Cisneros Project in Colombia - Antioquiagold · 2017-09-05 · TSX-V: AGD September 2017 Background • History • 2007 – Private investor group acquired core Guayabito property

Cisneros Project in Colombia September 2017

TSX-V: AGD www.antioquiagoldinc.com

September 2017

DISCLAIMER

This presentation may contain forward-looking

statements concerning the Company’s plans for its

properties, operations and other matters. These

statements refer to analyses and other information that

are based on forecasts of future results, estimates of

amounts not yet determinable and assumptions of

management. Statements concerning reserves and

mineral resource estimates may also be deemed to be

forward-looking statements to the extent that they

involve estimates of the mineralization that will be

encountered if the property is developed and in the case

of mineral reserves, such statements reflect the

conclusion based on certain assumptions that the

mineral deposit can be economically exploited. Any

statements that express or involve discussions with

respect to predictions, expectations, beliefs, plans,

projections, objectives, assumptions or future events or

performance are not statements of historical fact and

may be “forward-looking statements”. Should one or

more of these risks and uncertainties materialize, or

should underlying assumptions prove incorrect, actual

results may vary materially from those described in

forward-looking statements.

Forward-looking statements are made based on

management’s beliefs, estimates and opinions on the

date the statements are made and the Company

undertakes no obligation to update forward-looking

statements if these beliefs, estimates and opinions or

other circumstances change. Investors are cautioned

against attributing undue certainty to forward-looking

statements. Some information provided is of a

confidential nature and cannot be divulged or used for

gain until it is made public.

A feasibility study has not been completed for any project

discussed in this presentation and there is no certainty

the disclosed targets will be reached nor that the

proposed operations will be economically viable. Roger

Moss, Technical Advisor at Antioquia Gold, is a qualified

person under NI 43-101, and has reviewed and

approved the technical disclosure contained in this

presentation.


September 2017

Cisneros location

• Paved highway, <2 hours from Medellin

• Good infrastructure including power, water and gas

• Proximity to other notable gold projects

Santa Rosa Red Eagle Cisneros

Antioquia Gold Gramalote

Anglo/B2Gold

Medellin


September 2017

Management Team

Gonzalo de Losada

Chairman, President and CEO, Director

• Mr. De Losada is an Economist from the Universidad del Pacifico (Peru), and holds an MBA degree from Columbia University in New York and has over 20 years of experience in banking and business. He previously held senior executive positions in the hospital, pharmaceutical and insurance industries in Peru including director on several boards.

Rodger Roden

Chief Financial Officer

• Chartered Accountant with more than 25 years of industry experience

• Former VP Finance/CFO with public and private companies in a broad range of industries

• Currently CFO to several public companies


September 2017

Background

• History • 2007 – Private investor group acquired core Guayabito property

• 2008 – Formed Antioquia Gold Inc. via reverse takeover

• 2009 - 2013 Exploration Programs

• 2013 – Guaico Enviromental Permit approval

• 2015 – Start of development Guaico Mine

• 2016 – Guayabito Enviromental Permit approval

• 2017 - Star Civil Works and Development Guayabito Mine

• Acquisitions • Guayabito

• La Manuela

• Pacho Luis

• Santo Domingo

• Guayabito Sur

• Exploration • Mapping/Sampling/Geochemistry/Geophysics

• 47k m diamond drilling

• NI 43-101 Resource Report

• Development • Internal feasibility studies

• Production decision for initial annual operation of 30,000+ oz Au

• Currently in construction & development stage


September 2017

Resource Estimate

Resource Estimate Dated July 16, 2017

Cisneros Resources Highlights:

Updated Mineral Resources for the Cisneros Properties, above cutoff grade for all mineralized structures

consist of 509,508 tonnes of Measured + Indicated Mineral Resources with an average grade of 5.95 g/t Au

and 495,771 tonnes of Inferred Mineral Resources with an average grade of 6.66 g/t Au (See Table 1).

Table 1. Cisneros Resource Estimate Summary

Classification Tonnes Grade Au

(g/t)

Au

(oz)

Measured 195,846 5.29 33,319

Indicated 313,662 6.36 64,149

Measured + Indicated 509,508 5.95 97,468

Inferred 495,771 6.66 106,275

1. Mr. Fernando Linares and Mr. Edgard Vilela, are the Qualified Persons for the Mineral Resource estimate.

The effective date of the estimate is 16 July 2017.

2. Mineral Resources are reported using a cut-off grade of 2.7 g/t Au for GCO, GCFW3, GCFW5 and LMN1.

3. Mineral Resources are reported using a cut-off grade of 1.5 g/t Au for NUS and PAPI.

4. Mineral Resources are reported using a cut-off grade of 2.5 g/t Au for GYB.

5. Reported Mineral Resources contain no allowances for hanging wall or footwall contact boundary loss and

dilution. No mining recovery has been applied.

6. Rounding as required by reporting guidelines may result in apparent summation differences between

tonnes, grade and metal content.


