Mr. Richard Whittall reports
NEWSTRIKE CAPITAL INTERSECTS 103.11 METERS OF 5.06 G/T AU AT THE ANA PAULA PROJECT
Newstrike Capital Inc. is releasing the results from 3,973 metres of drilling completed this period as part of the 2012 drill program in progress at the company's 100-per-cent-owned Ana Paula project in the Guerrero gold belt. The results are from the continuing delineation program in the southeast quadrant and from new exploration in the southwest quadrant. Results from the Breccia zone delineation program indicate that mineralization still remains open in several directions and at depth. New step-out drill holes are planned to follow up on these results.
Highlights from the delineation program include:
- AP-12-97 includes a best intersection of 12.34 metres of 32.11 grams per tonne gold
(uncut), which includes 0.50 metre of 760.00 grams per tonne gold. Other intersections
include 26.00 metres of 1.24 g/t Au, 26.25 metres of 0.68 g/t Au, 12.50
metres of 1.11 g/t Au, 17.35 metres of 1.40 g/t Au and 13.43 metres of
0.65 g/t Au.
- AP-12-100 intersected 37.60 metres of 4.81 g/t Au at surface within a
197.00-metre mineralized interval.
- AP-12-101 intersected very strong mineralization from surface to 224.84
metres with local course visible gold including a 103.11-metre interval
of 5.06 g/t Au that includes a 12.74-metre interval of 21.61 g/t Au that
also includes 4.24 metres of 57.22 g/t Au.
- AP-12-102 also intersected strong mineralization over multiple
intersections including 48.50 metres of 2.48 g/t Au at surface. Other
intersections include 20.70 metres of 3.14 g/t Au, 12.18 metres of 0.80
g/t Au and 8.23 metres of 3.22 g/t Au.
Selected highlights from this series of drill results are presented in the table.
Southeast quadrant -- delineation drill program
Drill holes AP-12-97 and AP-12-99 through AP-12-103 are part of the continuing delineation drill program.
Drill hole AP-12-97 is a steeply inclined hole that tested the down-dip continuity of the Breccia zone at depth stepping out 50 metres to the southwest of AP-11-76 (Jan. 27, 2011). AP-12-97 intersected multiple intervals of strong mineralization downhole between 550.16 metres and 731.30 metres including a best intersection of 12.34 metres of 32.11 g/t Au (uncut) with 3.6 g/t silver. This interval includes a 0.50-metre sample with visible gold that assayed 760.00 g/t Au with 52.6 g/t Ag, which is the highest-grade intersection to date on the project. Other intersections in AP-12-97 include 26.00 metres of 1.24 g/t Au, 6.40 metres of 2.48 g/t Au, 26.25 metres of 0.68 g/t Au, 12.50 metres of 1.11 g/t Au, 17.35 metres of 1.40 g/t Au with 10.7 g/t Ag and a 13.43-metre interval of 0.65 g/t Au.
Drill hole AP-12-99 tested the lower-grade mineralization located to the south of the Breccia zone and is an inclined hole drilled to the east to test the continuity of mineralization intersected in AP-11-55 (Aug. 3, 2011). Multiple lower-grade intervals were intersected including 11.35 metres of 0.66 g/t Au, 6.25 metres of 0.47 g/t Au with 74.5 g/t Ag, 5.45 metres of 1.39 g/t Au and 11.88 metres of 0.81 g/t Au.
Drill hole AP-12-100 is an inclined hole drilled to the east from AP-11-37 (April 20, 2011) to test the eastern contact of the Breccia zone. AP-12-100 intersected strong mineralization from surface to 37.60 metres of 4.81 g/t Au and 6.35 g/t Ag that corresponds to the Breccia zone. Multiple lower-grade intersections also occur to a downhole depth of 197.00 metres including 5.73 metres of 0.72 g/t included within a 15.75-metre interval of 0.45 g/t Au, 5.80 metres of 0.79 g/t Au with 6.88 g/t Ag and 8.85 metres of 1.30 g/t Au with 15.78 g/t Ag.
Drill holes AP-12-101 and AP-12-102 are part of a series of vertical to near-vertical delineation drill holes planned as step-out holes to test the limits of the Breccia zone. The results from these two holes have extended the near-surface high-grade mineralization about 30 metres to the north and northeast and still remains open.
Drill hole AP-12-101intersected the strongest mineralization in this series over multiple intersections including a best interval of 103.11 metres starting at 20.50 metres from surface that returned 5.06 g/t Au with 3.59 g/t Ag. This interval also includes a 12.74-metre interval of 21.61 g/t Au with 13.42 g/t Ag that also includes a 4.24-metre interval of 57.22 g/t Au and 26.56 g/t Ag. Other mineralized intersections in this hole include 17.09 metres of 1.34 g/t Au with 2.12 g/t Ag, 26.08 metres of 3.83 g/t Au with 8.11 g/t Ag that includes a 7.50-metre interval of 12.83 g/t Au, and 27.65 g/t Ag that also includes a single 0.89-metre interval of 76.61 g/t Au and 103.00 g/t Ag.
Drill hole AP-12-102 also intersected strong mineralization from surface with 48.50 metres of 2.48 g/t Au and 4.6 g/t Ag. Other near-surface intersections in this hole include 20.70 metres of 3.14 g/t Au and 5.7 g/t Ag, 12.18 metres of 0.80 g/t Au and 1.4 g/t Ag, and 8.23 metres of 3.22 g/t Au and 9.9 g/t Ag.
