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Newstrike Capital drills 76.27 m of 10.57 g/t Au at Ana

2012-09-12 22:38 ET - News Release

Mr. Richard Whittall reports

NEWSTRIKE CAPITAL INTERSECTS 76.27 METERS OF 10.57 G/T AU WITHIN A 174.48 METER INTERVAL OF 5.45 G/T AU AT THE ANA PAULA PROJECT

Newstrike Capital Inc. has released the results from 4,948 metres of drilling completed this period as part of the 2012 drill program in progress at the company's 100-per-cent-owned Ana Paula project in the Guerrero gold belt. The results are from the continuing delineation program in the southeast quadrant and from new exploration in the southwest quadrant. Drill results from the Breccia zone delineation program remain in strong gold mineralization, and further follow-up drilling is planned.

Highlights from the delineation program include:

AP-12-108 intersected 4.50 metres of 0.95 gram per tonne gold, 3.10 metres of 4.44 g/t Au, 11.37 metres of 3.21 g/t Au, and 11.59 metres of 1.00 g/t Au in a step-out hole west of AP-11-28 and 29.
AP-12-109 intersected 55.22 metres of 0.81 g/t gold and 17.0 g/t silver, including 18.81 metres of 1.28 g/t Au and 27.1 g/t Ag.
AP-12-111 intersected from surface 174.48 metres of 5.45 g/t Au and 11.8 g/t Ag, including a 76.27-metre interval of 10.57 g/t Au and 15.8 g/t Ag. Other intersections further downhole include 31.85 metres of 1.14 g/t Au, 34.92 metres of 1.27 g/t Au and 11.50 metres of 2.59 g/t Au, among others.
AP-12-114 intersected 57.98 metres of 2.27 g/t Au, including a 38.91-metre interval of 3.14 g/t Au. Another intersection of 31.71 metres of 2.31 g/t Au, including a 15.78-metre intersection of 4.15 g/t Au, and further downhole another 25.68-metre intersection of 2.36 g/t Au, 20.04 metres of 2.64 g/t Au and 10.30 metres of 0.53 g/t Au, was among other intersections.
AP-12-115 intersected 55.70 metres of 2.56 g/t Au and 10.5 g/t Ag, including 9.53 metres of 5.06 g/t Au and 35.8 g/t Ag and another 13.25-metre interval of 5.39 g/t Au and 6.4 g/t Ag.

The attached table provides a selection of assay results.

Delineation drill program

Drill holes AP-12-105, 106, 107, 108, 109, 110, 111, 112, 114 and 115 are part of the delineation drill program currently under way on the Ana Paula project that is advancing toward an initial resource estimate. Delineation is progressing rapidly while results continue to demonstrate significant gold mineralization in both the high-grade Breccia zone and the lower-grade monolithic Breccia zone of the southeast quadrant. Further step-out drilling also continues to intersect strong mineralization in a north-south-trending corridor of lower-grade stratigraphic mineralization.

Northeast quadrant infill drill holes include AP-12-105 and AP-12-108 that tested the lower-grade stratigraphic mineralization. AP-12-105 is a steeply inclined hole that intersected the typical multiple mineralized intervals, including 23.18 metres of 0.57 g/t Au, 9.35 metres of 0.56 g/t Au, 20.55 metres of 0.42 g/t Au, 5.14 metres of 0.45 g/t Au and 9.30 metres of 1.15 g/t Au.

AP-12-108 is an inclined hole that was a 150-metre step-out to the west and downdip of mineralization first intersected in AP-11-28 and 29. AP-12-108 intersected stronger mineralization including best intervals of 3.10 metres of 4.44 g/t Au, 11.37 metres of 3.21 g/t Au and 11.59 metres of 1.00 g/t Au.

