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	<title>Newstrike Blog &#187; Goldcorp</title>
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		<title>Newstrike Capital Announces Closing of the Ana Paula Acquisition</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-announces-closing-of-the-ana-paula-acquisition-2.htm</link>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-announces-closing-of-the-ana-paula-acquisition-2.htm#comments</comments>
		<pubDate>Fri, 25 Jun 2010 16:34:15 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[Ana Paula Properties]]></category>
		<category><![CDATA[Ana Paula]]></category>
		<category><![CDATA[Aurea Norte]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Guerrero]]></category>
		<category><![CDATA[Guerrero State]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Teck]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=196</guid>
		<description><![CDATA[
			
				
			
		
<p>Vancouver, B.C., June 25, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – www.newstrikecapital.com &#8211; 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 [...]]]></description>
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<p><strong>Vancouver, B.C., June 25, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”)</strong> – <a href="http://www.newstrikecapital.com/">www.newstrikecapital.com</a> &#8211; is pleased to advise that it has completed its acquisition of a 100% interest in the Ana Paula mining concessions from Goldcorp Inc. (“<strong>Goldcorp</strong>”) (TSX:G, NYSE:GG). Final documentation was signed and submitted for registration in Mexico City on June 24, 2010. As consideration for the Ana Paula Properties, Newstrike paid to Desarrollos Mineros San Luis, S.A. de C.V. (“<strong>DMSL</strong>”), a wholly-owned subsidiary of Goldcorp, the amount of CAD$1.5 million in cash and 1,412,762 common shares of Newstrike having an aggregate value of CAD$600,000 calculated at a deemed price of $0.4247, being the volume weighted average trading price of common 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>The Ana Paula properties comprise a total of 7,622 hectares in four discreet claims located internal to Newstrike&#8217;s existing land position and complementing the Company’s 81,000 hectares of highly prospective mineral claims in the immediate area. The Ana Paula properties include the advanced exploration stage Ana Paula Project where Goldcorp has previously identified anomalous gold at surface over a 1.0 by 2.0 kilometre area and in a similar geological setting to other deposits of the Guerrero Gold Belt.</p>
<p>A portion of this mineralized area was drill tested in 2005 with a 3,689 meter, 11-hole diamond drill program that confirmed the gold mineralization potential of the area. Newstrike has commissioned a technical audit and report of Goldcorp’s exploration results from Mr. Bob Lunceford, MSc, CPG, and independent qualified person under NI43-101. The Company’s report will be filed with the TSX Venture Exchange shortly.</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 the 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, and is increasing its position as strategic opportunities present themselves.</p>
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		<title>Newstrike Capital Announces Private Placement and Provides Update on Ana Paula Acquisition</title>
		<link>http://newstrikecapital.com/blog/newstrike-capital-announces-private-placement-and-provides-update-on-ana-paula-acquisition.htm</link>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-announces-private-placement-and-provides-update-on-ana-paula-acquisition.htm#comments</comments>
		<pubDate>Wed, 23 Jun 2010 16:18:21 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[Ana Paula Properties]]></category>
		<category><![CDATA[Ana Paula]]></category>
		<category><![CDATA[Aurea Norte]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Guerrero]]></category>
		<category><![CDATA[Guerrero State]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Teck]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=185</guid>
		<description><![CDATA[
			
				
			
		
<p>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 [...]]]></description>
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<p>Vancouver, B.C., June 22, 2010 – <a href="http://www.newstrikecapital.com/">Newstrike Capital Inc.</a> (TSX-V: NES) (“Newstrike” or “the Company”) – <a href="http://www.newstrikecapital.com/">http://www.newstrikecapital.com/</a> – 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 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 share for a period of 18 months from the date of issue. A 7% finders’ fee may be payable on all or a portion of the offering.</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. This private placement is subject to regulatory approval, and the common shares, together with the shares issued on the exercise of the warrants, will be restricted from trading for a period of four months from the date of issuance of the units, in compliance with TSX Venture Exchange policies and securities legislation.</p>
<p><strong>Ana Paula Acquisition</strong></p>
<p>The Company is pleased to advise that its acquisition of a 100% interest in the Ana Paula mining concessions from Goldcorp Inc. (TSX:G, NYSE:GG) is nearing completion. The acquisition, initially announced March 3, 2010, received regulatory approval on April 28, 2010 and a definitive agreement was entered into on May 11, 2010. Final documentation could be signed and registered as early as June 23, 2010. The 4 concessions that make up the Ana Paula properties, which comprise 7,662 hectares, are all internal to Newstrike’s existing land position and complement the Company’s 81,000 hectares of highly prospective mineral claims in the immediate area.</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 the Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.</p>
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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>
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		<title>The Purest Nugget of Gold</title>
		<link>http://newstrikecapital.com/blog/the-purest-nugget-of-gold.htm</link>
		<comments>http://newstrikecapital.com/blog/the-purest-nugget-of-gold.htm#comments</comments>
		<pubDate>Fri, 15 Jan 2010 17:19:14 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[Morelos Project]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Los Filos Mine]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[The Motley Fool]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=79</guid>
		<description><![CDATA[
			
