Antofagasta Gold Confirms New Regional Scale Low Sulphidation Epithermal Gold Discovery, Capricornio Project, El Peñon Gold

Antofagasta Gold Confirms New Regional Scale Low Sulphidation Epithermal Gold 
Discovery, Capricornio Project, El Peñon Gold
District, Chile 
TORONTO, ONTARIO -- (Marketwire) -- 02/14/13 -- Antofagasta Gold Inc.
("Antofagasta" or the "Company") (TSX VENTURE:AN) has received drill
results from its initial drill program at the Company's wholly-owned
Capricornio Property ("Capricornio"), located approximately 80
kilometres northwest from the El Penon Gold Mine (Yamana Gold) and
20km west from Xstrata's producing Lomas Bayas Mine.   
The Capricornio project is under option from Sociedad Quimica y
Mineral de Chile, Chile's largest potash, lithium, iodine and
nitrates producer. The Capricornio project is two wheel drive road
accessible, 7 km from a power source and is located approximately
1,020 metres above sea level.  
Initial drilling at Capricornio was designed to confirm historical
near-surface gold results by SQM along 3 of over 6 exposed
north-south epithermal gold-bearing quartz veins on surface.
Highlights of the exploration campaign are as follows: 


 
 - Antofagasta has confirmed a cumulative of 20 linear kilometres of gold - 
   bearing low sulphidation epithermal vein strike, with individual         
   mineralized veins having strike lengths between 500 metres and 2.0       
   kilometres.                                                              
 - A ground magnetic survey completed to the north of the exposed vein      
   system indicates another 3 to 6 kilometres of potential host vein        
   structure strike below a shallow alluvial cover.                         
 - The initial 9 drill holes were designed to test near-surface             
   mineralization and verify historical results, to a maximum depth of 150  
   metres from surface.                                                     
 - 8 out of 9 intercepts returned a weighted average grade of 4.54 gpt      
   Au/equivalent over 4.13 metres with a drill intercept range between 2 and
   17 metres.                                                               
 - The 9 drill holes were spread out covering over 400 metres of the        
   cumulative 20 kilometres of known gold bearing vein strike; results from 
   additional holes are pending.                                       
     
 - The average gold equivalent per drill hole was 94% Au gold and 6% silver.
 - All high grade intersections lie within, or flanked, by larger low grade,
   0.1 to over 1.0 grams Au per tonne halos in hydrothermal breccias between
   17 and 44 metre core length.                                             

 
Veins trending north-south or near-north-south are consistently shown
to be gold bearing. The east-west veins appear to be later
extensional structures and are not considered priority drill targets.
The drilling conducted to date has confirmed a portion of the
historical near-surface drill results and defines the most
prospective sections for the next phase of drilling.   
To view the map of the project, please visit the following link:
http://media3.marketwire.com/docs/853177MAP.pdf. 
The phase II drill program will target mineralization by a series of
"fences" at 75 metre vertical intervals along the same section down
to a minimum depth of at least 350 metres below surface. This will
allow for effective exploration of the large system, testing for
zoning and plunge direction at various locations in the overall
target area.  
Only trace amounts of base metal mineralization has been identified.
Veins generally show low sulphide content with intense oxidation to a
minimum depth of 150 metres from surface. Limited fluid inclusion
studies conducted to date indicate an emplacement temperature below
300 degrees Celsius and low salinities, indicating the surface
expression of the veins is towards the top the system. The veins are
considered low- to mid-sulphidation veins.   
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 true      
widths; insufficient work has been completed to adequately define true      
widths.                                                                     
Silver to gold ratios used to calculate gold equivalent (Au Eq) values is 50
to 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
 
 
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