Mr. Richard Whittall reports
NEWSTRIKE CAPITAL INTERSECTS 64.40 METRES OF 4.32 G/T GOLD AND 62.10 METRES OF 3.13 G/T GOLD AT THE ANA PAULA PROJECT, GUERRERO, MEXICO
Newstrike Capital Inc. has released further results from the continuing drill program at the company's 100-per-cent-owned Ana Paula project in Guerrero, Mexico. These results are from drilling designed to test the margins of the breccia zone mineralization near surface and also tested the continuity of the mineralization at depth, beneath Ana Paula's floating cone pit (Newstrike May, 2013, press release).
Highlights include:
- AP-13-162 intersected several mineralized horizons at depth, including
87.08 metres of 2.08 grams per tonne gold from 418.32 to 505.40 metres. This includes
23.42 metres of 4.15 g/t Au from 479.40 to 502.82 metres. This is in
addition to a near-surface intersection of 213.45 metres of 3.45 g/t Au
from 3.85 to 217.30 metres, which includes 20.00 metres of 16.92 g/t Au
from 123.00 to 143.00 metres.
- AP-13-186 intersected 64.40 metres of 4.32 g/t Au from 0.00 to 64.40
metres, including 11.07 metres of 12.40 g/t Au from 8.99 to 20.06
metres.
- AP-13-190 intersected 62.10 metres of 3.13 g/t Au from 25.40 to 87.50
metres, including 13.67 metres of 6.82 g/t Au from 76.83 to 87.50
metres.
AP-13-186, AP-13-190 and AP-13-192 are infill holes that tested the southeast, southwest and west margins of the known breccia zone, respectively. These drill results are from the breccia zone and form part of a series of recommended holes designed to improve the mineral confidence within the Ana Paula floating cone pit (see May, 2013, Newstrike press release).
AP-13-162, previously released on June 20, 2013, and drill holes AP-13-188 and AP-13-206 tested the continuity of the breccia body at depth.
Discussion of results
Highlights from a total of 4,237.15 metres in six new holes are reported herein with complete results available on the company website, together with the drill hole location maps and sections.
Results for AP-12-186, AP-13-190 and AP-13-192 confirmed continuity of the near-surface high-grade mineralization of the breccia zone, and results are consistent with results from other holes in this area, indicating that the boundaries of the mineralized zone remain open near surface.
Drill hole AP-13-162 was drilled down the plunge of the breccia zone to determine the depth extent and continuity of the breccia zone. Final results have been received as reported in the attached table that show persistent mineralization beneath the current conceptual pit model. AP-13-188 and AP-13-206 tested across the structural grain of the breccia zone at depth beneath the pit. Both drill holes clipped the edges of the breccia zone, intersecting multiple intervals and confirming the presence of deeper mineralization.
The depth of the conceptual floating cone pit as defined in the maiden resource study filed on May 8, 2013, and available at the Newstrike Capital website, is currently about 375 metres deep. Several higher-grade intervals that were intersected below this level in the lower part of the breccia zone were identified as having potential to increase the resource through additional drilling and pit optimization studies to determine if some of this material could be included within the confines of the pit and/or is of a sufficient grade and tonnage suitable for underground mining operations. Results from the three drill holes completed in this four-hole deep drill hole program continue to show promise and are included in the highlights listed herein and in the attached table of results. Additional drilling is required to fully understand the potential of the higher-grade intersections at these depths.
