Amarillo Gold Updates Resource Model, Files Technical Report. Mara Rosa Project, Brazil
Original announcement by tmx on
- Company
- Amarillo Gold Corp
- Ticker
- AGC
- Exchange
- TSX
- Region
- Goias, Brazil
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Permitting
- Extracted
- 2026-09-13 11:35:54 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Amarillo Gold Corp has released a new NI 43-101 technical report for the Posse deposit at the Mara Rosa project in Brazil. The updated resource estimate shows 22.03 Mt at 1.71 g/t gold (M&I) and the company has obtained a Preliminary License (LP) for the project.
Reasoning: The update provides a new resource model for the Posse deposit with improved ounces in the measured category and a key permitting milestone (LP).
Positive factors
- Resource improvement noted vs July release
- Obtained LP (Preliminary License) permitting milestone
- QP sign-off provided by independent consultant
Negative factors
- Resource is not reserves and lacks demonstrated economic viability
Facts used in scoring: 3
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report is stated to be a 43-101 technical report.
Evidence · text
“43-101 technical report to support the new resource model”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Keith Whitehouse, an independent QP, has reviewed and approved the content.
Evidence · text
“He has reviewed and approved the content of this News Release.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource estimate was calculated at a 0.5 g/t cutoff.
Evidence · text
“calculated the new resource estimate at a 0.5 g/t cutoff”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
measuredMara Rosa Project · goldTonnes: 8877000Grade: 1.98Grade Unit: g/tContained Metal: 563700Contained Unit: ozView all detailsHide details
Identity
- Project
- Mara Rosa Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Goias, Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Keith Whitehouse
- Resource group id
- resource:c67ee4cb06f067104820
- Deposit or zone
- Posse
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 8877000
- Grade
- 1.98
- Grade Unit
- g/t
- Contained Metal
- 563700
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Lab
- Laboratory
- Australian Exploration Field Services Ltd
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2016-09-27T00:00:00.000Z
Reasoning: Measured resource provides the highest level of geological confidence.
Positive factors
- High confidence category
Evidence · table
“1.98”
Context: 8,877,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedMara Rosa Project · goldTonnes: 13149000Grade: 1.53Grade Unit: g/tContained Metal: 646500Contained Unit: ozView all detailsHide details
Identity
- Project
- Mara Rosa Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Goias, Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Keith Whitehouse
- Resource group id
- resource:76e8c739b47c24d34fc0
- Deposit or zone
- Posse
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 13149000
- Grade
- 1.53
- Grade Unit
- g/t
- Contained Metal
- 646500
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Lab
- Laboratory
- Australian Exploration Field Services Ltd
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2016-09-27T00:00:00.000Z
Reasoning: Indicated resource provides reasonable geological confidence.
Positive factors
- Reasonable geological confidence
Evidence · table
“1.53”
Context: 13,149,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMara Rosa Project · goldTonnes: 7119000Grade: 1.26Grade Unit: g/tContained Metal: 287700Contained Unit: ozView all detailsHide details
Identity
- Project
- Mara Rosa Project
- Commodity
- gold
- Region
- brazil
- Reported Region
- Goias, Brazil
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Keith Whitehouse
- Resource group id
- resource:ea2945d22945573ba10f
- Deposit or zone
- Posse
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 7119000
- Grade
- 1.26
- Grade Unit
- g/t
- Contained Metal
- 287700
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Lab
- Laboratory
- Australian Exploration Field Services Ltd
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2016-09-27T00:00:00.000Z
Reasoning: Inferred resource has limited geological confidence.
Negative factors
- Speculative category
Evidence · table
“1.26”
Context: 7,119,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.