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.

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
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...