Amarillo CEO to present at PMS Beaver Creek on September 15
September 10 2020 - 7:39PM
Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) has recently
achieved several key milestones toward developing its flagship
Posse Gold Project into Brazil’s next gold mine.
Mike Mutchler, President and Chief Executive Officer, will
review those achievements during his presentation at the Precious
Metals Summit Beaver Creek on Tuesday, September 15, 2020 at 4.30
p.m. ET. His presentation will be webcast live via the follow
link:https://wsw.com/webcast/preciousmetals/agc.v/3163568.
Mutchler will report on:
- the results of the positive feasibility study that gives Posse
a net present value of US$360 million using a 5% discount rate and
an after-tax internal rate of return of 50% using a gold price of
US$1,730 per ounce and a Brazilian Reais to U.S. dollar exchange
rate of 5.3:1
- progress toward securing construction financing, including the
equity financing that closed on August 13, 2020 and raised gross
proceeds of $57.2 million
- progress on permitting and detailed engineering at Posse
- how regional exploration has the potential to find more
near-surface gold deposits that could extend Posse’s mine life
beyond 10 years.
About AmarilloAmarillo Gold Corporation is
advancing two gold projects in Brazil. Both are in mining-friendly
states and have excellent nearby infrastructure. The development
stage Posse Gold Project on its Mara Rosa Property in Goiás State
has received the main permit that provides social and environmental
permission for mining. Work is underway on receiving the
installation permit. The exploration stage Lavras do Sul Project in
Rio Grande do Sul State has more than 22 prospects centered on
historic gold workings.
Amarillo Gold Corporation trades on the TSXV under the symbol
AGC, and on the OTCQB under the symbol
AGCBF.
For further information, please contact
Mike Mutchler |
Annemarie Brissenden |
President & CEO |
Investor Relations |
416-294-0736 |
416-844-6284 |
mike.mutchler@amarillogold.com |
annemarie.brissenden@amarillogold.com |
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of the content
of this news release.
PDF
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