ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

AGDXF Antioqua Gold Inc (CE)

0.007
0.00 (0.00%)
30 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Antioqua Gold Inc (CE) USOTC:AGDXF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.007 0.00 00:00:00

Antioquia Gold Reports Additional High-Grade Gold Intersections at Its Cisneros Project in Colombia, Highlighted by 19.56 g/t...

20/10/2011 1:00pm

Marketwired


Antioqua Gold (CE) (USOTC:AGDXF)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more Antioqua Gold (CE) Charts.


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

1 Year Antioqua Gold (CE) Chart

1 Year Antioqua Gold (CE) Chart

1 Month Antioqua Gold (CE) Chart

1 Month Antioqua Gold (CE) Chart

Your Recent History

Delayed Upgrade Clock