frenchy
7 years ago
Antioquia Announces Cisneros Project Update
January 16, 2017 - Calgary, Alberta: Antioquia Gold Inc. ("Antioquia" or the "Company") (TSXV: "AGD") wishes to report on progress at its Cisneros Project in Colombia. As reported in December, the receipt of Antioquia's final environmental permit has been the catalyst to take the development and construction activities at its Cisneros Project to a significantly higher level. The following update highlights some of the key events currently ongoing.
Guaico ?Underground Work Activities - Progress to year end 2016:?The main access ramp has advanced to a total length of 990m and reached an elevation of 1160 a.s.l., some 115 m below the mine portal. This level will be the first main production gallery of the Guaico Mine. Work on developing these galleries are scheduled to begin this month.
?Besides the 990m of main ramp development, additional operations totalled 1,374m including the following:?Ore passes
?Ventilation raises
?Draw points
?Loading areas and cross cuts
?Production galleries
?An additional ventilation shaft is being raise bored to connect the 1240 level with the 1160 level;
?The underground explosives magazine has been commissioned and has a total storage capacity of up to 150t of explosives;
?Two intersections of the Guaico vein at the 1213 and 1200 level draw points assayed 13.8 g/t Au over 1.4m and 3.2 g/t Au over 1.3m respectively;
?Further exploration galleries have commenced on both the Manuela and Nus vein structures. The most notable channel sample result received to date from the Nus vein is 16.38 g/t Au over 1.8 m.
?This progress can be seen on Figure 1.
Figure 1 shows the mine tunnelling projected advance and Figures 2 and Table 1 show the complete results of the Nus sampling program which are attached as an Appendix and can also be found on the Company's web site (www.antioquiagoldinc.com).
Guayabito ?Guayabito South Drilling - In the month of December the Company completed a 4-hole 470m diamond drill program intended to link the most recent drill results on this property to the resources on the original Guayabito structure. Laboratory assay results are pending.
?Guayabito Mine - The final portal design is complete and development work will commence in early February;
?Process Plant ?The following equipment has been delivered to site, photos can be seen on the Company web site;?500 tpd jaw crusher
?Vibrating feeder
?Cone crusher
?Vibrating screen
?The 10' x 8' ball mill is complete and is undergoing final inspection; arrangements have been made to ship it to Cisneros in the next couple of weeks;
?Topsoil removal activities are currently ongoing in preparation for plant and camp infrastructure;
?Other - Total manpower at the Cisneros Project including contractors and Antioquia employees at year end 2016 was 222. This total is expected to increase as Guayabito mine development gets fully underway and plant construction commences.
In summary, the project continues to advance well with completion and production still anticipated by management in the 4th Qtr of 2017.
Further information and photographs can be found on the Company's website www.antioquiagoldinc.com.
myrtle222
8 years ago
High-grade Gold Production
Copy from agdxf board
Development in Colombia
In August 2013, Antioquia Gold published a NI 43-101 compliant mineral resource estimate for Cisneros prepared by Fernando Linares, MAusIMM of Lima, Peru based on resources of four areas: Guaico, Guayabito, Nus and Papi with data from 141 drill holes and 35,400m of drilling, at a 1.0 g/t Au cut-off.
frenchy
9 years ago
High-grade Gold Production Development in Colombia
In August 2013, Antioquia Gold published a NI 43-101 compliant mineral resource estimate for Cisneros prepared by Fernando Linares, MAusIMM of Lima, Peru based on resources of four areas: Guaico, Guayabito, Nus and Papi with data from 141 drill holes and 35,400m of drilling, at a 1.0 g/t Au cut-off.
gsfl
12 years ago
DESAFIO MINERO S.A.C. SUBSCRIBES FOR SHARES OF ANTIOQUIA GOLD INC.
Lima, Peru, May 16, 2012 – Desafio Minero S.A.C. (“Desafio”) announced that on May 15, 2012, Desafio completed a subscription for 19,500,000 units (“Units”), each comprised of one common share (“Common Share”) of Antioquia Gold Inc. (“Antioquia”) and one-half of one common share purchase warrant (a “Warrant”) at a price per Unit of $0.10 (the “Private Placement”). Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.20 at any time until the date that is 6 months from the date of the issuance of the Units. Fasken Martineau DuMoulin LLP acted as legal advisor, to Desafio in connection with the Private Placement.
The securities of Antioquia issued to Desafio in the Private Placement were issued by way of a private agreement in reliance on the accredited investor exemption under applicable Canadian securities laws. Together with the 35,626,296 Common Shares held by Desafio prior to the Private Placement, immediately following the closing of the Private Placement, Desafio had beneficial ownership of, and control and direction over, directly or indirectly 64,876,296 Common Shares (including, for purposes of securities legislation, the 9,750,000 Common Shares for which the 9,750,000 Warrants may be exercised), or approximately 48% of the Common Shares outstanding on such date.
For purposes of calculating percentages of Common Shares beneficially owned or over which control or direction is exercised, directly or indirectly, Desafio has assumed that there were 124,434,326 Common Shares outstanding as of the date hereof, as disclosed to Desafio by the Antioquia in connection with the Private Placement.
Other Information
Desafio acquired beneficial ownership, and control or direction, directly or indirectly, of the Common Shares that are the subject of this press release for investment purposes.
