Welcome!

News Feed Item

Antioquia Gold Completes 2012 Drilling Program at Cisneros

Final Results include 27.0 g/t Au / 2.6 m at Guaico and 8.9 g/t Au / 3.3 m at Guayabito

CALGARY, ALBERTA -- (Marketwire) -- 11/29/12 -- Antioquia Gold Inc. ("Antioquia Gold" or the "Company") (TSX VENTURE:AGD)(OTCQX:AGDXF) is pleased to announce all final drill hole results have been received thus completing the 2012 Drilling Program at its flagship Cisneros Project in Colombia. The Company is currently compiling, interpreting and modeling the results of the program to be used in the preparation of an NI 43-101 compliant resource report and an accompanying Preliminary Economic Assessment ("PEA"). It is anticipated that both reports will be released in the first part of 2013.

2012 Drilling Highlights:

--  Drilling at the Guaico deposit extended high grade mineralization to a
    vertical depth of 400 metres. 
--  Drilling at the Guayabito deposit successfully extended the strike
    length an additional 150 metres to the north and to a vertical depth of
    500 metres. 
--  Both deposits consist of multiple en-echelon vein systems and both
    deposits remain open along strike and to depth. 
--  In all, forty-six (46) holes were completed amounting to 13,111 metres
    of drilling, including ten (10) drill holes (2.434 m) at the Papi /
    Ivana prospect. 

Guaico Deposit Final Results:

Drill hole GCO12-036 intersected 8.7 metres of 8.2 g/t Au including 2.6 metres of 26.9 g/t Au and has confirmed high-grade gold mineralization at Guaico to a vertical depth of 400 metres. This mineralization is seventy (70) metres vertically below previously announced drill result from drill hole GCO12-029 which included 6.6 metres of 10.2 g/t Au including 1.8 metres of 33.2 g/t Au (See Press Release dated September 27, 2012). The mineralization defined above is a new discovery made in 2012 and confirms additional mineralized en-echelon vein systems occurring in the footwall and at depth relative to the original Guaico discovery. Highlights of drill results for the final five (5) drill holes drilled at Guaico in 2012 can be found in Table 1 below. The 2012 drill hole locations are illustrated in Figure 1 and a Section view illustrating results of drill hole GCO12-036 and previously released GCO12-029 (Figure 2) are attached and can be found on the company's website; link to www.antioquiagoldinc.com.

Table-1 Highlights of Final Drill Hole Results; Guaico Deposit

Drill Hole                 From             To  Length (m)(i)       Au (g/t)
GCO12-033                  69.5           70.8            1.3            2.5
GCO12-033                 164.5          166.0            1.5            5.8
GCO12-035                  85.5           86.8            1.3            2.6
GCO12-035                 121.9          126.5            4.6            1.1
  including               125.5          126.5            1.0            3.4
GCO12-036                 259.2          260.7            1.5            2.9
GCO12-036                 390.2          398.9            8.7            8.2
  including               395.5          398.1            2.6           27.0
GCO12-036                 525.5          527.0            1.5            1.7
Note: (i) Intervals reported are drilled thickness and may not represent    
true width.                                                                 
Drill holes GCO12-032 and GCO12-034 intersected the intended alteration     
envelopes but did not intersect significant mineralization.                 

Guayabito Deposit Final Results:

The final four (4) drill holes at Guayabito were designed to extend the Guayabito deposit further to the north along strike and to depth. All four (4) drill holes intersected the intended mineralization. Drill hole GYB12-086 intersected 6.2 metres of 6.3 g/t Au including 2.5 metres of 15.0 g/t Au. Results of the final four drill holes at Guayabito confirm the deposit extends to the north and to depth and remains open further along strike to the north and to depth. Highlights of the final four drill holes at Guayabito are listed in Table 2 below and all 2012 drill hole locations are illustrated in Figure 3.

Table-2 Highlights of Final Drill Hole Results; Guayabito Deposit

Drill Hole                 From             To  Length (m)(i)       Au (g/t)
GYB12-085                  99.3          100.4            1.1            4.4
GYB12-085                 238.6          240.1            1.5            6.9
GYB12-086                 180.8          187.0            6.2            6.3
  including               180.8          183.3            2.5           15.0
GYB12-086                 196.4          198.2            1.8            6.9
GYB12-087                 125.4          127.3            1.9            2.2
GYB12-088                 289.0          296.8            7.8            3.9
  including               289.0          292.3            3.3            9.0
Note: (i) Intervals reported are drilled thickness and may not represent    
true width.                                                                 

"The 2012 drilling program at Cisneros has been very successful" comments Rick Thibault, President and CEO; "We have greatly increased our knowledge base of the Guayabito and Guaico deposits and are extremely encouraged with the improving grade with depth at Guaico. We have been able to significantly increase the overall size of these deposits through effective drilling along strike and to depth".

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 eleven (11) exploration zones. On the original discovery zone it has drilled over 43,000 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 Gold 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 Antioquia Gold further checks all assay values greater than or equal to 10,000 ppb by Metallic Assay. Furthermore, as part of the QA/QC program, Antioquia Gold 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 [email protected] and mention "Antioquia Gold" news in the subject line.

Forward-Looking Statements:

This news release contains certain forward-looking statements, including any plans regarding the preparation and timing of a National Instrument 43-101 compliant resource report and accompanying PEA. Forward-looking statements are based on management's current 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 continue to fund its exploration plans. These and other risks are described in the Company's 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.

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.
Investor Relations Manager
403-457-4653
[email protected]
www.antioquiagoldinc.com

CHF Investor Relations
Juliet Heading
Senior Account Manager
416-868-1079 ext 239
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
Though cloud is the future of enterprise computing, a smooth transition of legacy applications and systems is critical for seamless business operations. IT professionals are eager to start leveraging the cost, scale and other benefits of cloud, but with massive investments already in place in existing infrastructure and a number of compliance and resource hurdles, it can be challenging to move to a cloud-based infrastructure.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, will provide a fun and simple way to introduce Machine Leaning to anyone and everyone. Together we will solve a machine learning problem and find an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intellige...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...