Antioquia Gold Intersects 18.57 g/t Au Over 3.0 Meters at the Guayabito Deposit, Cisneros Project, Colombia
November 07 2011 - 9:30AM
Marketwired
Antioquia Gold Inc. ("Antioquia Gold") (TSX
VENTURE:AGD)(OTCQX:AGDXF) announces that it continues to extend the
Guayabito mineralized structures along strike as well as at depth.
In addition, Antioquia Gold announces a new discovery at depth in
drill hole GYB11-060 at Guayabito with 6.83 g/t Au over 5.1m
encountered.
Some significant results to report are:
-- 18.57 g/t Au over 3.0 meters, including 101.1 g/t Au over 0.55 meters
-- 26.93 g/t Au over 1.6 meters, including 85.70 g/t Au over 0.50 meters
-- 6.83 g/t Au over 5.10 meters, including 46.80 g/t Au over 0.7 meters
For reference, Figure 1 is included to provide the location of
the Guayabito deposit in relation to the overall Cisneros Project
and the other actively explored deposits that have been previously
reported over the last two months. Figure 2 indicates the location
of the nine (9) structures now identified at Guayabito. Table 1
below provides for a summary of the current results from the
Guayabito deposit.
Antioquia Gold Inc. is currently in the process of defining an
initial resource calculation for the Cisneros Project. The
intercepts from the nine (9) drill holes contained in this press
please represent the final drill holes completed at the Guayabito
deposit in 2011. Combined with the eight (8) drill holes reported
in the press release of September 21, 2011, a total of 6,017 meters
were drilled at Guayabito in 2011. The results of these 17 drill
holes, along with all other data from the 2009 and 2010 drilling
and exploration campaigns, are currently being used by Moose
Mountain Technical Services in calculating the resource for
Guayabito.
Brad Van Den Bussche, VP Exploration explains, "The 2011
drilling program at Guayabito has enhanced our understanding of the
deposit. We are pleased that additional drilling, like drill hole
GYB11-060, resulted in new discoveries that expand the area. With
more understanding of the Cisneros Project, such as the Guayabito
deposit along with the continued intersection of mineralized areas,
it increases the database that can be used in the ongoing process
of developing a resource definition".
About Antioquia Gold Inc.
Antioquia has been exploring for precious metals in Colombia
since 2007. The Company has a land package of close to 40,000
hectares located throughout Colombia. Antioquia's principal asset,
which is being actively explored, is its 5,630 hectare Cisneros
Project, located 55 kilometers 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 six
exploration targets. On the original discovery zone it has drilled
over 30,000 meters and is well versed in the understanding of the
deposit type and the project's path to resource definition and
first stage production.
The Table below reflects highlights of the final eight (8) 2011
drill holes at Guayabito.
TABLE 1.
----------------------------------------------------------------------------
Length
Drill Hole From To (m)(i) Au (g/t) Ag (g/t)
----------------------------------------------------------------------------
GYB11-059 103.0 105.0 2.0 1.149
----------------------------------------------------------------------------
GYB11-059 134.0 137.0 3.0 18.567
----------------------------------------------------------------------------
including 134.0 136.0 2.0 27.815
----------------------------------------------------------------------------
including 134.0 134.55 0.55 101.10 126.0
----------------------------------------------------------------------------
GYB11-059 170.2 172.7 2.5 5.100
----------------------------------------------------------------------------
including 170.2 171.7 1.5 8.215
----------------------------------------------------------------------------
including 170.2 170.7 0.5 24.60 22.50
----------------------------------------------------------------------------
GYB11-060 67.35 69.85 2.5 3.228
----------------------------------------------------------------------------
GYB11-060 132.7 134.3 1.6 26.926
----------------------------------------------------------------------------
including 133.3 133.8 0.5 85.70 73.80
----------------------------------------------------------------------------
GYB11-060 285.6 290.7 5.1 6.831
----------------------------------------------------------------------------
including 288.05 290.7 2.65 12.537
----------------------------------------------------------------------------
including 290.0 290.7 0.7 46.80 44.90
----------------------------------------------------------------------------
GYB11-061 35.55 37.55 2.00 1.113
----------------------------------------------------------------------------
GYB11-061 42.5 44.0 1.50 4.405
----------------------------------------------------------------------------
GYB11-061 49.7 51.3 1.60 4.072
----------------------------------------------------------------------------
GYB11-061 57.7 60.5 2.80 1.565
----------------------------------------------------------------------------
GYB11-062 11.2 13.6 2.40 2.338
----------------------------------------------------------------------------
GYB11-062 57.2 59.1 1.55 3.659
----------------------------------------------------------------------------
GYB11-063 57.7 62.9 5.20 1.086
----------------------------------------------------------------------------
including 59.4 61.05 1.65 2.743
----------------------------------------------------------------------------
GYB11-064 129.4 130.9 1.50 1.411
----------------------------------------------------------------------------
GYB11-064 151.0 152.7 1.70 4.620
----------------------------------------------------------------------------
GYB11-065 61.7 67.15 5.45 1.105
----------------------------------------------------------------------------
including 65.6 67.15 1.55 3.082
----------------------------------------------------------------------------
GYB11-065 70.9 72.4 1.50 2.052
----------------------------------------------------------------------------
GYB11-066 71.9 73.5 1.60 2.079
----------------------------------------------------------------------------
GYB11-066 90.7 92.4 1.70 1.418
----------------------------------------------------------------------------
GYB11-066 144.0 156.4 12.40 2.441
----------------------------------------------------------------------------
including 144.0 146.0 2.0 7.905
----------------------------------------------------------------------------
including 150.7 154.2 3.50 3.550
----------------------------------------------------------------------------
GYB11-067 No significant results
----------------------------------------------------------------------------
Note: (i) Intervals reported are drilled thickness and may not represent
true width
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
either SGS or ACME laboratories in Medellin, Colombia.
Samples prepared by SGS (Medellin) are direct-shipped to SGS
Laboratories in Lima, Peru or Toronto Canada, both ISO certified
laboratories, for analysis. Samples prepared by ACME (Medellin) are
direct shipped to ACME Laboratories in Vancouver Canada, also an
ISO certified laboratory for analysis. Assay for gold is performed
by fire assay with 30g charge and AAS finish, with a gravimetric
finish for over limit samples.
This press release has been prepared under the supervision of
Brad Van Den Bussche, P. Geol., Vice President of Exploration for
Antioquia Gold Inc. and a Qualified Person as defined by National
Instrument 43-101.
On behalf of Antioquia Gold,
Richard Thibault, President
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, is
forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such information. There is no certainty that the diamond drilling
currently in progress will provide positive results of
mineralization. For any forward-looking information given,
Management has assumed that the results it has received and the
interpretation thereof are reliable, and has applied metallurgical
methodologies which are consistent with industry standards.
Although Management has a reasonable basis for the conclusions
drawn, actual results may differ materially from those currently
anticipated in such statements. For such statements, the
Corporation claim safe harbour for future releases. A description
of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in
the Corporation's disclosure documents on the SEDAR website at
www.sedar.com. The Corporation does not undertake to update any
forward-looking information except in accordance with applicable
securities laws.
To view Figure 1. "Current Exploration and Drilling Areas,
including Guayabito Deposit", please visit the following link:
http://media3.marketwire.com/docs/agd_f1.pdf
To view Figure 2. "Mineralized Structures at Guayabito Deposit",
please visit the following link:
http://media3.marketwire.com/docs/agd_f2x.pdf
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Antioquia Gold Inc. Helen Bilhete Investor Relations
Manager 1-403-457-4653hbilhete@antioquiagoldinc.com
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