Amarillo Gold Corp.

Amarillo Gold Corp.

May 16, 2006 14:26 ET

Amarillo Gold Corp.: More Assay Results From South Posse Deposit, Confirming Near Surface Extent of Higher Grade

TORONTO, ONTARIO--(CCNMatthews - May 16, 2006) - Amarillo Gold Corp. (TSX VENTURE:AGC) ("Amarillo or the Company") is pleased to announce that more assay results have been returned from the Mara Rosa project in the state of Goias, Brazil, (see table below). Amarillo is currently drill testing the North and South Posse Deposit. These deposits contain an historic resource and occur approximately 500m apart. The drilling is looking for extensions to the mineralisation and in filling large gaps in the data above 150m level below the surface. The results reported here are from drilling that targeted down dip structural extensions beneath the South Posse pit. These results show the zone to be continuous and are considered encouraging.

Table 1 Posse South Drilling

Drill Hole Location TD Azimuth Dip Mineralisation
SPET1-11 100103m E 200.3 m 100m to 157m 50m @ 1.17g/t Au
100199m N Az 140 Inc -70
SPET1-12 100161m E 40.6 m 88m to 119m 31m @ 2.33 g/t Au
100232m N Az 140 Inc -80 Including 4.0m @ 5.5 g/t Au
NB: The results in table 1 are derived from split NQ diamond drill
core, submitted to Acme Laboratories. Prepared in Brazil and assayed
in Vancouver. Each batch has a chain of custody and is accompanied
by blank samples and standards as a quality check. The results
were compliant.

The company will continue to make releases regarding assays in meaningful groupings as they come to hand, 4 drill holes from the North deposit are currently pending. This news release was written by Buddy Doyle and reviewed by Rick Brown the Country manager, Brazil and COO. Both are qualified persons for the Mara Rosa Project, as such term is defined by the National Instrument 43-101



Per: ___________________________
Buddy Doyle, President, CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amarillo Gold Corp.
    Buddy Doyle
    President, CEO
    (604) 689-1799
    (604) 689-1899 (FAX)