DRILL RESULTS
Drill hole From (m) To (m) Interval (m) Au g/t Ag g/t
AP-13-162 3.85 217.30 213.45 3.45 6.9
includes 36.60 162.00 125.40 5.29 7.4
and 123.00 143.00 20.00 16.92 7.6
225.30 236.14 10.84 1.03 1.8
243.82 285.75 41.93 2.54 2.7
includes 249.43 281.54 32.11 3.21 3.4
and 278.41 279.52 1.11 21.30 11.5
344.02 361.60 17.58 1.17 1.2
370.70 410.90 40.20 0.66 1.5
includes 370.70 395.60 24.90 0.89 2.2
417.35 132.87 1.50 1.1
includes 418.32 505.40 87.08 2.08 1.4
and 423.52 432.85 9.33 3.16 2.1
and 479.40 502.82 23.42 4.15 2.6
and 479.40 485.20 5.80 11.14 3.8
and 482.20 483.10 0.90 64.60 20.2
and 493.48 496.16 2.68 7.69 10.5
includes 493.48 494.46 0.98 15.00 13.8
578.80 600.25 21.45 0.91 0.5
AP-13-162
includes 578.80 581.32 2.52 5.35 1.9
continued 621.80 713.10 91.30 0.74 1.6
includes 656.50 660.00 3.50 2.41 3.6
includes 679.05 688.15 9.10 3.18 7.3
and 679.05 683.85 4.80 5.46 13.3
and 681.25 683.85 2.60 9.41 22.4
717.50 734.75 17.25 0.93 0.6
includes 717.50 730.62 13.12 1.13 0.6
and 727.29 730.62 3.33 2.54 1.0
740.58 766.29 25.71 0.98 2.9
includes 746.47 751.56 5.09 3.36 8.4
796.35 867.20 70.85 0.33 1.5
1,306.90 1,312.90 6.00 0.51 5.7
AP-13-186 0.00 64.40 64.40 4.32 4.98
includes 8.99 20.06 11.07 12.40 6.76
and 12.06 13.14 1.08 52.80 19.10
and 17.80 18.82 1.02 31.30 9.50
130.90 147.76 16.86 1.91 6.49
includes 140.25 147.76 7.51 3.82 12.72
AP-13-188 107.50 155.00 47.50 1.39 12.72
includes 110.48 114.30 3.82 2.73 97.25
includes 147.15 155.00 7.85 4.27 4.00
and 149.50 150.50 1.00 16.84 5.30
162.26 183.05 20.79 2.85 13.08
includes 164.23 174.00 9.77 5.42 24.34
and 170.20 171.00 0.80 15.41 73.00
472.27 484.60 12.33 2.02 4.06
includes 483.78 484.60 0.82 19.90 11.70
537.30 540.10 2.80 6.38 3.00
includes 538.10 539.16 1.06 13.79 4.00
546.95 561.15 14.20 1.51 2.56
includes 554.20 561.15 6.95 2.48 2.81
and 559.00 561.15 2.15 6.77 5.53
608.45 630.55 22.10 0.84 2.50
includes 610.45 630.55 20.10 0.91 2.60
715.00 752.94 37.94 0.42 2.46
839.10 879.22 40.12 0.84 0.36
includes 849.45 871.85 22.40 1.28 0.42
AP-13-190 25.40 87.50 62.10 3.13 5.19
includes 36.15 37.34 1.19 39.50 43.00
includes 73.83 87.50 13.67 6.82 5.93
AP-13-192 75.52 82.12 6.60 5.43 29.92
81.50 82.12 0.62 50.41 215.00
134.74 158.38 23.64 2.25 6.61
includes 134.74 141.40 6.66 4.82 18.50
163.56 184.40 20.84 0.88 1.99
190.36 200.39 10.03 2.18 2.31
206.08 230.04 23.96 1.06 3.77
AP-13-206 86.18 112.45 26.27 0.60 9.4
also 87.92 91.05 3.13 0.10 0.9
554.47 570.30 15.83 1.26 1.0
includes 560.20 565.27 5.07 3.41 2.4
622.61 653.30 30.69 0.45 0.7
706.85 725.55 18.70 1.37 0.4
includes 706.85 710.80 3.95 3.67 1.0
750.35 779.05 28.70 0.47 0.6
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. ALS Chemex and Acme Labs (now a part of the Bureau Veritis group that includes BSI Inspectorate) 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 or MS packages.
The reported mineralized intervals in the 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 intersections are calculated according to a protocol that uses a 0.20-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. The dip of the geology and the mineralized intersections varies across the property, and the true widths are not accurately known at this time. True width can be expected to be equal to or smaller than the reported intervals.
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.
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