Mr. Richard Whittall reports
NEWSTRIKE INTERSECTS 230.95 METERS OF 7.51 G/T AU AT THE ANA PAULA PROJECT
Newstrike Capital Inc. has released additional drill results from the company's 100-per-cent-owned Ana Paula project, Guerrero gold belt, Mexico. The reported drill holes represent a cross-section of targets from continuing widely spaced step-out and infill drilling that continues to intercept gold mineralization over multiple mineralized horizons.
Some of the highlights from this series include:
- Drill hole AP-11-35 intercepted an 87.22-metre interval of 0.95 gram per tonne gold, including 1.11 metres below the 0.2-gram-per-tonne-gold cut-off, and also intercepted a 208.03-metre interval of 0.93 g/t Au, where 10 per cent assayed below the 0.2-gram-per-tonne-gold cut-off.
- Drill hole AP-11-37 intercepted 316.95 metres of 5.80 g/t Au that include a 230.95-metre interval of 7.51 g/t Au, also including a 57.64-metre interval of 18.61 g/t Au, where a 5.7-metre interval assayed below the 0.2-gram-per-tonne-gold cut-off.
Selected highlights of all intercepts that grade 0.5 g/t Au over more than 5.0 metres are presented in the attached table. A table of all mineralized intervals is available from the company website.
TABLE OF SELECTED DRILL RESULTS OF ASSAYS GREATER THAN 0.5 G/T AU OVER 5.0
METRES
Interval
Drill hole From To (m) Au g/t Ag g/t
AP-11-34 56.50 64.00 7.50 0.50 2.4
107.50 112.50 5.00 0.70 1.8
150.00 160.00 10.00 0.47 4.3
242.00 253.00 11.00 1.16 8.1
431.90 439.00 7.10 3.70 0.9
452.65 471.15 18.50 0.85 1.0
554.50 557.58 3.08 4.70 4.0
584.80 610.00 25.20 0.88 1.8
includes 593.00 601.75 8.75 1.88 3.2
AP-11-35 3.05 19.75 16.70 1.00 7.6
116.00 203.22 87.22 0.95 7.7
includes 116.00 148.28 32.28 0.90 14.9
includes 150.59 203.22 52.63 1.02 3.5
213.00 219.40 6.40 0.54 2.8
228.65 242.32 13.67 0.69 1.8
432.00 445.00 13.00 0.73 4.1
542.00 562.00 20.00 2.26 3.7
includes 543.33 544.30 0.97 11.55 22.2
includes 552.22 553.30 1.08 23.60 24.3
617.97 679.00 61.03 0.77 1.3
685.00 692.41 7.41 7.39 4.9
includes 686.63 687.29 0.66 76.10 27.7
698.00 712.00 14.00 0.72 1.3
718.00 772.84 54.84 0.60 2.2
775.34 826.00 50.66 0.90 6.0
includes 793.90 794.87 0.97 11.70 33.5
831.67 832.85 1.18 0.51 1.1
AP-11-36 5.00 164.50 159.50 0.57 2.7
414.00 420.62 6.62 0.48 1.9
AP-11-37 3.05 234.00 230.95 7.51 7.0
includes 88.50 193.90 105.40 12.30 10.4
and 117.36 175.00 57.64 18.61 13.4
239.70 320.00 80.30 1.29 1.6
includes 240.80 264.00 23.20 3.00 2.9
406.00 417.00 11.00 3.25 8.8
includes 407.00 407.83 0.83 38.80 85.0
423.00 441.00 18.00 1.31 1.1
453.00 469.00 16.00 0.64 1.1
AP-11-38 111.50 133.47 21.97 0.88 94.0
includes 117.56 129.85 12.29 1.26 157.7
AP-11-39 116.00 134.00 18.00 0.46 21.0
140.85 178.00 37.15 1.03 22.9
includes 140.85 158.50 17.65 1.35 41.8
Both AP-11-35 and AP-11-37 are part of a series of drill holes designed to test the orientation and continuity of the mineralized breccia originally intercepted in drill holes AP-10-19 and 20 (Jan. 18 and 25, 2011, Stockwatch press releases), as well as testing the orientation and spacing of veinlets in mineralized porphyritic intrusion. Hole 35, a vertical hole that tested downdip of AP-11-33 (March 21, 2011, Stockwatch press release) and drilled about 50 metres south of AP-10-19 and 20, intercepted an 87.22-metre interval of 0.95 g/t Au, including 1.11 metres below the 0.2-gram-per-tonne cut-off and also intercepted a 208.03-metre interval of 0.93 g/t Au, where 10 per cent assayed below the 0.2-gram-per-tonne-gold cut-off.
