Vancouver, Canada – December 7, 2010 - Greg Myers, CEO and President of Caza Gold Corp. (CZY:TSX-V), is pleased to provide an update for the Santiago gold project in Chihuahua Mexico.
Caza Gold Corp. has received assay results from the recent sampling program at the Santiago Gold Project in Chihuahua, Mexico. A previously un-identified gold bearing vein occurrence was discovered, extending the Cliff Zone veins 400 meters to the northeast, along the mineralized fault structure. A 1.4 meter chip sample of the vein returned an assay of 6.2 gpt gold and the nearby silicified andesite, with quartz filled hairline fractures, contained 0.79 gpt gold over 1.5 meters. A 1.1 meter chip sample of a similar silicified andesite from a parallel fault zone, approximately 130 meters north of the Cliff Zone veins, contained 0.6 gpt gold. See sample location map on website at:
Additional mapping and sampling has begun and will follow up on these new areas of gold mineralization and will continue to explore along the Cliff Zone vein trend. Drill road construction will begin in December in preparation for the January-February 2011 drilling program, which will complete approximately 2000 meters, testing the Cliff Zone and the Road Zone targets.
The discovery of the high-grade vein outcrop 400 meters northeast of the Cliff Zone is important as this extends the mineralized structure significantly. Previous sampling had identified the mineralized Road Zone extension, 700 meters to the southwest of the Cliff Zone. The overall mineralized structure and high-grade veins have now been identified in discontinuous surface sampling over 1.2 kilometers of strike length.
The discovery of the low grade gold values in silicified andesite is also exciting and will be further explored to determine if a bulk mineable, low grade target is present in addition to the high grade vein systems. Several additional fault controlled, iron-stained anomalies are present on the property and will be mapped and sampled in the coming weeks as well.
The Santiago 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. The Property is about 230 km southwest of Chihuahua City in Chihuahua State, Mexico. The gold mineralization occurs in a prominent iron oxide-silica-clay alteration zone surrounding multiple, parallel, high-grade, gold-quartz-sulfide veins. Access is by paved and all-weather gravel roads from the City of Parral 200 km to the east. Infrastructure is very good with state power lines crossing the properties and labor, supplies and services all available in near-by Batopilas and from the near-by town of Creel.
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. (CZY:TSX-V), is an exploration company focused on the acquisition and exploration of strategic gold properties in Mexico and Latin America.
CAZA GOLD CORP.
/s/ Greg Myers
Greg Myers Ph.D. P. Geo.
President and CEO
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