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Antioquia Gold Inc.
Summary
| Project: | Cisneros | |
|---|---|---|
| Deposit: | Guayabito | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-2-2017: Antioquia Gold Inc. announces an Exploration/Drilling Update report for its Guayabito deposit at the Cisneros project. Drilling results incl. 12.0m @ 15.03g/t Au . Antioquia Gold Inc. (“Antioquia” or the “Company”) (TSXV: “AGD”) wishes to repor | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jim Decker (Internal) | |
| ABSTRACT: | Antioquia Gold Inc. (“Antioquia” or the “Company”) (TSXV: “AGD”) wishes to report on the status of its Cisneros Project in Colombia: Felipe Ferraro, President, CEO and Chairman of the Board stated: “The Antioquia team made considerable progress at the wholly-owned Cisneros Gold Project In 2016 and we are poised to begin producing gold in the second half of 2017. The approval of our final environmental licence for the project on October 26, 2016 was a catalyst that will take us from being a mineral explorer to a gold producer and we look forward to much success in 2017.” he Company has received and reviewed the results of the ten diamond drill holes completed in 2016 for a total of 1,680 meters. The drilling programs confirmed the continuation of the Guayabito structures to the southwest and extended them by at least another 120 meters. The structures remain open along strike and to depth. Table 2 in the Appendix summarizes the drilling program highlights. The main underground activities for the past two months have concentrated on development of auxiliary infrastructure on the 1160 Level (pumping stations, ore chutes, ventilation raises) as well as advancing cross-cut accesses to the Guaico vein system. o At the end of January, 2017 a total of 2,772.5 meters of underground working advances (horizontal and vertical) had been completed, including 409.5 meters in January. Overall, the project continues to advance in line with the planned schedule and gold production is anticipated to commence as planned, in the second half of 2017. Antioquia Gold plans to produce 30,000- 40,000 ounces of gold a year at Cisneros. | |
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