DGAP-News: Caza Gold Corp. Stakes Eleven New Properties Covering Multiple Large Hydrothermal Alteration Zones Within the Central Nicaragua Gold Belt
(firmenpresse) - DGAP-News: Caza Gold Corp. / Key word(s): Contract
Caza Gold Corp. Stakes Eleven New Properties Covering Multiple Large
Hydrothermal Alteration Zones Within the Central Nicaragua Gold Belt
21.02.2011 / 17:17
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Vancouver, Canada - Greg Myers, Ph.D., President and CEO of Caza Gold Corp.
(CZY: TSX-V; CZ6: Frankfurt) is pleased to announce that the Company has
identified and acquired by staking 100% interests in eleven new properties
covering multiple large hydrothermal alteration zones similar in size and
nature to the high sulfidation gold alteration system found on the
Company's Los Andes gold property in Nicaragua. The new claims are
strategically located within the Central Nicaragua Gold Belt between the El
Limon and La Libertad gold mines of B2 Gold.
Caza now owns approximately 100,000 hectares spanning 77 km long by 25 km
wide within this newly identified high-sulfidation epithermal gold trend.
Caza has commenced reconnaissance mapping and sampling of these alteration
systems to prioritize them for detailed gold exploration. The alteration
zones occur in the same Tertiary volcanic belt that hosts multiple
epithermal precious metal deposits from Mexico all the way to Panama.
The Los Andes property hosts an extensive alteration system of hydrothermal
vuggy quartz, pervasive silification, and alunite associated with highly
anomalous gold, and trace element anomalies in copper, molybdenum, bismuth,
barium, selenium, tellurium, mercury, arsenic, and antimony. Los Andes
quartz-alunite alteration covers at least 45 square kilometers and is over
12 kilometers long and up to 6 kilometers wide. The Los Andes alteration
footprint is similar in size, intensity, and trace element geochemistry to
the alteration zones of world class gold deposits such as Yanacocha and
Pierina in Peru.
'Caza believes the Central Nicaragua Gold Belt has not been well explored
for high sulfidation epithermal gold mineralization because most of the
historic and current gold mines are of the low sulfidation type. Caza's
highly experienced team of exploration professionals in Nicaragua continue
to advance early stage exploration on both the Los Andes Property and the
newly acquired gold properties,' commented President and CEO, Dr. Greg
Myers.
Greg Myers, Ph.D., P.Geo., is the Qualified Person who reviewed and
approved the contents of this news release.
Caza Gold Corp., is a recently listed exploration company focused on the
acquisition and exploration of strategic gold properties in Mexico and
Latin America.
CAZA GOLD CORP.
Greg Myers Ph.D. P. Geo.
President and CEO
For more information, please contact Gregg Wilson at 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'. Wecaution 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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21.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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112948 21.02.2011
Datum: 21.02.2011 - 17:17 Uhr
Sprache: Deutsch
News-ID 33260
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