NES the next Ventana ?
posted on
Sep 02, 2011 04:06PM
Newstrike is a gold-silver focused exploration and development company, targeting known and historic mining districts in Mexico.
Expert Analysis
Lawrence Roulston, Resource Opportunities (8/26/11) "Newstrike Capital Inc. continues to generate highly favorable drill results from the ongoing drill program at its wholly owned Ana Paula project in the Guerrero gold belt of Mexico. The highlight from recent results was hole AP-11-52, which intersected 120m of 4.6 g/t gold. The recent results are from holes that tested a variety of targets. Favorable results are now being further evaluated with infill and step-out drilling. The company has a dominant land position in a highly productive gold trend that includes several large-scale producing mines. . .the share price is up fivefold this year on the basis of the strong drill results. There is still enormous potential, as the drilling continues to outline a number of substantial gold zones at Ana Paula. The company also has considerable exploration potential on numerous other targets on the extensive property position."
Morning Coffee (8/15/11) "Just over a week ago, when the broader markets were tanking, Newstrike Capital Inc. released another set of impressive results from its 100%-owned Ana Paula project. . .the highlight hole was AP-11-52 which intersected a 120m interval of 4.6 g/t Au, including intervals of 50m of 8.89 g/t Au, 16m of 20.3 g/t Au and two more intervals of 25.76 m 1.78 g/t Au and 20.50m 1.94 g/t Au. . .the results demonstrate the upside for new discovery as drilling continues to systematically explore the robust mineralized system that underlies the Ana Paula project area."
Brian Christie, Desjardins Securities (8/10/11) "Newstrike Capital Inc. announced the most recent drill results of its 2011 program at the Ana Paula project in the Guerrero Gold Belt. . .The best results include: 120m of 4.60 g/t (including 50m of 8.89 g/t); 108.00m of 0.81 g/t; 155.78m of 0.43 g/t; 27.5m of 0.83 g/t gold and 42.4g/t silver (including 3.04m of 3.12 g/t gold and 219.4 g/t silver). The above results confirmed the strength and continuity of the high-grade mineralized breccia body. . .The new zones that were intersected by the new drilling are being evaluated for further step-out and infill drilling."
Morning Coffee (7/13/11) "More breccia? Shares of Newstrike Capital surged during Tuesday's midday trading, on no apparent news. . .last week, Canaccord Genuity Senior Mining Analyst Wendell Zerb highlighted that Newstrike holds 88,950 hectares of mineral claims covering the main trend of the Guerrero gold belt in Guerrero State, Mexico, making it among the largest claimholders in the area. The company's primary focus is the Ana Paula project, north of and along trend of Torex Gold's Morelos project (which includes the El Limon deposit) and Goldcorp's Los Filos mine; drilling is ongoing at Ana Paula with recent results indicating that high-grade mineralization is associated with a north-trending, west-dipping breccia that may have formed along a fault zone. . .hole AP-10-19 first located the breccia in January 2011, intercepting 214.0m of 3.00 g/t Au, including 0.5m of 439 g/t Au, and subsequent recent drilling has been focused on defining the dimensions of the breccia unit, which continues to return wide high-grade intercepts."
Kwong-Mun Achong Low, Northern Securities (6/28/11) "Newstrike Capital shows good continuity at Ana Paula. . .one drill hole of note is AP-11-48, which returned 4.7 g/t gold over 116m and ended in mineralization. . . the company states that these series of drill holes have helped it to better understand the geometry of the breccia and its mineralized envelope, which we believe will help the company to follow the new targets to the northwest and southwest more closely."
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