				
			
		
The Motley Fool sings the praises of Goldcorp stating that &#8220;Goldcorp&#8217;s  position of relative strength among major gold miners has been years in the making and recent strategic moves to build out the company&#8217;s production pipeline lay the foundation for a lasting competitive advantage over even traditional gold mining titans like Barrick Gold and Newmont Mining. &#8220; 
Newstrike Capital  has entered into [...]]]></description>
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<div>The Motley Fool sings the praises of Goldcorp stating that &#8220;<a href="www.goldcorp.com">Goldcorp&#8217;s</a>  position of relative strength among major gold miners has been years in the making and recent strategic moves to build out the company&#8217;s production pipeline lay the foundation for a lasting competitive advantage over even traditional gold mining titans like <a href="http://www.barrick.com">Barrick Gold</a> and <a href="http://www.newmont.com">Newmont Mining. </a><span>&#8220; </span></div>
<div>Newstrike Capital  has entered into a definitive share purchase agreement to acquire 21.2% of the Morelos Project from Goldcorp.   The Morelos Project, together with Goldcorp&#8217;s Los Filos Mine, form part of the <a href="http://www.newstrikecapital.com/properties/guerrero-project/guerrero-gold-belt.htm" target="_blank">Guerrero Gold Belt </a>(“GGB”) in Guerrero State.  <a href="http://www.newstrikecapital.com/" target="_blank">Newstrike </a>controls a 100% interest in 81,330.04 contiguous hectares strategically located within the GGB. The GGB today has an inventory of over 12 million ounces of gold. Newstrike’s management team was instrumental in the discovery of over eight million of those gold ounces.</div>
<div>Source: <a href="http://www.fool.com/investing/general/2010/01/13/own-the-purest-nugget-of-gold.aspx">The Motley Fool </a> </div>
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		<title>GOLDCORP Delivers Record Gold Production</title>
		<link>http://newstrikecapital.com/blog/goldcorp-delivers-record-gold-production.htm</link>
		<comments>http://newstrikecapital.com/blog/goldcorp-delivers-record-gold-production.htm#comments</comments>
		<pubDate>Wed, 13 Jan 2010 17:30:53 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Newstrike Capital]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=77</guid>
		<description><![CDATA[
			
				
			