Desafio intends to review its investment in Antioquia on a continuing basis. Depending on various factors including, without limitation, Antioquia’s financial position, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, Desafio’s business or financial condition and other factors and conditions Desafio deems appropriate, Desafio may in the future take such actions with respect to its investment in Antioquia as Desafio deems appropriate including, without limitation, making proposals to Antioquia concerning changes to the capitalization, board of directors, ownership structure or operations of Antioquia, acquiring Common Shares or selling or otherwise disposing of some or all of the Common Shares held by either of them. In addition, Desafio may formulate other purposes, plans or proposals regarding Antioquia or any of Antioquia’s securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors or may change its intention with respect to any and all matters referred to above. Immediately prior to the Private Placement, Desafio was entitled to nominate two directors to the Board of Directors of Antioquia. As a result of the Subscription, Desafio may be entitled to nominate an additional director to Antioquia’s Board of Directors.
myrtle222
12 years ago
April 27th 2012
http://www.antioquiagoldinc.com/s/news.asp?ReportID=521693
Antioquia Gold Inc. Initiates 2012 Drilling Program at Cisneros and Announces Private Placement
View News Release in PDF Format
April 27, 2012, Calgary, Alberta: Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX-V: AGD; OTCQX: AGDXF) is pleased to announce the start of Phase 1 of its 2012 Drilling Program on the Cisneros Project, Colombia. The Company has a three-phase drilling program amounting to 20,000 total metres planned for 2012:
Phase 1: one drill will be utilized to further define the multi-zone Guayabito deposit along strike and to depth;
Phase 2: two drills will be utilized to further define the multi-zone Guaico deposit along strike and to depth, and to further define / delineate two new discoveries made in 2011; the Papi and Chamuela gold discoveries;
Phase 3: two drills will be utilized to expand upon results obtained in Phase 1 at the Guayabito deposit and results obtained from Phase 2 drilling at the Guaico deposit and at the Papi gold discovery.
The Company also anticipates testing regional drill targets on the Cisneros project as defined by the Company's ongoing, multi-disciplined surface exploration program.
The Company also announces a non-brokered private placement for aggregate gross proceeds of up to $2,000,000 via the issuance of units (the "Units") at $0.10 per Unit. The Company may choose to increase the offering by 25% depending on market conditions. Each unit will be comprised of one common share in the share capital of the Company and one-half of one common share purchase warrant of the Company. Each whole warrant will entitle the holder thereof to purchase one additional common share at a price of $0.20 per share for a period of six (6) months from the date of issuance. The Company may pay a finder's fee in connection with this transaction. The cash proceeds will be added to working capital and thereby used to fund the 2012 Drilling Program at Cisneros.
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.
On behalf of Antioquia Gold Inc.
Richard Thibault, President & CEO
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com or contact:
Investor Relations Manager
403-457-4653
info@antioquiagoldinc.com
CHF Investor Relations
Juliet Heading
416-868-1079 x239
Juliet@chfir.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.
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.
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 Company claims 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 Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
2012
2011
2010
2009
2008
gsfl
12 years ago
Reports on 2011 Activities and 2012 Plans in Colombia
March 21, 2012, Calgary, Alberta: Antioquia Gold Inc. (“Antioquia Gold” or “the Company”) (TSX-V: AGD; OTCQX: AGDXF) plans to use key results from its 2011 exploration program to benefit the next phase of advanced exploration at its flagship Cisneros Project, moving the Company forward in 2012.
During 2011, Antioquia Gold completed 18,988 metres of diamond drilling that further delineated a prospective mineralized zone containing two deposits (Guayabito and Guaico) and seven areas of significant interest, including the newly discovered and significant Papi. This mineralized zone is located in the original exploration area on the Cisneros Project. Refer to Figure 1.
The Company completed an airborne geophysical survey over the entire Cisneros Project in February 2011. The results of this survey, combined with existing surface samples and geochemical and structural analysis, identified four additional regional exploration zones with characteristics similar to the Guayabito and Guaico deposits, adding significant exploration potential to the overall property. Refer to Figure 2.
In addition to its drilling program, the Company conducted the following work in 2011:
• Environmental studies to prepare for permitting for future mining development including exploration tunnels;
• Metallurgical testing of various ore types from core samples, confirming excellent gold recovery using conventional gravity and flotation processing systems;
• Investigation of two of the four regional exploration zones, the Bareño and Los Planes zones (see figure 2), which host structural framework and geochemical signatures similar to those at the Guayabito and Guaico deposits;
• Conducted an internal review of the requirements for a 600 tonne per day gold processing plant;
• Sourced and secured previously-owned processing plant equipment for potential use at Cisneros;
• Carried out an internal examination of mining methods based on experience at the Parcoy Mine in Peru owned by the Company’s strategic partner Consorcio Minero Horizonte (CMH).
The company also completed technical reports in 2011 on its seven properties of merit in the Cauca Belt. The Company continues to evaluate JV opportunities with other parties in efforts to independently add value to these properties.
Plans and Outlook for 2012
In 2012, the Company’s main focus will be on advancing exploration at its flagship Cisneros Project.
Antioquia Gold has the following benchmarks in place for 2012 at Cisneros:
• A 20,000 metre drilling program designed to assist the Company in determining whether the property contains the resources needed to support a production scenario of 600 tonnes per day over a 10 year period;
• Further explore the four additional regional exploration zones identified in 2011 to assess their potential, especially at Bareño and Los Planes;
• Develop an exploration tunnel in the Guaico area to further delineate mining potential, conduct geotechnical and hydrological studies, provide bulk ore samples for metallurgical assessment and access for underground diamond drilling exploration;
• Complete the following technical studies:
o Modernundergroundminingoperationemployingtracklessequipment,
o 600 tpd gold processing facility incorporating previously-owned
equipment sourced in 2011,
o Dry tailings disposal and rock dump areas capable of handling projected
volumes from the above facility;
• Investigate financing alternatives that maximize shareholder value.
Finally, assuming positive results for these benchmarks by the end of 2012, the Company hopes to be in a position to decide whether to proceed with a production scenario, with gold production anticipated in 2014.
