Welcome!

News Feed Item

Amarillo Gold Provides Update on Mara Rosa Project Permitting Process

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/28/14 -- Amarillo Gold Corp. (TSX VENTURE: AGC) ("Amarillo" or the "Company") is pleased to deliver the following update on the permitting process at the Mara Rosa Project, Goias state.

In May 2012, Amarillo filed an application for a preliminary license for permit to mine on the Mara Rosa project. (See News Release dated June 4th 2012). Since that time the Licensing process has been put on hold, whilst a review of the impact of the historic mining activity at the Posse Deposit, was carried out. (see MD & A Q1 2013). The review was instigated in response to request from the Ministerio Publico ("MP" or Justice Department).

The company is now pleased to report that it has delivered the preliminary IPA report, (IPA:- Investigacao de Passivo Ambiental - Investigation into Environmental Damage) to the respective authorities. The IPA report is the result of 18 months of monitoring and measuring the quality of the surface and ground waters in the catchment around the Posse deposit, soil sampling, and monitoring the aquatic biota.

It is the opinion of the company and it's environmental consultant, that the work in the IPA report shows no lasting environmental effect from the past mining work. The company now expects the permitting process to move ahead once the authorities have had time to review.

The company has applied applied for a preliminary license ("LP"). In Brazil mine permitting is governed and administered by each state, however the States tend to keep the same standards so the process is very similar throughout Brazil. The process has three stages, the preliminary license ("LP,"), the installation license ("LI"), and finally the license to operate ("LO"). The application for an LP is accompanied by an Environmental base-line report called the EIA ( Estudo de Impacto Ambiental which translates to Environmental Impact Statement) and an environmental mitigation report, or RIMA ( Relatorio de Impacto Ambiental). The department that administers the permitting in Goias state is called SEMARH. The application is also subject to review by the MP and it is noteworthy that in recent years all large engineering and mining projects in Brazil, have seen the MP play a much more active role.

In late 2011 the MP instigated an investigation into possible contamination of waters in the Mara Rosa district by historic mining, based on a public complaint lodged in 1998. The Posse deposit is not the only suspended mine in the district and the area also was the focus of widespread artisanal working in the 1980's. This investigation showed that there were acidic waters in the district, and although and although they were not from the Mara Rosa project the issue concerned the MP enough to ask for suspension of the LP until Amarillo could measure the environmental impact of the historic mining at Posse. The old mine at Posse was operated by Mineracao Genipapo, (owned by Western Mining at the time), which shut down operations in 1995, and in 2003 the state authorities issued a certificate that indicated that the area was considered remediated, however the MP considers that the previously filed complaint had not been correctly addressed.

In April 2013, Amarillo submitted an initial response to the MP's concern about acid waters by showing several assays of the Pit waters at Posse, which indicate they were not acidic (Ph 7.4) and suitable for aquatic life. The MP did not consider this adequate and requested a larger study. The preliminary IPA report now submitted by Amarillo is the summary of this study. It includes several sets of water analysis in the two small Open Pits (now filled with water) as well as surface water from surrounding streams. Ground waters were checked from existing underground wells and from auger holes drilled by Amarillo. These analyses (carried out at three monthly intervals) showed that there were no low ph waters and no significant presence of heavy metals with values all below the limits published by CONAMA (National Council for the Environment) in Resolution 357 of 2005.

The two Open Pits are now the home of a quantity of fish with at least four species identified including tilapia (a fish not indigenous to Brazil), lambari (a small fish known as bio-indicator because of its' requirement for high quality water), piaba and caranha (specimens of up to 5 kg. can be found in the larger Open Pit). The report includes analyses of two different types of the fish found in the Open Pits, (tilapia and piaba) and showed that levels of heavy metals in the fish were below the limit of detection though copper values were detected in low quantities (but within the limits allowable according to the World Health Organisation, WHO). Similar small quantities of copper were also found in six other samples of fish from surrounding rivers and streams and would seem to be the norm for the area.

The IPA was of a preliminary investigative nature and concluded that there was no chemical contamination caused by previous mining.

The company awaits a response from the MP, but once a satisfactory review is received the LP process will recommence and the permitting process should move forward. An LP is only granted after a public hearing held in the municipal and the company intends to hold this in April. There is great public support for the implantation of the mine in the area (a traditional mining district).

The company expects to obtain the LP before the end of the 2nd Quarter 2014.

Frank Baker, a metallurgist with over 30 years experience and also a member of the AUSIMM and IOM3 is the qualified person for this news release as per the guidelines of the NI-43-101. Mr. Baker is the manager of the Mara Rosa Project.

About Amarillo Gold Corp.

Amarillo Gold Corp. is focused on acquisition, discovery, and definition of gold resources in Brazil. The Company's principal projects are the Mara Rosa Project in the state of Goias, and the Lavras do Sul Project in the state of Rio Grande do Sul. The Posse Deposit at Mara Rosa contains 1,174,900 ounces of measured and indicated gold contained in 20.85 MT at 1.75 g/t Au, and 156,400 ounces of gold inferred from 3.63 MT at 1.38 g/t Au (0.5 g/t cut-off grade) (NI 43-101 compliant resource as independently determined by Australian Exploration Field Services Pty. AEFS). The Mara Rosa Gold Project has received a positive economic assessment from a Pre-feasibility study and is preparing to proceed to a bankable feasibility study. Should this continue to be positive it would be possible to commence mining by 2015.

The Posse Deposit was successfully mined by Western Mining Company (WMC) during the 1990s (mined areas are excluded from the above-stated resource figures), and is located in an area of excellent infrastructure: approximately 35 km NE of Yamana's Chapada open pit Cu-Au operation, some 80 km NE of Yamana's Pilar Au project (in Feasibility), 95 km NW of Votarintim's Niquelandia Ni laterite mine, 105 km from NE of Serra Grande's underground Au mine, and 105 km NNW of Anglo American's Ni laterite project at Barro Alto.

The Lavras do Sul Project is an advanced exploration stage property (190 sq. km.) comprising more than 19 prospects centred on historic gold workings, with encouraging gold mineralization discovered and defined by more than 16,000 metres of drilling. The initial resource estimate at the Butia prospect reported 215,000 ounces of gold indicated from 6.4 MT at 1.05 g/t Au, and 308,000 ounces of gold inferred from 12.9 MT at 0.74 g/t Au using a0.3 g/t cut-off grade in a NI 43-101 compliant resource as independently determined by Atticus Consulting 2010. Lavras do Sul is also located near excellent infrastructure. The Company also has a portfolio of earlier stage projects and all properties under Amarillo's management are located in areas of good infrastructure and mining-friendly communities.

ON BEHALF OF THE BOARD OF DIRECTORS

AMARILLO GOLD CORP.

Buddy Doyle, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS:

This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Permission from the Government and community is also required to proceed with future mining production. In the case of this news release the timing and response of the MP and SEMARH are not in the companies control and could differ from our expectations causing further delay to our permitting process. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
SYS-CON Events announced today that Isomorphic Software will exhibit at SYS-CON's [email protected] at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, high-productivity enterprise web applications for any device. SmartClient couples the industry’s broadest, deepest UI component set with a java server framework to deliver an end-...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...