October 23, 2008 Antioquia Gold Acquires La Manuela Property
October 23, 2008, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce that it has acquired the La Manuela Property. As part of the Guayabito Purchase Agreement an option existed to acquire further lands from private sources. AGD has exercised this option and has acquired 100% ownership in four concessions totally 101 hectares near the Guayabito Property that are commonly referred to as the "La Manuela Property".
"The La Manuela concessions are exciting for us since they increase our existing land position in the Cisneros Project area and provide us with a wealth of geological information to build upon because of past and present artesian mining on the concessions" said Rick Thibault, President of AGD.
The La Manuela Property, located in the Department of Antioquia, Colombia has been integrated into the field exploration program that commenced, as previously reported, on August 4, 2008 and October 17, 2008. This exploration program is to run to the end of 2008 and 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:
a soil sampling program on 100m spacing over the properties
chip and channel sampling (rock saw) of existing mine workings, tunnels
and rock outcrops
mapping of existing mine workings, tunnels and rock outcrops
The exploration program is being done under the guidance of Brad Van Den Bussche, P. Geol., Vice-President of AGD who is a qualified person under the definitions established by National Instrument # 43-101.
As report on October 17, 2008 the strategy behind the acquisition is to increase AGD's land position in the Cisneros Project area to form an integrated project whereby AGD operates and funds the exploration program. The addition of the La Manuela Property provides AGD's Cisneros Project with a total of 5,522 hectares, which includes the Guayabito Property and the Grupo de Bullet Concessions.
Antioquia Gold Inc. is a junior exploration company focused on searching out, exploring and developing mineral opportunities in Colombia. Its initial project, the Guayabito Property, is located in the Antioquian Batholith near the town of Cisneros in the Department (region) of Antioquia in Colombia. The Company has offices in Calgary, Alberta and in Medellin, Colombia. Antioquia Gold Inc. currently has a total of 26,151,188 common shares issued and outstanding.