Mr. Ian Fraser, Chief Geologist, will be leading the 2012 exploration and drilling program. Mr. Brad Van Den Bussche will lead the Company in its pursuit of new areas for development, including the seven properties of merit in the Cauca Belt. Accordingly, his title will change from VP, Exploration to VP, Business Development effective April 2, 2012.
gsfl
12 years ago
Antioquia Gold Inc. Expands Discovery and Delineation of Gold- bearing Structures at Guaico and La Manuela, Cisneros Project, Colombia
February 2, 2012, Calgary, Alberta: Antioquia Gold Inc. (“Antioquia Gold” or the “Company”) (TSXV: AGD; OTCQX: AGDFX) reports that the Company continues to expand the size of the Guaico deposit by extending the mineralization of the main Guaico vein to depth and delineating and finding new gold-bearing veins in the footwall and hanging wall of the main Guaico vein.
Furthermore, drilling into the La Manuela structure has confirmed the mineralization first encountered in the La Manuela artisanal mine continues along strike and to depth. Refer to Figure 1 for locations.
Select results from the 2011 drilling program for the final 10 holes at the Guaico deposit and the 4 holes from the La Manuela structure include:
Guaico
• 8.10 g/t Au over 4.0 meters, including 20.37 g/t Au over 1.4 meters;
• 15.84 g/t Au over 1.6 meters;
• 2.81 g/t Au over 6.9 meters, including 6.76 g/t Au over 2.7 meters; La Manuela
• 9.22 g/t Au over 1.4 meters
• 3.85 g/t Au over 3.0 meters, including 9.06 g/t Au over 1.3 meters.
Guaico
In 2011 Antioquia Gold Inc. drilled twenty-four (24) drill holes at the Guaico deposit amounting to 5,851 meters of drilling. Currently four (4) individual mineralized zones have been interpreted at Guaico. It is now apparent continued drilling at Guaico is likely to be successful in delineating additional mineralized zones in the footwall and hanging wall of the main Guaico vein, as well as extending the four (4) additional defined veins in the hanging wall and foot wall along strike and to depth. Figure 2 defines the spatial relationship of mineralized veins defined to date at the Guaico deposit and La Manuela structure.
La Manuela
Four (4) drill holes drilled in 2011 amounting to 930 meters were designed to test the continuation of mineralization within the La Manuela artisanal mine along strike and to depth. Average grade of samples collected within the artisanal mine averaged 12.03 g/t Au. Drill hole MNL11-001 intersected the La Manuela structure and returned an intercept of 3.85 g/t Au over 3.0m. Current interpretation of the La Manuela structure suggests a strike length of 110 meters and a depth extent of 230 meters. The La Manuela structure occurs 300 meters west of and parallels the veins of the Guaico deposit and remains open along strike and to depth (Figure 1). This is significant in that it suggest the La Manuela structure has the potential to develop into a multi-zone deposit similar to the Guaico deposit.
Cerro
To finish the 2011 drilling program three (3) holes were drilled at the Cerro prospect area situated some 800 meters east of the Guaico deposit. The drilling at Cerro was to further test a structure identified from surface geochemistry. No significant gold results were encountered however geochemical signatures indicate continued potential for the area.
“As a result of the 2011 drilling program and continued success at intersecting the mineralized veins in the Guaico area, Guaico has been elevated to deposit status. We now have 2 deposits defined on the Cisneros project (Guaico and Guayabito) and are optimistic these are but the first of many to develop from other identified structures and regional targets,” says Brad Van Den Bussche, VP of Exploration for Antioquia Gold.
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.
gsfl
12 years ago
Antioquia Gold Changes Financial Year End and Provides Drilling Update
CALGARY, ALBERTA--(Marketwire - Dec. 16, 2011) - Antioquia Gold Inc. ("Antioquia Gold" or the "Company") (TSX VENTURE:AGD)(OTCQX:AGDXF) announces that on December 14, 2011, the Board of Directors resolved to change the year end of the Company from March 31 to December 31. The change in the financial year end from March 31 to December 31 will allow the Company to provide continuous disclosure information on a comparable basis with its peer group and to align its year end with the year end of its subsidiaries.
The Company's next filing of financial information will include audited consolidated financial statements for the nine-month period ended December 31, 2011. This financial information will be filed on or before April 29, 2012.
The 2011 drilling program at the flagship project, Cisneros was completed on December 3rd, 2011. A total of 18,988 metres, in 84 core holes, were drilled with over 9,600 core samples collected for analysis. Results are still pending on approximately 450 samples and will be released in January 2012 after findings from all remaining assays are received and interpreted. Work is progressing on the geological model and resource calculation for Cisneros and will be released upon completion.
The Company first conducted drilling on the property in mid-2009. Total metres drilled on the Cisneros project to date is 32,315 (163 core holes), of which approximately 20,000 metres (93 core holes) were drilled on the Guayabito and Guaico deposits. Total samples taken to date total 15,153.
Multi-Pennys
13 years ago
AGDXF NEWS!!!
Antioquia Gold Inc. Intersects 22.3 g/t Au Over 3.1m Including 135.6 g/t Au Over 0.5m and Extends the High Grade Gold Mineral...
print
Antioquia Gold Inc. ("Antioquia" or "the Company") (TSX
VENTURE:AGD)(OTCQX:AGDXF) is pleased to announce that the Company has extended
the high-grade gold mineralization at the Papi Vein Structure at its Cisneros
Project, Colombia. Drill hole PAP11-007 intersected 22.25 g/t Au over 3.1
metres, including 34.31 g/t Au over 2.0m and also including 135.6 g/t Au over
0.5 metres.
This summer two (2) additional drill holes (PAP11-006 and PAP11-007, amounting
to 442.3 m drilling) were drilled to test the up plunge extension of
mineralization previously encountered in drill holes PAP11-001 through
PAP11-005.The Papi Vein Structure is a north-east striking, steeply dipping vein
structure that has now been confirmed over a strike length of 200 metres and
remains open along strike and to depth. Refer to Figure 1 for location.