Hole 37, drilled 50 metres north of holes AP-10-19 and 20 and oriented to the west to test the downdip interpretation and continuity of the mineralized breccia, intercepted 316.95 metres of 5.80 g/t Au that include a 230.95-metre interval of 7.51 g/t Au, also including a 57.64-metre interval of 18.61 g/t Au, where a 5.7-metre interval assayed below the 0.2-gram-per-tonne-gold cut-off. The mineralized breccia intercepts to date appear to confirm that the interpretation that the body of the mineralized breccia is parallel to the structural fabric of the surrounding host rocks, although deeper intercepts to the south, in holes AP-11-20 and AP-11-35, have yet to be explained. More drilling is planned to confirm the orientation of the mineralized breccia body and define further its dimensions, which remain open to the north and south and also downdip.
Drill hole AP-11-34 is a vertical hole that tested the downdip continuity of mineralization previously intercepted in AP-11-32 and in AP-10-18 and 19 (Jan. 18 and March 21, 2011, Stockwatch press releases). Results confirm multiple gold intercepts, including 11.0 metres of 1.16 g/t Au, 18.5 metres of 0.85 g/t Au and 25.2 metres of 0.88 g/t Au.
Drill hole AP-11-36 was drilled as an infill hole, located between drill holes AP-11-22 and 27 and oriented to drill east. Consistent mineralization was intercepted in this hole from near surface for over 159.5 metres grading 0.57 g/t Au and 2.7 g/t Ag. The mineralized interval is similar to a unit first intercepted in drill hole AP-11-22 that assayed 42.00 metres of 0.62 g/t Au and 57.5 g/t silver (Jan. 25, 2011, Stockwatch press release) and is now recognized as a new polylithic breccia whose potential and origin remain to be explored.
Drill holes AP-11-38 and 39 are located to the northeast of the current drill area and are inclined holes that tested beneath existing historical mine workings. These holes confirmed the continuity of mineralization to the northeast of any previous drilling and intercepted significant gold and silver mineralization. Hole 38 intercepted 21.97 metres grading 0.88 g/t Au and 94.0 g/t Ag, including 12.29 metres of 1.26 g/t Au and 157.7 g/t Ag. Hole 39 tested downdip of hole 38, intercepting 62.0 metres of 0.77 g/t Au and 20.3 g/t Ag, that include 37.15 metres grading 1.03 g/t Au and 22.9 g/t Ag, an interval that also includes 17.65 metres of 1.35 g/t Au and 41.8 g/t Ag. A 6.85-metre interval assayed below the 0.2-gram-per-tonne-gold cut-off.
Step-out drilling will continue to search for the boundaries of the mineralized envelope at Ana Paula, operating concurrently with planned infill drilling. Drilling to date demonstrates a robust mineralization that hosts multiple gold-bearing intercepts over wide intervals that start at or near surface, remain open in all directions including at depth, and show good continuity both along strike and downdip. Mineralization in general is associated with a series of stacked porphyritic intrusions that intrude siliciclastic and carbonate sediments, a setting that is typical of the Guerrero gold belt skarn porphyry model for mineralization.
Newstrike's drill results from Ana Paula indicate in general that higher-grade intercepts tend to occur at or near the contacts between intrusive rocks and altered sediments, particularly within hornfels, and that thicker lower-grade intercepts tend to occur with a disseminated and stockwork mineralization within porphyritic intrusions. Recent drilling by Newstrike has also resulted in the discovery of a new strongly mineralized breccia body that appears to parallel the structural grain of the deposit. More drilling is planned to confirm the orientation of this body and to define further its dimensions.
All reported drill intercepts are downhole lengths. Holes drilled from west to east at negative-45-degree angles are nearly perpendicular to the perceived strike and dip of the geology and thus are interpreted as a close approximation of true width; however, true width of the mineralization is not accurately known at this time. The Ana Paula project is central to Newstrike's 88,000 hectares in the GGB 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 project.
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. Dr. Gibson has reviewed the contents of this press release.
Quality assurance/quality control
The mineralized intervals in core tend to be separated by barren intervals that may or may not contain narrow anomalous sections and local high-grade spikes that are not included in the calculations of mineralized intervals. Unless specified otherwise, reported intercepts are calculated according to a protocol that uses a 0.2-gram-per-tonne-gold cut-off for bounding assays. Reported grade intervals are based on the original uncut assay certificates as received from the assay labs. They do not include check assays pending at the time of reporting.
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. Analyses in this release were performed by both ALS Chemex and by SGS. All samples are assayed using the respective laboratories certified and industry standard assay techniques for gold and multielement packages and for overlimits; Au was analyzed by 50-gram fire assay with an atomic absorption finish, and other elements were analyzed by multielement ICP packages.
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