Caza Gold has cut a gold mineralization zone of up to 140 m wide, through the latest drill program at the Balleza gold project, which is located on the Moris property, Mexico.
The company has obtained the remaining assay results of eight holes, drilled during the phase I program, totaling 12 holes, at the Balleza project. It has cut gold mineralization in all the 12 drill holes, which includes 1.02 g/t gold over 24 m and 0.64 g/t gold over 137.8 m in the drill hole 2011-08.
The mineralized zone is present in a rhyolitic flow-sill unit and tuffaceous andesitic volcanic rock. Gold mineralization is connected with quartz stockwork veining and strong silica flooding. Caza has examined a 300 m long anomaly, which is a part of the Balleza surface rock-chip geochemical anomaly having a length of 1,200 m, through the drilling program.
A horizontal mineralized body, which is around 350 m wide and 100 m thick, are shown in drilling. Surface rock-chip sampling has opined that the mineralized body may be 1,200 m long. The drill hole fans from 2011-4 to 2011-9 are collared from an ordinary drill location and have cut mineralized gold from the surface. The continuation of the mineralized body is about 200 m down to the drill hole fan’s western part. Near surface potential of gold has not been examined in this surface rock-chip gold anomaly region. Caza drilled the holes 2011-11 and 2011-12 to examine for the mineralized body’s east limit and has cut low-grade, thin gold mineralization.
Gold mineralization is related to a significant fault zone, which has isolated the younger volcanic sills, tuffs and flows from a previous black shale unit. The mineralized gold exists with the silica-iron oxide-pyrite alteration. High-grade gold are connected by an increase of quartz veins and stock-works. Strike length of around 300 m located along the Balleza target is examined through drilling.
The exploration campaign will be extended to examine high-grade silver and gold vein formations along the low-grade mineable targets’ trend and Caza has scheduled to drill both the types of target in early 2012.
Source: http://www.cazagold.com/