Amarillo Files Technical Report on Mara Rosa
Amarillo Gold Corp. (TSXV:AGC) announced the filing of a technical report on its Brazil-based Mara Rosa gold property.
As quoted in the press release:
Highlights of the economic model, and a summary description of the project follow (all currency $US unless otherwise stated):
- Proven and Probable reserves of 17.1MT @ 1.72 g/t yielding 945,200 ounces of contained gold. Recovery after processing will be 869,600 ounces of gold.
- Initial 7 year mine life with 2.5MT per year throughput. Processing comprised of a 12 hour pre-oxidation stage feeding a conventional CIL gold recovery circuit.
Click here for the Amarillo Gold Corp. (TSXV:AGC) press release.
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Wed, Jan 11, 2012
Post by Jessica Oman, Gold Researcher