Newstrike Capital Inc NWSKF

RE:Newstrike Capital Reports In-Pit Heap Leach Gold Recovery

[goindeeper]

"We plan to investigate the size and scope of this opportunity within Ana Paula’s floating cone pit and the potential for a reduction in the strip ratio and expansion of the conceptual pit. Combined with last year’s testing, this new metallurgical result will provide valuable input to the Preliminary Economic Assessment currently in progress as well as for future studies."
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This means the upcoming PEA will contain more ounces than the model not incorporating this data.  The reduction in cost of processing the low grade breccia will allow the cutoff grade to be lowered in that area.  Therefore the pit can be expanded into that low grade zone and some of the previously classified waste rock will be converted to resources.