Getting to Know Newstrike Capital’s Exploration Projects

With the acquisition of the Ana Paula Properties, Newstrike Capital now controls a 100 per cent interest in over 160,000 strategic hectares in the Guerrero Gold Belt (GGB).

The company manages their land position under two contiguous projects – Aurea Sur and Aurea Norte – which are divided geographically by the east-westerly trending Balsas River.

The Aurea Sur Project is located in the southwest of the GGB in an area rich in gold history. Geological fieldwork in the four Newstrike owned properties – Durazno, Ottawa, Vinatas & Consorcio – began in 2004 and is situated on a geological setting similar to the areas directly to the east of the Sur properties that have yielded major gold deposits. The gold inventory in southern deposits now exceeds 12 million ounces, with Newstrike Capital’s management team being instrumental in the discovery of eight million of those ounces.

The Aurea Norte Project covers the northwest extension of the GGB and contains project developments in areas like El Coyote, Cosmos, Don Jesus. The Ana Paula Properties have already yielded significant positive research by previous its previous owners, Goldcorp Inc. who – prior to Newstrike Capital’s acquisition – were conducting drill testing in the area. Though the Aurea Norte Project is largely untested compared to the Aurea Sur Project, exploration has confirmed a similar geological setting to those of the Bermejal, Nukay, and Filos deposits – the pioneer discoveries of the GGB.

For a better understanding of these geological similarities, read Understanding The Geological Setting of the Ana Paula Properties.