The "Santiago" gold project (962 hectares) is located 12 km east of the town of Batopilas, a famous high-grade silver district, and 20 km east of Goldcorp's multi-million ounce El Sauzal Gold Mine, about 230 km southwest of Chihuahua City in Chihuahua State, Mexico. The Santiago property targets include a large area of intrusive related iron oxide-silica-clay alteration zone closely related to multiple, parallel, high-grade, gold-quartz-sulfide veins. Access is by paved and all-weather gravel roads from the City of Chihuahua 250 km to the east. Infrastructure is very good with state power lines crossing the properties and labor, supplies and services all available locally and from the near-by town of Creel.
The Santiago project has been owned by the same family for over 100 years and was never explored by modern methods. The potential high grade Cliff Vein Zone possibly extends over 1200 meters in length.. Rock-chip sampling by Caza geologists returned consistently high grade gold assays from several veins including 30.3 gpt gold over 2.3 m (0.88 opT over 7.5 ft) in the Veta Blanca, 144.0 gpt over 1.5 m (4.2 opT over 4.9 ft) in the Veta Tajos and 17.7 gpt gold over 2.5 m (0.52 opT over 8.2 ft) in the Veta Verde. Gold and pathfinder elements are elevated in the intrusive related alteration in the Road Zone and may be indicators of additional high grade vein potential. . An NI 43-101 report was completed and is available at www.cazagold.com.
Phase 1 drilling at the Santiago project began in May. A total of 3000 meters of core drilling will be completed in the high-grade Cliff Vein Zone and to the southwest in the Road Zone along the extension of the vein trend. Drilling will also test the low grade, bulk mineable target of silicified andesite at the intrusive contact in the Road Zone.
Moris District, Chihuahua
The "Moris" gold project (16,209 hectares) is located in the Moris district of western Chihuahua State, Mexico about 250 kilometers west of Chihuahua City. Western Chihuahua is a prolific mineralized region with multiple gold-silver epithermal vein deposits, including the Moris (Hochschild), Ocampo (Gammon Lake), Pinos Altos (Agnico Eagle) and Dolores (Minefinders) mines. Access is by paved and all-weather gravel roads from the town of Ocampo 20 km to the east. The town of Moris has good infrastructure and is serviced by a 1,500 foot airstrip. Caza controls several prospective mineralized zones within the Moris District including possible extensions to the Moris mine and both recent and historic gold prospects in the Tecolote and Balleza-La Cienega sub-districts.
The Balleza-La Cienega area provided most of the historic gold-silver production from the Moris district. Multiple small mines exploited high-grade veins along structural zones several kilometers in length. The Balleza target within the La Cienega sub-district consists of a wide zone of potassic alteration with silicification and quartz stock-works within and near a large dacite dike similar to the Dolores deposit of Minefinders'. Previous sampling results are quite encouraging. Sampling has collected over 550 samples, including silicified dike, stockwork zones, and veins and 237 of the samples were above a 0.3 gpt cutoff grade and averaged of 1.27 gpt Au. Twenty four silicified dike samples averaged 1.66 gpt Au. Two continuous chip samples have been collected from the dike zone with silicification and stockwork veining. One sample was 16.5 m containing 1.75 gpt Au (Hochschild) and another over 15 m contains 1.715 gpt Au (Caza). These chip samples are 180 meters apart in similar altered dike rocks along strike. The resistant silicified knob of the dike is 500 m long by 150 m wide bounded by a well defined fault zone. Car-sized mineralized boulders with strong stockwork quartz veining cover the hill below the silicified knob. Hochschild drilled two holes to the south of the silicified dike outcrops in opposite directions. One hole intersected a wide mineralized interval of 62.4 meters grading 0.53 g/t Au (203 ft of 0.02 opT Au) 100 meters below the outcropping dike. No follow-up drilling was ever conducted on these properties and the mineralized zones remain open along strike and down dip. Drilling is schedules to begin in late May of 2011 and will test a portion of the mineralized dike and stockwork targets.
