Caza Gold became interested in the mineral potential of Nicaragua during the review of the Los Andes Property and subsequent geologic follow up. The unexplored mineral potential became quickly evident and Caza elected to take an aggressive approach, identifying and acquiring properties with the potential to host large gold systems.
Mining in Nicaragua has historically focused on alluvial (placer) gold deposits and high-grade vein systems. Low-grade bulk-mineable gold systems have generally been overlooked, if the local miners couldn’t crush the rock and see gold, they moved on. The Company saw this as an opportunity and quickly focused on the volcanic belt of rocks between the B2Gold mines, El Limon and La Libertad, the rocks that host Los Andes and important ore deposits in neighboring countries.
Caza identified the key alteration and geochemical features of the Los Andes system and moved through the 120 kilometer long belt of favorable volcanic rocks identifying at least 8 possible high sulfidation gold systems identical to Los Andes. All the properties were open to staking. The Company moved quickly to file mineral concessions and currently holds a 100% interest in several attractive gold exploration projects Nicaragua. The Company is one of the largest mining claim holders in Nicaragua with more than 461,926 hectares (4,619 square kilometers or 1,114,420 acres) of mineral claims. At least 9 very large and strongly altered high-sulfidation style gold systems have been identified in an area 120 km long and 25 km wide. Caza has claims covering all of these gold systems with more than 140,152 hectares in this exciting new high-sulfidation gold trend. Caza has also filed claims covering more than 321,774 hectares in the northern and eastern areas of Nicaragua and has early indications of at least two copper-gold porphyry style systems geologically similar to the B2-Calibre Primavera Project. Reconnaissance work will continue on these targets during 2012 to define and prioritize the mineralized systems.