Table 1 illustrates the results of the two (2) new drill holes and also lists
Papi Vein results previously released for comparison purposes.
Table 1. Highlights of 2011 Sampling Results for The Papi Vein Structure
----------------------------------------------------------------------------
Drill Hole From To Length Au (g/t) Ag (g/t) Cu %
(m)(ii)
----------------------------------------------------------------------------
PAP11-006 191.5 195.8 4.3 1.33
----------------------------------------------------------------------------
including 193.9 195.8 1.9 2.23
----------------------------------------------------------------------------
PAP11-007 103.5 106.6 3.1 22.25
----------------------------------------------------------------------------
including 104.6 106.6 2.0 34.31
----------------------------------------------------------------------------
including 104.6 105.1 0.5 135.60 67.9 0.85
----------------------------------------------------------------------------
PAP11-001(i) 262.8 267.0 4.2 31.00
----------------------------------------------------------------------------
including 266.5 267.0 0.5 42.35 32.0 1.60
----------------------------------------------------------------------------
PAP11-003(i) 213.95 215.6 1.65 20.14
----------------------------------------------------------------------------
including 214.45 215.1 0.65 51.00 40.0 0.96
----------------------------------------------------------------------------
Note: (i) indicates results from earlier drilling on Papi Vein and results
released in Press Release May 27, 2011.
(ii)intervals reported are drilled thickness and may not represent
true width.
The Papi Vein Structure was discovered during the 2011 drilling program, and is
in addition to the new discoveries at the Chamuela and Soroma structures (refer
to Figure 1) reported in the press release of September 12, 2011. The north-east
strike of 030 degrees for the Papi Vein Structure is consistent with other vein
structures currently being delineated by drilling on the Cisneros Project and
Antioquia Gold is optimistic continued drilling on the Papi Vein Structure will
not only enhance the discovery, but also uncover additional en-echelon vein
structures.
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 29,000 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
For further information on Antioquia Gold Inc., visit our website at
www.antioquiagoldinc.com.
You can also follow Antioquia Gold Inc. 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 the Figure 1 Cisneros Project - Exploration Areas, including Papi,
please visit the following link:
http://media3.marketwire.com/docs/Cisneros915.pdf.
gsfl
13 years ago
Antioquia Gold Inc. Commences Trading on the U.S. - OTCQX
September 8, 2011, Calgary, Alberta: Antioquia Gold Inc. (“Antioquia” or the “Company”) (TSX-V: AGD; OTCQX: AGDXF) is pleased to announce that the Company’s shares commenced trading today on the OTCQX, the U.S. Over-The- Counter (OTC) market’s highest tier, under the symbol AGDXF.
OTCQX securities are quoted on the OTC Link platform, the third largest U.S. equity trading venue. U.S. investors will be able to find the Company’s current financial disclosure, news releases, and real time level 2 quotes on www.OTCQX.com or www.otcmarkets.com.
“Interest in Antioquia from U.S. investors has been with us since our beginning and is increasing,” Rick Thibault, President and CEO, was quoted as saying. “So to provide better access and ease in making investment decisions for our current and future U.S. shareholders we have joined the OTCQX.”
The OTCQX is the most prestigious of the three tiers of the OTC, and is recognized as a quality-controlled marketplace in the United States for investor- friendly companies. In 2010, securities on the OTC platform traded over $144 billion in dollar volume.
Antioquia has engaged the services of Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR), a financial services firm based in San Francisco focused on fast-growing companies and the institutions that invest in them, to serve as the Company’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements. Merriman Capital, Inc. is a member of FINRA and SIPC.
Furthermore the Company’s information will be made available via Standard & Poor’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor’s Advisor Insight and to be published in the Daily News section of the Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under the Blue Sky Laws.
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
1
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 29,000 meters and is well versed in the understanding of the deposit type and the project’s path to resource definition and production.
gsfl
13 years ago
News Release – ANTIOQUIA GOLD UNVEILS 2011 EXPLORATION PROGRAM IN COLOMBIA; GRANTS STOCK OPTIONS
March 25, 2011 Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) today announced its expanded exploration plan amounting to $8.2 million in approved and allocated expenditures for its Colombian projects over the next twelve months ending March 2012. The majority of expenditures are assigned to the Company’s flagship Cisneros Project in Antioquia, Colombia.
At the Cisneros Project a regional exploration program comprised of airborne geophysics interpretation and target identification will be utilized on the remaining +5,000 hectares outside the immediate Guayabito and La Manuela areas which have not been systematically explored to date. The program will follow the same methodical approach used on the Guayabito and La Manuela areas that have proven successful in discovering and interpreting mineralized gold structures.
On the Guayabito and La Manuela areas themselves additional geophysics, geochemistry, soil sampling, trenching and evaluation of old tunnels will be completed in order to evaluate and prioritize new targets as part of a 15,000 metre diamond drilling program. Other work will be conducted in geological modelling, preliminary mine planning, design and logistics of exploration tunnels, land acquisition and infrastructure development to support the accelerated exploration program.
The existing drill targets at Guayabito and La Manuela, discovered in the 2009 and 2010 programs, are being drilled to expand the size of the several structures found to date both along strike and in depth. Additional drilling will determine which of the identified structures may be of sufficient size to support exploration tunnels to expand the mineral resources.
Funds have also been allocated to exploration on the six Strategic Properties located in the Cauca Porphyry belt of Colombia. Although considerable interest in joint venturing these properties has been expressed by several companies, Antioquia intends to advance its knowledge base on the Strategic Properties prior to finalizing any business arrangements.
AGD has granted, subject to TSX-V approval, options to acquire a total of 250,000 common shares of AGD to an officer and a consultant, in accordance with the terms of their contracts with the Company, at an exercise price of $0.32 per share, vesting immediately and expiring if unexercised on March 25, 2016, in accordance with the existing stock option plan.
