• Freitag, 15 November 2024
  • 10:49 Uhr Frankfurt
  • 09:49 Uhr London
  • 04:49 Uhr New York
  • 04:49 Uhr Toronto
  • 01:49 Uhr Vancouver
  • 20:49 Uhr Sydney

Caza Gold Corp. Finds New High-Sulfidation Epithermal Gold Target on the

10.04.2012  |  Marketwire
Vancouver, Canada - Greg Myers, CEO and President of Caza Gold Corp. (CZY:
TSX-V, FSE: CZ6, and OTC Pink Sheets: CZGDF), announces that the Company's
ongoing Nicaragua Regional Exploration Program has identified a new high
sulfidation epithermal gold target named Las Lajas on its 100% owned La
Borbona Property in Nicaragua.

La Borbona is located approximately 15 kilometers (km) southwest of Caza's
key Los Andes Property where the Phase 1 exploration drill program is
scheduled to commence shortly. Gold mineralization and alteration at Las
Lajas has been identified in initial surface rock chip and soil samples
from an area of strong silicification and advanced argillic to argillic
alteration approximately 1.6 km in diameter inside a 7 km diameter volcanic
caldera.

See map at: http://www.cazagold.com/_resources/maps/la-ll-sf-alt-map.pdf.

A total of approximately 160 soil samples collected on a 50-100 m spaced
grid returned anomalous values ranging up to 40 ppb gold accompanied by
strongly anomalous tellurium, bismuth, and selenium. The geochemically
anomalous zone is hosted by strongly altered volcanic rocks and breccia
bodies and is interpreted to sit high up in the hydrothermal system. Such
high level targets are often considered to be the uppermost expressions of
prospective high sulfidation epithermal gold deposits.

Work is continuing to explore the 25 km long Los Andes-Pochote gold bearing
structure. The Company has identified more than 14 gold target areas based
on rock chip sampling along the structure.

Preparations for drilling on the Los Andes Property are nearing completion
at the Quisaltepe and Pedregal targets. Swissboring SA de CV has been
contracted for the Phase 1 Los Andes drilling program and permitting, road
and pad building are well advanced for equipment mobilization within the
next two weeks.
The Company is also delighted to announce that Mr. Bruce Korhonen has
joined Caza Gold Corp. as the Director of Investor Relations, effective
immediately. Mr. Korhonen has been involved in the public markets for over
12 years, and has extensive experience in Investor Relations, marketing and
corporate finance. In his roles with other junior mining companies, Mr.
Korhonen has not only raised many millions of dollars, he has also
developed and implemented successful IR communication strategies. A total
of 100,000 incentive stocks options have been granted to Mr. Korhonen,
which shall vest according to TSXV regulations of 25% after 3 months, and
25% every 3 months thereafter, being 100% vested in 12 months, subject to
Board and TSXV approval with a strike price of $0.26. The Options will be
valid for a term of 3 years.

'We are very pleased to have Mr. Korhonen join Caza. Bruce and I worked
together previously and I have great confidence in his abilities. He will
help us build our shareholder base globally and improve communications as
we move into the next stage of building Caza's projects into discoveries',
commented President and CEO, Dr. Greg Myers. Mr. Korhonen will coordinate
the investor relations activities during Gregg Wilson's indefinite leave of
absence for health reasons.

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

Caza Gold Corp. is a growth-oriented gold exploration company listed on the
TSX-V: CZY, FSE: CZ6, and OTC Pink Sheet: CZGDF. The Company is focused on
the acquisition and exploration of strategic gold properties in Mexico and
Latin America.

CAZA GOLD CORP.
Per:

/s/ Greg Myers

Greg Myers
President and CEO

For more information, please contact Bruce Korhonen at Toll Free:
1-877-684-9700, tel: (604) 685-9750, fax: (604) 685-9744, email:
bkorhonen@cazagold.com or visit our 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 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.


End of Corporate News

Unternehmen: Caza Gold Corp. - ISIN: CA1497981003
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Caza Gold Corp.
Bergbau
-
-
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.