gold « Newstrike Blog

Gold hits all-time high as investors seek haven

Gold prices hit an all-time high as demand surged to the highest level since the collapse of Lehman Brothers in 2008 amid volatile financial markets in Europe.

Spot gold in London surged to above $1,230 a troy ounce, surpassing the previous record set in December last year.

Gold prices in euro terms also hit a fresh all-time [...]

How Is Gold Formed?

Gold is relatively scarce in the earth, but it occurs in many different kinds of rocks and in many different geological environments. Though scarce, gold is concentrated by geologic processes to form commercial deposits of two principal types: lode (primary) deposits and placer (secondary) deposits.

Lode deposits are the targets for the “hardrock” prospector seeking gold [...]

Farallon announces new high grade gold zones at Campo Morado

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 [...]

Hedge Fund Manager Sprott Sees Gold at $1,500 in 2010

Eric Sprott, whose Sprott Hedge Fund increased more than fivefold in nine years, said gold may rise to $1,500 an ounce this year and $2,000 within two years as the U.S. government takes measures to counter the credit crunch. “With quantitative easing and the financial problems we have, I suspect that the gold price goes [...]

Barrick Chairman Sees Secular Trend

Speaking at the World Economic Forum in Davos, the Barrick chairman of the the world’s biggest gold producer commented that while the gold price may be volatile, its upward climb is not over. ”It may fluctuate, (but) to us and I think to our investors, the key criteria should be that it’s got a secular tendency [...]

GOLDCORP ACQUISITION OF CANPLATS

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.

The prize was Canplats’ Camino Rojo’s 3,389-square kilometre land position which includes the Represa [...]

History of the Development of the Guerrero Gold Belt

The Guerrero Gold Belt (GGB) is a significant emerging gold mining district hosting a gold bearing iron skarn-porphyry mineralizing system. The district includes Goldcorp’s Bermejal, Nukay and Los Filos deposits, and Gleichen Resource’s Limon-Los Guajes deposit. The GGB has an inventory of approximately 14 million ounces of gold, which continues to increase with ongoing exploration [...]

Lundin’s Mexican Presence

The Lundin Group of Companies is the principal shareholder of Newstrike Capital Inc. http://www.thelundingroup.com/s/Home.asp
Internationally recognized as leaders in identifying superior investment opportunities in the natural resource sector, the Lundin group’s endeavors have led the development of several world class mineral deposits and significant gains for shareholders who participated in their ventures.

Renown for their foresight and [...]

A Brief History of Oaxaca’s Golden Past

There’s an old saying that goes “gold is where you find it.” This may seem overly simplistic, but it makes sense when considering that many companies have had success recently by exploring near and beneath past workings in Mexico. After all, historic mining regions are historic for a reason. Spanish conquistadors mined metal deposits in [...]

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