Amarillo Gold Corp.

Published : April 17th, 2007

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

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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:// or at Marifil's Website (Http://

Contacts: John Hite, President (509) 467-5200
Greg Taylor, Investor Relations, 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.

ISIN : CA02301T1084
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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.

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4/11/2011Buddy Doyle Leads Amarillo Gold - Northern Miner
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4/17/2007Assay Results From Marifil'S Amarillo Norte Gold Property --...
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