About Antioquia Gold Inc.
Antioquia is a precious metal exploration company active with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 55 kilometres northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 14,000 metres,
1
conducted extensive ground and airborne geophysical programs and is well versed in the understanding of the deposit type and the project’s path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the company's +37,500 hectare land package located throughout Colombia.
On behalf of Antioquia Gold Inc. Rick Thibault, President.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com or contact:
Bob Leshchyshen CHF Investor Relations bob@chfir.com
or Cathy Hume Tel: 416-868-1079 cathy@chfir.com
To receive Company news by email, contact Nadine at info@antioquiagoldinc.com and mention “Antioquia news” in the subject line.
gsfl
13 years ago
ANTIOQUIA GOLD COMMENCES 2011 DRILLING PROGRAM AT CISNEROS IN COLOMBIA
February 22, 2011 Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce the commencement of the 2011 drill program at the Cisneros Project in Antioquia, Colombia. The planned 10,000m diamond drill program will be primarily focused on targets within the Pacho Luis and Manuela concessions.
Surface geochemistry, trenching, and ground geophysical anomalies coincident with underground artisanal mining has defined several new drill targets on the Pacho Luis concession (Papi and El Cerro) which will be the first to be drilled. On the Manuela concession the 2011 drill program will also extend the previously drilled Nus and Guiaco structures along strike and to depth and will test IP targets that are coincident with soil and surface geochemical anomalies in the vicinity of artisanal mining within the Manuela concession. Antioquia continues to evaluate results at the Guayabito prospect obtained at the end of 2010 and anticipates additional drilling at Guayabito in 2011 intended to extend gold mineralization along both strike and to depth.
MPX Geophysics Ltd. has completed the previously announced 1,500 line kilometre helicopter-borne geophysical (magnetometer and radiometric) survey at the Cisneros Project (refer to press release of February 17, 2010). The geophysical survey covered the entire 5,360 hectare project area and final interpretation is expected sometime in March. The results will assist in further defining the overall 2011 drill program.
About Antioquia Gold Inc.
Antioquia is a precious metal exploration company with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 55 kilometres northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 13,000 metres, conducted extensive ground geophysical programs and is well versed in the understanding of the deposit type and the project’s path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the company's +37,500 hectare land package located throughout Colombia.
gsfl
13 years ago
Antioquia Commences Airborne Geophysical Survey at Cisneros
CALGARY, ALBERTA, Feb. 17, 2011 (Marketwire) --
Antioquia Gold Inc. (TSX VENTURE:AGD) is pleased to announce the commencement of a 1,500 line kilometre helicopter-borne geophysical (magnetometer and radiometric) survey at the Cisneros Project in Colombia. The survey will cover the entire 5,360 hectare project area and is being flown at 50m line spacing, with 500m tie lines. MPX Geophysics Ltd. of Ontario, Canada has been contracted to complete the survey.
The Company intends to use the airborne survey to further define structures, which are known to be the main control on mineralization on the Cisneros Project. The survey will also help identify any additional intrusive related mineralization within the complete project area, similar to what is known to exist nearby. The survey is expected to be completed next week, with final interpretation released in March.
About Antioquia Gold Inc.
Antioquia is a precious metal exploration company with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 kilometres northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 13,000 metres, conducted extensive ground geophysical programs and is well versed in the understanding of the deposit type and the project's path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the company's +37,500 hectare land package located throughout Colombia.
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.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com.
To receive Company news by email, contact holly@chfir.com and mention "Antioquia Gold" news in the subject line.
Forward-Looking Statements: This press release may contain forward-looking statements. In particular, this press release contains forward-looking statements relating to the timing of completion of the geophysical survey. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Antioquia Gold Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Antioquia Gold Inc. and its management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Except as required by law, Antioquia undertakes no obligation to publicly update or revise any forward-looking statements.
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.
Antioquia Gold Inc.
President
403-457-GOLD
rthibault@antioquiagoldinc.com
CHF Investor Relations
416-868-1079 x 231
cathy@chfir.com
CHF Investor Relations
416-868-1079 x 223
bob@chfir.com
gsfl
13 years ago
ANTIOQUIA GOLD ANNOUNCES A $7.8 MILLION NON-BROKERED PRIVATE PLACEMENT
January 21, 2011, Calgary, Alberta - Antioquia Gold Inc. (TSX-V: AGD) (“Antioquia”) is pleased to announce that it has agreed to the terms of a non-brokered private placement (“Private Placement”) for up to 19,455,495 common shares of Antioquia at a price of Cdn$0.40 per common share for gross proceeds to Antioquia of up to Cdn$7,782,198. The proceeds of the private placement will be used primarily to accelerate exploration efforts at Antioquia’s principal asset the Cisneros Project located 70 kilometres northeast of Medéllin in the Department of Antioquia, Colombia.
The Private Placement will be subscribed by Desafio Minero S.A.C. (“Desafio”) which previously completed a non-brokered offering and entered into a Strategic Alliance Agreement with Antioquia on August 13, 2010. Closing of the Private Placement is expected to occur on or before January 31, 2011, and is subject to acceptance by applicable securities regulatory authorities including the TSX Venture Exchange.
Desafio is the exploration arm of Consorcio Minero Horizonte S.A. (“Horizonte”), the fifth largest gold producer and second largest underground gold producer in Peru, producing approximately 200,000 ounces of gold in 2010. Horizonte and Desafio are both privately held and controlled by the Navarro-Grau Group (“Group”). In addition to its producing mines, the Group has a strong pipeline of projects at the exploration and development stage, and is actively involved in expanding its operational footprint and developing new mining opportunities in Peru and other parts of Latin America.
