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Based upon the rapid rise in gold prices, Farallon Mining said it is planning a second mine at its Campo Morado property in Guerrero Sate in Mexico The Company is formally initiating studies to re-evaluate the Reforma, Naranjo, El Largo and El Rey deposits to assess the feasibility of building a second mine with a target [...] With the acquisition of the Ana Paula Properties, Newstrike Capital now controls a 100 per cent interest in over 160,000 strategic hectares in the Guerrero Gold Belt (GGB). The company manages their land position under two contiguous projects – Aurea Sur and Aurea Norte – which are divided geographically by the east-westerly trending Balsas River. The Aurea [...] Vancouver, B.C., June 25, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – www.newstrikecapital.com – is pleased to advise that it has completed its acquisition of a 100% interest in the Ana Paula mining concessions from Goldcorp Inc. (“Goldcorp”) (TSX:G, NYSE:GG). Final documentation was signed and submitted for registration in Mexico City [...] Vancouver, B.C., June 22, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – http://www.newstrikecapital.com/ – is pleased to announce a non-brokered private placement of up to 12,500,000 units at a price of $0.40 per unit for cash proceeds of up to $5,000,000. Each unit is comprised of 1 common share and 0.5 [...] Farallon Mining Ltd. recently announced new high grade gold zones outside the current mineral resource at the G-9 Mine at the Company’s Campo Morado property in Guerrero State, Mexico. High grade precious metal intercepts at G-9 have been reported in various news releases over the years, most recently in the Company’s December 16, 2009 news [...] |
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