Antioquia Gold Completes 2012 Drilling Program at Cisneros

Final Results include 27.0 g/t Au / 2.6 m at Guaico and 8.9 g/t Au / 3.3 m at Guayabito

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2012) - Antioquia Gold Inc. ("Antioquia Gold" or the "Company") (TSX VENTURE:AGD)(OTCQX:AGDXF) is pleased to announce all final drill hole results have been received thus completing the 2012 Drilling Program at its flagship Cisneros Project in Colombia. The Company is currently compiling, interpreting and modeling the results of the program to be used in the preparation of an NI 43-101 compliant resource report and an accompanying Preliminary Economic Assessment ("PEA"). It is anticipated that both reports will be released in the first part of 2013.

2012 Drilling Highlights:

  • Drilling at the Guaico deposit extended high grade mineralization to a vertical depth of 400 metres.
  • Drilling at the Guayabito deposit successfully extended the strike length an additional 150 metres to the north and to a vertical depth of 500 metres.
  • Both deposits consist of multiple en-echelon vein systems and both deposits remain open along strike and to depth.
  • In all, forty-six (46) holes were completed amounting to 13,111 metres of drilling, including ten (10) drill holes (2.434 m) at the Papi / Ivana prospect.

Guaico Deposit Final Results:

Drill hole GCO12-036 intersected 8.7 metres of 8.2 g/t Au including 2.6 metres of 26.9 g/t Au and has confirmed high-grade gold mineralization at Guaico to a vertical depth of 400 metres. This mineralization is seventy (70) metres vertically below previously announced drill result from drill hole GCO12-029 which included 6.6 metres of 10.2 g/t Au including 1.8 metres of 33.2 g/t Au (See Press Release dated September 27, 2012). The mineralization defined above is a new discovery made in 2012 and confirms additional mineralized en-echelon vein systems occurring in the footwall and at depth relative to the original Guaico discovery. Highlights of drill results for the final five (5) drill holes drilled at Guaico in 2012 can be found in Table 1 below. The 2012 drill hole locations are illustrated in Figure 1 and a Section view illustrating results of drill hole GCO12-036 and previously released GCO12-029 (Figure 2) are attached and can be found on the company's website; link to www.antioquiagoldinc.com.

Table-1 Highlights of Final Drill Hole Results; Guaico Deposit

Drill Hole From To Length (m)* Au (g/t)
GCO12-033 69.5 70.8 1.3 2.5
GCO12-033 164.5 166.0 1.5 5.8
GCO12-035 85.5 86.8 1.3 2.6
GCO12-035 121.9 126.5 4.6 1.1
  including 125.5 126.5 1.0 3.4
GCO12-036 259.2 260.7 1.5 2.9
GCO12-036 390.2 398.9 8.7 8.2
  including 395.5 398.1 2.6 27.0
GCO12-036 525.5 527.0 1.5 1.7
Note:* Intervals reported are drilled thickness and may not represent true width.
Drill holes GCO12-032 and GCO12-034 intersected the intended alteration envelopes but did not intersect significant mineralization.

Guayabito Deposit Final Results:

The final four (4) drill holes at Guayabito were designed to extend the Guayabito deposit further to the north along strike and to depth. All four (4) drill holes intersected the intended mineralization. Drill hole GYB12-086 intersected 6.2 metres of 6.3 g/t Au including 2.5 metres of 15.0 g/t Au. Results of the final four drill holes at Guayabito confirm the deposit extends to the north and to depth and remains open further along strike to the north and to depth. Highlights of the final four drill holes at Guayabito are listed in Table 2 below and all 2012 drill hole locations are illustrated in Figure 3.

Table-2 Highlights of Final Drill Hole Results; Guayabito Deposit

Drill Hole From To Length (m)* Au (g/t)
GYB12-085 99.3 100.4 1.1 4.4
GYB12-085 238.6 240.1 1.5 6.9
GYB12-086 180.8 187.0 6.2 6.3
  including 180.8 183.3 2.5 15.0
GYB12-086 196.4 198.2 1.8 6.9
GYB12-087 125.4 127.3 1.9 2.2
GYB12-088 289.0 296.8 7.8 3.9
  including 289.0 292.3 3.3 9.0
Note:* Intervals reported are drilled thickness and may not represent true width.

"The 2012 drilling program at Cisneros has been very successful" comments Rick Thibault, President and CEO; "We have greatly increased our knowledge base of the Guayabito and Guaico deposits and are extremely encouraged with the improving grade with depth at Guaico. We have been able to significantly increase the overall size of these deposits through effective drilling along strike and to depth".