May 20, 2009 Antioquia Gold Encounters 32.31 Grams of Gold per tonne over 2.5 Meters at its Cisneros Project, Colombia
May 20, 2009, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to report highlights from its ongoing exploration program at the company's Cisneros Project in Colombia. A significant shear zone has been encountered in a shallow historic artisanal mine known as Chapulin. The shear zone is believed to be the result of intersecting shear structures which has resulted in high grade gold mineralization over enhanced widths around the intersection. The structure was systematically sampled by both channel samples (via rock saw) and grab samples, where accessible, within the artisanal workings. Individual samples ranged from 5.72 to 76.14 grams of gold per tonne, including the following channel sample results:
0.70 meters @76.14 gram of gold per tonne
1.10 meters @21.34 gram of gold per tonne
0.70 meters @ 5.72 gram of gold per tonne
For a total weighted average of 2.50 meters @ 32.31 grams of gold per tonne. Dimensions of the structure are undefined due to the limited exposure in the artisanal workings. The Chapulin area will be one of the primary targets for a drilling program planned for 3rd quarter 2009.
Samples were analyzed at SGS Laboratories facilities in Lima Peru, with preparation at their prep laboratory in Medellin, Colombia. Samples were pulverized until greater than 95% passes through 140 mesh screen. Samples were analyzed by 38 element ICP. 30 gram pulp samples were then analyzed for gold by fire assay with gravimetric finish.
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.
AGD is a Calgary based mineral exploration company focused on searching out precious metals and other mineral opportunities in Colombia. AGD's principal asset is its Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia.
The Cisneros Project consists of 6 contiguous mineral dispositions covering 279 Ha plus 5,243 Hectares controlled under an agreement with Grupo de Bullet. The properties are located geologically on a large granodiorite intrusive called the Antioquia Batholith, The geologic model has been defined as a structurally controlled mesothermal lode/vein type system. This system appears to be laterally continuous, and dominated by gold with various secondary precious metals and sulphides, specifically silver, copper and molybdenum. The Cisneros property has been the primary focus of AGD's exploration activities to date consisting of surface soil and rock geochemistry, structural and alteration mapping, as well as mapping and geochemistry of historic artisanal mine workings in the area. There are at least 20 historic artisanal mines in the area where locals extracted high grade vein gold for over 100 years.
AGD is currently evaluating additional opportunities to expand its portfolio of mineral exploration properties in Colombia. AGD is a publicly listed company on the TSX Venture Exchange under the trading symbol AGD and has a total of 26,151,210 common shares issued and outstanding. All of the mineral properties AGD owns are considered in the exploration stage of development.
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