Antioquia Gold is continuing to extend the Guaico deposit’s size by expanding the mineralization of the core Guaico vein to depth. The company is defining and discovering new gold-bearing veins in the hanging wall and footwall of the core Guaico vein.
Additionally, the company has drilled into the La Manuela structure, which has substantiated that the mineralization initially observed in the La Manuela artisanal mine continues to depth and along strike.
The company has released select results for the last 10 holes and the other 4 holes from the Guaico deposit and La Manuela structure, respectively. These assay results from the 2011 drilling program include 15.84 g/t gold over 1.6 m; 8.10 g/t gold over 4.0 m, including 20.37 g/t gold over 1.4 m; and 2.81 g/t gold over 6.9 m, including 6.76 g/t gold over 2.7 m. The results from the La Manuela include 9.22 g/t gold over 1.4 m, and 3.85 g/t gold over 3.0 m, including 9.06 g/t gold over 1.3 m.
During 2011, the company had drilled 24 holes at the Guaico deposit, totaling 5,851 m of drilling. At present, four mineralized zones have been construed at this deposit. Continued drilling may prove fruitful in defining more mineralized zones in the hanging wall and footwall of the core Guaico vein, and also in expanding the four defined veins in the foot wall and hanging wall along strike and to depth.
In 2011, four holes were drilled to analyze the continuation of mineralization in the La Manuela artisanal mine. Grade samples gathered from the artisanal mine averaged 12.03 g/t gold. MNL11-001 drill hole intersected the La Manuela structure and returned 3.85 g/t gold over 3.0 m. The structure lies 300 m to the west and parallel to the Guaico deposit’s veins. This indicates that the structure may possibly be developed into a multi-zone deposit like the Guaico deposit. Finally, three holes were drilled at the Cerro prospect region. No major gold results were observed, but geochemical signatures suggest sustained potential for the region.