GREY:NWSKF - Post by User
Post by
veteran98on Aug 05, 2011 9:31am
470 Views
Post# 18907586
Can a home run be hit with no one noticing?
Can a home run be hit with no one noticing?NES... Canaccord Morning Coffee....
Newstrike Capital* (NES : TSX-V : $2.69), Net Change: -0.36, % Change: -11.80%, Volume: 839,877
Can a home run be hit with no one noticing? Newstrike once-again released amazing results; however, the broader markets
and the resource sector had anything but an amazing day. Newstrike announced the latest drill results received from the ongoing
2011 drill program at the company's 100%-owned Ana Paula Project, located in the Guerrero Gold Belt (GGB), Mexico. The
highlight hole was AP-11-52, which intersected a 120.00 m interval of 4.60 g/t Au, including intervals of 50.00 m of 8.89 g/t
Au, and 16.00 m of 20.30 g/t Au; and two more intervals of 25.76 m 1.78 g/t Au and 20.50 m 1.94 g/t Au. Management stated
that these most recent results confirm the strength and continuity of the high grade mineralized breccia body, which remains
open along trend and at depth. What's more, the results demonstrate the upside for discovery as drilling continues to
systematically explore the robust mineralized system that underlies the Ana Paula project area. The new zones of mineralization
intersected with this series of drill holes are currently under evaluation for inclusion into future drill plans as the planned
program of step out and infill drilling progresses. Newstrike holds 88,950 hectares of mineral claims covering the main trend of
the GGB, making it among the largest claim holders in the area. The company’s primary focus is the Ana Paula project, north of
and along trend of Torex Gold’s (TXG) Morelos project (which includes the El Limon deposit) and Goldcorp’s (G) Los Filos
mine.