Amarillo Gold Corporation, a development stage company, engages in the acquisition and exploration of gold properties primarily in Brazil. Properties The company has two key projects, the Mara Rosa project in Goias state and the Lavras do Sul project in the state of Rio Grande do Sul, as well as early development projects in Goias referred to as Ourolandia and Santo Antonio. Mara Rosa Property The Mara Rosa project is located 320 kilometers northwest of the national capital of Brasilia, Brazil. The project is a neo-proterozoic greenstone belt shear hosted meso-thermal gold mineralized system located near the village of Mara Rosa in the State of Goias. The company consolidated and expanded its land position at Mara Rosa through agreements entered into with Horizonte Minerals Plc and Crusader Minerals NL. The Horizonte agreement relates to a 1,000 hectare block to the south of the Posse gold deposit, along the same structural trend. Under the Horizonte agreement, the company can earn a 60% interest in the property. The Crusader agreement relates to 4,560 hectares contiguous with the company's holdings at Mara Rosa. Under this agreement, the company has the right to acquire a 70% interest in 4 exploration permits. The company’s land holdings at Mara Rosa total 76,049 hectares. Lavras do Sul Property The company has acquired an option on the Lavras project. The Lavras project area covers a total of 8,900 hectares and is located in the state of Rio Grande do Sul, approximately 320 kilometers by paved road southwest of the state capital Porto Alegre. In 2008, the company has signed an agreement with IAMGOLD Corporation where by the company has the right to acquire a 70% interest in 8 license areas which have a cumulative net area of approximate 7,000 hectares and which are contiguous with the company's Lavras do Sul project (9,000 hectares) in the southern Brazil state of Rio Grande do Sul. Santo Antonio Property The company's second area of exploration focus in Goias State is centered on the Santo Antonio River, 50 kilometers east of the municipality of Minacu. The company has properties totaling 30,000 hectares in the district. Ourolandia Property The company has acquired priority exploration rights over approximately 550 square kilometers of land in central-west Goias state. The project area consists of 23,989 hectares of exploration licenses granted by the Brazilian Mines Department and 31,780 hectares under priority application.
amarillo gold corp
(72A:German Stock Exchange)
701 West Georgia Street
Vancouver, BC V7Y 1C6
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