Amarillo Announces New Director
July 02 2009 - 8:01AM
Marketwired
Amarillo Gold Corporation (TSX VENTURE: AGC) ("Amarillo" or the
"Company") is pleased to announce that Mr. Michael Durose has
agreed to serve as a Director of the Corporation. Mr. Durose
combines extensive knowledge of gold mining and gold mining
equities with hands on experience in mining finance and exploration
geology. In a career spanning nearly twenty years, Mr. Durose has
worked as an exploration geologist exploring for base metals and
gold in Canada, as a gold equity analyst at Nesbitt Thomson (now
BMO Capital Markets), and as senior gold equity analyst at Bunting
Warburg (now UBS Securities Canada), Morgan Stanley and Scotia
Capital. His analysis and research have provided investors early
insight into several successful early-stage ventures, including
Arequipa Resources and the related discovery of the world-class
Pierina gold deposit now owned by Barrick, and Francisco Gold and
the related development of the El Sauzal and Marlin projects
currently operated by Goldcorp.
Robert Landis, Chairman of the Board, said: "We are delighted
and honoured that Michael has accepted our invitation to join the
Board. He brings a wealth of analytic and field experience as well
as an in-depth understanding of the capital markets. What is more,
he shares our values, in particular our commitment to shareholders'
interests and good corporate governance."
Buddy Doyle, President and CEO, said: "Michael will play a
critical role in helping to take the Company to the next level. We
look forward to the benefit of his counsel in developing our
projects and to his expert assistance in getting our story
out."
Mr. Durose holds a Bachelors Degree (Honours) in Geology from
Carleton University, a Master of Science Degree in Mineral
Economics from Queen's University, and a Graduate Diploma in Waste
Management and Groundwater Contamination from McGill University. He
is a Professional Geoscientist (P.Geo.) registered in the Province
of Ontario.
ABOUT AMARILLO:-
Amarillo Gold Corp. is a company focused on the acquisition,
definition and discovery of gold resources in Brazil. Its principal
projects are the Mara Rosa project in the state of Goias and the
Lavras do Sul project in the state of Rio Grande do Sul. The Posse
deposit at Mara Rosa was found by an independent 43-101 compliant
preliminary economic assessment study carried out by CCIC to
contain a 13.5M tonnes indicated resource @ 1.48 g/t Au (643,000
ounces) and a 13M tonnes inferred resource @ 1.26 g/t Au (538,000
ounces). The Company also has a portfolio of earlier stage
projects. All properties under Amarillo's management are located in
areas of good infrastructure and robust community support.
ON BEHALF OF THE BOARD OF DIRECTORS
AMARILLO GOLD CORP.
Per: Buddy Doyle, President
FORWARD LOOKING STATEMENTS:-
This news release contains Forward Looking Statements regarding
our intentions and plans. Various factors may prevent or delay our
plans, including but not limited to, contractor availability and
performance, weather, access, mineral prices and success and
failure of the exploration and development carried out at various
stages of the program. Readers should review risk factors
applicable to junior mining exploration companies generally to
understand the variety of risks that can affect the Company.
TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Amarillo Gold Corporation Buddy Doyle 604-689-1799
604-689-1899 (FAX) www.amarillogold.com
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