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
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with bu...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
This is going to be a live demo on a production ready CICD pipeline which automate the deployment of application onto AWS ECS and Fargate. The same pipeline will automate deployment into various environment such as Test, UAT, and Prod. The pipeline will go through various stages such as source, build, test, approval, UAT stage, Prod stage. The demo will utilize only AWS services including AWS CodeCommit, Codebuild, code pipeline, Elastic container service (ECS), ECR, and Fargate.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...