Antioquia Gold Reports Additional High-Grade Gold Intersections at Its Cisneros Project in Colombia, Highlighted by 19.56 g/t...
October 20 2011 - 8:00AM
Marketwired
Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX
VENTURE:AGD)(OTCQX:AGDXF) is pleased to announce the discovery of a
second vein system in the footwall of the Guaico structure at its
Cisneros Project in Colombia. Drilling also continues to define the
primary structure at Guaico along strike and to depth. Significant
intersections in this recent round of drilling include:
-- 19.56 g/t Au over 3.50 meters, including 33.68 g/t Au over 2.00 meters;
-- 34.08 g/t Au over 2.0 meters, including 135.90 g/t Au over 0.50 meters
and;
-- 15.12 g/t Au over 3.70 meters, including 103.10 g/t Au over 0.50 meters.
For reference Figures 1 and 2 are included to provide the
overall location and drill hole positions. Table 1 below provides a
summary of results from the Guaico structure.
Delineation drilling at the Guaico structure has resulted in the
discovery of a second parallel vein system, reporting in hole
GC011-009 a grade of 14.20 g/t Au over 1.60 meters, in the footwall
of the previously known Guaico (primary) vein (Figure 2). It is
very apparent that the Guaico structure, originally assumed to be a
single structural unit, can now be interpreted as at least two,
parallel, en-echelon gold-bearing veins striking to the northeast
and having a combined and confirmed strike length of at least 200
meters. The Guaico structure and mineralization has been
intersected 300 meters below surface and remains open to depth.
Select results of ten (10) drill holes; GCO11-005 through
GCO11-014 amounting to 2,349 meters of diamond drilling are listed
in the following Table 1 along with some of the intercepts
previously released:
Table 1
----------------------------------------------------------------------------
Drill Hole From To Length (m)(i) Au (g/t)
----------------------------------------------------------------------------
GCO11-001(ii) 119.9 122.2 2.30 22.72
----------------------------------------------------------------------------
GCO11-005 244.0 247.9 3.90 4.89
----------------------------------------------------------------------------
including 244.0 244.5 0.50 30.20
----------------------------------------------------------------------------
GCO11-006 147.9 149.4 1.50 3.54
----------------------------------------------------------------------------
including 148.4 148.9 0.50 10.60
----------------------------------------------------------------------------
GCO11-006 156.6 160.4 3.80 6.53
----------------------------------------------------------------------------
including 156.6 157.1 0.50 47.50
----------------------------------------------------------------------------
GCO11-006 163.2 164.7 1.50 3.34
----------------------------------------------------------------------------
GCO11-006 166.8 170.5 3.70 15.12
----------------------------------------------------------------------------
including 166.8 168.3 1.50 34.38
----------------------------------------------------------------------------
including 166.8 167.3 0.50 103.1
----------------------------------------------------------------------------
GCO11-007 45.5 47.0 1.50 3.48
----------------------------------------------------------------------------
GCO11-007 143.65 145.4 1.75 2.28
----------------------------------------------------------------------------
GCO11-007 151.6 155.9 4.30 3.67
----------------------------------------------------------------------------
including 151.6 153.4 1.80 6.01
----------------------------------------------------------------------------
GCO11-007 226.5 228.5 2.00 34.08
----------------------------------------------------------------------------
including 226.5 227.0 0.50 135.9
----------------------------------------------------------------------------
GCO11-008 158.15 162.75 4.60 1.55
----------------------------------------------------------------------------
including 160.8 162.75 1.95 3.37
----------------------------------------------------------------------------
GCO11-009 66.45 68.05 1.60 14.2
----------------------------------------------------------------------------
GCO11-009 94.05 97.55 3.50 19.56
----------------------------------------------------------------------------
including 94.05 96.05 2.00 33.68
----------------------------------------------------------------------------
GCO11-010 96.0 97.5 1.50 7.91
----------------------------------------------------------------------------
GCO11-010 134.8 137.1 2.30 11.85
----------------------------------------------------------------------------
GCO11-011 No significant results
----------------------------------------------------------------------------
GCO11-012 220.10 221.65 1.55 18.22
----------------------------------------------------------------------------
including 220.55 221.05 0.50 55.60
----------------------------------------------------------------------------
GCO11-012 245.9 247.2 1.30 1.21
----------------------------------------------------------------------------
GCO11-013 No significant results
----------------------------------------------------------------------------
GCO11-014 86.95 88.5 1.55 1.42
----------------------------------------------------------------------------
GCO11-014 107.05 108.55 1.50 1.13
----------------------------------------------------------------------------
Note: (i) Intervals reported are drilled thickness and may not represent
true width.
(ii) Intercept previously released in Press Release of June 28, 2011
To understand and appreciate the increasing size and resource
potential of the Cisneros Project please refer to the recent press
releases of September 12th, 15th, and 21st, 2011 respectively.
"This newest set of results and vein discovery at the Guaico
structure provide additional encouragement to the Antioquia Team as
they progress on a resource calculation for the Cisneros Project.
This new information also assists in the move towards the
exploration tunnels and a production decision," commented Rick
Thibault, President and CEO of Antioquia Gold Inc.
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 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 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 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 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 Figure 1 Cisneros Project - Current Exploration and
Drilling Areas including Guaico, please visit the following link:
http://media3.marketwire.com/docs/Figure1Cisneros%20Project.pdf.
To view Figure 2 Cisneros Project - Veins at the Guaico
Structure, please visit the following link:
http://media3.marketwire.com/docs/Figure2CisnerosProject.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: CHF Investor Relations Cathy Hume CEO 416-868-1079
x231cathy@chfir.com CHF Investor Relations Juliet Heading Account
Manager 416-868-1079 x239juliet@chfir.com
Antioqua Gold (CE) (USOTC:AGDXF)
Historical Stock Chart
From Nov 2024 to Dec 2024
Antioqua Gold (CE) (USOTC:AGDXF)
Historical Stock Chart
From Dec 2023 to Dec 2024
