Amarillo Gold (AGC.V) Message Board

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Gold/Mining/Energy : Amarillo Gold (AGC.V)

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From: TheSlowLane	9/20/2011 6:18:58 AM
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Dale Mah's Comments: "The other [Brazilian company I cover] is Amarillo Gold Corp. It recently announced a resource update where it converted almost all of its inferred resource to the measured and indicated category. It now stands at 1.33 Moz., an increase of 11% overall, with 1.17 Moz. M+I, which is 88% of the total. Amarillo Gold also improved the overall grade, from 1.51 g/t to 1.72 g/t. The Mara Rosa Project is in the prefeasibility stage, has good infrastructure and could be built for just over US$110M. In my model, this would be paid back in year 1 of a 12-year mine life. The company has good exploration potential along trend and at the Lavras do Sul Project in southern Brazil. http://www.theaureport.com/pub/na/10915

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