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	<title>Newstrike Blog &#187; General</title>
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		<title>Newstrike Capital Closes Private Placement</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-closes-private-placement-2.htm</link>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-closes-private-placement-2.htm#comments</comments>
		<pubDate>Fri, 23 Jul 2010 21:13:28 +0000</pubDate>
		<dc:creator>ckeddy</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=209</guid>
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<p>Vancouver, B.C., July 22, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – www.newstrikecapital.com reports that it has completed the first tranche of its previously announced non-brokered private placement.  In the first tranche, Newstrike issued 9,145,000 units at a price of $0.40 per unit for cash proceeds of $3,658,000.  Each unit is [...]]]></description>
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<p><strong>Vancouver, B.C., July 22, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”)</strong> – <a href="http://www.newstrikecapital.com/">www.newstrikecapital.com</a> reports that it has completed the first tranche of its previously announced non-brokered private placement.  In the first tranche, Newstrike issued 9,145,000 units at a price of $0.40 per unit for cash proceeds of $3,658,000.  Each unit is comprised of one common share and one-half of a share purchase warrant.  Each whole warrant will entitle the holder to acquire a common share of the Company at $0.80 per common shares for a period of 18 months from the date of issue, or January 21, 2010.   The second tranche comprising the remaining 3,335,000 units is expected to close on or before August 6, 2010.</p>
<p>A finders’ fee of approximately 7% was paid on the first tranche of the offering to Woodstone Capital Inc.</p>
<p>The shares will be restricted from trading until November 22, 2010, in compliance with TSX Venture Exchange policies and securities legislation.</p>
<p>The proceeds will be used to fund near-term exploration activities on the Company&#8217;s Aurea Norte project in the State of Guerrero and for general working capital purposes.</p>
<p><strong>About Newstrike (TSX-V: NES) </strong></p>
<p>Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp’s and Teck’s significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.</p>
<p>Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the gold bearing oxidized iron skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of the mining districts of Oaxaca State.</p>
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		<title>Farallon announces new high grade gold zones at Campo Morado</title>
		<link>http://newstrikecapital.com/blog/farallon-announces-new-high-grade-gold-zones-at-campo-morado.htm</link>
		<comments>http://newstrikecapital.com/blog/farallon-announces-new-high-grade-gold-zones-at-campo-morado.htm#comments</comments>
		<pubDate>Wed, 28 Apr 2010 20:35:34 +0000</pubDate>
		<dc:creator>ckeddy</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Aurea Norte]]></category>
		<category><![CDATA[Campo Morado]]></category>
		<category><![CDATA[Farallon Mining]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[silver]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=139</guid>
		<description><![CDATA[
			
				
			
		
<p>Farallon Mining Ltd. recently announced new high grade gold zones outside the current mineral resource at the G-9 Mine at the Company&#8217;s Campo Morado property in Guerrero State, Mexico. </p>
<p>High grade precious metal intercepts at G-9 have been reported in various news releases over the years, most recently in the Company&#8217;s December 16, 2009 news [...]]]></description>
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<p><a href="http://www.farallonmining.com">Farallon Mining Ltd</a>. recently announced new high grade gold zones outside the current mineral resource at the G-9 Mine at the Company&#8217;s Campo Morado property in Guerrero State, Mexico. </p>
<p>High grade precious metal intercepts at G-9 have been reported in various news releases over the years, most recently in the Company&#8217;s December 16, 2009 news release in which an intersection of 13 metres of 20 grams of gold was announced. Since that time, the Company has been actively investigating the geological continuity and stratigraphic location of these intercepts, particularly since underground drilling became a component of the ongoing exploration program at G-9. Farallon commented that it is now apparent that there is a definite geological and stratigraphical correlation to the high grade gold and silver intercepts.</p>
<p>Dick Whittington President and CEO of Farallon, said: &#8220;This is an exciting new development for the Company as it shows that the G-9 mine and the Campo Morado District have the potential for high grade precious metal resources as well as the current high grade zinc resources upon which the G-9 mine was built. These resources are incremental to our recently announced mineral resources, and though small in tonnes, are high in precious metals content. Our challenge now is to find more of these high value resources and to define a metallurgical program to maximize their recovery.&#8221;</p>
