Newstrike Capital Intersects 214.55 Meters of 3.29 g/t Au at The Ana Paula Project, Guerrero, Mexico
June 20 2013 - 5:07PM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company")
announces further results from the ongoing drilling program at the Company's
100% owned Ana Paula Project in Guerrero, Mexico. These results are from
drilling designed to test targets within Ana Paula's floating cone pit
(Newstrike press release May 8, 2013) and below the lower part of the breccia
zone.
Highlights include:
-- AP-12-137 intersected a 143.78 meter section from 224.40 m to 368.18 m
of 2.57 g/t Au including 47.58 meters of 5.45 g/t Au from 320.60 m to
368.18 m, including 20.12 meters of 11.0 g/t Au from 322.14 m to 342.26
m.
-- AP-13-162 (partial results) intersected strong mineralization over
multiple intersections including a 214.55 meter section from 3.85 m to
218.4 m averaging 3.29 g/t Au, which includes 20.0 meters of 16.33 g/t
Au from 123.00 to 143.00 m.
Other intersections in AP-13-162 include:
-- 132.87 meters of 1.48 g/t Au from 417.35 to 550.22, which includes 88.34
meters of 2.03 g/t Au from 418.32 to 506.66 m, and higher grade
intercepts of 9.33 meters of 3.16 g/t Au from 423.52 to 432.85, 23.42
meters of 4.15 g/t Au from 479.40 to 502.82,
-- 10.10 meters of 3.23 g/t Au from 678.05 to 688.15.
AP-12-137 forms part of series of recommended infill holes designed to improve
the mineral confidence within the Ana Paula floating cone pit (see Newstrike
press release May 8, 2013) and to test an area above and west of the known
breccia zone.
AP-13-162 (partial results) is the first of several drill holes designed to test
the breccia body down-plunge to confirm the geometry and structure near the
surface and to test the continuity of the breccia body at depth. To date assays
have been received for the first two thirds of the hole which was completed at
1407.90 meters. The remainder of the hole will be reported in a future release.
Discussion of results
A total of 1,834.95 meters in 2 new holes, AP-12-137 and AP-13-162, are reported
and will be added to the 130 holes available on the Company website together
with the drill location maps and sections.
Results for AP-12-137 are consistent with other holes in this area and confirmed
the presence of high-grade mineralization at depth as expected.
Hole AP-13-162 was drilled down the plunge of the breccia zone to determine its
depth extent and position for later drilling across the structural grain. The
lithologies and grades in the near surface portion of the breccia are very
similar to those predicted from the geologic and block models. The portion of
the hole below the 375 meter level down-hole is below the conceptual floating
cone pit as defined in the maiden resource study. Several higher-grade
intercepts were cut below this level and are included in the highlights listed
above and in the table of results below.
Table 1. Preliminary drill hole collar locations
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UTM WGS84 Orientation Total Quadrant
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Elev. Depth
Drill hole E (m) N (m) (m) Azimuth Inclination (m)
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AP-12-137 410,166 1,997,847 1,050 330 -60.0 427.05 SE
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AP-13-162 410,124 1,998,024 937 165 -77.0 1407.90 SE
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Table 2. Selected weighted grade intersections
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Length
Drillhole From To (m) Au g/t Ag g/t
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AP-12-137 28.10 36.23 8.13 0.90 2.8
41.31 43.76 2.45 0.34 16.9
47.83 62.05 14.22 0.57 7.1
160.78 368.18 207.40 1.88 2.7
224.40 368.18 143.78 2.57 2.8
includes 320.60 368.18 47.58 5.45 4.1
and 322.14 342.26 20.12 11.00 5.5
389.00 404.45 15.45 0.54 0.1
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AP-13-162 3.85 218.40 214.55 3.29 6.8
Results includes 123.00 143.00 20.00 16.33 7.6
pending for 968m to EOH 225.30 236.14 10.84 1.05 1.8
243.82 285.75 41.93 2.60 2.7
includes 249.43 281.54 32.11 3.29 3.4
344.02 361.60 17.58 1.19 1.2
370.70 410.90 40.20 0.69 1.5
includes 370.70 395.60 24.90 0.92 2.2
417.35 550.22 132.87 1.48 1.1
includes 418.32 506.66 88.34 2.03 1.4
includes 423.52 432.85 9.33 3.16 2.1
includes 479.40 502.82 23.42 4.15 2.6
includes 482.20 483.10 0.90 65.29 20.2
554.86 566.50 11.64 0.74 0.8
578.80 600.25 21.45 0.93 0.5
606.55 612.75 6.20 0.60 0.4
621.80 713.10 91.30 0.79 1.6
includes 679.05 688.15 9.10 3.23 7.0
and 679.05 683.85 4.80 6.18 13.3
717.50 737.13 19.63 0.76 0.5
includes 717.50 730.62 13.12 1.01 0.6
740.58 766.29 25.71 1.07 2.9
includes 746.47 751.56 5.09 3.58 8.4
796.35 867.20 70.85 0.33 1.5
910.40 921.82 11.42 0.48 1.1
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QA-QC:
Newstrike maintains strict QA-QC protocols for all aspects of their exploration
programs that include the systematic insertion of blanks and standards into each
sample batch. ALS Chemex and Acme Labs (now a part of the Bureau Veritis group
that includes BSI Inspectorate) performed assay analyses reported in this
release. All samples are assayed using the respective laboratories certified and
industry standard assay techniques for gold and multi-element packages and for
over limits; Au was analyzed by 50 gram fire assay with an atomic absorption
finish, and other elements were analyzed by multi-element ICP or MS packages.
