Caza Gold Corp. (CZY.V) shares were down $0.02 to $0.56 each prior to the company reporting that its geological team identified several strong trace element anomalies associated with high gold values and high sulfidation alteration on the Los Andes gold property in Nicaragua.
The company also said it was very encouraged by the initial assay results from its Balleza-La Cienega project at its Moris property in Chihauhau, Mexico. The Balleza gold target area is now over 1200 meters long and up to 400 meters wide — double the area of the previously known mineralized zone.