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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Dav!d who wrote (73685)8/21/2012 3:00:54 PM
From: james flannigan  Read Replies (1) of 78421
 
Hi David we don't need Cook any way:

Newstrike - NES is poised to go much higher this Fall with the recent discoveries at it's Ana Paula project in Mexico. NES' address is the Guerrero Gold Belt where it is the largest land holder with a whopping 88,000 + hectares.

Southwest of NES lies Torex Gold as well as Goldcorp's Los Filos deposit which produces 300,000 oz au + per year at under $450 cash costs with much lower grades and without the silver grades NES has to compliment their gold.

Ventana's take-out assuming 3.8 Moz gold eq~ for their silver addition to La Bodega was a take-out of $400 / oz roughly at $1.5 billion buy-out price by Batista.

In my opinion NES drills are on par with Ventana's but maybe a little bit lower given the low grade bulk tonnage which surrounds the breccia at Ana Paula. NES breccia is easily on par if simply compared with Ventana's La Mascota and La Bodega Zones.

You can compare here:
[url=http://www.ventanagold.com/section.asp?catid=789]
http://www.ventanagold.com/section.asp?catid=789
[/url]

Ventana Best Holes
1. 106.45 m @ 7.81 g/t au = 825 grams
2. 112 m @ 3 g/t au = 336 grams
3. 80.9 m @ 8.62 g/t au = 697 grams
4. 27.4 m @ 17.44 g/t au = 477 grams
5. 33.4 m @ 16.8 g/t au = 561 grams
6. 1.9 m @ 541.8 g/t au = 1029 grams
7. 84 m @ 13.66 g/t au = 1147 grams
8. 110 m @ 4.8 g/t au = 528 grams
9. 60 m @ 10.1 g/t au = 606 grams

High: 1147 grams
Low: 336 grams

Mean: 689 grams per hole

This was also 2 years of discoveries not NES' 8 months so far.

Newstrike Best Holes


1. 316.95 m @ 5.8 g/t au = 1838 grams
2. 113 m @ 2.51 g/t au = 284 grams
3. 282 m @ 1.4 g/t au = 395 grams
4. 214 @ 3.00 g/t au = 642 grams
5. 190 m @ 3.52 g/t au = 669 grams
6. 116 m @ 4.71 g/t au = 546 grams
7. 52 m @ 6.9 g/t au = 359 grams
8. 275 m @ 1.43 g/t au = 393 grams
9. 259 m @ 2.57 g/t au = 666 grams

High: 1838 grams
Low: 284 grams

Mean: 644 grams per hole
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