The reported mineralized intervals in core tend to be separated by "barren"
intervals that may or may not contain narrow anomalous sections and local
high-grade spikes that are not included in the calculations of mineralized
intervals. Unless specified otherwise, reported intersections are calculated
according to a protocol that uses a 0.20 g/t Au cut off for bounding assays.
Reported grade intervals are based on the original uncut assay certificates as
received from the assay labs. They do not include check assays pending at the
time of reporting. The dip of the geology and the mineralized intersections
varies across the property and the true widths are not accurately known at this
time. True width can be expected to be equal to or smaller than the reported
intervals.
A table of all weighted grade intercepts over a 0.20 g/t Au cut off is available
on the company website together with drill location maps and sections at
www.newstrikecapital.com.
About Newstrike (TSX VENTURE:NES)
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and
historic mining districts in Mexico. Key senior members of the Company's current
management and directors have participated in Guerrero Gold Belt discoveries,
including Goldcorp Inc.'s producing Los Filos Mine and Torex Gold Resources
advanced stage Morelos Project in Guerrero State.
Newstrike holds a 100% interest in certain exploration properties in Mexico
located within established mining districts; the Au (Ag-Cu) skarn-porphyry camp
of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich epithermal
camp of the mining districts of Oaxaca State.
The Ana Paula Project is central to Newstrike's 88,000 hectare mineral claims
located in the Guerrero Gold Belt and forms part of a district scale mining camp
that is host to Torex Gold's advanced Morelos Project and to Goldcorp's
producing Los Filos Mine. Ken Thorson, a director of the company and a qualified
person under NI43-101 has reviewed the contents of this press release. The drill
program and all project operations are conducted under the direction and
supervision of Dr. Craig Gibson, PhD, CPG and qualified person under NI43-101.
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV) has reviewed, nor
do they accept responsibility for the adequacy or accuracy of, this release.
Certain of the statements made in this news release contain forward-looking
information within he meaning of applicable Canadian securities law. Material
forward-looking information includes, but is not limited to statements or
information with respect to the resource estimate and potential future
exploration and development results and results of studies in respect of the
Company's Ana Paula Project. We have made numerous assumptions about the
material forward-looking information contained herein, including among other
things, that prices of gold and silver will remain relatively stable, that
applicable permits will be obtainable and that any required financing will be
available on reasonable terms. Even though our management believes that the
assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that the forward-looking
statement or information will prove to be accurate. Forward-looking information
by its nature involves known and unknown risks, uncertainties and other factors
which may cause the actual results to be materially different from any future
results expressed or implied by such forward-looking information.
Such risks, uncertainties and other factors include, among others, the
following: the inherent risks and uncertainty involved in the exploration and
development of mineral properties; the uncertainties involved in interpreting
drill results and other exploration data; the potential for delays in
exploration or development activities; the geology, grade and continuity of
mineral deposits; the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations; accidents,
equipment breakdowns, labor disputes or other unanticipated difficulties with or
interruptions in production and operations; fluctuating prices of metals and
other commodities; currency fluctuations; the possibility of project cost
overruns or unanticipated costs and expenses; uncertainties relating to the
availability and costs of financing needed in the future; the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses; regulatory restrictions, including environmental regulatory
restrictions and liability; competition and loss of key employees; political
instability in Mexico; the availability of key equipment; the risk of disruption
from non-governmental organizations; risks relating to our common shares and the
public markets. Should one or more of these risks, uncertainties or other
factors materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking information.
Although we have attempted to identify factors that would cause actual results
to differ materially from those described in forward-looking information, there
may be other factors that cause actual results, performances, achievements or
events to not be as anticipated, estimated or intended. Also, many of the
factors are beyond our control. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly you
should not place undue reliance on forward-looking information. Except as
required by law, we do not expect to update forward-looking information as
conditions change and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities regulatory
authorities in Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Newstrike Capital Inc.
Richard Whittall
Director, President & CEO
604-605-4654
www.newstrikecapital.com
Blog site: http://newstrikecapital.com/blog