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
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. 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 June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
20th Cloud Expo, taking place June 6-8, 2017, 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.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...