DGAP-News: Caza Gold Corp.: Sampling Doubles Size of Balleza Gold Target on the Moris Property, Chihuahua, Mexico
(firmenpresse) - DGAP-News: Caza Gold Corp. / Key word(s): Miscellaneous
Caza Gold Corp.: Sampling Doubles Size of Balleza Gold Target on the
Moris Property, Chihuahua, Mexico
11.01.2011 / 16:37
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Vancouver, Canada - Greg Myers, CEO and President of Caza Gold Corp. (CZY:
TSX-V and CZ6: Frankfurt), is pleased to announce the results of a recent
rock sampling program at the Balleza gold target on Caza's Moris Property,
located 20 kilometers west of Gammon Gold's Ocampo gold mine in Chihuahua
state, Mexico.
Caza Gold is very encouraged by the initial assay results received from the
rock sampling program at Balleza that commenced in November and December,
2010 after completion of the Company's recent initial public offering on
the TSX Venture Exchange. Assay results from the first 176 samples
effectively double the size of the Balleza gold target area.
The new chip and channel sampling results assay from nil up to 11.8 grams
per tonne (gpt) gold. Ninety-one of the 176 samples grade more than 0.3
gpt gold and average 1.1 gpt gold. Two continuous channel samples on road
cuts over the Balleza gold target returned assays of 0.43 g/t Au over 18.5
meters (6.9 meters true width) and 0.60 g/t Au over 89.5 meters (33 meters
true width) including an average assay of 0.83 g/t Au over 53.5 meters (20
meters true width).
The Balleza gold target area is now over 1200 meters long and up to 400
meters wide, which doubles the area of the previously known mineralized
zone. A total of 310 samples from the Balleza zone have been collected by
Caza, Exmin, and Hochschild in recent years and 134 of these samples assay
higher than 0.3 gpt Au and average 1.6 gpt gold.
The Balleza gold target lies within the much larger Balleza-La Cienega
district on the Moris Property that covers a mineralized structure zone
over 7 kilometers long. The district hosts at least 14 historic mine
workings and 30 additional mineralized zones discovered to date.
Sampling in the Balleza zone has identified two types of gold
mineralization: quartz stock-works and disseminated sulfides, both types
hosted within silicified rhyolite dikes. The higher-grade stock-works
outcrop in an area approximately 900 meters long and up to 40 meters wide.
The hillside below the stock-works is covered with up to house-size
mineralized boulders, which also carry higher-grade gold values. The
boulder field extends from the ridgeline, where the stock-works outcrop,
north to a creek approximately 300 meters away and 150 meters lower in
elevation.
Detailed mapping and sampling of the Balleza gold target will continue to
further explore the extent of the silicified dikes, stock-works and
disseminated zones of mineralization in order to define drill targets for
drilling within the next three months.
The Balleza Project is part of the Moris Property (16,209 hectares) located
about 250 kilometers west of Chihuahua City. The property is situated
within the Sierra Madre Gold-Silver Belt, a prolific mineralized region
with multiple gold-silver epithermal vein deposits, including the Moris
(Hochschild), Ocampo (Gammon Lake), Pinos Altos (Agnico Eagle) and Dolores
(Minefinders) mines.
Assay results for continuous rock chip channel sample OC10-6 and selected
grab rock chip samples
Sample # Width (meters) Au ppm Sample # Au ppm
Continuous Channel Sample OC10-6 Rock Chip Grab Samples
62633 2 0.243 11330 11.795
62634 2 0.239 62501 3.428
62635 2 0.595 11321 2.602
62636 2 0.144 11322 2.428
62637 2 0.309 62711 2.074
62638 2 0.507 62712 2.000
62639 2 0.195 62728 1.913
62640 2 0.39 11323 1.732
62641 2 0.211 62632 1.592
62642 2 0.725 11324 1.372
62643 2 0.389 11309 1.363
62644 2 0.23 62694 1.318
62646 2 0.424 12091 1.242
62647 2 0.516 11312 1.159
62648 2 0.628 62064 1.149
62649 1 0.798 12090 1.098
62651 1 0.686 11327 1.064
62652 1 0.647 12097 1.012
62653 1 1.614 12098 0.997
62654 2 0.813 11320 0.966
62655 2 1.035 11333 0.927
62656 2 0.641 62699 0.903
62657 2 0.578 11310 0.898
62658 2 0.589 62703 0.888
62659 2 0.453 11315 0.875
62660 2 1.534 11325 0.873
62661 2 0.556 12094 0.836
62662 2 1.351 62707 0.798
62663 2 0.77 12093 0.760
62664 2 2.602 12086 0.748
62665 2 0.596 6448 0.732
62666 2 0.811 62695 0.700
62667 2 1.224 11318 0.680
62668 2 0.694 12092 0.662
62669 2 1.394 12095 0.623
62671 2 2.95 11332 0.609
62672 1.5 0.666 12096 0.608
Greg Myers, Ph.D., P. Geo., is the Qualified Person who reviewed and
approved the contents of this news release. All Caza rock and soil samples
were prepared at the Inspectorate prep lab facility in Durango and analyzed
at their Reno, Nevada analytical labs. The rock chip channel samples were
continuous samples collected over a 10 cm wide by 1 or 1.5 m channel.
Rock chip grab samples were random and representative of the rock or
alteration type on the outcrop. Samples collected by Hochschild and Exmin
were analyzed at the ALS Chemex labs in Hermosillo, Mexico.
Caza Gold Corp., is an exploration company focused on the acquisition and
exploration of strategic gold properties in Mexico and Latin America.
CAZA GOLD CORP.
Per:
/s/ Greg Myers
Greg Myers Ph.D. P. Geo.
President and CEO
For more information, please contact Gregg Wilson at +1-877-684-9700, tel:
+1 (604) 685-9750, fax: +1 (604) 685-9744, email: gregg(at)cazagold.com or
visit our website, www.cazagold.com
'Neither TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.'
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute 'forward-looking statements'
within the meaning of applicable securities laws. 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
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.
End of Corporate News
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108658 11.01.2011
Datum: 11.01.2011 - 16:37 Uhr
Sprache: Deutsch
News-ID 32983
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