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Antioquia Gold Inc.
Summary
| Project: | Cisneros | |
|---|---|---|
| Deposit: | Cisneros | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-2-2018: Antioquia Gold Inc. announces a PEA report for its Cisneros deposit at the Cisneros project. Updated mineral resource and PEA results incl. post-tax NPV(5%) of $16.7M, IRR of 18.7%, LOM of 5yrs. Linares Americas Consulting S.A.C. (LINAMEC) was | |
| Resources: | (Resource, M+I): 728603t @ 5.389g/t Au for 122129oz Au contained at project | |
| CP/QP: | [Resources]: Edgard Vilela Acosta, Fernando Linares Quiroa (Linares Americas Consulting S.A.C) | |
| ABSTRACT: | Linares Americas Consulting S.A.C. (LINAMEC) was retained by Antioquia Gold Ltd. (AGD) to prepare an update of the Mineral Resource Estimate and Preliminary Economic Assessment (PEA) for the Cisneros gold project (the Project) located in the Department of Antioquia, Colombia. The Cisneros 2017 Preliminary Economic Assessment (Cisneros 2017 PEA) has been prepared for AGD by LINAMEC and presents the results of underground sampling, exploration drilling, mineral resource estimation, and mine planning on the Guaico and Nus zones for the redevelopment of the Cisneros Gold Project. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). This new resource estimate incorporates the results of 14 drillholes drilled in 2016-2017 in the area known as “Guayabito Sur”, totalling 2,689.92 m and 992 channel samples taken in the underground workings of the Guaico Mine. The mineralized structures, updated with new data are: Nus, Guaico, Footwall-03, Footwall-05, Vega and La Manuela01. The other areas, Guayabito North and Papi, remain unaltered. | |
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