<p>Located to the west of and adjacent to Newstrike Capital Inc.’s Aurea Norte Project in Guerrero State, Mexico, the G-9 mine is a 1,500 tonnes per day, underground, zinc mine with important by-product credits of copper, gold, silver, and lead.</p>
<p>Source: Farallon Mining Ltd.</p>
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		<title>Newstrike Capital Receives $2 Million Termination Fee</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-receives-2-million-termination-fee.htm</link>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-receives-2-million-termination-fee.htm#comments</comments>
		<pubDate>Tue, 16 Mar 2010 23:49:08 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Desarrollos Mineros San Luis]]></category>
		<category><![CDATA[Gleichen Resources Ltd.]]></category>
		<category><![CDATA[Goldcorp Inc]]></category>
		<category><![CDATA[Mining In Mexico]]></category>
		<category><![CDATA[Morelos Project]]></category>
		<category><![CDATA[Newstrike Capital]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=112</guid>
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<p>Vancouver, B.C., March 16th, 2010 – Newstrike Capital Inc. (“Newstrike” or the “Company”) &#8211; www.newstrikecapital.com – announced today that it had received the $2 million termination fee that was due to it under the terms of its share purchase agreement with Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”). a wholly –owned subsidiary of Goldcorp [...]]]></description>
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<p>Vancouver, B.C., March 16th, 2010 – Newstrike Capital Inc. (“Newstrike” or the “Company”) &#8211; <span style="text-decoration: underline"><a href="http://www.newstrikecapital.com">www.newstrikecapital.com</a></span> – announced today that it had received the $2 million termination fee that was due to it under the terms of its share purchase agreement with Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”). a wholly –owned subsidiary of Goldcorp Inc.</p>
<p>Under the share purchase agreement with DMSL, Newstrike agreed to acquire DMSL’s 21.2% interest in the Morelos Project in Mexico.  DMSL agreed that it would pay a $2 million termination fee if the transaction did not complete because of the exercise, by Gleichen Resources Ltd., of its right of first refusal to acquire DMSL’s interest.  On January 21, 2010 Gleichen announced that it had decided to exercise its right of first refusal.  The Gleichen / DMSL transaction closed on February 24, 2010.</p>
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		<title>Resource Opportunities initiates coverage of Newstrike</title>
		<link>http://newstrikecapital.com/blog/resource-opportunities-initiates-coverage-of-newstrike.htm</link>
		<comments>http://newstrikecapital.com/blog/resource-opportunities-initiates-coverage-of-newstrike.htm#comments</comments>
		<pubDate>Tue, 16 Mar 2010 02:34:31 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Resource Opportunities]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=117</guid>
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<p>Renowned mining industry expert Lawrence Roulston, editor of the mining investment newsletter, Resource Opportunities, has initiated coverage of Newstrike Capital Inc.</p>
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<p>Renowned mining industry expert Lawrence Roulston, editor of the mining investment newsletter, <a href="http://www.resourceopportunities.com/">Resource Opportunities</a>, has initiated coverage of Newstrike Capital Inc.</p>
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		<title>Newstrike Capital to acquire Goldcorp’s  ‘ANA PAULA’ properties</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-to-acquire-goldcorp%e2%80%99s-%e2%80%a8%e2%80%98ana-paula%e2%80%99-properties.htm</link>
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		<pubDate>Wed, 03 Mar 2010 22:39:40 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Mining In Mexico]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Ana Paula]]></category>
		<category><![CDATA[Goldcorp Inc]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Newstrike Capital press release]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=106</guid>
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<p>Newstrike Capital Inc. (“Newstrike” or the “Company”) &#8211; is pleased to announce it has entered into an agreement dated February 11th, 2010 to acquire a 100% interest in certain mining concessions situated in Guerrero State, Mexico, referred to as the “Ana Paula Properties” from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary [...]]]></description>
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<p><a href="http://www.newstrikecapital.com">Newstrike Capital Inc.</a> (“Newstrike” or the “Company”) &#8211; is pleased to announce it has entered into an agreement dated February 11th, 2010 to acquire a 100% interest in certain mining concessions situated in Guerrero State, Mexico, referred to as the “Ana Paula Properties” from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary company of <a href="http://www.goldcorp.com">Goldcorp Inc.</a> (TSX:G, NYSE:GG).</p>
