CZY

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6) is pleased to announce that the Phase 1
drill program at the Pedregal target on the los Andes property in Nicaragua has
extended thick intervals of strongly altered and silicified, sulfide bearing
volcanic rocks carrying anomalous silver, copper, and gold associated with vuggy
silica, advanced argillic, and argillic alteration. 


Six holes have been completed in the Pedregal target area for a total of 1729
meters and 3 holes were completed in the Rodeo area for a total of 635 meters.
Drilling progressed very slowly due to difficult drilling conditions (hard
siliceous zones, soft argillic zones and multiple faults) and none of the holes
were able to drill through the alteration system into unaltered rocks. 


All six Pedregal drill holes intersected strong silica and clay alteration and
sulfide mineralization from top to bottom. Drilling in the Rodeo zone tested
lower temperature low-sulfidation epithermal type targets. The Rodeo drill holes
intersected up to 60 meters of strong silicification with low precious metal
values. A drill hole location map and cross-sections showing assays, geology,
alteration and core photos are available on our website. 


http://cazagold.com/_resources/11-2012_Pedregal_Drilling_Update.pdf

The Pedregal zone hosts a high-sulfidation alteration system which is at least
250 meters thick. The intensely silicified and clay altered rock has an upper
oxide zone up to 125 meters thick and an underlying zone of pyrite with various
copper minerals and anomalous gold and silver. The upper oxide zone is an
attractive shallow target which will be tested with future step out drilling
programs. The Pedregal zone of drilling is approximately 350 meters long and 160
meters wide and is just a very small part of the overall 17 km long zone of
continuous high-sulfidation style alteration. 


Highlights from this Stage 1 drilling program are listed below:

Drillhole P-001 intersected 4.35 meters grading 21.6 grams per tonne (gpt)
silver and 10.5 meters grading 14.8 gpt Ag. 


Drillhole P-003 intersected 1.3 meters grading 2.1 grams per tonne (gpt) gold.
This thin gold intercept is a positive indicator of gold in the system and is a
typical feature of high sulfidation systems on the periphery of higher grade
gold zones. 


Drillhole P-006 is a 300 meter step-out from Holes P-001 to 005. The hole was
terminated pre-maturely at 268 meters being unable to pass through several clay
and silica filled fault zones. Alteration is very strong the entire length of
the hole. The hole intersected thick intervals of advanced argillic and argillic
alteration with strong silicification throughout the drillhole. Silver is
present in a 9.25 meter wide interval which averaged 86 gpt Ag including 1.8
meters grading 305 gpt Ag and 1.95 meters grading 110 gpt Ag. 


All drill holes intersected strong silicification occurring as massive
replacements, silica with a sugary texture, and vuggy silica. Advanced argillic
alteration forms multiple zones surrounded by haloes of argillic alteration. The
sulfide assemblage is dominated by pyrite but includes copper bearing sulfides
such as enargite, digenite, chalcopyrite, chalcocite, tennantite and
tetrahedrite. The sulfide mineralization is present as massive zones,
disseminations, and veins. The Pedregal drill holes intercepted an upper pyrite
enargite-chalcocite zone underlain by a pyrite-digenite-chalcocite zone.


More than 40 strongly silicified breccia bodies have been discovered by Caza
geologists to date at Los Andes marked by strong silicification, advanced
argillic, and/or argillic alteration, precious metal and trace metal soil and
rock chip anomalies. The breccias follow a regional northeast-trending
structural zone. The Pedregal drill holes to date have only tested one of the
breccia bodies, which is one small part of the approximately 100 square
kilometer epithermal gold system mapped at Los Andes. The Company continues to
map and sample the Los Andes Property and has thus far identified more than 10
gold targets along a 17 km long portion of the fault zone. 


Caza also continues to evaluate their other high sulfidation gold properties and
porphyry copper-gold targets in Nicaragua. Caza currently controls more than
470,000 hectares covering at least 23 separate gold and copper targets. 


Caza Gold Corp. (TSX VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6) is a
growth-oriented gold exploration company focused discovering new gold deposits
in Nicaragua and Mexico. The Company is one of the largest landholders in the
highly prospective but largely undeveloped country of Nicaragua, and holds
attractive properties in historic mining districts in the mineral-rich country
of Mexico. Caza Gold Corp is dedicated to discovering gold, defining deposits,
and developing value.


Greg Myers, Ph.D. P. Geo, CEO of the Company, is the Qualified Person who
reviewed and approved the contents of this News Release.


CAZA GOLD CORP.

Greg Myers, President and CEO

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute "forward-looking statements"
within the meaning of the United States Private Securities Litigation Reform Act
of 1995. All statements that are not historical facts, including without
limitation statements regarding future estimates, plans, objectives, assumptions
or expectations of future performance, are "forward-looking statements". We
caution you that such "forward-looking statements" involve known and unknown
risks and uncertainties, as discussed in the Company's filings with Canadian and
United States securities agencies. The Company expressly disclaims any
obligation to update any forward-looking statements other than as required by
applicable law. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Caza Gold Corp.
Bruce Korhonen
Director of Investor Relations
(604) 685-9750 or Toll Free: 1-877-684-9700
(604) 685-9744 (FAX)
bkorhonen@cazagold.com
www.cazagold.com

Caza Gold Corp. (TSXV:CZY)
過去 株価チャート
から 6 2024 まで 7 2024

Caza Gold Corp. (TSXV:CZY)
過去 株価チャート
から 7 2023 まで 7 2024