Antioquia Gold Inc. Announces Exploration Update on Colombian Gold Project
Antioquia Gold Inc. (”Antioquia” or the “Company”)(TSX VENTURE:AGD – News) -As previously disclosed, two modern exploration programs have been completed on the Guayabito property to date, a limited due diligence program and a more thorough geological mapping and sampling program. The due diligence program included the collection of seven samples from the property. The samples were collected by Am-Ves personnel and carried to Canada for testing. The more detailed preliminary geological mapping and sampling program included the collection of 221 samples (four samples were collected for metallurgical testing, 31 samples were for QA/QC, while 186 samples can be used to define the geochemistry of the property). The purpose of the sampling was two-fold, the first to cover the property with reconnaissance level prospecting and the second to investigate the old underground workings. A total of nine underground workings were mapped and sampled with a total of 113 samples taken. The property wide exploration included 73 samples mostly from creeks and road cuts. Of the 186 samples, 51 samples have assay values greater than 450ppb (0.45 g/t) gold, to a maximum of 40,000ppb (40 g/t), all of which were collected from the Guayabito property, or within 200m of its boundary.
On August 4, 2008, a field exploration program on the Cisneros Project area was initiated which will continue for approximately 3 months. This exploration program is designed to collect information on the mineralogy, alteration and structure of the project area in order to develop a geological model and define target areas for further detailed exploration, including drilling. The program is to consist of: Full article
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