Drilling in the southeast quadrant tested a variety of targets, including the high-grade Breccia zone, the lower-grade monolithic breccia to the south and the lower-grade stratigraphic mineralization. The strongest mineralization from this area continues to come from the Breccia zone delineation drill holes. AP-12-111 is a vertical infill hole between AP-11-19 and AP-11-37. AP-12-111 intersected strong mineralization over a 294.13-metre interval that does not meet the 0.2-gram-per-tonne-gold cut-off protocol but that averages 3.64 g/t Au and 8.24 g/t Ag over all. This interval includes 174.48 metres of continuous mineralization of 5.45 g/t Au and 11.8 g/t Ag that also includes 105.97 metres of 8.52 g/t Au and 14.69 g/t Ag, or a 76.27-metre interval of 10.57 g/t Au and 15.8 g/t Ag. This interval includes 28 discrete samples over a total of 32.22 metres that each assay 10.0 g/t Au or more and also includes 58 discrete samples over a total of 65.76 metres that assay 5.0 g/t Au or more.

AP-12-114 and 115 are vertical infill holes that also tested the Breccia zone. Both holes remain in strong mineralization, where AP-12-114 intersected 57.98 metres of 2.27 g/t Au that also includes 38.91 metres of 3.14 g/t Au. Other intersections include 31.71 metres of 2.31 g/t Au that include 15.78 metres of 4.15 g/t Au, an additional 25.68 metres of 2.36 g/t Au and 10.30 metres of 0.53 g/t Au. AP-12-115 intersected 55.70 metres of 2.56 g/t Au and 10.5 g/t Ag that includes 13.25 metres of 5.39 g/t Au. Other intersections include 34.35 metres of 0.53 g/t Au, 46.05 metres of 0.90 g/t Au that include 16.30 metres of 1.19 g/t Au and 5.20 metres of 2.97 g/t Au.

Drill hole AP-12-112 tested the continuity of the lower-grade monolithic breccia at depth beneath AP-12-94, intersecting 55.22 metres of 0.81 g/t Au and 17.0 g/t Ag and another intersection of 18.87 metres of 1.28 g/t Au and 27.1 g/t Ag. The lower-grade monolithic breccia is located uphill and to the south of the high-grade Breccia zone.

Drill holes AP-12-106, 107, 110 and 112 each tested the boundaries of the lower-grade mineralization that surrounds the Breccia zone. The strongest mineralization from this group is from AP-12-112, a vertical hole testing the southwestern boundary of mineralization. AP-12-112 intersected strong mineralization over multiple intercepts typical of the lower-grade stratigraphic controlled mineralization, including 7.90 metres of 0.69 g/t Au, 11.65 metres of 2.06 g/t Au, 9.75 metres of 0.71 g/t Au, 23.37 metres of 1.45 g/t Au and 4.50 metres of 1.52 g/t Au.

The weakest intersections from this group of drill holes are from AP-12-107 and AP-12-110, both of which tested the eastern boundary of mineralization. Both holes intersected weakly anomalous gold over discrete sample intervals, the best of which was a 1.90-metre intersection of 1.15 g/t Au from AP-12-110.

The delineation drill program is continuing as planned with four drill rigs on site. New holes were added to the program to follow up these results and to complete the process of delineation as the company continues to advance Ana Paula toward a resource estimate. Deposit modelling is continuing, and, until that process is complete, true widths can be assumed to be less than or equal to the reported intervals.

Southwest quadrant: exploration drill program

Drill holes AP-12-104 and 113 both tested targets in the southwest quadrant that are part of a series of new exploration holes testing the contact zone between highly altered sediments and an altered and mineralized intrusion that outcrops in this area. Some of the better intersections from AP-12-104, an inclined hole drilled to the east, intersected 7.66 metres of 0.41 g/t Au, 3.29 metres of 2.91 g/t Au, 2.89 metres of 1.10 g/t Au that also returned 18.9 g/t Ag and another intersection of 4.91 metres of 0.68 g/t Au.