<p>As consideration for the Ana Paula Properties, Newstrike will pay to DMSL the amount of CAD$1.5 million in cash and a number of common shares in Newstrike that is equal to CAD$600,000, such shares to be issued at a price that is based on the volume weighted average trading price of the shares of Newstrike on the TSX Venture Exchange for the 20 consecutive trading days ending on the trading date prior to the issue date.</p>
<p>Located within the <a href="http://newstrikecapital.com/blog/wp-admin/post.php?action=edit&amp;post=56">Guerrero Gold Belt</a>, the Ana Paula Properties consist of four claims that in total aggregate 7,622 hectares (ha). The most advanced of these claims has been subject to 3,689 metres of drilling by Goldcorp.</p>
<p>Richard Whittall, President &amp; CEO of Newstrike, commented:  “We are pleased to extend our strategic footprint within the Guerrero Gold Belt. The acquisition of Ana Paula certainly complements our 81,000 hectares of highly prospective mineral claims in the immediate area. Our management team is very familiar with Ana Paula’s geological setting and we look forward to advancing the work conducted by Goldcorp to date.”</p>
<p>Closing of the transaction is expected in April 2010 and is subject to receipt of all required shareholder, regulatory and third party consents, satisfaction of customary closing conditions</p>
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		<title>Newstrike Capital Reactivation to TSX Venture Exchange and Conversion of Subscription Receipts</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-reactivation-to-tsx-venture-exchange-and-conversion-of-subscription-receipts.htm</link>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-reactivation-to-tsx-venture-exchange-and-conversion-of-subscription-receipts.htm#comments</comments>
		<pubDate>Wed, 24 Feb 2010 19:02:22 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[NES]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Newstrike Capital press release]]></category>
		<category><![CDATA[TSX]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=101</guid>
		<description><![CDATA[
			
				
			
		
<p>Vancouver, B.C., February 24, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – www.newstrikecapital.com – today announced that its common shares will be listed on the TSX Venture Exchange (&#8220;TSXV&#8221;) with effect as of Wednesday, February 24, 2010.  The Company has met the requirements to list its common shares on the TSXV [...]]]></description>
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<p>Vancouver, B.C., February 24, 2010<strong> –</strong> Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – <a href="http://www.newstrikecapital.com/">www.newstrikecapital.com</a> – today announced that its common shares will be listed on the TSX Venture Exchange (&#8220;TSXV&#8221;) with effect as of Wednesday, February 24, 2010.  The Company has met the requirements to list its common shares on the TSXV as a Tier 2 mining issuer, and the reactivation from the NEX to the TSXV has been approved.  The Company&#8217;s common shares will commence trading on the TSXV effective at the opening of the TSXV on Wednesday, February 24, 2010 under the symbol &#8220;NES&#8221;.</p>
<p>In conjunction with the reactivation, Newstrike announces that the TSXV has accepted for filing the Company’s September 30, 2009 technical report entitled “Geological Report and Summary of Field Examinations, Aurea Norte Project, Municipalities of Apaxtla, Cocula and Cuetzala del Progreso, Guerrero State, Mexico” (the “Technical Report”).  The Technical Report, authored by R.A. Lunceford, M.Sc., CPG, was prepared in respect of the Aurea Norte property, owned 100% by Minera Aurea, S.A. de C.V., the Company’s indirect wholly-owned subsidiary.  The Technical Report includes a recommended work program in respect of the Aurea Norte property with a proposed budget of $700,000.  A copy of the Technical Report has been filed on SEDAR under Newstrike’s profile.</p>
<p>In conjunction with the reactivation, an aggregate of 3,500,000 common shares of Newstrike were issued pursuant to the terms of subscription receipts issued as a part of Newstrike’s private placement which closed January 20, 2010.  Upon issuance of such shares, an aggregate of $1,400,000, plus interest, was released to Newstrike from escrow.  The Company intends to use the net proceeds of from the subscription receipts to fund the work program outlined in the Technical Report and for working capital purposes.</p>
<p>Following completion of the reactivation and the issuance of shares pursuant to the subscription receipts, Newstrike has 67,012,877 shares outstanding.</p>
<p><strong>About Newstrike (TSX-V:NES) </strong></p>
<p>Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp’s and Teck’s significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.</p>
