February 22, 2011 Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce the commencement of the 2011 drill program at the Cisneros Project in Antioquia, Colombia. The planned 10,000m diamond drill program will be primarily focused on targets within the Pacho Luis and Manuela concessions.
Surface geochemistry, trenching, and ground geophysical anomalies coincident with underground artisanal mining has defined several new drill targets on the Pacho Luis concession (Papi and El Cerro) which will be the first to be drilled. On the Manuela concession the 2011 drill program will also extend the previously drilled Nus and Guiaco structures along strike and to depth and will test IP targets that are coincident with soil and surface geochemical anomalies in the vicinity of artisanal mining within the Manuela concession. Antioquia continues to evaluate results at the Guayabito prospect obtained at the end of 2010 and anticipates additional drilling at Guayabito in 2011 intended to extend gold mineralization along both strike and to depth.
MPX Geophysics Ltd. has completed the previously announced 1,500 line kilometre helicopter-borne geophysical (magnetometer and radiometric) survey at the Cisneros Project (refer to press release of February 17, 2010). The geophysical survey covered the entire 5,360 hectare project area and final interpretation is expected sometime in March. The results will assist in further defining the overall 2011 drill program.
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 55 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 and details of the drilling program. 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.