Lichkvaz-Tey Gold Project
The Lichkvaz-Tey gold property was explored during the Soviet era resulting in 18 km of drives and tunnels on 8 underground levels, spaced 40m to 100m apart vertically and in numerous raises. The property is located 380 km south of Yerevan with access to power, water and to the main highway serving the area.
The project is being pursued jointly with BacTech Mining Corporation (TSX.V: BM). BacTech has the option to acquire a 40% interest in Caldera’s subsidiary, Biomine LLC, in return for providing technical support and test work for the project. The project belongs to the government of Armenia.
Mr. Ricardo Valls, M.Sc., P.Geo. independent geologist for Caldera, has completed his review of the GKZ (the Russian State Commission on Mineral Reserves) reports on the property that were received from the Ministry of Energy and Mines and has confirmed the following published mineral resources:






Estimated Resources of the Lichkvaz deposit by the GKZ in 1986*
Element | Unit | C 1 | Unit | Grade | C 2 | Unit |
Ore | KT | 1,291 | 1,490 | |||
Gold | Kg | 10,144 | g/t | 7.85 | 7,063 | g/t |
Silver | T | 49.7 | g/t | 38.5 | 45.4 | g/t |
Copper | KT | 6.2 | % | .48 | 5.3 | % |
Sulphur | KT | 240.3 | % | |||
Zinc | KT | 23.6 | % | |||
Lead | KT | 15.1 | % | |||
Selenium | T | 15.1 | g/t | |||
Tellurium | T | 23.7 | g/t | |||
Bismuth | T | 195.2 | g/t |
Element | Grade | P 1 | Unit | Grade | P2 | Unit | Grade |
Ore | 4,700 | 2,000 | |||||
Gold | 4.74 | 21,360 | g/t | 4.5 | 10,000 | g/t | 5 |
Silver | 30.5 | 87 | g/t | 18.5 | 30 | g/t | 15 |
Copper | .35 | ||||||
Sulphur | 8.64 | ||||||
Zinc | 0.85 | ||||||
Lead | 0.54 | ||||||
Selenium | 5.4 | ||||||
Tellurium | 8.5 | ||||||
Bismuth | 0.0038 |
The table below prepared by Mr. Valls P.Geo., presents the same GKZ data by metal and category using CIM classifications.
Category | Au (oz) | Ag (oz) | Cu (lb) | Zn (lb) | Pb (lb) |
Measured | 325,827 | 1,598,003 | 13,661,603 | ||
Indicated | 227,068 | 1,461,090 | 11,497,105 | 27,921,541 | 17,738,391 |
Total | 522,894 | 3,059,093 | 25,158,709 | 27,921,541 | 17,738,391 |
Inferred | 679,988 | 2,795,505 | |||
Mineralized Zone | 321,507 | 964,522 |
Qualified Person
Mr. Jim Steel, MBA P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.
Additional information related to the Company is filed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR).
THIS INFORMATION MAY INCLUDE CERTAIN “FORWARD-LOOKING STATEMENTS”. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED IN THIS RELEASE INCLUDING FUTURE PLANS AND OBJECTIVES OF CALDERA, ARE FORWARD- LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.