AP-12-113 is also an inclined hole that intersected multiple lower-grade intervals of mineralization at depth, including 7.69 metres of 0.34 g/t Au, 5.40 metres of 0.54 g/t Au, 7.39 metres of 0.34 g/t Au, 5.72 metres of 0.69 g/t Au and 2.66 metres of 0.93 g/t Au among other intersections. The company will continue to test a variety of planned exploration targets as drilling progresses throughout 2012.

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 Thorsen, a director of the company and a qualified person under NI 43-101, 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, a qualified person under NI 43-101.

Quality assurance/quality control

Newstrike maintains strict QA/QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. SGS laboratories or ALS Chemex performed assay analyses reported in this release. All samples are assayed using the respective laboratories' certified and industry standard assay techniques for gold and multielement packages and for overlimits; gold was analyzed by 50-gram fire assay with an atomic absorption finish, and other elements were analyzed by multielement ICP packages.

A table of all weighted-grade intercepts over a 0.20-gram-per-tonne-gold cut-off is available on the company website, together with drill location maps and sections.

SELECTED HIGHLIGHTS OF WEIGHTED-GRADE DRILL ASSAY INTERSECTIONS

Interval Au Ag
Drill hole From To (m) g/t g/t

AP-12-104 340.30 347.96 7.66 0.41 5.8
590.51 593.80 3.29 2.91 6.3
610.85 613.74 2.89 1.10 18.9
634.50 639.41 4.91 0.68 2.1
AP-12-105 5.82 29.00 23.18 0.57 1.6
147.60 156.95 9.35 0.56 3.2
includes 147.60 152.90 5.30 0.78 4.9
184.70 205.25 20.55 0.42 1.6
includes 197.75 205.25 7.50 0.70 2.7
217.00 222.14 5.14 0.45 5.2
240.50 249.80 9.30 1.15 2.2
AP-12-106 16.20 17.40 1.20 0.96 142.0
21.00 23.05 2.05 0.90 119.0
57.25 61.45 4.20 2.00 6.4
includes 57.25 57.60 0.35 19.90 59.0
81.02 83.47 2.45 0.70 2.0
AP-12-107 90.80 92.20 1.40 0.29 1.6
AP-12-108 309.60 317.00 7.40 0.44 0.9
459.50 464.00 4.50 0.95 0.7
468.90 472.00 3.10 4.44 4.0
553.00 564.37 11.37 3.21 2.5
includes 563.00 564.37 1.37 20.90 18.1
574.00 585.59 11.59 1.00 2.8
AP-12-109 141.48 146.75 5.27 0.99 7.5
228.00 233.88 5.88 0.85 7.1
263.40 318.62 55.22 0.81 17.0
includes 288.23 307.10 18.87 1.28 27.1
AP-12-110 5.70 7.60 1.90 1.15 6.7
AP-12-111 0.00 174.48 174.48 5.45 11.8
includes 72.25 77.13 4.88 14.29 12.2
includes 87.90 164.17 76.27 10.57 15.8
and 88.96 102.58 13.62 16.20 46.6
and 114.30 117.00 2.70 41.26 22.1
and 120.70 128.20 7.50 13.25 11.6
and 131.63 135.20 3.57 15.73 8.5
and 143.60 146.00 2.40 11.64 12.3
and 148.50 149.62 1.12 10.15 14.9
and 155.95 157.85 1.90 17.27 14.9
Also 179.80 187.50 7.70 1.76 2.3
192.00 198.80 6.80 3.14 5.8
208.15 240.00 31.85 1.14 6.7
includes 210.50 215.55 5.05 4.16 32.2
244.50 279.42 34.92 1.27 1.3
includes 256.00 267.50 11.50 2.59 2.0
AP-12-112 154.00 161.90 7.90 0.69 1.1
174.55 186.20 11.65 2.06 1.9
includes 181.20 183.54 2.34 8.99 7.6
204.70 211.15 6.45 0.56 1.3
216.55 226.30 9.75 0.71 1.2
228.86 230.14 1.28 1.85 0.3
232.70 247.06 14.36 0.37 0.6
254.13 277.50 23.37 1.45 2.8
includes 259.35 261.10 1.75 12.10 29.8
282.00 286.50 4.50 1.52 4.7
AP-12-113 142.95 150.64 7.69 0.34 1.9
361.10 366.50 5.40 0.54 7.5
411.60 413.95 2.35 0.53 3.5
417.40 418.93 1.53 2.15 8.1
482.55 489.94 7.39 0.34 2.0
665.55 671.27 5.72 0.69 9.2
684.81 687.47 2.66 0.93 0.5
AP-12-114 18.50 24.50 6.00 2.40 59.3
49.00 59.90 10.90 0.63 2.2
86.90 93.20 6.30 2.32 9.2
99.02 157.00 57.98 2.27 4.4
includes 113.86 152.77 38.91 3.14 5.3
includes 117.10 118.90 1.80 30.08 11.2
163.45 195.16 31.71 2.31 6.9
includes 169.00 184.78 15.78 4.15 5.3
and 172.00 181.30 9.30 6.34 3.8
and 172.00 173.12 1.12 13.34 1.5
and 180.30 181.30 1.00 11.15 1.9
198.75 202.28 3.53 2.04 1.7
219.20 244.88 25.68 2.36 8.4
219.20 221.15 1.95 3.80 49.4
224.84 244.88 20.04 2.64 5.8
includes 232.95 235.26 2.31 16.16 28.9
343.60 353.90 10.30 0.53 2.0
AP-12-115 40.70 96.40 55.70 2.56 10.5
includes 44.70 54.23 9.53 5.06 35.8
and 44.70 45.70 1.00 11.48 32.8
includes 62.35 75.60 13.25 5.39 6.4
and 63.35 68.80 5.45 11.54 9.5
and 66.80 68.80 2.00 19.64 8.9
105.15 139.50 34.35 0.53 3.0
141.00 146.80 5.80 1.05 2.4
214.45 219.05 4.60 0.55 3.9
351.50 359.00 7.50 0.56 1.3
373.70 390.00 16.30 1.19 1.0
375.50 380.70 5.20 2.97 1.9
394.90 399.55 4.65 3.01 2.3
includes 394.90 395.50 0.60 12.72 6.0
466.93 472.00 5.07 0.71 3.9