		
<p>GOLDCORP INC. announced record gold production for the 2009 year of over 2.4 million ounces, exceeding guidance that had been previously revised upward from 2.3 million ounces. Fourth quarter 2009 gold production totaled 601,000 ounces.   The Company commented that the Los Filos mine is expected to remain the largest gold producer in Mexico in [...]]]></description>
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<p><a href="http://www.goldcorp.com">GOLDCORP INC. </a>announced record gold production for the 2009 year of over 2.4 million ounces, exceeding guidance that had been previously revised upward from 2.3 million ounces. Fourth quarter 2009 gold production totaled 601,000 ounces.   The Company commented that the Los Filos mine is expected to remain the largest gold producer in Mexico in 2010. The mine will be an important driver of Goldcorp&#8217;s growth as commissioning of a crushing and agglomeration plant takes place during the first quarter of 2010.   On December 31, 2009, Newstrike announced it has entered into a definitive share purchase agreement dated December 31, 2009 to acquire 21.2% of the Morelos Project from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary company of Goldcorp for a purchase price of not less than $52 million comprised of $44.5 million in cash and 15 million common shares in Newstrike.     The Los Filos mine and the Morelos Project form part of the <a href="http://www.newstrikecapital.com/properties/guerrero-project/guerrero-gold-belt.htm">Guerrero Gold Belt </a>(“GGB”) in Guerrero State.  <a href="http://www.newstrikecapital.com">Newstrike </a>controls a 100% interest in 81,330.04 contiguous hectares strategically located within the GGB. The GGB today has an inventory of over 12 million ounces of gold. Newstrike&#8217;s management team was instrumental in the discovery of over eight million of those gold ounces. This gold inventory continues to increase with ongoing exploration and/or mine development by all participants currently active in the area.       </p>
<p>Source: <a href="http://money.cnn.com/news/newsfeeds/articles/marketwire/0575482.htm">CNN Money </a></p>
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		<title>Juniors Benefit from Competition Amongst Major Gold Companies</title>
		<link>http://newstrikecapital.com/blog/juniors-benefit-from-competition-amongst-major-gold-companies.htm</link>
		<comments>http://newstrikecapital.com/blog/juniors-benefit-from-competition-amongst-major-gold-companies.htm#comments</comments>
		<pubDate>Mon, 11 Jan 2010 17:37:39 +0000</pubDate>
		<dc:creator>Michaela Davies</dc:creator>
				<category><![CDATA[Mining In Mexico]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[acquisitions]]></category>
		<category><![CDATA[Barrick]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Mineral Penmont]]></category>
		<category><![CDATA[Morelos Project]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Teck]]></category>
		<category><![CDATA[Xstrata]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=72</guid>
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<p>With bullion process hovering around near record levels, senior global gold miners are on prowl, competing amongst each other for established and emerging projects containing gold, copper and silver.</p>
<p>The world&#8217;s largest gold producer, Barrick Gold Corp. and other large miners are pursuing copper-gold projects and gold-silver projects, as pure gold plays become scarce, said Barrick [...]]]></description>
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<p>With bullion process hovering around near record levels, senior global gold miners are on prowl, competing amongst each other for established and emerging projects containing gold, copper and silver.</p>
<p>The world&#8217;s largest gold producer, <a href="http://www.barrick.com">Barrick Gold Corp</a>. and other large miners are pursuing copper-gold projects and gold-silver projects, as pure gold plays become scarce, said Barrick spokesman Vincent Borg. &#8220;The reality is the world is pretty much explored in terms of pure gold deposits, so what people are looking for today are called gold- copper porphyries, where the copper comes with the gold, or multi- mineral deposits,&#8221; he said.</p>
