February 17, 2011 Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce the commencement of a 1,500 line kilometre helicopterborne geophysical (magnetometer and radiometric) survey at the Cisneros Project in Colombia. The survey will cover the entire 5,360 hectare project area and is being flown at 50m line spacing, with 500m tie lines. MPX Geophysics Ltd. of Ontario, Canada has been contracted to complete the survey.
The Company intends to use the airborne survey to further define structures, which are known to be the main control on mineralization on the Cisneros Project. The survey will also help identify any additional intrusive related mineralization within the complete project area, similar to what is known to exist nearby. The survey is expected to be completed next week, with final interpretation released in March.
About Antioquia Gold Inc. Antioquia is a precious metal exploration company with projects in Colombia since 2007. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 kilometres northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 13,000 metres, conducted extensive ground geophysical programs and is well versed in the understanding of the deposit type and the project's path to production. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the company's +37,500 hectare land package located throughout Colombia.
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.
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Forward-Looking Statements: This press release may contain forward-looking statements. In particular, this press release contains forward-looking statements relating to the timing of completion of the geophysical survey. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Antioquia Gold Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Antioquia Gold Inc. and its management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Except as required by law, Antioquia undertakes no obligation to publicly update or revise any forward-looking statements