Amarillo Gold Corp.

Amarillo Gold Corp. is pleased to announce that it has filed on SEDAR the Pre-Feasibility Study update on the Company’s flagship Mara Rosa Project. The highlights of this updated study titled “Technical Update on the Posse Gold Project, Brazil, September 2018” were reported in our press release on September 12, 2018. The Company is also pleased to announce that all resolutions presented at the [...]

Amarillo Gold Corp. is pleased to announce results of the updated Pre-Feasibility Study for the Posse gold deposit at its 100% owned Mara Rosa Project . Highlights: After tax internal rate of return of 51% at US$1,300/oz gold After tax net present value of US$244 million at US$1,300/oz Au and a USD/BRL exchange rate of 3.60 After tax project payback of 2.6 years at US$1,300/oz Au Average annual gold production [...]

Amarillo Gold Corp. is pleased to announce drilling results from its first 11 holes of the planned 10,000 m drill program on its flagship Mara Rosa Project which commenced on May 23, 2018. Highlights: 1.57 Au g/t over 18 metres from 214 to 231¹ metres in Hole 18P047 1.57 Au g/t over 10 metres from 206 to 216 metres in Hole 18P056 1.29 Au g/t over 13 metres from 189 to 202 metres in Hole 18P057 ¹Drill core [...]

Completed a private placement of CAD$5.2M in early Q2 2018 Completed the sale of an NSR royalty to Royal Gold for USD $10.8M Completed the repayment in early Q3 2018 of the USD $8.5M gold linked credit facility Settled CAD $1.2M of payables by issuing shares in early Q3 2018 Appointed Marc Ducharme as Chief Exploration Geologist Commenced a 10,000m drill program on the flagship Mara Rosa Project Assay results on 4 [...]

Amarillo Gold Corp.’s Annual General and Special Meeting of Shareholders will be held on Wednesday September 12, 2018 at 10:00 AM E.T. at the offices of Miller Thompson LLP, Scotia Plaza, 40 King Street West, Suite 5800, Toronto, Ontario. ABOUT AMARILLO Amarillo is developing an economic, open pit gold resource at its Mara Rosa Project in the mining friendly jurisdiction of Goias State in Brazil. An Updated [...]

Amarillo Gold Corp. is pleased to report that it has completed six previously-announced shares for debt transactions whereby the Company issued an aggregate of 4,177,888 common shares at a deemed price of $0.28 per share in settlement of CAD$1.2M in payables owing to certain arm’s length and non-arm’s length parties. The Shares for Debt Transactions were undertaken by Amarillo with a view towards [...]

Amarillo Gold today announces that its common shares have been approved for trading on the OTCQB® Venture Market in the United States under the symbol AGCBF. The Company’s common shares will continue to trade under the symbol AGC on the TSX Venture Exchange. There is no action required by current shareholders as a result of this change. ABOUT AMARILLO Amarillo is developing an economic, open pit gold [...]

TORONTO, July 27, 2018 -- Amarillo Gold Corp. today announces the full repayment of the gold linked credit facility for USD$8.5M through a combination of USD$7.4M in cash and USD$1.1M in new equity. The Company’s intention to repay the Gold Loan was previously announced in the Company’s news release dated July 24, 2018. Pursuant to the full repayment of the Gold Loan, the Company issued an aggregate of [...]

TORONTO, July 24, 2018 -- Amarillo Gold Corp. is pleased to announce that it intends to: fully repay the gold linked credit facility for USD$8.5M through a combination of USD$7.4M in cash and USD$1.1M in new equity; and settle an aggregate amount of CAD$1.2M in payables owing to certain arm’s length and non-arm’s length parties . Pursuant to the full repayment of the Gold Loan and the completion of the [...]

TORONTO, July 03, 2018 -- Amarillo Gold Corp. is pleased to report that it has completed the previously-announced sale of a perpetual 1.75% Net Smelter Return Royalty on the Mara Rosa gold project to RG Royalties, LLC, a wholly-owned subsidiary of Royal Gold Inc. , for USD $10.8 million . The proceeds of the sale are expected to be used to repay a portion of the gold-linked credit facility that the Company entered [...]