The funds from the Private Placement will be used to aggressively accelerate the current surface exploration program to expand the drill targets and potential gold bearing structures. Development of two underground tunnels will also be initiated to facilitate further drilling on the Guayabito and La Manuela structures and provide data for grade control and resource estimation and to facilitate bulk samples for future metallurgical test work.
Richard Thibault, President and CEO of Antioquia, commented, “The investment by Desafio provides Antioquia with the funds needed to accelerate the exploration program at the Cisneros Project. We are also fortunate to be able to draw on Horizonte’s 32 years of experience in the exploration, development and operation of this type of underground narrow-vein deposit. This experience will become increasingly important as the Cisneros project passes onto development and production.”
Felix Navarro-Grau Hurtado, a Board Director of Desafio, commented, “We believe that this participation demonstrates a further endorsement of Antioquia and the Cisneros Project by Desafio; and our desire to strengthen our relationship and cooperation to continue advancing the exploration programs.”
Antioquia Gold Inc.
Antioquia is a precious metal exploration company with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 km northeast of Medéllin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 13,300 metres, conducted extensive geophysical programs and is well versed in the understanding of the deposit type and the project’s path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the Company's 37,500- hectare land package located throughout Colombia.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com or contact:
Rick Thibault, President Antioquia Gold Inc. 403-457-GOLD rthibault@antioquiagoldinc.com
Cathy Hume CHF Investor Relations
416-868-1079 x231
cathy@chfir.com
Bob Leshchyshen CHF Investor Relations 416-868-1079 x223 bob@chfir.com
To receive Company news by email, contact holly@chfir.com and mention “Antioquia Gold” news in the subject line.
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.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein constitute forward-looking statements, including statements concerning the anticipated closing date and use of proceeds. We believe the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that the expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. The forward-looking statements included in this press release are made as of the date of this press release and Antioquia disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
gsfl
13 years ago
Antioquia Gold's Latest Drilling Intersected New Mineralized Structures at Cisneros in Colombia
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On Wednesday January 12, 2011, 9:10 am EST
CALGARY, ALBERTA--(Marketwire - Jan. 12, 2011) - Antioquia Gold Inc. (NYSE:AGD) Antioquia today announced continued success of the drilling program in expanding the extent of the known structures and the latest drill results from the four remaining holes in the current drilling program on its Guayabito Prospect at the Cisneros Gold project in Colombia (holes PC10-46 through PC10-49).
Results continue to demonstrate zones of high grade gold mineralization in the Guayabito area and augment those previously reported in press releases (December 21, 2009; January 25, 2010; June 14, 2010; August 9, 2010; September 27, 2010 and December 20, 2010). Mineralized structures were encountered in all of the final four holes of the 2010 drill program. Drilled intersections continue to define the system of sub-parallel mineralized structures previously defined. The structures in this system remain open to depth and to the east.
Hole PC10-48 intersected two new mineralized structures parallel to and to the east of the previously drilled structures. The second of these structures is interpreted as relating to one of the IP (Induced Polarization) ground geophysical anomalies (refer to press release dated December 1, 2010) to the east of the main Guayabito structural system. The new structure is predicted to extend some 300 metres to the north based on the IP interpretation. Future drill programs will continue to test further IP ground geophysical targets at depth in search of additional mineralized structural systems like Guayabito within the Cisneros Project area.
"The results from the 2010 program are extremely encouraging and important to our understanding of the overall Cisneros project and controls on mineralization," said Brad Van Den Bussche, VP Exploration, Antioquia Gold. "The fact that we are able to predict and intersect mineralized structures in the majority of the drill holes is significant. The 2010 drilling has validated our model and structural interpretation of the Guayabito Prospect and expanded its size and potential."
Highlights include drill hole PC10-46 encountering 2.5 metres at 8.8 g/t gold, and PC10-47 encountering 1.75 metres at 8.8 g/t gold. Table 1 below shows significant intersections and gold values from the latest drill program.
Table 1 - Select drill hole intercepts, January 2011.
----------------------------------------------------------------------------
Drill From To Interval(i) GOLD
Hole No. (metres) (metres) (metres) (grams/tonne)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PC10-46 92.83 95.88 3.05 4.58
including 92.83 93.68 0.85 13.52
132.30 134.80 2.50 8.82
----------------------------------------------------------------------------
PC10-47 49.70 50.25 0.55 24.55
85.35 87.10 1.75 8.81
----------------------------------------------------------------------------
PC10-48 178.50 179.50 1.00 5.15
including 179.00 179.50 0.50 9.98
246.30 248.00 1.70 2.28
including 246.30 246.67 0.37 10.43
----------------------------------------------------------------------------
PC10-49 72.30 74.30 2.00 3.34
including 73.30 74.30 1.00 6.06
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i)(interval reported is drilled thickness and may not represent true width)
Drilling and geological modeling to date has identified a series of parallel structures on the Guayabito prospect area containing high grade mineralization in a plane oriented (striking) approximately north-south and vertical. Two of these structures (Bolo and Guayabito) have been traced over approximately 150m along strike to the north and to a depth of 325m on the property. As previously reported these structures are dominated by mineralization consisting of quartz and sulphides (chalcopyrite, and pyrite). The gold is closely associated with sulphides and quartz.
Drilling has continued to validate the model and structural interpretation provided by Bob Casaceli, a highly-respected geologist with 35+ years of experience with gold systems, like Cisneros. He suggested that the east-west driving structures have acted as left-lateral strike-slip faults that have locally created en echelon dilational jogs with maximum extension having been developed along secondary north-south faults, such as the structures currently being drilled at Guayabito, where attendant low-pressure zones favored fluid injection and subsequent gold deposition. This interpretation explains why higher gold grades at Cisneros tend to occur along north-south faults and along east-west faults near intersections with north-south faults.
