Exploration Program at Los Andes Nicaragua Project
VANCOUVER - Brian Arkell, CEO and President of Caza Gold Corp. reported that the 2015 exploration program is underway on the Los Andes Project in Nicaragua. The Los Andes project is located one hour east of Managua along the Pan American highway and close to major infrastructure.
The Los Andes Project is a district-scale exploration area covering over 6,500 hectares (65 sq. km). Early stage exploration by Caza has identified a number of high sulfidation epithermal centers within the district as well as low sulfidation epithermal veins along the periphery. Tertiary andesite volcanics associated with multiple intrusives and caldera complexes host alteration and Au-Ag mineralization. Caza has identified 11 targets along a structural corridor over 11 km long. Au-Ag mineralization has been identified on surface associated with silicification, argillic alteration, breccia pipes, and diatremes.
Initial work will focus on the San Francisco Project where exploration has identified Au mineralization associated with low to intermediate sulfidation epithermal quartz-carbonate veins. Surface sampling and trenching have identified anomalous Au up to 6.5 g/t Au at San Francisco. Caza plans to extend the area of mapping and sampling, and follow up with trenching plus IP.
The Company plans further work this year on a number of targets at Los Andes and other concessions in the region. Exploration plans include reconnaissance prospecting on the early stage targets as well as detailed mapping, sampling, and geophysics on the more advanced targets. Drilling is budgeted for at least three first-pass drilling projects.
Caza Gold controls over 750 square kilometers of prospective ground within the central Nicaragua Gold Belt. In addition to the Los Andes Gold Project, Caza is exploring the Piedra Iman porphyry in northern Nicaragua along with five high sulfidation volcanic hosted Au-Ag targets located in west-central Nicaragua near the Pan-American Highway.
Caza Gold Company has a quality control and quality assurance program in place for the San Francisco Project. Samples and trenching were collected and carried out under the supervision of Company personnel and transported to a secure storage facility. Coarse, blind, blanks and blind commercial standard gold reference materials for analysis control are inserted in the sample stream. Samples in sealed bags are trucked to the primary laboratory. All samples were prepared at the Inspectorate prep facility in Managua, Nicaragua and analyzed at their Reno, Nevada analytical labs. Blanks and standard reference material results are within acceptable ranges.