Amarillo Gold Corporation (TSX-V:AGC, OTCQB:AGCBF, FRA:72A) has announced results from 15 new drill holes on its Mara Rosa property in Goiás State, Brazil, including a new primary gold deposit.
The company said Pastinho is no longer a drill target but a full-fledged satellite deposit. Located 3.5 kilometres (km) northeast of Amarillo’s flagship Posse Gold Deposit, the Pastinho Deposit is a near-surface tabular-shaped deposit striking 1,700 metres (m) in a northeast-southwest direction that dips approximately 60 degrees northwest.
Amarillo said it is expanding its overall diamond drill program at Mara Rosa by 3,000m to follow up on the gold mineralization at Pastinho, which remains open along strike and down dip.
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“We are very pleased with the drill results coming out of the 2021 exploration program at Pastinho,” said Amarillo CEO Mike Mutchler in a statement. “We have defined near-surface gold mineralization over potentially mineable widths for a strike length of 1.7 kilometres and to depths of more than 100 metres. We are optimistic that with further work Pastinho will develop into a source of future ore feed for the Posse mill.”
Pastinho drilling highlights included:
- 3,767m of diamond drilling consisting of 23 holes has been completed
- Remarkably, all 15 drill holes received to date intersected elevated gold values, demonstrating the notable consistency of the Pastinho Gold Deposit
- Assay results have been received for 15 holes spanning a strike length of 1,200m from section line 14.00 to section line 38.00
- Partial drilling results from drill hole 21PTN017 collared on section 38.00 returned 7m grading 0.9 grams per ton (g/t) gold. This hole was the most north-easterly collared hole of the program and extends known gold mineralization by 250m of strike length to the northeast where the deposit remains open
- Drillhole 21PTN016 returned 6m grading 1.57 g/t gold from 42m on Section Line 24.00, demonstrating that higher relative gold grades over good thickness exist within the Pastinho Deposit
- Several drill holes have encountered multiple parallel gold zones and more work is required to better understand the nature and extent of these parallel gold-bearing structures: 21PTN009 intersected 7m grading 0.89 g/t gold from 35m; 1m grading 3.430 g/t gold from 51m; and 7.50m grading 0.93 g/t gold from 67.50m
- Pastinho remains open along strike and at depth
- A follow-up 3,000m drilling program will continue testing the downdip and strike extension of Pastinho
Amarillo said the goal of the 2021 drilling program is to confirm that primary gold mineralization occurs below the surface trace of the gold-bearing surface trenches, test the strike extent of the deposit to the northeast, and look for a higher-grade and potentially thicker zone of mineralization.
Drill holes were collared in the hanging wall of the deposit and drilled perpendicular to the interpreted northwest dip plane of the tabular structure. The azimuths of the drill holes were oriented southeast and inclined usually at an angle of 60 degrees. Generally, holes were collared every 50m targeting vertical depths of 50m to 100m along the strike length of the gold deposit.
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