055208210 21.91.6618P056206216108.21.5718P057189202139.81.2918P057213221 84.50.8118P057231233 21.40.81NotesSamples of split NQ size core, sampled at one m intervals, assayed by fire assay at ALS Laboratories an ISO registered laboratory.Blank, repeat assays and standards were used and all returned results within compliance.Gold intervals calculated using a 0.35 g/t cut-off. Intervals of up to five m below cut-off included for continuity. Assays greater than 10 g/t cut to 10 g/t. Grades quoted to two decimal places.Samples followed a chain of custody protocol.
AboutAmarillo Gold Corp.
Amarillo is developing an open-pit gold resource at its Mara Rosa project in the mining-friendly jurisdiction of Goias state in Brazil. An updated prefeasibility study (National Instrument 43-101 technical report) for the Mara Rosa project was filed on SEDAR on May 4, 2017. The Mara Rosa project was awarded its main (LP) permit which provides the social and environment permission to mine. Amarillo is progressing toward obtaining an installation permit (LI).
Mike Mutchler, president and chief executive officer of the company, is a qualified person as defined by NI 43-101 guidelines, and has reviewed and approved the scientific and technical disclosure in this news release.
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