September 29, 2010, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) Antioquia is pleased to announce the continuation of its previously reported 10,000m 2010 drilling program at its Cisneros Project in the Department of Antioquia, Colombia.
A total of 5,300m has already been completed on the 2010 drilling program. The remaining footage has been contracted to Logan Drilling which will be utilizing a specialized man portable drill rigs capable of reaching 600m at HQ core size. By having this depth capability Antioquia will be able to have the flexibility to further define and expand the Bolo and Guayabito structures in both the north direction and to depth (refer to the press release of September 27, 2010 available on www.antioquagoldinc.com or SEDAR). It is expected to take 3 months to complete the program.
The Company has also contracted Jose Arce Geophysics from Lima Peru to conduct a ground IP (Induced Polarization) survey. The survey consists of 2 grids for a total of about 25 line kilometres, one grid designed to delineate the Bolo and Guayabito structures to the north and to find additional parallel mineralized structures in the Guayabito area, and a second grid to map mineralized structures in the Guaico - Nus - Manuela - Chapulin areas. The survey has been designed and implemented to reflect the success of this type of geophysical survey at the Parcoy Mine in Peru owned by Consorcio Minero Horizonte, an associated company of Antioquia's Strategic Partner, Desafio Minero S.A.C. The Parcoy Mine is geologically analogous to Antioquia's Cisneros deposit and produces over 180,000 ounces of gold per year.
Antioquia Gold Inc.
Antioquia is a Calgary-based mineral exploration company, focused on searching out precious metals and other opportunities in Colombia. The Company's flagship property is the Cisneros project, located 70 kilometres northeast of Medellin in the Department of Antioquia in Colombia.
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.
Caution regarding forward-looking information:
This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Antioquia Gold Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Antioquia Gold Inc. and its management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Readers are also advised to consider such forward-looking statements while considering the risks involved.
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.
Figure 1 Plan view showing the location of IP Geophysical Grid relative to the prospect areas