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Antioquia Gold Inc. (AGD:CA)

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Web site: 
http://www.antioquiagoldinc.com

Highlights

64.7 million shares outstanding as of June 15, 2010



Flagship Cisneros Project

  • 3,929 m/30 hole Phase 1 diamond drill program completed Dec 2009



    Best result: 11.7m @ 22.6 g/t Au including .7m @ 216 g/t Au


  • 10,000 m/approx 75 hole Phase 2 diamond drill program 38% complete



    Best result: 4.4m @ 16.6 g/t Au

    1,000 m mineralized structure identified by drilling/trenching


  • Ongoing geophysics & surface mapping/sampling program


  • Compiling all existing geological data for computer model to quantify the size and grade potential

May 2010 - Consolidated Land Holdings in Colombia

  • Acquired 31,923 ha from Soratama, a Barrick subsidiary


  • 6 separate projects situated along prolific Cauca Porphyry Belt



    4 in Department of Antioquia/2 in Department of Caldas



Antioquia Gold (TSX-V: AGD) is focused on searching out mineral and resource opportunities in Latin America, and in particular Colombia.
Antioquia Gold, Inc. was formed through the amalgamation of AM-VES Resources, Inc (a private resource company held by ten mining professionals) with High American Gold, Inc. (a public junior mining company de-listed in 2003).



Exploration is underway at Cisneros, the company's initial project, which is located geologically on the Antioquia Batholith near the town of Cisneros in the Department of Antioquia. The company's property of merit report was done on Guayabito, the initial property acquired within the project area. The area has numerous artisan workings, some of which date back 100's of years. The Cisneros Project is situated 75 km northeast of Medellin and about 20 km west of the Gramalote Project held by AngloGold Ashanti and B2 Gold.



Antioquia Gold Inc. is currently negotiating with a major international mining company which would give it access to a large portfolio of quality lands throughout Colombia.

The Cisneros Gold Property

The Cisneros Gold Property (Cisneros Project) is located about 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia and consists of 100 percent ownership in six concessions ( 2 of which are referred to as the Guayabito properties and five which are referred to as the La Manuela properties). In addition, AGD has an agreement to acquire 5,243 Ha of contiguous land from Grupo de Bullet for a total of 5,522 Ha of available land in the Cisneros project area. The property is located in the Municipalities of Cisneros, Santo Domingo and Yolombo and is easily accessible year round by paved road from Medellin.



Gold mining in the Cisneros area has been carried out since Pre-Colombian times to the present. The Cisneros Project is underlain by an intrusive body of granodiorite to quartz diorite composition, called the Antioquia Batholith. Mineralization is controlled by two dominant structural trends in the area and evidenced by anomalous gold occurrences in more than 20 artisanal mining operations in the project area. Click here for more information.



click to enlarge

Links: 
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AGD:CA
Category: 
Mining

Market Snapshot

 

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