Caza Gold’s President and CEO, Greg Myers declared that the company has identified a preliminary drill target at the Pedregal high sulfidation epithermal gold zone located on the Los Andes project in Nicaragua.
Comprehensive rock chip sampling and geological mapping have identified a silver anomaly in a silicified breccia body beside a cliff face, which remains open for 150 m long and fades away under cover. About 196.9 gpt of silver values in rock chip samples are linked with silicified and argillic zones in a breccia that are characteristic of numerous high sulfidation epithermal gold deposits.
The Pedregal high sulfidation epithermal gold zone lies at the edge of a volcanic caldera, which is one of a series of high sulfidation epithermal modified zones and volcanic calderas located beside a fault zone that delineates the Central Gold Belt in Nicaragua.
In the silicified breccia zone close to the north trending faults, highest silver values have been encountered. The mineralized breccia zone lies below a wide argillic modified cap, which is over 4 km long and 3 km wide, along with an advanced argillic modified zone which is 1 km wide and 2.5 km long.
Anomalous antimony, arsenic, tellurium and bismuth exist in the silicified breccias and argillic cap in the Pedregal region, along with gold and silver. The changes and metal concentrations signify mineralization leakage within the hydrothermal system.
Over 40 silicified breccia bodies with trace metal anomalies, advanced argillic and argillic changes exist in the structural zone, and contain anomalous silver and gold values and higher values of trace metals, which are linked with tellurium, bismuth and arsenic.
The Phase 1 drilling campaign will begin shortly. It will start from Pedregal and target the sulfide and silicified breccia. This campaign is expected to conclude a total of 5000 m at the Quisaltepe and Pedregal targets.
Source: http://www.cazagold.com/