Antioquia Gold Inc. Defines New Regional Gold Prospects at Cisneros Project, Colombia
08 2월 2012 - 1:12AM
Marketwired
Antioquia Gold Inc. ("Antioquia" or "the Company") (TSX
VENTURE:AGD)(OTCQX:AGDXF) announces that the Company has defined
two new gold prospects with its 2011 year end drilling program.
Three (3) drill holes drilled at the end of the 2011 drilling
program at the Bareno prospect, located 2 kilometers north of the
Guayabito Deposit, tested the continuation of the Sur America
artisanal mine to depth and along strike. Four (4) drill holes were
drilled at the Los Planes prospect, located 4 kilometers to the
southwest of the Guaico Deposit, to test a coincident geochemical,
geophysical anomaly. Refer to Figure 1 for locations.
Significant results to report include:
-- 3.94 g/t Au over 3.8 meters at Bareno
-- 1.41 g/t Au over 1.8 meters at Bareno
-- 0.125 g/t Au over 8.5 meters at Los Planes
The Bareno and Los Planes prospect areas are two of several
regional targets identified in 2011, first by airborne geophysics
and subsequently with follow-up ground geophysics, geological
mapping and trenching. These targets host structural frameworks and
geochemical signatures similar to those at the Guayabito and Guaico
deposits.
Bareno Prospect
The Sur America artisanal mine (sampling of old workings
averaged 6.85 g/t Au over approx. 1 m, the highest grab sample
being 76 g/t Au) is one of several favourable structures identified
at the Bareno prospect. Drilling in 2011 was successful in
extending the Sur America gold mineralization approximately 75
meters along strike and 100 meters to depth. The gold-bearing
structure dips vertically east-west with associated geochemistry
similar to the multiple zone Guayabito and Guaico deposits. The
Company is encouraged by these similarities as it suggests
excellent potential to continue to delineate the mineralization
along strike and to depth and to define additional gold-bearing
structures in the Bareno prospect area.
Los Planes Prospect
Similar to Bareno, the Los Planes prospect has favourable
structures that can host gold mineralization. Although 2011
drilling at Los Planes did not intersect significant gold values,
the associated geochemical signature at the Guayabito and Guaico
deposits is present at Los Planes in drill hole LPL11-003 over an
intercept of 8.5 meters. This geochemical signature is present over
narrow widths in all drill holes drilled at Los Planes suggesting
gold-bearing hydrothermal fluids penetrated the structures
recognized there.
"The drilling at the Bareno and Los Planes prospects clearly
demonstrates that the structural framework and subsequent
gold-bearing hydrothermal system is not confined only to the
Guayabito and Guaico areas of the Cisneros property. This is
significant as it demonstrates the enormous potential for Cisneros
to host numerous gold deposits"; commented Ian Fraser, Chief
Geologist for Antioquia.
About Antioquia Gold Inc.
Antioquia Gold 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
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
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 &
CEO
For further information on Antioquia Gold Inc., visit our
website at www.antioquiagoldinc.com.
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 release of sample results in
January 2012, 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 - REGIONAL PROSPECTS LOCATIONS IN COMPARISION
TO THE KNOWN DEPOSITS AT THE CISNEROS PROJECT, please visit the
following link: http://media3.marketwire.com/docs/AGDF7-F1.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 403-457-4653hbilhete@antioquiagoldinc.com
www.antioquiagoldinc.com
Antioqua Gold (CE) (USOTC:AGDXF)
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Antioqua Gold (CE) (USOTC:AGDXF)
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