September 21, 2011, Calgary, Alberta: Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX-V: AGD; OTCQX: AGDXF) is pleased to announce that the Company has extended the Guayabito and El Bolo structures to depth and along strike at the Guayabito deposit at its Cisneros Project, Colombia. Refer to Figure 1 for location.
Antioquia Gold adjusted the drilling direction for its 2011 drilling campaign enabling a better definition of the host structures. Five (5) northeast trending, en-echelon, steeply dipping, plunging vein systems have been confirmed at Guayabito and at least four (4) additional parallel vein systems that Antioquia Gold is currently drilling (refer to Figure 2). Gold mineralization at the Guayabito deposit has now been delineated to a depth of 300 metres and up to 200 metres along strike. The nine (9) vein systems remain open along strike and to depth. Antioquia Gold is confident that the en-echelon style of mineralization will continue to depth and along strike. As exploration continues, experience suggests that additional vein systems should be encountered. Highlights of the 2011 Guayabito drilling include16.21 g/t Au over 4.0 metres, including 112.3g/t over 0.5m (drill hole GYB11-052) and 2.21 g/t Au over 27.2 metres (drill hole GYB11-057).
"The results are exciting because this combination of new structures at Guayabito and those announced at Soroma, Chamuela and Papi last week, provides confidence for the next step of underground exploration tunnels, furthering Antioquia's goal of moving forward towards a production decision," said Brad Van Den Bussche, Vice President, Exploration
Select results of eight (8) drill holes; GYB11-051 through GYB11-058 amounting to 2107.2 metres of diamond drilling are listed in Table 1 below:
Note: * Intervals reported are drilled thickness and may not represent true width
About Antioquia Gold Inc.
Antioquia Gold has been exploring for precious metals in Colombia since 2007. The Company has a land package of close to 40,000 hectares located throughout Colombia. Antioquia Gold's principal asset, which is being actively explored, is its 5,630 hectare Cisneros Project, located 55 kilometers northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has conducted extensive geochemical and geophysical programs over the entire property and has identified to date six exploration targets. On the original discovery zone it has drilled over 29,000 meters and is well versed in the understanding of the deposit type and the project's path to resource definition and production.
To ensure reliable sample results Antioquia Gold has a rigorous QA/QC program in place that monitors the chain of custody of the samples and includes the insertion of blanks, preparation duplicates, field duplicates, and certified reference standards in each batch of samples. Core is photographed and sawed in half with one half retained in a secured facility for future reference if needed. Sample preparation (crushing and pulverizing) is performed at either SGS or ACME laboratories in Medellin, Colombia.
Samples prepared by SGS (Medellin) are direct-shipped to SGS Laboratories in Lima, Peru or Toronto Canada, both ISO certified laboratories, for analysis. Samples prepared by ACME (Medellin) are direct shipped to ACME Laboratories in Vancouver Canada, also an ISO certified laboratory for analysis. Assay for gold is performed by fire assay with 30g charge and AAS finish, with a gravimetric finish for over limit samples.
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.
On behalf of Antioquia Gold,
Richard Thibault, President
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Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. There is no certainty that the diamond drilling currently in progress will provide positive results of mineralization. For any forward-looking information given, Management has assumed that the results it has received and the interpretation thereof are reliable, and has applied metallurgical methodologies which are consistent with industry standards. Although Management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, the Corporation claim safe harbour for future releases. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Figure 1 Cisneros Project -- Current Exploration and Drilling Areas, including Guayabito