<p>Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the gold bearing oxidized iron skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of the mining districts of Oaxaca State.</p>
<p><strong>For further information contact:</strong></p>
<p>Richard O’C. Whittall<br />
Chief Executive Officer<br />
Phone: 604.604.4654</p>
<p>website: <a href="http://www.newstrikecapital.com/" target="_blank">www.newstrikecapital.com</a><br />
blogsite: <a href="http://newstrikecapital.com/blog" target="_blank">http://newstrikecapital.com/blog</a></p>
<p><em> </em></p>
<p><em>Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.</em></p>
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		<title>Barrick Chairman Sees Secular Trend</title>
		<link>http://newstrikecapital.com/blog/barrick-chairman-sees-secular-trend.htm</link>
		<comments>http://newstrikecapital.com/blog/barrick-chairman-sees-secular-trend.htm#comments</comments>
		<pubDate>Thu, 28 Jan 2010 16:54:14 +0000</pubDate>
		<dc:creator>ckeddy</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Barrick]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[mining]]></category>
		<category><![CDATA[World Economic Forum]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=90</guid>
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Speaking at the World Economic Forum in Davos, the Barrick chairman of the the world&#8217;s biggest gold producer commented that while the gold price may be volatile, its upward climb is not over. &#8221;It may fluctuate, (but) to us and I think to our investors, the key criteria should be that it&#8217;s got a secular tendency [...]]]></description>
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<div id="_mcePaste">Speaking at the World Economic Forum in Davos, the Barrick chairman of the the world&#8217;s biggest gold producer commented that while the gold price may be volatile, its upward climb is not over. &#8221;It may fluctuate, (but) to us and I think to our investors, the key criteria should be that it&#8217;s got a secular tendency now to move up year in and year out&#8221; said Peter Munk. &#8221;While it may trade off in the two-week or three-month period, I think the trend is here to stay.&#8221;</div>
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<div><a href="http://www.reuters.com/article/idUSTRE60Q33H20100127">Source: Reuters</a></div>
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		<title>Newstrike Capital Closes Private Placement</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-closes-private-placement.htm</link>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-closes-private-placement.htm#comments</comments>
		<pubDate>Mon, 25 Jan 2010 22:32:09 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Gleichen Resources Inc.]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Morelos Project]]></category>
		<category><![CDATA[Newstrike Capital]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=87</guid>
		<description><![CDATA[
			
				
			
		
<p>Vancouver, B.C., January 25, 2010 – Newstrike Capital Inc. (NEX: NES.H) (“Newstrike” or “the Company”) – www.newstrikecapital.com – reports that it has completed a non-brokered private placement of 5,000,000 units at a price of $0.40 per unit for cash proceeds of $2,000,000. Each unit is comprised of 0.3 of a common share and 0.7 of [...]]]></description>
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<p><strong>Vancouver</strong><strong>, B.C., January 25, 2010 – Newstrike Capital Inc. (NEX: NES.H) (“Newstrike” or “the Company”)</strong> – <a href="http://www.newstrikecapital.com/">www.newstrikecapital.com</a> – reports that it has completed a non-brokered private placement of 5,000,000 units at a price of $0.40 per unit for cash proceeds of $2,000,000. Each unit is comprised of 0.3 of a common share and 0.7 of a subscription receipt, with each whole subscription receipt exercisable to acquire, for no additional consideration, one common share. $1,400,000 of the $2,000,000 private placement is allocated to subscription receipts, and, subject to receipt of final approval from the TSX Venture Exchange, will be placed into escrow pending conclusion of the Company’s reactivation from the NEX to Tier 2 on the TSX Venture Exchange.</p>
<p>A 5% finders’ fee is payable on a portion of the offering.  The shares will be restricted from trading for a period of four months from the date of issuance in compliance with TSX Venture Exchange policies and securities legislation.</p>
<p>Newstrike also confirms that Gleichen Resources Inc. has announced that it has decided to exercise its right of first refusal in respect of the acquisition of Goldcorp Inc.’s 21.2% interest in the concessions that comprise the Morelos Project in the Guerrero Gold Belt in Mexico.  Newstrike had previously entered into a Share Purchase Agreement with Goldcorp in respect of its interest in the Morelos Project, which Agreement was subject to Gleichen’s decision to exercise its right of first refusal.  Newstrike has determined that it will continue to move forward to meet its obligations under the Agreement with Goldcorp until such time as Goldcorp and Gleichen have entered into a formal agreement and the acquisition of Goldcorp’s interest by Gleichen has completed.</p>
