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TSX-V:AGC OTCQB:AGCBF

Amarillo Gold Corporation

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In brief

Amarillo Gold Corp is advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil. The development stage Posse Gold Project is on the company’s Mara Rosa Property in Goiás State. It has a positive definitive feasibility study that shows it can be built into a profitable operation with low costs and a strong financial return. Mara Rosa also shows the potential for discovering additional near-surface deposits that will extend Posse’s mine life beyond its initial 10 years. The exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 22 prospects centered on historic gold workings.

Snapshot

  • Amarillo Gold says its acquisition by a subsidiary of Hochschild Mining and the spin-out of Lavras Gold is expected to occur on April 1, 2022
  • Amarillo Gold to be acquired by Hochschild Mining PLC