September 2017

Acquisitions

7


September 2017

Initial Mining Areas

8

Guayabito

Guaico


September 2017

Current Status

• Guaico Infrastructure well advanced

• Guayabito Tunnel & Infrastructure underway

• Plant detailed engineering complete, major

components on site or en route

• Contractors working well

• Other

• Drilling to Increase Reserves

• Guaico underground diamond drilling to define Nus vein

structure and width

• 3,000 meter diamond drill program at Guaico and Guayabito to

commence in July 2017


September 2017

Explosives Magazine

Ventilation Shaft Ramp Access – Niv1275

Guaico

Current Development Tunnels

Level 1160

Level 1235

TOTAL DEVELOPMENT TUNNELS

Secctions Total

1.5X1.5 140.0

1.8D 75.98

2.4D 136.1

2.7x3 1448.24

3X3 778.5

4.5x4 1098.41

4X4 1095.1

Total general 4772.2


September 2017

Guaico Development Plan

Nus shear Zone (B&F)

GCO, FW3, FW5 (C&F)


September 2017

Nus Fault – Continuity along the strike

and at depth

Development on 3 main levels at Guaico - Structure is open at depth

LONG SECTION


September 2017

Guaico Vein - Continuity along depth

Development on Level 1160 and ongoing sampling in seven pivot ramps. The structure is open at depth.

LONG SECTION


September 2017

Exploration Drilling Targets

Exploration targets for 3,000 meter surface diamond drill program Q3, 2017


September 2017

Resource Enhancemet Drilling


September 2017

Mine Development

Guaico Mine

• Mechanized underground mining with trackless equipment (35t trucks, 3.5yr3 scoops, jumbo drills)

• Anticipated 250 tpd will be mined

• At lest 3 tensional veins expected to be mined (Guaico, FW3 and fw5) by Cut & Fill Method.

• Nus shear zone expected be mined by Bench and Fill method.


September 2017

Jumbo Atlas Copco

Boomer 282


September 2017

25 ton Dumper CAT 730


September 2017

3.5 yr3 Atlas Copco Scoop


September 2017

3.5 yr3 Atlas Copco Scoop


September 2017

Raise Boring


September 2017

Equipments

CAT 730 BOOMER 282

3.5 SCOOPTRAM RBM


September 2017

Guayabito

• Mechanized underground mining with trackless equipment (25t trucks, 3.5yr3 scoops, jumbo drills)

• Anticipated 250 tpd will be mined and processes at Cisneros plant

• At lest 6 veins expected to be mined (El Bolo, GYB, GYB2, GYB3, GYBF, GYBF1) by Cut & Fill Method.

• Mineralized to a depth of 400 meters at depth outlined through drilling. Open at depth

• Guayabito Ramp Access Niv 1504


September 2017

Guayabito Proces Plant and

other Civil Works

• Top Soil Deposit

• 2.5 Km of Access Roads. • 185.000 M3 of earthworks • 7 years capacity for tailing

storage • 9.4 km of pipeline for tailings

transport. • 500 tpd process Plant


September 2017

Cisneros Plant 3D View

2

3

1

5

4

9 7

6

8

10

11

12

13


September 2017

Cisneros Plant Layout

Process Plant Layout

• 500 tpd process plant; 250 tpd first year, 500 tpd thereafter

• Anticiapted 15,000 oz Au for first year, increase to 30,000+ oz Au/yr thereafter

• Processing circuit with gravity separation, flotation

• Metallurgical tests indicate >95% gold recovery


September 2017

Cisneros Plant Flow Sheet


September 2017

Guayabito Panorama

Camps

Warehouse

Water Treatment Plant

Powder Magazine

Deposit

Top Soil Deposit


September 2017

Guayabito Panorama

Water Treatment Plant

Process Pant

Access

Ramp Access


September 2017

PTARI

Process Pant

Access

Ramp Access

Top Soil Deposit

Guayabito Panorama


September 2017

Guayabito Panorama

Temporal Equipment

Platforms

Top Soil Deposit

Top Soil Deposit


September 2017

Community Relations

• Highlights

• Education & Culture

• Community Infrastructure


September 2017

Community Relations

• Highlights

• Capacity Building

• Stake holders Relationship

• Health


September 2017

Environmental

• Highlights

• Water management

• Landscape

• Water and Air Quality Monitoring


September 2017

Environmental

• Highlights

• Flora management


September 2017

Environmental

• Highlights

• Fauna management


September 2017

Next Steps

• Additional surface and underground diamond drilling to

confirm mineralization Q3 2017

• Continued ramp work and earthworks Q3 2017

• Delivery and installation of final equipment for Mill Q1 2018

• Equipment testing and final installation Q1 2018

• Mill commissioning and final testing Q2 2018

• Anticipated initial production in Q2 2018


September 2017

Guaico Panorama

Documents

Cisneros Project in Colombia - Antioquiagold · 2017-09-05 · TSX-V: AGD September 2017 Background • History • 2007 – Private investor group acquired core Guayabito property