Antioquia Gold Completes Phase 2 Drilling and Extends Guaico Mineralization to Depth With Positive Results

Antioquia Gold Inc. ("Antioquia Gold") (TSX VENTURE:AGD)(OTCQX:AGDXF) is pleased
to announce Phase 2 drilling at the Guaico deposit, at its flagship Cisneros
Project in Colombia, has been completed and has extended the Guaico
mineralization to a vertical depth of 350 metres. 


Positive results have been received for 7 of the 12 drill holes drilled at
Guaico with results for the remaining 5 holes expected in 3 to 4 weeks.
Highlights of the results of the seven holes received to date can be found in
Table 1 below. These include; 10.8 g/t Au over 6.6 metres, including 33.2 g/t Au
over 1.8 metres in drill hole GCO12-029 and 12.4 g/t Au over 3.85 metres,
including 32.7 g/t Au over 1.5 metres in drill hole GCO12-027. Drill hole
locations are illustrated in Figure 1 and a Composite Section view of the Guaico
deposit illustrating structures defined to date, along with 2012 extensions to
these structures (Figure 2) are attached and can be found on the company's
website; link to www.antioquiagoldinc.com.


Table 1. Highlights of Phase-2 Drilling; Guaico Deposit.



----------------------------------------------------------------------------
                                                    Length                  
Drill Hole                        From       To     (m)(i) Au (g/t)   Cu (%)
----------------------------------------------------------------------------
GCO12-025                       214.10   215.80       1.70    0.806         
----------------------------------------------------------------------------
GCO12-026                       132.65   136.15       3.50    2.082         
----------------------------------------------------------------------------
Including                       134.80   136.15       1.35    4.228         
----------------------------------------------------------------------------
GCO12-027                       155.70   159.55       3.85   12.398         
----------------------------------------------------------------------------
Including                       158.10   159.55       1.45   32.670         
----------------------------------------------------------------------------
GCO12-027                       177.85   180.20       2.35    6.893         
----------------------------------------------------------------------------
Including                       177.85   179.20       1.35   11.910         
----------------------------------------------------------------------------
GCO12-027                       188.20   190.50       2.30    3.457         
----------------------------------------------------------------------------
GCO12-028                        82.90    85.00       2.10    2.276         
----------------------------------------------------------------------------
GCO12-029                       295.40   296.90       1.50    1.589         
----------------------------------------------------------------------------
GCO12-029                       343.15   349.75       6.60   10.837         
----------------------------------------------------------------------------
Including                       343.15   344.35       1.20   10.982         
----------------------------------------------------------------------------
Including                       347.50   349.25       1.75   33.229         
----------------------------------------------------------------------------
Including                       348.40   349.25       0.85             2.260
----------------------------------------------------------------------------
GCO12-029                       455.10   472.10      17.00    0.348         
----------------------------------------------------------------------------
Including                       467.05   468.60       1.55    2.463         
----------------------------------------------------------------------------
GCO12-029                       455.10   484.10      29.00             0.349
----------------------------------------------------------------------------
Including                       479.90   482.20       2.30             1.578
----------------------------------------------------------------------------
GCO12-030                        32.95    35.35       2.40    7.002         
----------------------------------------------------------------------------
Including                        32.95    34.80       1.85    9.074         
----------------------------------------------------------------------------
GCO12-031                       180.25   181.60       1.35    0.423         
----------------------------------------------------------------------------
Note: (i)Intervals reported are drilled thickness and may not represent true
 width.                                                                     



Phase 2 drilling commenced on June 26, 2012 with 4,393.4 metres of drilling
completed at the Guaico deposit.


Drilling during 2012 at the Guaico deposit has been successful in further
delineating the various structures comprising the Guaico deposit and all
mineralized structures defined remain open to depth and along strike. Drill hole
GCO12-031 intersected anomalous gold north of the Cisneros Fault suggesting that
the Guaico mineralized system continues north of this fault. Furthermore, the
company is also extremely encouraged by the presence of a broad Au+Ag+Cu
mineralized system intersected at depth in GCO12-029. This zone, defined by
0.348 g/t Au over 17.0 metres and 0.349% Cu over 29.0 metres (plus significant
Ag), is suggestive of a separate mineralized system occurring at Guaico, the
significance of which remains to be defined by drilling.


Phase 3 of the 2012 drilling program is currently ongoing with 4 holes totaling
2,000 metres at the Guayabito deposit; these holes are to follow-up on successes
from earlier this year (refer to press release of August 8, 2012). Once these
holes have been completed in early October 2012, the drilling program will be
suspended until January 2013. This will allow all results to be compiled, the
geological model to be modified and an NI 43-101 resource report prepared.


We refer readers to the March 12, 2012, August 8, 2012 and September 11, 2012
News Releases for further information regarding the 2012 drill program and
Cisneros Project. 


"The occurrence of high-grade gold mineralization at depth and anomalous gold
mineralization north of the Cisneros Fault is extremely encouraging at Guaico.
The deep mineralization immediately increases the size of the Guaico deposit.
Mineralization occurring along strike and north of the Cisneros Fault suggests
additional drilling at Guaico could increase deposit size along strike as well",
comments Ian Fraser, Chief Geologist for Antioquia Gold. 


Regional exploration of 9 identified targets at the Cisneros project continues
in order to define drill targets to be tested in 2013. Field work is comprised
of geological mapping, prospecting and soil geochemical profiles. The Cisneros
property regional exploration program is an integral part of Antioquia Gold's
future as it is designed to confirm the potential and the extent of multiple
gold occurrences on the Cisneros property. 


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 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 nine additional regional exploration
zones adding significant exploration potential to the overall property, the
Company's plans for exploration in 2012, including the plans for the remaining
2,000 metres of drilling, are forward-looking statements. Forward-looking
statements are based on management's 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 fund its exploration plans. These and other
risks are described in the Company's Annual Information Form and other 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. 


To view the Figures associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/antif27.pdf
Antioquia Gold (TSXV:AGD)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024