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Antioquia drills 11 holes at Cisneros
Ticker Symbol: C:AGD
Antioquia drills 11 holes at Cisneros
Antioquia Gold Inc (C:AGD)
Shares Issued 64,683,205
Last Close 4/23/2010
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Wednesday April 28 2010 - News Release
Ms. Sheri Torske reports
ANTIOQUIA GOLD DRILLING AND EXPLORATION UPDATE CISNEROS AREA COLOMBIA
Antioquia Gold Inc.'s drilling continues to intersect and expand previously discovered mineralized structures on its Cisneros project in Colombia.
Antioquia continues its Phase 2 - 10,000 meter (32,800 ft.) drilling program, as reported on March 17, 2010 (available on SEDAR or at company website). To date Antioquia has drilled 11 holes for approximately 1,500 meters (4,900 ft.) on the Guaico-Nus Prospect.
The first 6 holes of the Phase 2 program intersect the Guaico north-south structure, the same structure encountered in the Phase 1 drilling program. There are now 8 drill holes and one artisanal working on the Guaico north-south structure which continues to remain open to the north and at depth.
The next 5 holes of the Phase 2 program intersect the Nus east-west structure, which was previously identified in drillhole PC09-22 from the Phase 1 drilling program. Antioquia has now drilled 9 holes into the Nus east-west structure which remains open to the east, west and at depth.
Initial assay results are expected to be available for reporting in the first half of May. However, the Phase 1 drilling program reported that drillhole PC09-20 had a drilled thickness of 6.91m at 15.73 g/t gold (22.7 ft at 0.51 ounces per tonne) in the Guaico north-south structure.
Antioquia continues its regional geology exploration on the remaining 5,000+ hectares (12,400 acres) of the Cisneros Project.
In July 2009, a grab sample that assayed 74.6 g/t gold was retrieved from the Mina Sur America prospect located in the north-east section of the Santo Domingo Joint Venture which is approximately 3 kilometers north of the current Phase 2 drilling program. In February 2010 Antioquia geologists returned to the Mina Sur America prospect and collected 14 hand channel samples which provided an average grade of 23.5 g/t gold.
In March 2010 a previously unknown artisanal working named Mina Papi was encountered within the newly acquired Pacho Luis land block just west of the current drilling on the Guaico-Nus prospect. Six hand channel samples were collected with an average grade of 6.19 g/t gold.
Antioquia is currently designing detailed mapping, ground geophysics and soil sampling programs to trace both the Mina Sur America structure and the Mina Papi structure, with preliminary plans to drill the areas toward the end of the current Phase 2 drilling program.
As part of its aggressive exploration program and to help identify high potential areas, on April 19, 2010 Antioquia commenced an in-house 60 line-kilometer (approximately 40 line-miles) ground magnetometer survey in the Guayabito and Manuela-Guaico-Nus area. This geophysics survey program has as its goal to delineate key structures, to define continuity between these structures, to guide the current drilling program and to develop new drill targets on the Cisneros Project.
The regional geochemistry program continues with samples being collected from soil sampling grids in the Guayabito and Manuela-Guaico-Nus areas to augment structural mapping.
Antioquia is encouraged by the Phase 2 drilling program as it continues to encounter on step-out, the mineralized shear zones identified in the 2009 Phase 1 program. The two structures currently being drilled continue to provide optimism with regard to the enlargement of the areas of mineralization. As we are discovering through the first 1,500m, these structures are remaining open in various orientations and open at depth.
Positive results from two artisanal workings and the ongoing geophysics and geochemistry work continue to identify new prospects and drill targets.
© 2010 Canjex Publishing Ltd.