The Tecolote vein system outcrops west of the Moris mine and includes numerous gold bearing vein, stock-work and silicified zones up to dozens of meters in width over a 2.5 km strike length and 500 m in vertical extent. The three holes drilled in 2006 by Hochschild intersected a strong gold mineralized system, including 0.6 gpt gold over 40.8 m (0.02 opT over 133 ft) and 1.1 gpt over 17.1 m (0.032 opT over 56.1 ft).
Los Andes, Nicaragua
The Los Andes property covers approximately 6,575 hectares and is strategically located within the Central Nicaragua Gold Belt between the El Limon and La Libertad Mines of B2 Gold. The high sulfidation gold system is exposed on surface as an extensive alteration zone of hydrothermal vuggy quartz, pervasive silification, and alunite associated with highly anomalous gold, silver, and trace elements. The alteration zone covers a 45 square kilometer area and measures 12 kilometers long by up to 6 kilometers wide. It is similar in size, nature, intensity, and trace element geochemistry to world class gold deposits such as Yanacocha and Pierina in Peru.
Surface samples grading up to 2.5 grams per tonne gold within alunite-altered and silicified volcanic breccias, were collected by Caza. The property was previously held years ago by First Point Minerals, who conducted extensive surface rock sampling.
Detailed mapping and sampling of los Andes area is underway to define alteration and geochemical patterns. The mapping program will identify high priority gold targets for drilling in late 2011 or early 2012.
A regional reconnaissance and claim staking program is underway in the belt of rocks which host the Los Andes property and more than 10 strongly altered high-sulfidation style systems have been identified in an area 80 km long and 25 km wide. Caza has filed claims covering more than 120,000 hectares in this exciting new gold trend.
MANAGEMENT AND DIRECTORS
Greg Myers, Ph.D., P.Geo. – President and CEO, has 30 years experience in mining as an exploration and production geologist, manager and executive working in Mexico, Peru, and North America for BHP Billiton, Phelps Dodge, Kennecott, Newmont, and other companies. Dr. Myers has had several successes including 7 new discoveries in old mine districts and significant mine expansions, major acquisitions, completed several feasibility studies, and re-starts of past-producing gold and copper mines.
Bradford Cooke, M.Sc, P.Geo. – Chairman, is the Founder, Chairman and CEO of Endeavour Silver Corp. and Canarc Resource Corp. – with 34 years experience as a professional geologist, manager and executive in the mining sector - including mineral exploration and project management for Shell, Chevron, Noranda and other companies - and corporate development and finance for several junior mining companies.
Donald Cameron M. Sc., - Vice President Exploration, is a licensed geologist with 35 years of experience, highly skilled in all technical aspects from a first drill project to large open pit or underground mining. Mr. Cameron specializes in the exploration, evaluation and development of mineral deposits. Prior to joining Caza Gold he was Director of Technical Services for Kinross Gold.
Philip Yee, MBA, CMA - CFO and Director, is a Professional accountant with over 20 years experience in various corporate, operating and management roles for public companies with mineral exploration and mining projects in the Americas and in Asia.
Stewart Lockwood, LLB, MBA - Corporate Secretary and Director - Partner in Vector Corporate Finance Lawyers, with 22 years experience in corporate and securities law, focusing on natural resources and mining - Past Chair of the B.C. Securities Commission Security Policy Advisory Committee – and worked several years as a securities regulator at the VSE.
Anthony Hawkshaw, BBm, CA – Director, is the Founder and CFO of Rio Alto Mining – with 30 years experience as professional accountant, manager and executive in the mining industry - for companies such as Falconbridge Nickel, Echo Bay Mines and Pan American Silver
Marco Montecinos, Geologist Consultant- over 25 years experience in exploration projects and business development in the Americas. Marco has worked as Senior Consultant to Intrepid Mines Ltd. in the Americas and Australia, as Vice President of Exploration for Montana Gold, numerous junior, intermediate and senior companies including Francisco Gold, Phelps Dodge, Placer Dome, Billiton, Alta Gold and Nerco Minerals. Marco was instrumental in the discovery of the Marlin Deposit in Guatemala and other gold deposits in Nevada, Mexico, and Central America. Marco is a native of Chile and fluent in Spanish.
Gregg Wilson, Investor Relations
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