April 12, 2011, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce that a second diamond drill has been added to the ongoing 2011 drill program at the Company's flagship Cisneros Project in Antioquia, Colombia.
The 2011 drill program, announced in a press release dated February 22, 2011, has been successfully extending known surface occurrences along strike and to depth at the Pacho Luis and Manuela concessions. To date, over 1,800 metres have been drilled in seven drill holes on three separate targets. Core logging is indicating several zones of wide sulphide mineralization at the Papi, Cerro and Nus target areas. Sampling of these promising zones has been carried out and samples have been sent to the laboratory for analysis with the results pending.
The second diamond drill is part of the expanded exploration program that was announced in a press release dated March 25, 2011. The second drill will be primarily focused on targets within the Guayabito concessions; with the objective of further delineating the Guayabito and Bolo structures along strike and down plunge, while testing additional similar structures identified by ground IP and airborne geophysics. Employing the second diamond drill allows the first drill to continue delineating the new discoveries at Papi, Cerro and Nus mentioned above.
The data and interpretation of the previously announced 1,500 line kilometre heli-borne geophysical (magnetometer and radiometric) survey at the Cisneros Project (refer to press release dated February 17, 2010) is now in the hands of Antioquia's geologists and is being studied to identify further targets across the entire Cisneros Project area.
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 14,000 metres, conducted extensive ground and airborne 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.
On behalf of Antioquia Gold Inc., Rick Thibault, President.
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Forward-Looking Statements: This news release may contain forward-looking statements. In particular, this news release contains forward-looking statements relating to the timing and details of the drilling program and pending results. 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.