Antioquia Gold Reports Additional Positive Drilling Results at Cisneros, Including 31.2 g/t Au Over 1.3 Metres and 16.0 g/t A...
September 11 2012 - 7:04PM
Marketwired Canada
Antioquia Gold Inc. ("Antioquia Gold") (TSX VENTURE:AGD) (OTCQX:AGDXF) has
received the assays of the last 4 of 13 completed holes from the 5,069 metres of
Phase 1 drilling with positive results that continue to reinforce the previously
reported significant dimensional increase of the Guayabito deposit to depth and
along strike. Gold values from one hole graded 16.0 g/t Au over 3.3 metres,
including 53.1 g/t Au over 1.0 metre and 84.0 g/t Au over 0.5 metres; another
hole graded 31.2 g/t Au over 1.3 metres including 129.8 g/t Au over 0.3 metres.
Highlights of the results for these holes are shown in Table 1 below.
Phase 1 commenced on April 26, 2012 and focused exclusively on the Guayabito
deposit and is part of a planned 3-phase 20,000 meter diamond drilling program
at its flagship Cisneros Project in Colombia. As reported in the press release
of August 8, 2012, the program has resulted in expanding the length of known
mineralized structures along strike to approximately 300 metres and has
confirmed continuity to a depth of almost 500 metres with all structures
remaining open along strike and depth. Also, several new mineralized structures
were encountered with encouraging potential gold values. Plan and section views
of the previous structures and the 2012 extension are illustrated in Figures 1
and 2 (and also found on the website www.antioquiagoldinc.com).
Table 1 - Highlights Final 4 Holes of Phase 1 Drilling at Guayabito Deposit
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Drill Hole From To Length (m)(i) Au (g/t)
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GYB12-081 106.00 107.50 1.50 4.51
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GYB12-082 366.70 368.80 2.10 2.32
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GYB12-082 375.20 378.20 3.10 1.68
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including 375.20 376.70 1.60 3.15
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GYB12-082 395.40 409.10 13.70 3.28
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including 398.50 401.70 3.20 5.37
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including 405.00 409.10 4.10 4.70
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GYB12-082 420.40 421.70 1.30 31.24
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including 420.40 420.70 0.30 129.80(ii)
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GYB12-083 261.00 264.25 3.25 15.99
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including 263.30 264.25 0.95 53.14
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including 263.30 263.80 0.50 84.00(ii)
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GYB12-84 313.15 314.45 1.30 3.22
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including 313.65 313.95 0.30 13.94
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Notes: (i) Intervals reported are drilled thickness and may not
represent true width.
(ii) These samples verified using Gravimetric finish.
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We refer the reader to the March 21, 2012 and August 8, 2012 News Releases for
further background information.
Phase 2, consisting of approximately 5,000 metres of drilling divided equally
between the Guaico and Papi/Ivana targets continues at Guaico and has been
completed at Papi/Ivana. Laboratory results are pending and the resultant review
and interpretation by the geology team will follow.
The regional exploration program continues on the other 90% of the Cisneros
property with several of the regional targets identified under exploration.
Field work is comprised of geological mapping, prospecting and soil geochemical
profiles. The Cisneros property regional exploration program is an integral part
of Antioquia Gold's future as it is designed to confirm the potential and the
existence of multiple gold deposits on the Cisneros property.
About Antioquia Gold Inc.
Antioquia Gold has been exploring for precious metals in Colombia since 2007 and
has accumulated a land package of close to 40,000 hectares located throughout
Colombia. Antioquia Gold's principal asset, which is being actively explored, is
its 5,630 hectare Cisneros Project, located 55 kilometres northeast of Medellin
in the Department of Antioquia, Colombia. At the Cisneros Project the Company
has conducted extensive geochemical and geophysical programs over the entire
property and has identified to date 11 exploration zones. On the original
discovery zone it has drilled over 40,000 metres and is well versed in the
understanding of the deposit type and the project's path to resource definition
and production.
To ensure reliable sample results Antioquia has a rigorous QA/QC program in
place that monitors the chain of custody of the samples and includes the
insertion of blanks, preparation duplicates, field duplicates, and certified
reference standards in each batch of samples. Core is photographed and sawed in
half with one half retained in a secured facility for future reference if
needed. Sample preparation (crushing and pulverizing) is performed at ACME
laboratories in Medellin, Colombia.
Samples prepared by ACME (Medellin) are direct shipped to ACME Laboratories in
Vancouver Canada, an ISO certified laboratory for analysis. Assay for gold (36
elements) is performed initially by 1Dx30g Agua Regia Digestion. Au values
greater than 100,000 ppb are automatically checked by Gravimetric finish and AGD
further checks all assay values greater than or equal to 10,000 ppb by Metallic
Assay. Furthermore, as part of the QA/QC program AGD has sent to SGS laboratory
in Medellin Colombia batches of pulp samples for check Fire Assay's.
This press release has been prepared under the supervision of Ian Fraser, P.
Geol., Chief Geologist for Antioquia Gold Inc. and a Qualified Person as defined
by National Instrument 43-101.
On behalf of Antioquia Gold Inc.
Richard Thibault, President & CEO
You can also follow Antioquia Gold on twitter: @AntioquiaAGD
To receive Company news by email, contact info@antioquiagoldinc.com and mention
"Antioquia Gold" news in the subject line.
Forward-Looking Statements:
This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, including,
but not limited to, statements about the seven additional regional exploration
zones adding significant exploration potential to the overall property, the
Company's plans for exploration in 2012, including the plans for 20,000m of
drilling, are forward-looking statements. Forward-looking statements are based
on management's assumptions and are subject to risks and uncertainties. There
can be no assurance that any forward-looking statement will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information due to a number of factors beyond the
Company's control. These assumptions, risks and uncertainties include, among
other things, management's assumptions about government permitting, equipment
procurement and the availability of the necessary consultants and capital, as
well as the risks of delay in any of these activities and the risks inherent in
Antioquia Gold's operations, including the risks that the Company may not find
any minerals in commercially feasible quantity or raise enough money to fund its
exploration plans. These and other risks are described in the Company's Annual
Information Form and other public disclosure documents filed on the SEDAR
website maintained by the Canadian Securities Administrators. The Company does
not undertake to update any forward-looking information except as may be
required by applicable securities laws.
To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/agdfig1.jpg
To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/agdfig2.jpg
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