AP-12-103 is a vertical infill hole that tested the lower-grade mineralization about 150 metres to the north of the Breccia zone. This hole intersected the weakest mineralization in this series of drill holes, including 3.60 metres of 0.50 g/t Au and 9.75 g/t Ag, another 0.62-metre interval of 6.16 g/t Au and 30.30 g/t Ag, and a 3.74-metre interval of 1.70 g/t Au and 7.14 g/t Ag.
The delineation drill program is continuing as planned. New holes were added to the program to follow up these results and complete delineation of the Breccia zone. The company continues to advance Ana Paula toward a resource estimate. Deposit modelling is continuing and until that process is complete, true widths can be assumed to be less than or equal to the reported intervals.
Southwest quadrant -- exploration drill program
AP-12-98 is an inclined hole drilled to the east that is one of a series of exploration holes testing the contact zone between highly altered sediments, and an altered and mineralized intrusion that outcrops in this area. Lower-grade mineralization was intersected in this hole over multiple intersections; some of the better intersections include 10.34 metres of 0.46 g/t Au with 7.1 g/t Ag, 10.85 metres of 0.67 g/t Au with 16.3 g/t Ag and 7.58 metres of 0.71 g/t Au with 3.0 g/t Ag. The company will continue to test a variety of new exploration targets as drilling progresses throughout 2012.
The Ana Paula project is central to Newstrike's 88,000-hectare mineral claims located in the Guerrero gold belt 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 mine. Ken Thorsen, a director of the company and a qualified person under NI 43-101, has reviewed the contents of this press release.
Quality assurance/quality control
Newstrike maintains strict quality assurance/quality control protocols for all aspects of its exploration programs that includes the systematic insertion of blanks and standards into each sample batch. SGS laboratories or ALS Chemex 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; Au was analyzed by 50-gram fire assay with an atomic absorption finish, and other elements were analyzed by multielement ICP packages.
The reported 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 intersections are calculated according to a protocol that uses a 0.20 g/t Au 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 g/t cut-off is available on the company website together with drill location maps and sections.
A table of selected drill assay highlights is given.
From To Interval Au Ag
Drill hole (m) (m) (m) (g/t) (g/t)
AP-12-97 43.32 45.48 2.16 1.57 14.3
336.05 346.65 10.60 0.34 1.0
405.87 419.82 13.95 0.40 1.1
413.39 419.82 6.43 0.59 1.4
430.35 432.15 1.80 7.48 8.6
441.60 448.25 6.65 0.41 0.4
452.55 454.70 2.15 1.94 2.0
476.00 483.45 7.45 2.64 4.3
488.00 490.55 2.55 1.23 2.3
505.68 509.50 3.82 5.89 0.6
550.16 562.50 12.34 32.11 3.6
558.50 559.00 0.50 760.00 52.6
567.00 593.00 26.00 1.24 2.7
579.70 580.40 0.70 16.10 37.0
598.80 605.20 6.40 2.48 5.1
601.60 602.35 0.75 15.90 29.3
631.75 658.00 26.25 0.68 0.7
652.45 658.00 5.55 1.77 0.7
661.60 664.36 2.76 0.53 1.5
678.00 690.50 12.50 1.11 0.7
713.95 731.30 17.35 1.40 10.7
719.75 731.30 11.55 1.88 15.3
758.84 772.27 13.43 0.65 2.2
AP-12-98 80.60 90.94 10.34 0.46 7.1
142.30 159.20 16.90 0.32 10.4
145.51 149.24 3.73 0.70 27.0
213.30 224.15 10.85 0.67 16.3
377.50 388.00 10.50 0.44 7.1
859.70 867.28 7.58 0.71 3.0
AP-12-99 367.55 378.90 11.35 0.66 2.0
367.55 372.83 5.28 1.08 2.2
388.15 394.40 6.25 0.47 74.5
400.40 410.00 9.60 0.38 6.4
560.00 565.45 5.45 1.39 3.6
584.12 596.00 11.88 0.81 0.2
593.56 596.00 2.44 2.20 0.7
AP-12-100 0.00 37.60 37.60 4.81 6.35
12.50 14.00 1.50 24.60 14.40
15.50 17.30 1.80 26.20 25.20
31.80 33.05 1.25 16.75 12.20
39.92 43.50 3.58 0.47 5.87
52.90 58.63 5.73 0.72 3.55
63.12 68.65 5.53 0.46 1.87
154.30 160.10 5.80 0.79 6.88
188.15 197.00 8.85 1.30 15.78
AP-12-101 5.80 11.90 6.10 0.59 49.10
20.50 123.61 103.11 5.06 3.59
26.90 39.64 12.74 21.61 13.42
33.37 37.61 4.24 57.22 26.56
65.63 66.63 1.00 41.48 8.40
134.12 151.21 17.09 1.34 2.12
207.50 233.58 26.08 3.83 8.11
218.80 226.30 7.50 12.83 27.65
223.95 224.84 0.89 76.61 103.00
273.50 276.50 3.00 2.08 6.90
AP-12-102 0.00 48.50 48.50 2.48 4.6
55.25 75.95 20.70 3.14 5.7
66.63 67.90 1.27 20.16 32.9
105.25 117.43 12.18 0.80 1.4
150.83 154.18 3.35 0.74 0.9
168.10 176.33 8.23 3.22 9.9
199.82 204.70 4.88 0.49 1.0
AP-12-103 5.40 9.00 3.60 0.50 9.75
108.60 109.22 0.62 6.16 30.30
137.18 140.92 3.74 1.70 7.14
214.14 219.00 4.86 0.54 8.15
221.50 229.33 7.83 0.42 1.35
251.80 259.03 7.23 0.37 2.29
302.50 311.20 8.70 0.40 1.02
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