Pièce jointe #1, (gif file)

Un peu de pump via BNN cet am.

11:30 AM - Commodities with Andrew Bell
The Real Reason Gasoline Jumped: Roger McKnight, Senior Analyst, En-Pro International
M&A in Mexico: Richard Whittall, CEO of Newstrike Capital

De beaux rendements à chacun, profitez-en avec sagesse et stratégie.

FDP


Esp

Un peu d'oxygène requis suite à la hausse du cours de 50 % en deux semaines.

Est devenu mon top 3 suite à la dernière nouvelle.

Pièce jointe #1, (gif file)

On a reçu l'oxygène demandé ces derniers temps.

De retour dans le bas du dernier canal haussier.

Let's see what will happen next week.

On est dû pour un NR.

Bon topo du titre et des défis ci-dessous pour les intéressés.

Esp



Newstrike's Whittall talks Guerrero gold


2012-10-04

VANCOUVER —Richard Whittall has been near the forefront of discovery on Mexico’s prolific Guerrero gold belt for nearly 20 years. The president and CEO of Vancouver-based Newstrike Capital (NES-V) knows all the players and he has been involved in a long-list of property transactions as the region has gone from grassroots exploration to one of the more promising gold-bearing trends in the world.

It all started when Mexican entrepreneur Enrique Miranda-Paz brought his extensive land package in Guerrero to Canada under the banner of his company, Miranda Mining. Whittall joined the board of directors at Miranda, and took the idea to Teck Resources (TCK.B-T, TCK-N), which promptly joint-ventured a series of properties that would evolve into multi-million ounce gold deposits.

