Advanced Exploration Projects in Colombia with Social & Environmental Commitments

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Projects

Mineral Resource

In August 2017, Antioquia Gold published a NI 43-101 compliant updated mineral resource estimate for Cisneros prepared by Fernando Linares, MAusIMM of Lima, Peru.

The Report has an effective date of July 16, 2017 and the Corporation has filed the complete report on SEDAR. It should also be noted that Antioquia Gold has identified an additional six targets that merit further exploration via diamond drilling.

The main objective of the Corporation's drilling campaign during the past year was to increase resource confidence levels at the Cisneros gold project in Antioquia.

The Mineral Resource Estimates (MRE) prepared by LINAMEC utilized a total of 107 drillholes, included 11 new drillholes drilled by AGD in 2016 and 992 underground channel samples, sampled between 2016 and 2017. The mineralized structures, updated with new data are: Nus, Guaico, Footwall-03, Footwall-05 and La Manuela-01. The other areas, Guayabito North and Papi, remain unchanged from 2013.

Cisneros Resources Highlights:
  • Updated Mineral Resources for the Cisneros Properties, above cutoff grade for all mineralized structures consist of 509,508 tonnes of Measured + Indicated Mineral Resources with an average grade of 5.95 g/t Au and 495,771 tonnes of Inferred Mineral Resources with an average grade of 6.66 g/t Au (See Table 1).

Table 1. Cisneros Resource Estimate Summary
Classification Tonnes Grade Au
(g/t)
Au
(oz)
Measured 195,846 5.29 33,319
Indicated 313,662 6.36 64,149
Measured + Indicated 509,508 5.95 97,468
Inferred 495,771 6.66 106,275
  1. Mr. Fernando Linares and Mr. Edgard Vilela, are the Qualified Persons for the Mineral Resource estimate. The effective date of the estimate is 16 July 2017.
  2. Mineral Resources are reported using a cut-off grade of 2.7 g/t Au for GCO, GCFW3, GCFW5 and LMN1.
  3. Mineral Resources are reported using a cut-off grade of 1.5 g/t Au for NUS and PAPI.
  4. Mineral Resources are reported using a cut-off grade of 2.5 g/t Au for GYB.
  5. Reported Mineral Resources contain no allowances for hanging wall or footwall contact boundary loss and dilution. No mining recovery has been applied.
  6. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and metal content.

For additional details, please visit SEDAR for the Updated Mineral Resource Estimate or refer to the August 15, 2017 news release from Antioquia Gold