Newstrike Capital Intersects 64.40 Metres Of 4.32 G/T Gold And 62.10 Metres Of 3.13 G/T Gold At The Ana Paula Project, Guerrero, Mexico
Vancouver, B.C. September 16th, 2013 – Newstrike Capital Inc. (TSXV: NES) (“Newstrike” or the “Company”) announces further results from the ongoing drill program at the Company’s 100% owned Ana Paula Project in Guerrero, Mexico. These results are from drilling designed to test the margins of the Breccia Zone mineralization near surface and also tested the continuity of the mineralization at depth, beneath Ana Paula’s floating cone pit (Newstrike press release May 8, 2013)
AP-13-162 intersected several mineralized horizons at depth including 87.08 metres of 2.08 g/t Au from 418.32 to 505.40 metres. This includes 23.42 metres of 4.15 g/t Au from 479.40 to 502.82 meters. This is in addition to a near surface intersection of 213.45 metres of 3.45 g/t Au from 3.85 to 217.30 metres, which includes 20.00 metres of 16.92 g/t Au from 123.00 to 143.00 metres
AP-13-186 intersected 64.40 meters of 4.32 g/t Au from 0.00 to 64.40 metres, including 11.07 meters of 12.40 g/t Au from 8.99 to 20.06 metres.
AP-13-190 intersected a 62.10 meters of 3.13 g/t Au from 25.40 to 87.50 metres, including 13.67 meters of 6.82 g/t Au from 76.83 to 87.50 metres.
AP-13-186, AP-13-190, and AP-13-192 are infill holes that tested the southeast, southwest and west margins of the known breccia zone respectively. These drill results are from the Breccia Zone and form part of a series of recommended holes designed to improve the mineral confidence within the Ana Paula floating cone pit (see Newstrike press release May 8, 2013).
AP-13-162, previously released on June 20th, 2013 and drillholes AP-13-188 and AP-13-206 tested the continuity of the breccia body at depth.
Discussion of results
Highlights from a total of 4,237.15 meters in 6 new holes are reported here with complete results available on the Company website together with the drillhole location maps and sections.
Results for AP-12-186, AP-13-190 and AP-13-192 confirmed continuity of the near surface high grade mineralization of the Breccia Zone and results are consistent with results from other holes in this area, indicating that the boundaries of the mineralized zone remain open near surface.
Drillhole AP-13-162 was drilled down the plunge of the breccia zone to determine the depth extent and continuity of the Breccia Zone. Final results have been received as reported in the table below that show persistent mineralization beneath the current conceptual pit model. AP-13-188 and AP-13-206 tested across the structural grain of the Breccia Zone at depth beneath the pit. Both drill holes clipped the edges of the breccia zone intersecting multiple intervals and confirming the presence of deeper mineralization.
The depth of the conceptual floating cone pit as defined in the maiden resource study filed on May 08th, 2013 and available at www.newstrikecapital.com is currently about 375 meters deep. Several higher-grade intervals that were intersected below this level in the lower part of the breccia zone were identified as having potential to increase the resource through additional drilling and pit optimization studies to determine if some of this material could be included within the confines of the pit, and/or is of a sufficient grade and tonnage suitable for underground mining operations. Results from the three drill holes completed in this four hole deep drillhole program continue to show promise and are included in the highlights listed above and in the table of results below. Additional drilling is required to fully understand the potential of the higher grade intersections at these depths.
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; gold (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 grams per tonne gold 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 grams per tonne gold cut off is available on the company website together with drill location maps and sections at www.newstrikecapital.com.
About Newstrike (TSXV: 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.
For further information, please contact:
Newstrike Capital Inc.
Director, President & CEO
Web site: www.newstrikecapital.com
Blog site: http://newstrikecapital.com/blog