GREY:NWSKF - Post by User
Post by
FANTOMASon Jul 17, 2011 12:47pm
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Post# 18840123
Reason for recent price action ?
Reason for recent price action ?Canaccord is speculating on a new breccia find (as I do):
Morning Coffee (7/13/11) "More breccia? Shares of Newstrike Capital surged during Tuesday's midday trading, on no apparent news. . .last week, Canaccord Genuity Senior Mining Analyst Wendell Zerb highlighted that Newstrike holds 88,950 hectares of mineral claims covering the main trend of the Guerrero gold belt in Guerrero State, Mexico, making it among the largest claimholders in the area. The company's primary focus is the Ana Paula project, north of and along trend of Torex Gold's Morelos project (which includes the El Limon deposit) and Goldcorp's Los Filos mine; drilling is ongoing at Ana Paula with recent results indicating that high-grade mineralization is associated with a north-trending, west-dipping breccia that may have formed along a fault zone. . .hole AP-10-19 first located the breccia in January 2011, intercepting 214.0m of 3.00 g/t Au, including 0.5m of 439 g/t Au, and subsequent recent drilling has been focused on defining the dimensions of the breccia unit, which continues to return wide high-grade intercepts."
pub/co/3593
FANTOMA