Tel. (507) 264-4705
Tel. (507) 264-4722
Tel. (507) 264-4731
Fax: (507) 264-4680
E-mail: ebtesh@capiradorada.com
 
Via España, Plaza Liza’s Building. 4th floor 
Panama City, Panama
P.O. Box 0816-02164 Zone 5

Summary of Cacao gold project

CACAO SUMMARY

  • The Cacao Project is a property of merit, another of the important new gold-silver discoveries made in Latin America in the last 20 years following a wave of liberated economic policies and free market capitalism throughout the region.

 

  • The property is comprised of an area of essentially 50 square kilometers within which more than 80 epithermal veins and/or related stockworks zones with indications of gold have been discovered in four major albeit contiguous target areas. 

 

  • The property is situated in the Capira District of Panama Province, and is owned by Capira Dorada, S.A, a Panamanian company controlled by Mr. Edgard Btesh, O.B.E, a well known and respected Panamanian businessman. 

 

  • The principal areas of interest are located approximately 60 kilometers south southwest of the nation's capital, Panama city, from which they can be reached by one and a half hour drive over a variety of paved and graveled roads.

 

  • Although is has not yet been drilled, or excavated by mechanical means,  the property has been extensively prospected with over 3,000 samples collected from numerous outcrops and trenches. 

 

  • More than 43% contained more than 0.10 Au g/t, and nearly 8% of the total contained greater than 1.0 Au g/t.

 

  • Nearly, 48% of 1,928 Ag samples analyzed contained more than a gram per tonne silver, and about 6% of the total contained more than 10 g/t.

 

  • The zones of interest are in places more than a hundred meters wide. They are comprised of massive veins as much as 10 meters wide as well as swarms of veins a few centimeters to a meter or two wide, cutting phyllic to argillic alteration haloes with quartz-limonite after sulphide stockworks, and disseminations

 

  • Gold and electrum occurs both within the quartz veins and in the adjacent rocks mostly as 2-40 micron particles associated with drusy quartz-lined cavities and iron hydroxides. 

 

  • Larger pods of gold, locally visible to the naked eye, may have formed by supergene processes.

 

  • The veins are controlled by fault structures and bedding, and are of the low sulphidation epithermal style. They are characterized by banded, cockade, comb and multiphase breccia fabrics.

 

  • The quartz is commonly aphanitic but sugary and drusy crystalline variants are also common.

 

  • Sulphides or their oxidation products are generally not abundant.

 

  • The country rocks are continental volcanic rocks of Miocene age related to the early stages of the Valle Caldera Complex and consist of interbedded andesite flows and related tuff breccias.

 

  • Outcrops of most units are sparse and subdued due to tropical weathering that has reduced all but the most siliceous rocks to saprolite.

 

  • Veins and stockworks zones are controlled by fault structures and tend to be much broader where hosted by volcaniclastics units as opposed to the massive to blocky flows units. 

 

  • The most strongly mineralized area consists of the Cocorito, Cupula and Zahab zones within a horst block that exposes the deepest volcanic formations comprised of interbedded andesite flows and debris flows.

 

  • Many veins contain bladed quartz pseudomorphs after calcite and conical pseudomorphs after aragonite. These features plus the local presence of amethyst crystals and relatively low temperature fluid inclusions suggest that current exposures are the high level portions of epithermal systems, well above boiling zones and potential zones of bonanza gold-silver mineralization

 

  • A tentalizing thought is the possibility of finding important mineralization in the marine carbonate units that are known to underlie the volcanic sequence. 
 
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