DGAP-News: Caza Gold Corp. Begins Phase 1 Drill Program at the Balleza Gold Project, Moris Property Chihuahua, Mexico
(firmenpresse) - DGAP-News: Caza Gold Corp. / Key word(s): Miscellaneous
Caza Gold Corp. Begins Phase 1 Drill Program at the Balleza Gold
Project, Moris Property Chihuahua, Mexico
31.05.2011 / 15:00
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Vancouver, Canada - Greg Myers, CEO and President of Caza Gold Corp. (CZY:
TSX-V and FSE: CZ6), is pleased to announce that the Phase 1 drill program
is now underway at the Balleza gold project on the Moris property in
Chihuahua, Mexico.
Approximately 4,000 meters of core drilling will be completed to test the
core of the 1200 meter long, up to 400 meter wide, bulk tonnage Balleza
gold target. The target is a silicified and potassically altered zone along
the contact of the host andesite tuffs and a large dacite dike related to a
7 km long regional mineralized structure.
See map at: http://cazagold.com/_resources/5-10-11_nr_balleza_au-k.pdf
Surface sampling has identified two types of gold mineralization at
Balleza, a higher grade quartz stock-work zone and lower grade disseminated
mineralization. The gold bearing quartz stock-works have returned assays in
grab samples up to 36 grams per tonne gold (gpt). More than 550 rock chip
samples have been collected in the Balleza target area, of which 237
samples exceed 0.3 gpt gold and average 1.27 gpt gold.
The Balleza project is part of Caza's Moris property (16,209 hectares)
located 10 km west of Gammon Gold's Ocampo mine. The property is about 230
km northwest of Chihuahua City in Chihuahua State, Mexico. Access is by
paved and all-weather gravel roads. Infrastructure is very good with state
power lines crossing the properties and labor, supplies and services all
available in the nearby towns of Moris, Ocampo and Cuauhtemoc.
Greg Myers, Ph.D. P. Geo is the Qualified Person who reviewed and approved
the contents of this news release. All samples were prepared at the
inspectorate prep facility in Durango and analyzed at their Reno, Nevada
analytical labs.
CAZA GOLD CORP.
Greg Myers
President and CEO
About Caza Gold Corp. - Caza Gold is a junior resource company focused on
the acquisition and exploration of strategic gold properties in Mexico and
Latin America. In 2011, the company plans to drill the prospective Santiago
and Moris properties in Mexico and explore its large portfolio of high
sulfidation, epithermal gold properties in Nicaragua.
For more information - Please contact Gregg Wilson at Toll Free:
1-877-684-9700, tel: + 1 (604) 685-9750, fax: +1 (604) 685-9744, Email:
gregg(at)cazagold.com , website, www.cazagold.com
'Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) 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 anyobligation 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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31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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126939 31.05.2011
Datum: 31.05.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 34280
Anzahl Zeichen: 0
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Kategorie:
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