Total drilling to date on the Cisneros project is approximately 13,343 metres of core drilling in 79 holes. The Antioquia team is currently working on updating the geological model and working on internal resource evaluation for the project to date. The Company intends to continue with an aggressive drilling program of 10,000+ metres in late February as well as begin work on two planned exploration tunnels. The tunnels are intended to provide access to the deeper reaches of the deposit for underground drilling and to obtain bulk samples for grade control and metallurgical testing (press release dated December 8, 2010).
About Antioquia Gold Inc.
Antioquia is a precious metal exploration company with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 km northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 13,300 metres, conducted extensive geophysical programs and is well versed in the understanding of the deposit type and the project's path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the Company's 37,500 hectare land package located throughout Colombia.
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.
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 SGS laboratories in Medellin, Colombia.
Prepared samples are direct-shipped to SGS Laboratories in Lima, Peru, an ISO certified laboratory, for analysis. Assay for gold is performed by fire assay with 30 g charge and AAS finish, with a gravimetric finish for over limit samples.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com.
To receive Company news by email, contact holly@chfir.com and mention "Antioquia Gold" news in the subject line.
Forward-Looking Statements: This press 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 recently conducted metallurgical tests are indicative of the needs, or applicable methods, of the overall project. There is no certainty that the diamond drilling will commence when indicated. 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 Company 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 Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with 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.
gsfl
13 years ago
Antioquia Announces More Gold Assayed From Cisneros
CALGARY, ALBERTA, Dec. 21, 2010 (Marketwire) -- Antioquia Gold Inc. (TSX VENTURE:AGD) -
Antioquia announced continued success of the drilling program in expanding the extent of the known structures and the latest drill results from eight additional holes on its Guayabito Prospect at the Cisneros Gold project in Colombia (holes PC10-38 through PC10-45).
Results of this report continue to demonstrate zones of high grade gold mineralization in the Guayabito area and augment those previously reported in press releases from (December 21, 2009; January 25, 2010; June 14, 2010; August 9, 2010; and September 27, 2010). All eight holes encountered at least one, and as many as seven, mineralized structures. Drilled intersections continue to expand to the north and down dip the extent of the Bolo and Guayabito structures previously defined. In addition, many of the intersections represent new parallel and sub parallel structures associated with the overall Guayabito prospect adding a greater resource potential to the prospect. These structures remain open to depth.
"The results from these additional eight holes are highly encouraging," said Rick Thibault, President and CEO, Antioquia Gold. "Drilling has continued to validate our model and structural interpretation on the Guayabito Prospect and to expand its size and potential."
Highlights include drill hole PC10-38 encountering 3.4 metres at 4.3 g/t gold, PC10-39 encountering 1.25 metres at 10 g/t gold and PC10-41 encountering 1.4 metres at 12.1 g/t gold (including 0.4 metres at 42.3 g/t gold). Table 1 below shows significant intersections and gold values from the latest drill program.
Table 1 - Select drill hole intercepts, December 2010.
----------------------------------------------------------------------------
Drill Hole From To Interval GOLD
No. (metres) (metres) (metres)(i) (grams/tonne)
----------------------------------------------------------------------------
PC10-38 31.85 35.20 3.35 4.29
242.90 244.25 1.35 3.90
----------------------------------------------------------------------------
PC10-39 180.65 181.90 1.25 9.96
including 180.65 181.27 0.62 18.75
----------------------------------------------------------------------------
PC10-40 104.50 106.00 1.50 7.31
150.75 152.04 1.29 5.66
----------------------------------------------------------------------------
PC10-41 151.40 153.05 1.65 5.41
179.00 180.40 1.40 12.09
including 179.50 179.90 0.40 42.27
----------------------------------------------------------------------------
PC10-43 364.22 365.40 1.18 6.09
including 364.52 364.82 0.30 20.99
----------------------------------------------------------------------------
PC10-44 33.90 35.05 1.15 7.66
101.95 103.25 1.30 4.15
----------------------------------------------------------------------------
PC10-45 380.75 382.80 2.05 1.58
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i)(interval reported is drilled thickness and may not represent true width)
Drilling and geological modeling to date has identified a series of parallel structures on the Guayabito prospect area containing high grade mineralization in a plane oriented (striking) approximately north south and vertical. Two of these structures (Bolo and Guayabito) have been traced over approximately 150m along strike to the north and to a depth of 325m on the property. As previously reported these structures are dominated by mineralization consisting of quartz and sulphides (chalcopyrite, and pyrite). Gold is closely associated with sulphides and quartz.
Drilling has continued to validate the model and structural interpretation provided by Bob Casaceli. He suggests that the east-west driving structures have acted as left-lateral strike-slip faults that have locally created en echelon dilational jogs with maximum extension having been developed along secondary north-south faults, such as the structures currently being drilled at Guayabito, where attendant low-pressure zones favored fluid injection and subsequent gold deposition. This interpretation explains why higher gold grades at Cisneros tend to occur along north-south faults and along east-west faults near intersections with north-south faults
The drill program was shutdown on December 16, for the remainder of the year. This brings the total drilling on the Cisneros project to over 13,000 metres of core drilling in 79 holes. Four drill holes are pending and results will be available early January 2011.
About Antioquia Gold Inc.
Antioquia is a precious metal exploration company with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 km northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 11,000 meters, conducted extensive geophysical programs and is well versed in the understanding of the deposit type and the project's path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the company's 37,500 hectare land package located throughout Colombia.
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.
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 SGS laboratories in Medellin, Colombia.
Prepared samples are direct-shipped to SGS Laboratories in Lima, Peru, an ISO certified laboratory, for analysis. Assay for gold is performed by fire assay with 30 g charge and AAS finish, with a gravimetric finish for over limit samples.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com.
