Antioquia Gold Inc AGDXF

good volume

[jd1962]

Michael Berry, Morning Notes (8/23/11) "Antioquia Gold Inc. is well positioned to take advantage of the long-term development and growth of Colombia's economy. . .the company is positioning itself to be one of the next junior exploration stories coming out of the country. . .we think you would be challenged to find another junior whose share price has a positive correlation with the price of gold. Antioquia has announced an additional six exploration targets similar in size to Guayabito and Manuela, two zones on the Cisneros property. Los Planes is ready to drill, according to a company press release; this usually offers a faster track to discovery.

11,000m of Antioquia's 15,000m drill program for 2011 is now complete. Once the drill program is completed, this data along with previous drill results (13,343m) will be reviewed to produce a NI 43-101 resource estimate. The company has a stated goal of completing this before year end 2011. . .we think this will be a catalyst for a higher share price as the resource estimate will provide investors a clearer picture of the Antioquia's in-the-ground gold resource. . .the company is also compiling an internal scoping study on a potential underground gold operation, which would process 350–500 tpd. . .so we think that the company has a vision and a plan and is making progress in the ongoing execution of that plan. Our 2010/2011 site visits to the company's Cisneros property verified, in our minds, the gold potential of the company. With each press release, Antioquia is proving to the market place that it belongs among the ranks of mature gold discovery companies in Colombia