December 3, 2015 – Calgary, Alberta: Antioquia Gold Inc. (“Antioquia” or the “Company”) (TSXV: “AGD”) is pleased to announce that Mr. Felipe Ferraro has been appointed as President and Chief Executive Officer of the Company in place of Mr. Julián Villarruel. The Company and its Board of Directors would like to thank Mr. Villarruel for his support and contribution during his tenure as CEO of the Company. Mr. Villarruel will remain President of the Company’s Colombian subsidiary.
Mr. Ferraro has been the Chairman of Antoquia since 2013 and also is currently the General Manager for Cori Puno SAC, a position he has held since 2010. Cori Puno operates the Untuca open pit and underground mine in Peru, with annual production of approximately 30,000 ounces of gold. Mr. Ferraro holds a Masters degree in Business Administration from the University ESAN-Stanford University and his professional experience is closely linked to mining, business, enterprise and metalworking industries, food processing and heavy equipment for earthmoving.
The Company is also pleased to announce that all matters proposed at the Company’s Annual General and Special Meeting of Shareholders held on November 26, 2015 (the “Meeting”) were approved by the shareholders. All directors nominated for election at the Meeting were elected, and as a result, Mr. Clever Schrader has joined the Company as a new director. Mr. Schrader is a seasoned professional with forty years of experience in underground gold mine exploration and operations in Peru.
The Cisneros Project is progressing well with the following achievements to report at Guaico:
- Contractor mobilized and began construction on October 14, 2015
- Access road to Guaico infrastructure complete
- Civil works for access tunnel base complete including overburden removal, wall stabilizing with rock bolts and concrete reinforcement
- Portal access and tunnel development to commence in December
- Explosives magazine complete
- Contracts awarded for power supply infrastructure
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com
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