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Politics : Gold and Silver Stocks and Related Commentary

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From: loantech	3/2/2005 7:50:35 PM
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Yahoo, Amarillo news with a drill program!: Amarillo Gold Corp Symbol AGC.H Shares Issued 10,343,133 Close 2005-03-02 C$ 0.295 Recent Sedar Documents Amarillo Gold buys San Antonio option in Brazil 2005-03-02 16:18 ET - Property Agreement The TSX Venture Exchange has accepted for filing documentation relating to an arm's-length option agreement dated March 19, 2004, between the company and Phelps Dodge Do Brasil Mineracao Ltda. whereby the company may acquire up to a 100-per-cent interest in the San Antonio property in Goias state, Brazil. The company must pay Phelps Dodge $5,000 (U.S.) and spend approximately $130,000 on a 400-metre drill program by March 19, 2005. A 50-per-cent interest may be earned by completing a 1,000-metre drill program in the first year and incurring $250,000 (U.S.) in exploration during the second year. A 70-per-cent interest may be earned by incurring $250,000 (U.S.) in exploration in the third year. A 100-per-cent interest may be earned by incurring $250,000 (U.S.) in each of the fourth and fifth years and presenting a bankable feasibility study by the end of the sixth year. Phelps Dodge will retain a 2-per-cent net smelter return royalty. No shares are being issued. No insiders or pro groups participated News on Stockwath.

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