CZ

Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce
the commencement of its 2011/12 exploration program in respect of its Nicaraguan
Gold Properties. 


A 12 month exploration program has been planned across all of the Company's 16
concessions (137,000 ha). This program includes stream sediment sampling on
concession areas not previously sampled as well as concessions worked on
historically. 


Potential gold occurrences have already been identified on some concessions and
soil geochemistry surveys will be carried out on prospective areas. Previous
work done by Fortress de Nicaragua identified five potential drill targets from
soil geochemistry. Fortress had also commenced trenching on one target.
Trenching will also be undertaken on the other four targets as well as any
additional targets identified during the current program. Up to 7,500 meters of
reconnaissance core drilling is planned during the next twelve months,
commencing in October 2011. The drill program is expected to continue through
May 2012. The exploration program will be supported from the Company's newly
opened administrative offices in Managua, Nicaragua.


The chief geologist responsible for planning and overseeing the exploration
program is Mr. Gabriel Segura. He was previously the chief geologist for
Fortress de Nicaragua prior to its acquisition by Cassius Ventures and has a
wealth of experience in geological exploration in Central America. 


The Company is pleased to announce the hiring of Mr. Edgardo Cuaresma as Country
Manager. In addition to general administration, Mr. Cuaresma will take
responsibility for maintaining good relations and liaising with all national and
municipal government departments, and landowners, in respect of the Company's
activities, ensuring the Company complies with all relevant regulations. 


John Thomas, President and CEO noted: "Our team in Nicaragua led by Gabriel
Segura includes 10 geologists and prospectors in the field, with some 30 support
staff and a plan to advance exploration in all of our areas, including the
drilling of at least 5 different targets. The hiring of Edgardo Cuaresma will
help to ensure that we maintain a strong working relationship with the
Nicaraguan authorities and key stakeholders."


The Company also announces the granting of a total of 1,435,000 incentive stock
options, exercisable at $0.21 per share for five years, to directors, officers
and employees of the Company subject to regulatory approval.


On behalf of the Board of Directors

Cassius Ventures Ltd.

John Thomas, President and CEO

Cassius Ventures Ltd (TSXV:CZ)
Historical Stock Chart
From Jun 2024 to Jul 2024

Cassius Ventures Ltd (TSXV:CZ)
Historical Stock Chart
From Jul 2023 to Jul 2024