Amarillo Gold Announces Brokered Financing to Raise $2,000,000
Original announcement by tmx on
- Company
- Amarillo Gold Corp.
- Ticker
- AGC
- Exchange
- TSX
- Region
- Brazil
- Primary commodity
- Gold
- Secondary commodities
- Copper, Nickel
- Document categories
- Resource update, Capital raise
- Extracted
- 2026-09-13 11:35:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Amarillo Gold Corp. has announced a brokered private placement to raise up to $2,000,000 at $0.32 per share. The proceeds are intended for general working capital and the advancement of the Mara Rosa Project, including updating the pre-feasibility study.
Reasoning: The company is raising capital to advance its Mara Rosa project towards a bankable feasibility study, supported by existing resource disclosures.
Positive factors
- Capital raise of $2M to fund PFS and BFS development
- Existing gold resources at Mara Rosa and Lavras do Sul
Negative factors
- Best-efforts basis financing (no guarantee of full amount)
Facts used in scoring: 6
Classification and evidence
Infill Drillingneutral · Story-specific tag
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The document mentions the company is focused on definition of gold resources.
Evidence · text
“focused on acquisition, discovery, and definition of gold resources”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Resource Estimates (5)
measuredMara Rosa Project · goldTonnes: 8887000Grade: 1.98Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mara Rosa Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a577abc878f282fb4512
- Deposit or zone
- Posse Deposit
Resource Data
- Category
- measured
- Tonnes
- 8887000
- Grade
- 1.98
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2016-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2016-07-01T00:00:00.000Z
Dates
- Event date
- 2016-10-24T00:00:00.000Z
Reasoning: Historical resource figure restated in the text.
Positive factors
- Measured category resource
Evidence · text
“Posse Deposit at Mara Rosa contains 8.887MT @ 1.98 g/t Au Measured”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMara Rosa Project · goldTonnes: 13149000Grade: 1.53Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mara Rosa Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:20153747ad2e7889a986
- Deposit or zone
- Posse Deposit
Resource Data
- Category
- indicated
- Tonnes
- 13149000
- Grade
- 1.53
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2016-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2016-07-01T00:00:00.000Z
Dates
- Event date
- 2016-10-24T00:00:00.000Z
Reasoning: Historical resource figure restated in the text.
Positive factors
- Indicated category resource
Evidence · text
“13.149MT @1.53 g/t Au Indicated”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMara Rosa Project · goldTonnes: 7119000Grade: 1.26Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mara Rosa Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:713d3f99e06a0e34c9e5
- Deposit or zone
- Posse Deposit
Resource Data
- Category
- inferred
- Tonnes
- 7119000
- Grade
- 1.26
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2016-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2016-07-01T00:00:00.000Z
Dates
- Event date
- 2016-10-24T00:00:00.000Z
Reasoning: Historical resource figure restated in the text.
Positive factors
- Inferred category resource
Evidence · text
“7.119MT @ 1.26 g/t Au Inferred”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLavras do Sul Project · goldTonnes: 6400000Grade: 1.05Grade Unit: g/tContained Metal: 215000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lavras do Sul Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:849fec369a26d1b9c432
- Deposit or zone
- Butia prospect
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 215000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2010-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2010-01-01T00:00:00.000Z
Dates
- Event date
- 2016-10-24T00:00:00.000Z
Reasoning: Historical resource figure from 2010 restated.
Positive factors
- Indicated resource
Negative factors
- Stale data (2010)
Evidence · text
“Butia prospect reported 215,000 ounces of gold Indicated from 6.4 MT at 1.05 g/t Au”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 6.8 years before this release
inferredLavras do Sul Project · goldTonnes: 12900000Grade: 0.74Grade Unit: g/tContained Metal: 308000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lavras do Sul Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:6c18abc98351f7f84701
- Deposit or zone
- Butia prospect
Resource Data
- Category
- inferred
- Tonnes
- 12900000
- Grade
- 0.74
- Grade Unit
- g/t
- Contained Metal
- 308000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2010-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2010-01-01T00:00:00.000Z
Dates
- Event date
- 2016-10-24T00:00:00.000Z
Reasoning: Historical resource figure from 2010 restated.
Negative factors
- Stale data (2010)
Evidence · text
“308,000 ounces of gold Inferred from 12.9 MT at 0.74 g/t Au”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 6.8 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.