Caza Gold Options Los Angeles Gold Properties in Chihuahua

VANCOUVER, BC - Caza Gold Corp. reported that it has acquired an option to purchase a 100% interest in the Los Angeles mineral properties (160 hectares) located in the Ocampo gold district of Chihuahua State, Mexico. The purchase price is US$1 million, to be made in a schedule of escalating cash payments over a 4 year period, subject to a 3% NSR production royalty.
The Los Angeles properties are strategically located between the 3.5 million oz (gold equivalent) Pinos Altos gold mine now under development by Agnico-Eagle to the north, and the 6.2 million oz (gold equivalent) producing Ocampo gold mine owned by Gammon Gold to the south.
The properties cover a strong, north-west trending, gold-bearing quartz vein-stockwork zone that can be traced for over 2 km but has never been drilled. Caza plans to commence a Phase 1 surface exploration program of geological mapping, geochemical sampling and backhole trenching in the 4th Quarter, 2008.
A Phase 1 drilling program was undertaken this summer on the Los Arrastres properties in Guanajuato, Mexico. Preliminary results confirm the presence of anomalous gold in each of the three mineralized zones drilled but not in economic quantities. Final results are still being interpreted and will be reported in the 4th Quarter 2008.
The company's address is #301-700 West Pender Street, Vancouver, BC V6C 1G8, 604-685-9700, fax: 604-685-9744, email: [email protected], www.canarc.net.