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Amarillo Gold Corp. (TSXV:AGC) announced the filing of a technical report on its Brazil-based Mara Rosa gold property.

As quoted in the press release:

Highlights of the economic model, and a summary description of the project follow (all currency $US unless otherwise stated):

• Proven and Probable reserves of 17.1MT @ 1.72 g/t yielding 945,200 ounces of contained gold. Recovery after processing will be 869,600 ounces of gold.
• Initial 7 year mine life with 2.5MT per year throughput. Processing comprised of a 12 hour pre-oxidation stage feeding a conventional CIL gold recovery circuit.

Click here for the Amarillo Gold Corp. (TSXV:AGC) press release.