<p>Last week, <a href="http://www.goldcorp.com">Goldcorp Inc</a>. entered into the midst of Barrick&#8217;s deal to buy mining giant <a href="http://www.xstrata.com">Xstrata </a>PLC&#8217;s 70 per cent share of the El Morro Chilean copper-gold project. Goldcorp made an arrangement with New Gold, which owns the other 30 per cent of the project, with US$463 million to exercise their first, right of refusal and buy out Xstrata&#8217;s stake in the project, then sell Goldcorp a 70 per cent interest. Barrick may still return to the fray by making another bid for the El Morro project. Goldcorp’s actions follow on the heels of a successful bidding war with <a href="http://www.newmont.com">Minera Penmont </a>for control of Canplats Resources Corp.&#8217;s Camino Rojo gold and silver discovery in Mexico.</p>
<p>Andre Hidi, head of global mergers and acquisitions at BMO Capital Markets, predicted an acceleration of M&amp;A activity in the mining sector throughout 2010. Scotiabank vice-president and commodities specialist Patricia Mohr commented that because the potential for new gold projects is limited, large companies are keen to acquire projects from junior miners, which is often the most cost-effective way of doing business for both players. Though seniors are seeking large gold deposits, there are also seeking them to be located jurisdictions such as Chile and Mexico, which are perceived to be friendly towards mining.</p>
<p>To help position themselves to aggressively pursue acquisitions, senior producers are also rationalizing their portfolios, both to focus on larger projects and in the case of <a href="http://www.teck.com">Teck Resources Limited</a>, to reduce debt obligations. This allows opportunities for junior companies to pick up attractive assets.</p>
<p><a href="http://www.newstrikecapital.com">Newstrike Capital Inc.</a> announced it has entered into an agreement to acquire 21.2% of the Morelos Project from of Goldcorp. Earlier, Gleichen Resources had acquired the acquisition of 78.8% of the Morelos Project from Teck. The Morelos Project is located in the <a href="http://newstrikecapital.com/blog/history-of-the-development-of-the-guerrero-gold-belt.htm">Guerrero Gold Belt</a> (“GBB”) in the State of Guerrero, Mexico, north of Acapulco City. The GGB today has an inventory of over 12 million ounces of gold. Newstrike&#8217;s management team was instrumental in the discovery of over eight million of those gold ounces. This inventory continues to increase with ongoing exploration and mine development by all participants currently active in the area. In addition to the  proposed acquisition from Goldcorp, Newstrike control the largest land position in the GGB, a 100% interest in 81,330.04 contiguous hectares.</p>
<p>Source: <a href="http://www.winnipegfreepress.com/business/breakingnews/81043982.html">Winnipeg Free Press</a></p>
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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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		<item>
		<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>
		<comments>http://newstrikecapital.com/blog/newstrike-capital-signs-definitive-agreement-to-acquire-21-2-interest-in-morelos-project-from-goldcorp-inc.htm#comments</comments>
		<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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		<item>
		<title>History of the Development of the Guerrero Gold Belt</title>
		<link>http://newstrikecapital.com/blog/history-of-the-development-of-the-guerrero-gold-belt.htm</link>
		<comments>http://newstrikecapital.com/blog/history-of-the-development-of-the-guerrero-gold-belt.htm#comments</comments>
		<pubDate>Tue, 08 Dec 2009 00:28:35 +0000</pubDate>
		<dc:creator>CLadd</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Guerrero Gold Belt]]></category>
		<category><![CDATA[Mining In Mexico]]></category>
		<category><![CDATA[Morelos Project]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Alfonso Martinez-Vera]]></category>
		<category><![CDATA[Aurea Mining]]></category>
		<category><![CDATA[Bermejal]]></category>
		<category><![CDATA[El Limon]]></category>
		<category><![CDATA[Gleichen Resources Ltd.]]></category>
		<category><![CDATA[Gold in Mexico]]></category>
		<category><![CDATA[Goldcorp]]></category>
		<category><![CDATA[Los Filos]]></category>
		<category><![CDATA[Luisman]]></category>
		<category><![CDATA[Miranda Mining]]></category>
		<category><![CDATA[Newstrike Capital]]></category>
		<category><![CDATA[Nukay]]></category>
		<category><![CDATA[Teck]]></category>

