Newstrike and Torex get more press
In drilling news, Newstrike Capital cut an impressive 214 metres grading three grams gold per tonne and 5.5 grams silver per tonne at its recently acquired Ana Paula project in Mexico’s Guerrero Gold Belt. Not surprisingly, shares in Newstrike rose, to end the week up C$0.20 at C$1.25.
Sticking to the Guerrero belt but flying under the radar screen, Torex Gold Resources tagged 48.8 metres grading 4.5 grams gold per tonne outside the known resource area of its multi-million ounce Morelos gold project. Despite some nice numbers, Torex ended the week down C$0.06 at C$1.49.
minesite.com
