Panaquire is a population in Venezuela founded in 1733 by Spaniards from the Canary Islands. In order to define the genetic characteristics of this population the following loci were studied: ABO, RH (Cc, D, Ee), FY, K, JK, HB, ESD, ACP1, HP, TF, CP and ALB. Its sociohistorical features were also investigated. Historic censuses reveal that ethnically Blacks were the most important group in this village during the year 1800 (76%), followed by Amerindians (9%), Mulattoes (5%) and Whites (7%). The results of this analysis show that presently the most important genetic component is of African origin (59%), followed by Amerindian (26%) and Caucasian (15%) contributions. These results suggest that Canarians founded Panaquire, but unfavorable sociopolitical and environmental circumstances, as well as the entrance of former slaves, determined the village’s evolution as a Black population. Important gene flow also occurred from Indian settlements, and some admixture with Whites. Our analysis shows once again the importance of handling together genetic and sociocultural variables to have a better interpretation of the evolution of human population