# Amarillo Gold Announces Brokered Financing to Raise $2,000,000 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/amarillo-gold-announces-brokered-financing-to-raise-2-000-000--d97e9af3-db50-4f21-8d3f-998091651775 Original source: https://money.tmx.com/en/quote/AGC/news/4607931671776236/amarillo-gold-announces-brokered-financing-to-raise-2-000-000 Publisher: tmx Original announcement: 2016-10-24T17:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Capital raise of $2M to fund PFS and BFS development - Positive factor: Existing gold resources at Mara Rosa and Lavras do Sul - Negative factor: Best-efforts basis financing \(no guarantee of full amount\) Facts used in scoring: 6 ## Classification and evidence **Infill Drilling** Polarity: neutral Story-specific tag Definition: 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) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/amarillo-gold-announces-brokered-financing-to-raise-2-000-000--d97e9af3-db50-4f21-8d3f-998091651775#fact-resource-facts-1) Mara Rosa Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Measured category resource Evidence · text > Posse Deposit at Mara Rosa contains 8.887MT @ 1.98 g/t Au Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/amarillo-gold-announces-brokered-financing-to-raise-2-000-000--d97e9af3-db50-4f21-8d3f-998091651775#fact-resource-facts-2) Mara Rosa Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated category resource Evidence · text > 13.149MT @1.53 g/t Au Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/amarillo-gold-announces-brokered-financing-to-raise-2-000-000--d97e9af3-db50-4f21-8d3f-998091651775#fact-resource-facts-3) Mara Rosa Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred category resource Evidence · text > 7.119MT @ 1.26 g/t Au Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/amarillo-gold-announces-brokered-financing-to-raise-2-000-000--d97e9af3-db50-4f21-8d3f-998091651775#fact-resource-facts-4) Lavras do Sul Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource - Negative factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/amarillo-gold-announces-brokered-financing-to-raise-2-000-000--d97e9af3-db50-4f21-8d3f-998091651775#fact-resource-facts-5) Lavras do Sul Project · gold Historical result Needs review: historical\_restatement #### 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 factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: 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.