<p><strong><br />
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		<title>Goldcorp Acquisition of Canplats</title>
		<link>http://newstrikecapital.com/blog/goldcorp-acquisition-of-canplats.htm</link>
		<comments>http://newstrikecapital.com/blog/goldcorp-acquisition-of-canplats.htm#comments</comments>
		<pubDate>Tue, 05 Jan 2010 19:31:42 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Canplats]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Minera Penmont]]></category>
		<category><![CDATA[Newmont]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Respresa Deposit]]></category>
		<category><![CDATA[silver]]></category>
		<category><![CDATA[Zacatecas State]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=69</guid>
		<description><![CDATA[
			
				
			
		
<p style="margin: 0pt"> </p>
<p style="margin: 0pt">As 2009 ended, Goldcorp emerged victorious in a takeover battle with Minera Penmont (44 percent owned by Newmont Mining Corporation with the remainder held by Mexican miner Fresnillo Plc.) to acquire Canplats Resources Corp.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt">The prize was Canplats’ Camino Rojo’s 3,389-square kilometre land position which includes the Represa [...]]]></description>
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<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small">As 2009 ended, </span></span><a href="http://www.goldcorp.com/"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Goldcorp</span></span></span></a><span style="font-family: Arial"><span style="font-size: small"> emerged victorious in a takeover battle with </span></span><span style="font-family: Arial"><span style="font-size: small">Minera Penmont (44 percent owned by </span></span><a href="http://www.newmont.com/"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Newmont Mining Corporation</span></span></span></a><span style="font-family: Arial"><span style="font-size: small"> with the remainder held by Mexican miner </span></span><a href="http://newstrikecapital.com/blog/wp-admin/fresnilloplc.com"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Fresnillo Plc</span></span></span></a><span style="font-family: Arial"><span style="font-size: small">.) to acquire </span></span><a href="http://www.canplats.com/"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Canplats Resources Corp</span></span></span></a><span style="font-family: Arial"><span style="font-size: small">.</span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small">The prize was Canplats’ Camino Rojo’s 3,389-square kilometre land position which includes the Represa Deposit; </span></span><span style="font-family: Arial"><span style="font-size: small">host to 3.44 million ounces of gold and 60.7 million ounces of silver on a measured and indicated resources basis.</span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small">Located in </span></span><span style="font-family: Arial"><span style="font-size: small">Zacatecas State in Central Mexico</span></span><span style="font-family: Arial"><span style="font-size: small">, Camino Rojo is approximately 50 kilometres southeast of Goldcorp’s </span></span><a href="http://www.goldcorp.com/operations/penasquito/"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Peñasquito</span></span></span></a><span style="font-family: Arial"><span style="font-size: small"> mine</span></span><span style="font-family: Arial"><span style="font-size: small">.  The Peñasquito mine will be Mexico&#8217;s largest open pit mine once it is completed and commissioned in early 2011. </span></span><span style="font-family: Arial"><span style="font-size: small">As of December 2008, the deposit contained 17.4 million ounces of gold and 1.05 billion ounces of silver. </span></span><span style="font-family: Arial"><span style="font-size: small">Annual production over the life of mine (estimated</span></span><span style="font-family: Arial"><span style="font-size: small"> </span></span><span style="font-family: Arial"><span style="font-size: small">22 years) is expected to ramp up to approximately 500,000 ounces of gold, 30 million ounces of silver and over 400 million pounds of zinc.</span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small">By acquiring Canplats, Goldcorp will be able to benefit from strong synergies between Peñasquito and Camino Rojo, in the areas of human resources, infrastructure and stakeholder partnerships. </span></span><span style="font-family: Arial"><span style="font-size: small">Goldcorp took a similar strategy when it acquired the El Bermejal Gold Deposit in the Guerrero Gold Belt in the State of Guerrero, Mexico. El Bermejal was located only two </span></span><span style="font-family: Arial"><span style="font-size: small">kilometres</span></span><span style="font-family: Arial"><span style="font-size: small"> south of Gol</span></span><span style="font-family: Arial"><span style="font-size: small">dcorp’s Los Filos gold d</span></span><span style="font-family: Arial"><span style="font-size: small">eposit.  