To receive Company news by email, contact holly@chfir.com and mention "Antioquia Gold" news in the subject line.
gsfl
13 years ago
ANTIOQUIA Defines 20+ New Drill Targets from IP Ground Geophysical Program at the Cisneros Project in Colombia
December 1, 2010, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce the results of the IP (Induced Polarization) ground geophysical survey completed on the Company’s flagship Cisneros property, located in Antioquia, Colombia.
As previously announced the Company contracted Jose Arce Geophysics from Lima, Peru to conduct an IP ground geophysical survey which consisted of two grids. The first grid comprised 13.5 line kilometres in 11 east-west lines designed to delineate the Bolo and Guayabito structures to the north and to identify additional parallel mineralized structures in the Guayabito area. The second grid comprised 9.8 kilometres in 7 east-west lines to map mineralized structures in the Guaico – Nus – Manuela - Chapulin areas (Figure 1).
“The success of this type of geophysical survey at the Parcoy Mine in Peru (owned by Consorcio Minero Horizonte, an associated company of Antioquia’s Strategic Partner, Desafio Minero S.A.C.) was the deciding factor to implement here”, stated Vice President of Exploration, Brad Van Den Bussche. “The Parcoy Mine appears to be geologically analogous to Antioquia’s Cisneros deposit and produces over 180,000 ounces of gold per year.”
The field work was conducted in September and October 2010 and the data was subsequently subjected to 2D and 3D processing and modelling. Ultimately a map was produced for each area (Figures 2 and 3) showing interpreted geophysical structures with responses often indicative of sulphides, which in Cisneros are associated with gold. In total more than 20 target structures have been identified from surface to approximately 300 meters vertically in the two grid areas, with interpreted strike lengths of up to 600 meters.
The Guayabito prospect area, the main focus of exploration to date and where the Company is currently drilling up a resource base, is represented by a single point target anomaly on line LG-3 (refer to Figure 2). This opens up a tremendous amount of new exploration targets, many of which could have greater potential than the current Guayabito target. The exploration team is very encouraged and optimistic of the potential that the IP ground geophysical surveys have identified at Cisneros. The surveys completed to date represent less than 5% of the total land package of 5,630 hectares at Cisneros, thus, this method of exploration could provide the Company with a multitude of additional mineral targets.
Part of the current drilling program is dedicated to proving up an interpreted mineralized structure to the east of Guayabito. Drilling is ongoing and results are expected to be available by year end. Additional work is in progress correlating the new IP data with the extensive ground magnetometer and geochemistry data that exists at Cisneros to further define and prioritise these structures and drill targets.
gsfl
13 years ago
Antioquia Gold Announces Conversion of Special Warrant for Gross Proceeds of $808,540
CALGARY, ALBERTA, Oct. 29, 2010 (Marketwire) -- Antioquia Gold Inc. (TSX VENTURE:AGD) ("Antioquia" or the "Corporation") is pleased to announce that further to its previously-completed common shares and special warrant financing, (as described in more detail in the Corporation's press release dated August 13, 2010), the special warrant issued to Desafio Minero S.A.C. has been converted to 4,042,700 common shares of the Corporation, and aggregate gross proceeds of $808,540 which were previously held in escrow have been released to the Corporation.
Antioquia Gold Inc.
Antioquia is a mineral exploration company focused on searching out precious metals and other mineral opportunities in Colombia. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia. The Cisneros Project forms the nucleus of the company's 37,000 hectare land package located throughout Colombia.
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.
Antioquia Gold Inc. President 403-457-GOLD rthibault@antioquiagoldinc.com www.antioquiagoldinc.com
gsfl
13 years ago
Antioquia Gold Grants Stock Options and Appoints Officers
CALGARY, ALBERTA, Oct. 27, 2010 (Marketwire) -- Antioquia Gold Inc. (TSX VENTURE:AGD) announces that it has granted, subject to TSX-V approval, options to acquire a total of 1,070,000 common shares of Antioquia to certain directors, officers, consultants and employees in Colombia, at an exercise price of $0.35 per share, vesting immediately and expiring if unexercised on October 26, 2015, in accordance with the existing stock option plan.
Antioquia announces that the Board of Directors has re-appointed Mr. Richard A. Thibault, President and CEO; Mr. Brad Van Den Bussche, Vice President Exploration; Ms. JoAnne Dorval-Dronyk, CFO and Corporate Secretary; and has appointed Mr. James H. Decker, a director, Executive Chairman.
Antioquia is a mineral exploration company focused on searching out precious metals and other mineral opportunities in Colombia. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia. The Cisneros Project forms the nucleus of the company's 37,000 hectare land package located throughout Colombia.
gsfl
14 years ago
The Gold Report Interview with Chris Berry and Miller O'Prey (10/18/2010)
Miller O'Prey: I did some work for [Antioquia] a few years ago. They have a project very close to Medellin, about two hours away, with very good infrastructure and some very interesting drill intersections. They have a great team of geologists and have gone about their exploration very professionally. I think they have a very good chance for success. Chris knows a little more about them.
Chris Berry: I would certainly agree with Antioquia Gold as one of Miller's picks. I find them intriguing for a number of reasons. They're working on about 5,600 hectares of land near Cisneros right now, and they're getting some good results on their drilling. One of the things I like is that Rick Thibault, the CEO, has created a pipeline of projects. . .they have another 32,000 hectares in Colombia they haven't even looked at yet. So, if you think about their pipeline potential, they've got this locked up in their back pocket, which bodes well for the future.
Another interesting thing Antioquia has done is to combine forces with a strategic partner, Desafio Minero S.A.C., a private Peruvian company that is mining about 200,000 ounces of gold per year in Peru. I'm also encouraged by the fact that because of this new partnership, Antioquia has been able to immediately leverage the geologic expertise of Desafio and has realized that the geology in Cisneros is very similar to the geology of Desafio's Peruvian mining operation.
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