In 2011, 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 belt of volcanic rocks along the northeast side of the Nicaraguan Graben between the B2Gold mines, El Limon and La Libertad. The setting was clearly similar to the geology hosting major mineral deposits in neighboring countries.
Caza initially identified key geological and geochemical features in the Los Andes system and then moved through the 120 kilometer long belt of favorable volcanic rocks along the edge of the Nicaraguan Graben, identifying a number of other targets. All were open to staking and the Company moved quickly to file mineral concessions. Presently, the Caza is one of the largest mining claim holders in Nicaragua and holds a 100% interest in several attractive gold and / or copper exploration projects.
Caza specializes in prospect generation and early-stage exploration oriented for discovery. The company believes this realm, the discovery phase, offers the highest potential reward for investments. Caza currently controls 14 mineral exploration concessions in Nicaragua. Within these holdings, the Company currently has a total of 20 exploration projects, ranging from initial stage reconnaissance generative exploration projects (6), to exploration prospects (9), to initial drilling or drill-ready targets (5). The Company’s land holdings and projects change periodically as targets are tested and advanced to decision points, or as new projects are added. The current holdings include two keystone projects, Los Andes and Piedra Iman, along with a number of earlier stage, highly prospective projects.