Amarillo Gold Corp.

Published : April 17th, 2007

Assay Results From Marifil'S Amarillo Norte Gold Property ...

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Argentina | Diamond | Gold | Silica | Silver |

Tuesday, April 17, 2007


Correction: Assay Results From Marifil'S Amarillo Norte Gold Property - Not Avestruces


Spokane, WA -- April 17, 2007: MARIFIL MINES LTD. (MFM: TSX-V) ("Marifil" or "the Company") notes that in its press release of April 11, 2007, the Company inadvertently reported assay results as coming from the newly acquired Avestruces property. While the results were accurate, they were, in fact, from the Amarillo Norte property (See Marifil News Release of January 31, 2007.)

The 3,000 hectare Amarillo Norte property in San Juan Province, Argentina, lies within the prolific El Indio-Veladero Gold Belt about six kilometers north of Marifil's Amarillo property, which is the subject of a joint-venture agreement with ATW Venture Corp. (see Marifil & ATW news release of December 12, 2006).

Amarillo Norte Results: Strongly anomalous amounts of gold up to 1.5 g/t are present in Bulk Leach Extractable Gold (BLEG) samples. BLEG sampling is used as an important screening tool to identify broad target areas and the Company is highly encouraged by these strongly anomalous gold samples."

Based upon these findings, Marifil is arranging with a geologic consulting group to make a comprehensive new mapping and sampling program for Amarillo Norte.

Avestruces Property: On April 11, 2007, the Company announced that it had signed a definitive agreement to acquire 100% of this property in San Juan Province, Argentina from a private Argentinean claim owner. Avestruces is Marifil's third gold property within the world famous El Indio-Veladero gold belt, host of Barrick Gold's vast Pascua-Lama and Veladero deposits. Avestruces comprises about 7,485 hectares, lies at an elevation of 3,000 meters MSL, and is located about 135 kilometers northwest of San Juan City.

As noted in the Company's prior news release, the Avestruces property is marked by 10 square kilometers of hydrothermally altered rock including steam heated alteration marked by vuggy silica, native sulfur, and alunite; a massive silica area with pervasive replacement of wallrocks by silica; and a large argillic halo.

Avestruces is located about 75 kilometers south of Marifil's Amarillo gold property where ATW (ATW: TSX-V) is engaged in a Diamond core drilling program under terms of a joint venture agreement with Marifil (See Marifil News Release of December 12, 2006).

The Company is planning to carry out a detailed mapping and sampling program this year.

Marifil Mines (MFM: TSX-V) is a Canadian resource exploration company with an aggressive strategy, focused on exploring for precious and base metals in Argentina, home of some of the world's most prolific recent discoveries. The Company has built an impressive portfolio of approximately 20 properties, including several showing bonanza grade gold and silver values. Other properties contain bulk tonnage precious and base metal targets.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Executive Vice President, under whose directions the exploration program will be being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

Forward-Looking Statements:
This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

Contacts: John Hite, President (509) 467-5200
Greg Taylor, Investor Relations, gtaylor@marifilmines.com Toronto area (905) 337-8475
Data and Statistics for these countries : Argentina | All
Gold and Silver Prices for these countries : Argentina | All

Amarillo Gold Corp.

EXPLORATION STAGE
CODE : AGC.V
ISIN : CA02301T1084
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Amarillo Gold is a gold exploration company based in Canada.

Amarillo Gold holds various exploration projects in Brazil.

Its main exploration properties are MARA ROSA, SAN ANTONIO, OUROLANDIA and LAVRAS DO SUL in Brazil.

Amarillo Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 19.7 millions as of today (US$ 15.9 millions, € 13.7 millions).

Its stock quote reached its highest recent level on December 24, 2010 at CA$ 1.90, and its lowest recent point on December 24, 2015 at CA$ 0.04.

Amarillo Gold has 80 250 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Amarillo Gold Corp.
2007 Annual Report
Financings of Amarillo Gold Corp.
4/14/2011ANNOUNCES $10 MILLION PRIVATE PLACEMENT
Option Grants of Amarillo Gold Corp.
7/18/2011Shareholders Approve Rights Plan; Company Grants Options
Project news of Amarillo Gold Corp.
4/29/2013(Mara Rosa)Mara Rosa Project: New Geotechnical Study Allows for Steeper...
10/11/2012(Mara Rosa)Receives Further Positive Metallurgical Results at the Mara ...
9/13/2011(Mara Rosa)Upgrades Mara Rosa Resource to Measured + Indicated 1.17 Mil...
6/29/2011(Mara Rosa)Reports Final 12 Definition Drill Holes at Mara Rosa Gold Pr...
4/8/2011(Mara Rosa)Completes Definition Drilling at Mara Rosa Gold Project
2/1/2011(Mara Rosa)Drills 35.7 m (True Width) of 2.67 g/t Au in First Results f...
5/28/2007Releases Drilling and Assaying Update from its Lavras do Sul...
Corporate news of Amarillo Gold Corp.
1/18/2016Public Hearing for the Environmental Permitting of the Posse...
1/18/2016Public Hearing for the Environmental Permitting of the Posse...
7/14/2015Amarillo Appoints Araõ Portugal to Expedite Permitting
7/14/2015Amarillo Appoints Arao Portugal to Expedite Permitting
10/8/2014Amarillo Gold Welcomes New Chief Financial Officer
8/18/2014Amarillo Gold Announces Gold-linked Credit Facility
7/15/2014Amarillo Gold Signs a Protocol With the State of Goias and t...
2/19/2013Drills 19 Metres at 2.47 g/t Au at Saddle Zone in Proposed P...
9/12/2012Closes Non-Brokered Private Placement for $4.1 Million in Pr...
9/19/2011Dale Mah comments on Amarillo Gold Corp. in Gold Report Inte...
9/9/2011Upcoming Conferences
6/17/2011Implements Shareholder Rights Plan
5/26/2011Follow Up (Mackie Research)
5/24/2011Receives Pre-Feasibility Metallurgical Report, Defining Gold...
5/4/2011Closes $10 Million Brokered Private Placement
4/29/2011Closes First Tranche of Brokered Private Placement for $8.4 ...
4/11/2011Buddy Doyle Leads Amarillo Gold - Northern Miner
3/3/2011Drills 17 Metres of 3.17 G/T Au in 2nd Round of Results From...
8/20/2008drills 88 m @ 1.83 g/t Au at Butiá, and 162m @ 0.70 g/t Au a...
4/17/2007Assay Results From Marifil'S Amarillo Norte Gold Property --...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (AGC.V)Other OTC (AGCBF)
0.245-2.00%0.200-4.76%
TSX-V
CA$ 0.245
10/19 14:31 -0.010
-2%
Prev close Open
0.250 0.250
Low High
0.240 0.260
Year l/h YTD var.
0.215 -  0.355 -20.97%
52 week l/h 52 week var.
0.215 -  0.360 -31.94%
Volume 1 month var.
113,102 -7.55%
24hGold TrendPower© : 1
Produces
Develops
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2021-20.97%0.370.25
202055.00%0.420.10
2019-25.93%0.310.16
2018-12.90%0.350.19
2017-6.06%0.450.25
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.43-0.13%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.52-0.79%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.31+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.13+0.00%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.04+0.00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 4.09-0.49%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.98+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.48+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+5.13%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 3.01+3.79%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 41.69+2.89%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.23%Trend Power :