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Resource Clips


Posts tagged ‘Amarillo Gold Corporation (AGC)’

They know the drill

February 19th, 2013

Premium Exploration and Amarillo Gold report assays from Idaho and Brazil

by Greg Klein

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Assays from a single infill hole continued Premium Exploration’s TSXV:PEM findings of long mineralized intervals at the Idaho gold project’s Friday zone. Results released February 19 show:

  • 0.57 grams per tonne gold over 304.8 metres
  • (including 1.11 g/t over 111.25 metres).

True width is estimated at 75%. No bottom cutoff or topcut were applied. The interval started at surface.

The assays “appear to be consistent with the resource and previously released core holes drilled in this area,” Premium stated. But this hole was drilled with a reverse circulation rig to determine whether lower-cost RC work could replace diamond drilling. Still pending is a QA/QC analysis to compare results with previous holes. Then the company will decide which equipment to use for the rest of the infill program.

Premium Exploration and Amarillo Gold report assays from Idaho and Brazil

Premium geologists log core from the Friday zone
of the company’s Idaho gold project.

The hole was drilled at a -60 degree dip from the same collar that was previously drilled in the same direction at -70, producing these results released in January 2010:

  • 0.8 g/t gold over 370.9 metres
  • (including 1.5 g/t over 134.3 metres)
  • (including 2.5 g/t over 47.3 metres).

The Friday-Petsite deposit has a May 2012 resource estimate using a 0.4 g/t cutoff to show:

  • an indicated category of 21.5 million tonnes averaging 0.91 g/t gold for 629,000 gold ounces
  • an inferred category of 5.9 million tonnes averaging 0.77 g/t for 146,000 ounces.

The near-surface resource could be amenable to open pit mining and features sulphide mineralization, Premium states. Last winter’s program drilled about 8,000 metres within the one-kilometre resource as well as along strike, with hopes of expanding the pit to 1.7 kilometres.

Two other zones on the 18,000-hectare project have non-compliant resources. Using a 0.4 g/t cutoff, the Buffalo Gulch deposit’s historic, non-43-101 resource shows:

  • an indicated category of 4.8 million tonnes averaging 0.8 g/t for 111,000 ounces.

Also using a 0.4 g/t cutoff, the Deadwood deposit’s historic, non-43-101 resource shows:

  • an indicated category of 1.6 million tonnes averaging 0.75 g/t for 39,000 ounces
  • an inferred category of 700,000 tonnes averaging 0.75 g/t for 18,000 ounces.

Both Buffalo Gulch and Deadwood have expansion potential along strike and at depth, according to Premium.

In December the company announced that a ground-based IP survey had identified a new target at the X zone with characteristics “similar to those associated with the three known deposits.” That marks the project’s 12th target, most of which have yet to be drilled.

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Amarillo reports Brazil Gold Assays including 0.94 g/t over 78m

March 28th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAmarillo Gold Corporation TSXV:AGC announced assays from its Lavras do Sul gold project in southern Brazil. Results include

3.38 g/t gold over 3 metres
5.08 g/t over 2 metres
5.96 g/t over 2 metres
1.29 g/t over 8 metres
0.74 g/t over 19 metres
0.92 g/t over 28 metres
1.22 g/t over 20 metres (including 10.36 g/t over 1 metre)
0.79 g/t over 21.9 metres (including 6.97 g/t over 1 metre)
1.34 g/t over 20 metres
0.96 g/t over 12.5 metres (including 9.59 g/t over 1 metre)
0.47 g/t over 57 metres
0.49 g/t over 102 metres
2.47 g/t over 7.5 metres (including 14.03 g/t over 1 metre)
0.84 g/t over 26 metres
0.94 g/t over 78 metres (including 11.91 g/t over 2 metres)

President/CEO Buddy Doyle remarked, “The Lavras do Sul project is comprised of more than 19 prospects centred on old gold workings or geochemical anomalies over a 12 kilometre by 7 kilometre area. Amarillo’s plan is to systematically drill test each of these prospects; the Butia and Cerrito prospects are the first two to be systematically drilled. The company’s strategy is to establish sufficient resources in a series of different prospects to justify the construction of a central processing plant. The discovery of the extra gold zones at Cerrito is great news and a resource estimate is planned for Cerrito once further drilling is completed in order to obtain a better understanding of the full dimension and grade of all of the mineralized zones.”

View Company Profile

Contact:
Amarillo Gold Corp
604.689.1799

by Ted Niles

Amarillo reports Brazil Gold Assays including 1.91 g/t over 48m

April 8th, 2011

Amarillo Gold Corporation TSXV:AGC announced drill results from its Mara Rosa Project in Goias State, Brazil. Highlights include 1.69 g/t gold over 28 metres, 1.36 g/t over 39 metres, 1.91 g/t over 53 metres (including 6.36 g/t over 7 metres), 1.03 g/t over 23 metres and 2.1 g/t over 34 metres.

The Posse Deposit of the Mara Rosa Project has a mineral resource estimate of 623,000 ounces gold indicated and 451,000 ounces inferred.

View Company Profile

Contact:
Amarillo Gold Corp
604.689.1799

by Ted Niles

Amarillo reports Brazil Gold Assays up to 2.05 g/t over 24m

March 4th, 2011

Amarillo Gold Corporation TSXV:AGC announced assays from its Mara Rosa Gold Project in Brazil. Highlights include 1.29 g/t gold over 4.7 metres, 0.82 g/t over 27.3 metres, 1.08 g/t over 26.3 metres, 1.47 g/t over 25.4 metres, 3.17 g/t over 16.4 metres, 2.05 g/t over 23.2 metres, 1.22 g/t over 42.3 metres, 0.99 g/t over 12.2 metres and 1.65 g/t over 41.3 metres.

The Posse Deposit of the Mara Rosa Project has a mineral resource estimate of 623,000 ounces gold indicated and 451,000 ounces inferred.

View Company Profile

Contact:
Amarillo Gold Corp
604.689.1799

by Ted Niles

Amarillo reports Brazil Gold Assays up to 2.67 over 37m

February 1st, 2011

Amarillo Gold Corporation TSXV:AGC announced assay results from the Posse Gold Deposit of its Mara Rosa Project in Goias State, Brazil. Highlights include 0.82 g/t gold over 5 metres, 0.74 g/t over 5 metres, 1.15 g/t over 21 metres, 1.18 g/t over 27 metres, 2.67 g/t over 37 metres, 1.11 g/t over 39 metres and 0.79 g/t over 10 metres.

The Posse Deposit has a mineral resource estimate of 650,000 ounces gold indicated, 471,000 ounces gold inferred. The Mara Rosa project is in the economic evaluation stage.

View Company Profile

Contact:
Amarillo Gold Corp
604.689.1799

by Ted Niles