Post acquisition</span></span><span style="font-family: Arial"><span style="font-size: small">,</span></span><span style="font-family: Arial"><span style="font-size: small"> Goldcorp was able to operate the two open pit mines (Los Filos and El Bermejal)</span></span><span style="font-family: Arial"><span style="font-size: small"> </span></span><span style="font-family: Arial"><span style="font-size: small">with </span></span><span style="font-family: Arial"><span style="font-size: small">a </span></span><span style="font-family: Arial"><span style="font-size: small">common heap leach, wet plant and ancillary facilities.</span></span><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><a href="http://www.newstrikecapital.com/"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Newstrike Capital Inc.</span></span></span></a><span style="font-family: Arial"><span style="font-size: small"> has the largest property holding in the Guerrero</span></span><span style="font-family: Arial"><span style="font-size: small"> Gold Belt. In addition to its </span></span><span style="font-family: Arial"><span style="font-size: small">81,000 hectares of highly prospective mineral cla</span></span><span style="font-family: Arial"><span style="font-size: small">ims in the Guerrero Gold Belt, </span></span><span style="font-family: Arial"><span style="font-size: small">Newstrike recently entered into an agreement to acquire 21.2% of the Morelos Project from a wholly owned subsidiary company of Goldcorp Inc. The Morelos Project is an advanced stage gold exploration property located in Guerrero</span></span><span style="font-family: Arial"><span style="font-size: small"> Gold Belt</span></span><span style="font-family: Arial"><span style="font-size: small">, approximately 180 km to the southwest of Mexico City. The Morelos </span></span><span style="font-family: Arial"><span style="font-size: small">Project consists of a group of seven</span></span><span style="font-family: Arial"><span style="font-size: small"> claim</span></span><span style="font-family: Arial"><span style="font-size: small">s, totaling 29,046 hectares</span></span><span style="font-family: Arial"><span style="font-size: small">. </span></span><a href="http://www.gleichenresourcesltd.com/"><span style="color: #0000ff;font-family: Arial"><span style="text-decoration: underline"><span style="font-size: small">Gleichen Resources Ltd.</span></span></span></a> <span style="font-family: Arial"><span style="font-size: small">has recently become operator of the Morelos Project.  </span></span></p>
<p style="margin: 0pt"><span style="font-family: Arial"><span style="font-size: small"> </span></span></p>
<p style="margin: 0pt"><span style="font-family: Cambria"><span style="font-size: small"> </span></span></p>
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		<title>NEWSTRIKE CAPITAL SIGNS DEFINITIVE AGREEMENT TO ACQUIRE  21.2% INTEREST IN MORELOS PROJECT FROM GOLDCORP INC.</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-signs-definitive-agreement-to-acquire-21-2-interest-in-morelos-project-from-goldcorp-inc.htm</link>
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		<pubDate>Thu, 31 Dec 2009 20:57:18 +0000</pubDate>
		<dc:creator>ckeddy</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Gleichen Resources Ltd.]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Morelos Projec]]></category>
		<category><![CDATA[Newstrike]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=66</guid>
		<description><![CDATA[
			
				
			
		
NEWSTRIKE CAPITAL SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
21.2% INTEREST IN MORELOS PROJECT FROM GOLDCORP INC.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
Vancouver, B.C., December 31, 2009 – Newstrike Capital Inc. (“Newstrike” or the
“Company”) &#8211; www.newstrikecapital.com &#8211; is pleased to announce it has entered into a
definitive share purchase agreement dated December 31, [...]]]></description>
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<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">NEWSTRIKE CAPITAL SIGNS DEFINITIVE AGREEMENT TO ACQUIRE</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">21.2% INTEREST IN MORELOS PROJECT FROM GOLDCORP INC.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">STATES</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Vancouver, B.C., December 31, 2009 – Newstrike Capital Inc. (“Newstrike” or the</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">“Company”) &#8211; www.newstrikecapital.com &#8211; is pleased to announce it has entered into a</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">definitive share purchase agreement dated December 31, 2009 to acquire 21.2% of the</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Morelos Project from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a whollyowned</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">subsidiary company of Goldcorp Inc. (TSX:G, NYSE:GG) for a purchase price of</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">not less than $52 million comprised of $44.5 million in cash and 15 million common</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">shares in Newstrike.