Enter Ian Telfer’s Wheaton River, which purchased Miranda for roughly US$39 million in late 2003 and would later morph into Goldcorp (G-T, GG-N) with its Los Filos mega project — Mexico’s largest gold mine. Whittall was there as Teck sold off its Guerrero assets, witnessing the birth of Torex Gold (TXG-T) and its 5-million oz. Morelos deposit and keeping his eyes open for an opportunity to get in on a piece of the action. Cayden Resources (CYD-V) would eventually end up with Teck geologist David Jones and Miranda's Nukay property.

Whittall’s opportunity again came in the form of Enrique Miranda, who decided to start-up a new regional play under the name Aurea Mining. Miranda staked an 800 sq.km land package in the district, though things did not go smoothly the second time around,

“I was initially not a director of that because I was busy doing some investment banking. Enrique asked me to come on the board, and due to some health issues he had asked me to take over the company,” Whitall says over lunch, explaining that Aurea was only sitting on $500,000 in cash and had $800,000 in payable debt at the time. “It was a mess. So within about six months I proposed we merge with a Lundin family shell, and formed Newstrike.”

Whittall says he doesn’t track the specifics, but muses that the Lundin family now owns roughly 40% of Newstrike’s 115 million outstanding shares,

“He's been a great shareholder, and we touch base once a month. I mean we're in separate offices, and we aren't part of the Lundin group of companies,” he explains. “The thing I'm really grateful for is that they have left us alone to do what we need to do.”

And Whittall needed to do a lot. He classifies himself as an investment banker, and labelled the Aurea situation a “turn-around.” He cleaned house at the company, and brought in Gillian Kearvell to head up exploration efforts. Kearvell was another former Teck geologist, who had spearheaded large programs in Guerrero and worked closely on resource delineation at Morelos.

“All I did was 'put the band back together.' So most of Newstrike's management, and board of directors are ex-Teck people,” Whittall comments.

Newstrike management then turned its attention to the portfolio of properties that Goldcorp had acquired in the Miranda deal, but was not developing. Whittall first attempted a deal with Telfer to pickup Goldcorp’s minority interest in Morelos. The deal fell apart when Torex exercised a first right of refusal and acquired the entire project. But as chance would have it Newstrike received a US$2 million break-up fee from Goldcorp.

“So as I'm leaving the office I ask Ian if they'd take that money right back for the grassroots stuff at Ana Paula,” Whittall recollects. “It was really early stage at the time. I think they had punched eleven holes or so into it.”

A deal was struck for US$1.6 million in cash and roughly 600,000 Newstrike shares. Whittall was now off and running with a solid piece of the Guerrero belt, and felt he had the technical people on board that could develop the wholly-owned asset.

“My job is to keep the treasury strong,” Whittall says. Newstrike is cash rich with roughly US$34 million in the bank. “I don't take a lot of credit for what is happening on the ground because I've had the privilege of hiring some really strong geologists. I need to clearly outline what we're doing and how it is going. The clearer I can be, the easier it is to finance the company. That just makes business sense to me.”

What Newstrike’s geological team discovered at Ana Paula was a high-grade, breccia-hosted core zone that is surrounded by an alteration halo of lower-grade mineralization hosted in intrusion, hornfels, skarn and sedimentary rock. The company started hitting the high-grade zone with drill holes, and scored big with hole 11-37, which cut 317 metres averaging 5.8 grams gold per tonne.

“In our case, the breccia was the host of the mineralization, so there were at least three passive events that mineralized the breccia zone,” Whittall explains. “Now the fourth one was an epithermal over-print. So what happened to us was the mineralogy at Ana Paula is identical to Los Filos and Morelos, we're just later in the system and have a sulphide deposit.”

Newstrike is currently resource drilling at Ana Paula, focusing on delineating the high-grade breccia zone and optimizing an economic pit shell for its deposit. The company released results from the program in mid-Sept., with highlights including: 175 metres carrying 5.45 grams gold in hole 12-111; 58 metres averaging 2.3 grams gold in hole 12-114; and 56 metres of 2.56 grams gold in hole 12-115.

