Highlights from the delineation program include:
-- AP-12-97 includes a best intersection of 12.34 meters of 32.11 g/t Au (uncut), that includes 0.50 meters of 760.00 g/t Au. Other intersections include 26.00 meters of 1.24 g/t Au, 26.25 meters of 0.68 g/t Au, 12.50 meters of 1.11 g/t Au, 17.35 meters of 1.40 g/t Au and 13.43 meters of 0.65 g/t Au. -- AP-12-100 intersected 37.60 meters of 4.81 g/t Au at surface within a 197.00 meter mineralized interval. -- AP-12-101 intersected very strong mineralization from surface to 224.84 meters with local course visible gold including a 103.11 meter interval of 5.06 g/t Au that includes a 12.74 meter interval of 21.61 g/t Au that also includes 4.24 meters of 57.22 g/t Au. -- AP-12-102 also intersected strong mineralization over multiple intersections including 48.50 meters of 2.48 g/t Au at surface. Other intersections include 20.70 meters of 3.14 g/t Au, 12.18 meters of 0.80 g/t Au and 8.23 meters of 3.22 g/t Au.
Drill holes AP-12-97 and AP-12-99 through AP-12-103 are part of the ongoing delineation drill program.
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 (August 3rd, 2011). Multiple lower grade intervals were intersected including 11.35 meters of 0.66 g/t Au, 6.25 meters of 0.47 g/t Au with 74.5 g/t Ag, 5.45 meters of 1.39 g/t Au and 11.88 meters of 0.81 g/t Au.
Drill hole AP-12-100 is an inclined hole drilled to the east from AP-11-37 (April 20th, 2011) to test the eastern contact of the Breccia Zone. AP-12-100 intersected strong mineralization from surface to 37.60 meters 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 meters including 5.73 meters of 0.72 g/t included within a 15.75 meter interval of 0.45 g/t Au, 5.80 meters of 0.79 g/t Au with 6.88 g/t Ag and 8.85 meters 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 meters 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 meters starting at 20.50 meters from surface that returned 5.06 g/t Au with 3.59 g/t Ag. This interval also includes a 12.74 meter interval of 21.61 g/t Au with 13.42 g/t Ag that also includes a 4.24 meter interval of 57.22 g /t Au and 26.56 g /t Ag. Other mineralized intersections in this hole include 17.09 meters of 1.34 g/t Au with 2.12 g/t Ag, 26.08 meters of 3.83 g/t Au with 8.11 g/t Ag that includes a 7.50 meter interval of 12.83 g/t Au and 27.65 g/t Ag that also includes a single 0.89 meter 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 meters of 2.48 g/t Au and 4.6 g/t Ag. Other near surface intersections in this hole include 20.70 meters of 3.14 g/t Au and 5.7 g/t Ag, 12.18 meters of 0.80 g/t au and 1.4 g/t Ag and 8.23 meters 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 meters to the north of the Breccia Zone. This hole intersected the weakest mineralization in this series of drill holes, including 3.60 meters of 0.50 g/t Au and 9.75 g/t Ag, another 0.62 meter interval of 6.16 g/t Au and 30.30 g/t Ag and a 3.74 meter interval of 1.70 g/t Au and 7.14 g/t Ag.
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 meters of 0.46 g/t Au with 7.1 g/t Ag, 10.85 meters of 0.67 g/t Au with 16.3 g/t Ag and 7.58 meters 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 NI43-101 has reviewed the contents of this press release.
QA-QC:
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 at www.newstrikecapital.com.
---------------------------------------------------------------------------- Interval Au Ag Drill hole Quadrant From To (m) g/t g/t ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- AP-12-97 SE 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 includes 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 includes 558.50 559.00 0.50 760.00 52.6 567.00 593.00 26.00 1.24 2.7 includes 579.70 580.40 0.70 16.10 37.0 598.80 605.20 6.40 2.48 5.1 includes 601.60 602.35 0.75 15.90 29.3 631.75 658.00 26.25 0.68 0.7 includes 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 includes 719.75 731.30 11.55 1.88 15.3 758.84 772.27 13.43 0.65 2.2 ---------------------------------------------------------------------------- AP-12-98 SW 80.60 90.94 10.34 0.46 7.1 142.30 159.20 16.90 0.32 10.4 includes 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 SE 367.55 378.90 11.35 0.66 2.0 includes 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 includes 593.56 596.00 2.44 2.20 0.7 ---------------------------------------------------------------------------- AP-12-100 SE 0.00 37.60 37.60 4.81 6.35 includes 12.50 14.00 1.50 24.60 14.40 includes 15.50 17.30 1.80 26.20 25.20 includes 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 SE 5.80 11.90 6.10 0.59 49.10 20.50 123.61 103.11 5.06 3.59 includes 26.90 39.64 12.74 21.61 13.42 and 33.37 37.61 4.24 57.22 26.56 includes 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 includes 218.80 226.30 7.50 12.83 27.65 and 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 includes 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 SE 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 ----------------------------------------------------------------------------
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Key senior members of the Company\’s current management and directors have participated in all the Guerrero Gold Belt discoveries, including Goldcorp Inc.\’s producing Los Filos Mine and Torex Gold Resources advanced stage Morelos Project in Guerrero State.
Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the Au (Ag-Cu) skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich epithermal camp of the mining districts of Oaxaca State.
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