Antioquia Gold (TSXV: AGD; US-OTC: AGDFX) recently published a positive National Instrument 43-101 compliant preliminary economic assessment (PEA) and a revised resource estimate for its high-grade Cisneros gold project in Colombia. Now the company is hunting for the cash to reach production.
The Northern Miner visited the 58 sq. km Cisneros project — 55 km northeast of Medellin — in late 2016. At that point the company looked poised to enter production in late 2017. Now the PEA says production is targeted for the next quarter.
The fully permitted Cisneros project holds 729,000 measured and indicated tonnes grading 5.39 grams gold per tonne for 122,000 oz. gold, plus 536,000 inferred tonnes running 6.35 grams gold per tonne for 109,400 oz. gold.
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