Caza Gold Drilling Intersects Broad Zone of Gold Mineralization at the Balleza Gold Project on the Moris Property in Chihuahua, Mexico
Vancouver, Canada – October 19, 2011 – Greg Myers, CEO and President of Caza Gold Corp. (TSXV: CZY, FSE: CZ6), is pleased to announce that recent drilling at the Balleza gold project on the Moris property in Chihuahua, Mexico intersected a broad zone of gold mineralization up to 140 meters (m) in true thickness.
Caza Gold has received the assay results from the remaining 8 drillholes of the Phase 1, 12 hole, 3,519 meter drilling program at Balleza. All 12 drillholes intersected gold mineralization including 137.8 m grading 0.64 grams per tonne (gpt) Au in drillhole 2011-08 which included 24 m grading 1.02 gpt Au. The mineralized zone is hosted in tuffaceous andesitic volcanic rock and a rhyolitic flow/sill unit. Gold mineralization is associated with strong silica flooding and quartz stockwork veining. Drilling tested a 300 meter-long portion of the 1200 m long Balleza surface rock-chip geochemical anomaly.
Assay results for drillholes 2011-01 through 2011-04 were reported on October 4, 2011 and the results for the remaining 8 holes as follows:
CZY is down 20% more than the S&P this year. Nice way to protect your wealth.