Newstrike Capital (NES-V) drills 214.55 m of 3.29 g/t Au at Ana
June 20, 2013 - News Release
Newstrike Capital Inc. is providing further results from the continuing drilling program at the company's 100-per-cent-owned Ana Paula project in Guerrero, Mexico. These results are from drilling designed to test targets within Ana Paula's floating cone pit (see Newstrike press release of May 9, 2013) and below the lower part of the breccia zone. Highlights include the following:
- AP-12-137 intersected a 143.78-metre section, from 224.4 metres to 368.18 metres, of 2.57 grams per tonne gold, including 47.58 metres of 5.45 g/t gold from 320.6 metres to 368.18 metres, including 20.12 metres of 11 g/t gold from 322.14 metres to 342.26 metres.
- AP-13-162 (partial results) intersected strong mineralization over multiple intersections, including a 214.55-metre section, from 3.85 metres to 218.4 metres, averaging 3.29 g/t gold, which includes 20 metres of 16.33 g/t gold from 123 metres to 143 metres.
Other intersections in AP-13-162 include:
- 132.87 metres of 1.48 g/t gold from 417.35 metres to 550.22 metres, which includes 88.34 metres of 2.03 g/t gold from 418.32 metres to 506.66 metres, and higher-grade intercepts of 9.33 metres of 3.16 g/t gold from 423.52 metres to 432.85 metres and 23.42 metres of 4.15 g/t gold from 479.4 metres to 502.82 metres;
- 10.10 metres of 3.23 g/t gold from 678.05 metres to 688.15 metres.
AP-12-137 forms part of series of recommended infill holes designed to improve the mineral confidence within the Ana Paula floating cone pit (see Newstrike press release of May 9, 2013), and to test an area above and west of the known breccia zone.
AP-13-162 (partial results) is the first of several drill holes designed to test the breccia body downplunge to confirm the geometry and structure near the surface, and to test the continuity of the breccia body at depth. To date assays have been received for the first two-thirds of the hole, which was completed at 1,407.9 metres. The remainder of the hole will be reported in a future release.
Discussion of results
A total of 1,834.95 metres in two new holes, AP-12-137 and AP-13-162, are reported and will be added to the 130 holes available on the company website, together with the drill location maps and sections.
Results for AP-12-137 are consistent with other holes in this area and confirmed the presence of high-grade mineralization at depth, as expected.
Hole AP-13-162 was drilled down the plunge of the breccia zone to determine its depth extent and position for later drilling across the structural grain. The lithologies and grades in the near-surface portion of the breccia are very similar to those predicted from the geologic and block models. The portion of the hole below the 375-metre level downhole is below the conceptual floating cone pit as defined in the maiden resource study. Several higher-grade intercepts were cut below this level, and are included in the highlights listed above.
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 the assay analyses reported in this release.
A table of all weighted-grade intercepts over a cut-off of 0.2 g/t gold is available on the company website, together with drill location maps and sections.
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