amarillo gold resources

In addition, Amarillo foresaw delays to the permitting process if it were to go ahead with the original plan and move the tailings dam downstream.I think you’re going to see Brazil leading the world in switching to dry stack tailingshe technology has caught up with industry such that you can  and it’s entirely feasible to use dry stack tailings.”he feasibility study supports an open pit mine and CIL operation over a 9.6 year mine life, with gold production of 102,000 oz annually for the first four years of the operation and average annual production of 84,500 oz over the full The study offered three cases relating to project economics, based on different gold prices.

‘Amarillo Gold’ presents large, gorgeous, yellow flowers that command attention. The base case used a gold price of $1,400 per o, which predicted an after-tax NPV5 of $183 million and IRR of 25%.However, when using the gold price at the time the study was published %, which represents a big swing in the value of the project.A 10% change in the gold price changes our NPV by about 30%. Just like with the gold price, the feasibility compares different exchange rates and highlights the economic advantages available to Amarillo with a favourable rate.ut in the meantime, I think we have an opportunity to take advantage of that higher exchange rate to build the project for a lower overall capex.”in May involving several key individuals from the local government, Amarillo received a s another key step in the project’s progression through the permitting timeline, which began in 2016 when the company was awarded its preliminary licence (LP) – the first of a three-step process for all mining projects in Brazil – on the back of an environmental baseline study and a series of fruitful community meetings.“Mara Rosa is a brownfield site and so there used to be mining jobs in the town of Mara Rosa, which is around 10 km from the mine. The future is bright and golden for Amarillo in Brazil. And at the same time, the company will drill  project, which Mutchler believes will eventually become a multi-million o district. aug 03, 2020. gold resource corporation announces second quarter conference call View More; Legal Resources Legal Resources The Municipal Court offers legal resources available to the public for self-help purposes. Rudbeckia ‘Amarillo Gold’ Bred from the ‘Prairie Sun’ line, this new rudbeckia is very well branched, but shorter and more compact — making it ideal for rack shipment. Address. Posse was discovered by BHP in the 1980s, mined by Western Mining in the 90s and eventually sold to Amarillo by a troubled Metallica. Amarillo Gold Corp. Its projects include Mara Rosa and Lavras do Sul.

aug 04, 2020. gold resource corporation reports second quarter results. View More; Job Resources Job Resources The Amarillo Public Library offers a variety of job resources to the community. from Benary 1-416-230-6454. Amarillo soon acquired a second Brazilian project in 2006 before conducting around 40,000 metres of drilling at Mara Rosa over several years up to 2011, when it published a pre-feasibility study (PFS) for the project. Amarillo completed this work and applied for the licence back in  expects to receive the permit at some point in Q3 of this year.The LI will give Amarillo the ability to build and commission the plant, with the final operating licence (LO) awarded after a formal inspection of the plant takes place once it reaches commercial production.Amarillo is shaping up well for this next crucial phase of development at Mara Rosa. Amarillo Gold serves worldwide. We saw Mutchler points out that MIK is a reliable tool that works well for veiny deposits, but that the Posse Deposit is more strat-bound into a shear zone and there are chemical alterations within the shear zone that affect the grade, but not quite what you would call a vein.While the switch to ordinary kriging dropped the grade by about 20% g/t in the feasibility, the new model provides much greater confidence in the resource and we feel we have a much higher chance of reconciliation in the mine plan when we do get started with the operation.

concerned the decision to switch to dry stack tailings as opposed to a downstream construction dam at the Mara Rosa project. Brazil’s mining sector was rocked by the fatal dam failure at one of Vale’s iron ore operations near  in Minas Gerais early last year. Name/Title. The company is working with  International on project financing and evaluating e think we’ll lock in the construction financing in September or October. Existing mines in the state were initially shutdown before reopening again, and despite not being in operation, Amarillo continued with around a dozen field technicians on-site  the project, and only six employees have been working on-site shipping core from an earlier exploration programmeThe company’s Toronto team was already working from home, but its Belo Horizonte office closed around the same time and all staff were quickly set up to work from home.may have been a couple of weeks of disruption, but it didn’t s we were able to continue with our feasibility work.Two significant changes to the project were outlined in the Mara Rosa feasibility, compared to the 2018 PFS, the first of which being a switch from multiple indicator kriging (MIK) to ordinary kriging  was delivering lower grades than previous drilling had, based on MIK models. “Since then we’ve been busy getting Mara Rosa back on track19, moved all of our inferred and measured into indicated18 and started our feasibility study early in 2019.5 million capital raise in August put us in a strong position to finish the feasibility Unbeknown to the company was the onset of an unprecedented global pandemic this year, which necessitated a shift in work patterns for Amarillo’s office and field-based staff in Canada and Brazil, as well as for the engineering teams working on the feasibility.

with staff working remotely and the findings published at the beginning of June. which is where you drop a hole out of the database and let the model predict the grade at that point and then compare that to the actual grade.

Mara Rosa is comprised of 2,600 hectares of mining permits, of which the main accumulation of gold is inside what is known as the Posse Deposit.