Amarillo Announces Drilling Results Update at Mara Rosa |
Montag, 10. September 2018 13:00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (“Amarillo” or the “Company”) (TSX.V: AGC; OTCQB: AGCBF) is pleased to announce drilling results from its first 11 holes of the planned 10,000 m drill program on its flagship Mara Rosa Project which commenced on May 23, 2018. Highlights:
In May 2018, the Company commenced a 10,000m drill program at Mara Rosa which included 7,000m of core drilling and 3,000 m of RC drilling designed to convert the existing 310K ounces from inferred resources to indicated resources and to explore additional targets along the 12km long Posse trend. A total of 2,617m 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 ore body. "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, CEO of Amarillo Gold. "We are now working on 16 additional drill holes downdip in the south end of the pit after which we will move the drills to the southwest for 4 planned step-out drill holes in the fall."
ABOUT AMARILLO 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. For further information, please contact:
82 Richmond St. East Website: www.amarillogold.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING STATEMENTS: This news release contains Forward Looking Statements regarding the Company’s current expectations regarding future events, including with respect to the Company’s business, operations and condition, management’s objectives, strategies, beliefs and intentions. Various factors may prevent or delay our plans, including but not limited to, the trading price of the Common Shares, certain lenders not advancing funds as required, contractor availability and performance, weather, access, mineral prices, and success and failure of the exploration and development carried out at various stages of the program. Permission from the Government and community is also required to proceed with future mining production. Readers should review the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. Readers should also review the risk factors applicable to junior mining exploration companies generally to better understand the variety of risks that can affect the Company. The Company undertakes no obligation to update publicly or otherwise revise any Forward Looking Statements whether as a result of new information or future events or otherwise, except as me be required by law.
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