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Closing of the transaction is expected in early 2010 and is subject to receipt of all</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">required shareholder, regulatory and third party consents, satisfaction of customary</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">closing conditions and the completion by Newstrike of a financing to raise net proceeds</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">of $50 million. In addition, Gleichen Resources Ltd. has a right of first refusal in respect</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">of DMSL’s interest in the Morelos Project, exercisable for 90 days from the date it is</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">advised of the terms of the Newstrike agreement.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Further particulars regarding the transaction are disclosed in the Company’s December</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">1, 2009 press release.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">About Newstrike (TSX-V NEX:NES.H)</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">mining districts in Mexico. Current management and directors co-discovered Goldcorp’s</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">and Teck’s significant discoveries in Guerrero Gold Belt in Guerrero State, currently in</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">advanced stages of exploration and production.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Newstrike holds a 100% interest in certain exploration properties in Mexico located</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">within two established mining districts; the gold bearing oxidized iron skarn-porphyry</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">the mining districts of Oaxaca State.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">HEADQUARTERS OPERATIONS</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">2000 &#8211; 1066 West Hastings Street Bosques de Duraznos # 69 P.P</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Vancouver, BC Bosques de las Lomas</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">V6E 3X2 Canada C.P. 11700 Mexico D F, Mexico</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">T (+1) 604-806-6110 www.newstrikecapital.com T1 (+1) 604-484-8386 VoIP</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">F (+1) 604-806-6112 T2 (+52) (55) 5251-8957</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">F (+52) (55) 5245-7491</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">NES.H – TSXV</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">For further information, please contact:</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Newstrike Capital Inc.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Richard Whittall</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Director, President &amp; CEO</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Phone: 604-605-4654</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">website: www.newstrikecapital.com</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">blogsite: http://newstrikecapital.com/blog</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">adequacy or accuracy of, this release.</div>
<p>Vancouver, B.C., December 31, 2009 – <a href="http://www.newstrikecapital.com">Newstrike Capital Inc</a>. (“Newstrike” or the</p>
<p>“Company”) &#8211; <a href="http://www.newstrikecapital.com">www.newstrikecapital.com</a> &#8211; is pleased to announce it has entered into a</p>
<p>definitive share purchase agreement dated December 31, 2009 to acquire 21.2% of the</p>
<p><a href="http://www.newstrikecapital.com/properties/morelos-project.htm">Morelos Project</a> from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly owned</p>
<p>subsidiary company of <a href="http://www.goldcorp.com">Goldcorp Inc</a>. (TSX:G, NYSE:GG) for a purchase price of</p>
<p>not less than $52 million comprised of $44.5 million in cash and 15 million common</p>
<p>shares in <a href="http://www.newstrikecapital.com">Newstrike</a>.</p>
<p>Closing of the transaction is expected in early 2010 and is subject to receipt of all</p>
<p>required shareholder, regulatory and third party consents, satisfaction of customary</p>
<p>closing conditions and the completion by <a href="http://www.newstrikecapital.com">Newstrike</a> of a financing to raise net proceeds</p>
<p>of $50 million. In addition, <a href="http://www.gleichenresourcesltd.com">Gleichen Resources Ltd</a>. has a right of first refusal in respect</p>
<p>of DMSL’s interest in the Morelos Project, exercisable for 90 days from the date it is</p>
<p>advised of the terms of the Newstrike agreement.  Further particulars regarding the transaction are disclosed in the Company’s December 1, 2009 press release.</p>
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