“My background is investment banking so I'm looking at this from a return on capital point of view and things like that,” Whittall muses. “I think there is a big disconnect on 'the street' with what we have. They love the fact we have a high-grade zone because that pays back your initial capital investment, but what we really like is that 'ocean' of low-grade. It's easy to get at and has great recoveries. That's what gives you the life-of-mine.”

Newstrike brought on Thomas Bagan as vice-president project development so its geological team can concentrate on exploring the company’s 890-sq.km Aurea Norte land package surrounding Ana Paula. Bagan is a mining engineer with over 30 year’s experience, who formerly worked with Minefinders Corp.

Whittall makes no bones about Newstrike’s intentions. He says the company is exploration based and has no ambitions at developing Ana Paula itself. He intends to de-risk the project as much as possible before hopefully taking it to auction.

The company is aiming to increase the average mineralized grade and improve metallurgical recoveries leading up to its maiden resource. Whittall says ideally the resource estimate should come in at roughly 3 million oz. gold with an average grade of 2 grams per tonne or higher after dilution.

Newstrike is currently operating with metallurgical work completed in the mid-2000s. A preliminary flotation test resulted in a concentrate with indicated gold and silver recoveries of 77.3% and 74.5% respectively. To improve concentrate grades it was recommended that primary flotation tests be carried out followed by cyanide concentration and optimization tests.

“I've had a lot of years to look at this and a big company really only buys you for ounces at a prevailing gold price less a discount,” Whittall explains over coffee. “And those discounts can be things like: Are you on the side of a mountain with a high strip? Are you refractory? Is the environmental work solid?”

Whittall says Ana Paula has favorable topography similar to Los Filos, as well as power-line access, and a variety of water sources that should be relatively easy to permit. Newstrike has also focused heavily on community relations. Whittall says the company does not even run much security at site, explaining that “philosophically” it usually causes more harm than good with the local communities.

“When some of the producers up north were dealing with drought conditions and some cost overruns, I went to their guys and I said 'no one will ever get fired for buying Newstrike.' I say that because what we really have is an easy-to-run project,” he concludes.

With a greater understanding of the Guerrero mineralogy and a relatively greenfield land package, Newstrike is aiming to find another high-grade breccia zone. Through geophysics the company has extended the mineralized footprint for roughly seven km, and is mobilizing additional drill rigs to the site for a program slated to start-up by Nov.

“What was brilliant about it is that our basic Guerrero model has evolved into a more complex one, where we have a lot more knowledge of the system,” Whittall comments. “This was a structural control that jumped through a couple of faults so we've run all sorts of geophysics on the property to see if we can find more zones. We've taken it up a notch, and we're using our full toolkit.”

And Newstrike has been on a run over the past three months. As results have emerged from the company's resource drill program shares have skyrocketed 78% or $1.05 — closing at $2.39 at presstime. After Fred Stanford and his team at Torex raised US$350 million on Oct. 1 to fund development at Morelos, it is not a stretch to call Newstrike the premier mergers-and-acquisition target on the Guerrero gold belt.

http://www.northernminer.com/news/newstrikes-whittall-talks-guerrero-gold/1001744685/
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31622631&l=0&r=0&s=nes&t=LIST#EPlIUWZ97qVHPXqK.99

Pièce jointe #1, (gif file)

On the moove.

Pièce jointe #1, (gif file)

"Clanchera ou topera" sur le prochain NR qui arrivera sous peu.

2.63 $ now

Esp qui planche pour la "clanche".

Méchante drop sur le NR...

Faut dire que le titre est assez vendeur merci.

Newstrike Capital drills 31.3 m of 0.07 g/t Au at Ana

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNES-2010372&symbol=NES®ion=C

Espérant un marteau comme clôture.