Details of drill intercepts can be found in Table 1. A map showing the spatial distribution of the vein and drill hole collar locations can be found below.
Table 1- Capricornio Phase I drill results----------------------------------------------------------------------------DDH Vein From To Interval Au (gpt) Ag (gpt) Au Eq (gpt)----------------------------------------------------------------------------CAD-12-001 Ilusion 39.00 51.00 12.00 2.65 6.38 2.78----------------------------------------------------------------------------incl. 49.00 51.00 2.00 4.98 2.65 5.03----------------------------------------------------------------------------CAD-12-002 Ilusion 10.00 27.00 17.00 3.60 20.70 4.01----------------------------------------------------------------------------incl. 15.00 20.00 5.00 6.20 57.78 7.35----------------------------------------------------------------------------CAD-12-003 Ilusion 73.00 85.00 12.00 0.37 0.68 0.38----------------------------------------------------------------------------CAD-12-004 Santa Rosa 24.00 27.00 3.00 5.00 3.17 5.06----------------------------------------------------------------------------CAD-12-005 Illusion 189.00 191.00 2.00 2.76 19.50 3.15----------------------------------------------------------------------------CAD-12-006 Esperanza 26.00 29.00 3.00 2.57 2.03 2.62----------------------------------------------------------------------------CAD-12-007 Illusion 82.00 90.00 8.00 2.14 6.66 2.28----------------------------------------------------------------------------incl. 83.00 85.00 2.00 5.69 14.15 5.97----------------------------------------------------------------------------CAD-12-008A Esperanza 100.00 104.00 4.00 5.28 4.92 5.38----------------------------------------------------------------------------incl. 101.00 103.00 2.00 9.15 6.95 9.29----------------------------------------------------------------------------CAD-12-009 Illusion 120.00 122.00 2.00 5.07 42.8 5.92----------------------------------------------------------------------------Reported widths are cored widths and do not necessarily represent truewidths; insufficient work has been completed to adequately define truewidths.Silver to gold ratios used to calculate gold equivalent (Au Eq) values is 50to 1.
Antofagasta Gold Inc. (formerly Windamere Ventures Ltd.) is a Canadian mineral exploration company currently focused on projects in Chile. The initial focus is on advancing its wholly-owned Capricornio project near Antofagasta, Chile. The Company will also actively seek out complementary growth opportunities that are synergistic with its projects and management strengths. Antofagasta's board and management have both significant technical knowledge and capital markets experience that will assist in the Company's growth.
The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vern Arseneau, P.Geo, who is a qualified person in accordance with NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.
On behalf of the Board of Directors of Antofagasta Gold Inc.,
William Randall, President and CEO
Cautionary Note Regarding Accuracy and Forward-Looking Information
This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Capricornio project, and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Antofagasta does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Antofagasta Gold Inc.
William Randall
President and CEO
(416) 309-2697
