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Gold/Mining/Energy : Amarillo Gold

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To: charred who started this subject	1/12/2004 2:38:28 PM
From: loantech	Read Replies (2) of 85

Adding Amarillo some stuff from their web site. www.amarillogold.com Amarillo has a lot of upside potential from here and it is in more mining friendly area. IE, Brazil vs Argentina. One man's ceiling is another man's floor: <Metallica estimated a resource from 19,000 meters of drilling of 12.8 million tons @ 1.8 g/t Au for 730,000 Oz. This is down to a depth of 350 meters. A 2.6 kilometer anomalous zone of gold defined by soil sampling and geophysics occurs along strike from Posse. A number of drill ready targets are reported from this zone. There is a strong possibility of increasing the resource at Posse by the discovery of one or more steep shoots of mineralisation along this north east trend or extension. Current grades of 1.8 g/t Au are close to economic for an open pit mine at Posse. The size of the resource needs to be increased to approximately 15 million tons of potentially mine able material> Already been drilled so that is great. Metallica has their hands full on their one or two flagship properties. <The mineralisation at the Posse Mine strikes north east. Soil sampling has defined a gold in soil anomaly 2.6 kilometers long and up to 100 meters wide, which extends north east of the open pits. This defines the continuation of the mineralized horizon. Ground Geophysics IP and Magnetics has located several good targets within this zone. These have not been drill tested and offer drill targets ,which could add quickly to the resource at Posse.> <There is a good chance that this barite mineralisation is infact related to the same mineralizing event which formed Posse and not VMS in style. This leads to speculation that Hemlo style mineralisation may occur within the area ( V.J Wall, consultant to Amarillo).> <gggg> Who knows?? LOL. This will be an easier AQI and there are less shares out so I see $2.00 bucks from here.

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