Cisneros Project in Colombia September 2017 DISCLAIMER This - - PowerPoint PPT Presentation

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Cisneros Project in Colombia September 2017 DISCLAIMER This - - PowerPoint PPT Presentation

Cisneros Project in Colombia September 2017 DISCLAIMER This presentation may contain forward-looking forward-looking statements. statements concerning the Companys plans for its Forward-looking statements are made based on properties,


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Cisneros Project in Colombia

September 2017

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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

  • f 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

  • ther 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.

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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

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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
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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
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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.

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Acquisitions

7

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Initial Mining Areas

8

Guayabito Guaico

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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

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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

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Guaico Development Plan

Nus shear Zone (B&F) GCO, FW3, FW5 (C&F)

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Nus Fault – Continuity along the strike and at depth

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

LONG SECTION

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Guaico Vein - Continuity along depth

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

LONG SECTION

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Exploration Drilling Targets

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

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Resource Enhancemet Drilling

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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.

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Jumbo Atlas Copco Boomer 282

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25 ton Dumper CAT 730

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3.5 yr3 Atlas Copco Scoop

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3.5 yr3 Atlas Copco Scoop

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Raise Boring

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Equipments

CAT 730 BOOMER 282 3.5 SCOOPTRAM RBM

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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
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Guayabito Proces Plant and

  • ther 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
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Cisneros Plant 3D View

2 3 1 5 4 9 7 6 8

10 11 12 13

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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

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Cisneros Plant Flow Sheet

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Guayabito Panorama

Camps Warehouse Water Treatment Plant Powder Magazine Deposit Top Soil Deposit

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Guayabito Panorama

Water Treatment Plant Process Pant Access Ramp Access

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PTARI Process Pant Access Ramp Access Top Soil Deposit

Guayabito Panorama

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Guayabito Panorama

Temporal Equipment Platforms Top Soil Deposit Top Soil Deposit

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Community Relations

  • Highlights
  • Education & Culture
  • Community Infrastructure
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Community Relations

  • Highlights
  • Capacity Building
  • Stake holders Relationship
  • Health
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Environmental

  • Highlights
  • Water management
  • Landscape
  • Water and Air Quality Monitoring
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Environmental

  • Highlights
  • Flora management
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Environmental

  • Highlights
  • Fauna management
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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
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Guaico Panorama