		<guid isPermaLink="false">http://newstrikecapital.com/blog/?p=56</guid>
		<description><![CDATA[
			
				
			
		
<p>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 [...]]]></description>
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<p>The Guerrero Gold Belt (GGB) is a significant emerging gold mining district hosting a gold bearing iron skarn-porphyry mineralizing system. The district includes <a href="http://www.goldcorp.com">Goldcorp’s</a> Bermejal, Nukay and Los Filos deposits, and <a href="http://www.gleichenresourcesltd.com/s/Home.asp">Gleichen Resource’s</a> Limon-Los Guajes deposit. The GGB has an inventory of approximately 14 million ounces of gold, which continues to increase with ongoing exploration and/or mine development activities. All GGB participants are currently active in the area. <a href="http://www.newstrikecapital.com">Newstrike Capital Inc’s</a> management team was instrumental in the discovery of over eight million of those gold ounces.</p>
<p>The following is a history of mining activities with The Guerrero Gold Belt.</p>
<p><strong>1924</strong></p>
<p>Gold was discovered at Xochipala in 1924 by the Franco Urias Family. They operated a small family owned mine and mill until 1988 and a total of 360,000 Au oz were produced. Today, Xochipala remains largely unexplored by modern exploration methods</p>
<p><strong>1938</strong></p>
<p>Minera Guadalupe SA de CV began underground mining of the Nukay gold deposit. Mining operations were interrupted at the beginning of Second World War</p>
<p><strong>1947</strong></p>
<p>The original Nukay Mine went into production in 1947 as a small underground cut-and fill gold mining operation. Gold occurred in what was then described as manto and fissure filling vein deposits and about 500,000 metric tonnes of ore grading 18 gr/ton Au (290,000 Au oz) were extracted between 1947 and 1964 (historical records).</p>
<p><strong>1950-1960’s</strong></p>
<p>Several small mining operations begin operating in the area, mostly for epithermal Ag-Pb-Zn from high-grade narrow veins (El Anono, Vianey) and for amethyst and antimony (Rodeo, General).  The Todos Santos mine, a disseminated Au-Cu skarn was the first disseminated intrusion hosted gold and copper discovery made. It was drill delineated during this time by Minera Comicosa While grades and reserves for that period are not available, in the last five years of operation Comicosa did extensive exploration in an attempt to delineate sufficient reserves for a 500 tonne per day operation. They developed a non NI43-101 historical resource estimated at 1.5 million tonnes grading 1.5% Cu, 80 g/t Ag and 0.5 g/t Au. It was then that a leaching plant was</p>
<p><strong>1961</strong></p>
<p>Declining head grades and a lower gold price caused operations to cease at Nukay</p>
<p><strong>1983</strong></p>
<p>Minera Nukay SA de CV restarted mining activity at Nukay, initially with underground operations, then open pit mining and the construction of a Merrill Crowe treatment plan</p>
<p>The 47,600 hectare Morelos Mineral Reserve is created during the Administration of President Miguel de la Madrid. All claims in good standing in the area, such as where the Nukay, Xochipala and Bermejal projects are currently located, remained in the hands of private owners, as did a few other small internal claims.</p>
<p>Industrias Peñoles S.A., a major Mexican mining company acquired rights to the Bermejal area and formed a JV with Newmont Mining. Aggressive exploration was carried out between 1986 and 1993.</p>
<p><strong>1987</strong></p>
<p>Enrique Miranda forms Minera Nukay to expand the original Nukay Mine, then producing 100 tons per day from the underground mine workings. Discovery during road building of high-grade gold skarn mineralization at surface prompted opening of the Nukay open pit.</p>
<p>The Peñoles-Newmont JV announces discovery of the Bermejal gold deposit in 1987 but market conditions at the time delay further development.</p>
<p><strong>1993</strong></p>
<p>Minera Nukay is taken over by Miranda Mining Corporation (“MMC”). Mining of the Nukay and La Aguita deposits is by conventional open-pit mining methods utilizing front-end loaders and trucks.  Underground mining is carried using traditional cut and fill methods. Ore from the underground mines is trammed to the surface via a 320-metre long adit and trucked to the mill or to a stockpile at the mine site.</p>
<p>The concept of the Guerrero Gold Belt (GGB) was conceived of by then MMC chief geologist Alfonso Martinez-Vera.  MMC begins the search for a JV partner began in order to develop the larger potential of the region.</p>
<p><strong>1994</strong></p>
<p>Miranda and Teck sign a joint venture to explore and develop the Nukay open pit mine and surrounding claims. The Nukay plant is expanded.</p>
<p>The Teck-MMC JV discover skarn and intrusion hosted disseminated gold mineralization at Los Filos from</p>
<p>Peñoles-Newmont completes a prefeasibility study on their Bermejal deposit in 1994. Continuing poor market conditions leads to a negative decision and Newmont backs out of the JV.</p>
<p><strong>1995</strong></p>
<p>The Mexican government announces plans to privatize all mineral reserves in Mexico through a lottery process. The Morelos Reserve is later divided into a North and South portion by the government in preparation for sale to multiple bidders.</p>
<p><strong>1998</strong></p>
<p>Miranda and Teck entered into a joint venture agreement to bid on the Morelos National Reserve block which the Mexican Government was privatizing Morelos National Reserve blocks.  In July 1998 The joint venture company Minera Media Luna (MML) is successful in acquiring the Morelos North (26,346 ha.) block.  Morelos South (16,887 ha.) was awarded to Industrial Minera Mexico, S.A. de C.V. (&#8220;IMMSA), a subsidiary of Grupo Mexico, S.A. de C.V. (&#8220;GM&#8221;), one of the largest mining and railroad companies in Mexico.</p>
<p><strong>1998 to 2002</strong></p>
<p>The Miranda-Teck joint venture continued exploring the GGB, resulting in the discovery of a new iron skarn-gold bearing deposit, El Limón located 15 kilometres north of Los Filos.</p>
<p><strong>November 2003</strong></p>
<p>Wheaton River Minerals (Goldcorp) acquired 100% of Miranda Mining Corporation including Teck’s interest in Los Filos and 21.2% of El Limón gold deposit. At the time of acquisition, Los Filos had been explored with over 400 drill holes totaling 90,000 metres of drilling and using a cutoff of 0.5 grams of gold per tonne (&#8220;g Au/t&#8221;), estimated a measured and indicated resource of 38.4 million tonnes grading 1.44 g Au/t (1.77 million ounces) and inferred resources of 11.0 million tonnes grading 1.35 g Au/t.</p>
<p>At El Limón, Teck had completed a resource estimate based on 35 reverse circulation drill holes and 25 diamond drill holes totaling approximately 10,000 metres of drilling. Using a cut off grade of 0.8 g Au/t, inferred resources totaled 15.9 million tonnes grading 3.35.</p>
<p>The Nukay operation had produced approximately 90,000 ounces of gold over the last five years at an average cash cost of US$164 per ounce</p>
<p><strong>March 2005</strong></p>
<p><a href="http://www.goldcorp.com">Goldcorp Inc.</a> through their Mexican operating arm, Luismin, acquires of the 2.4 million ounce Bermejal Gold Deposit. Bermejal is located 2 kilometres south of Los Filos The immediate proximity to Los Filos will allow the use of a joint processing facility for ore from both deposits</p>
<p><strong>May 2005</strong></p>
<p>Aurea Mining Inc (now Newstrike Capital Inc) holder of goes public.  The Aurea team includes key players from the former Miranda Mining Corporation (MMC) team including Enrique Miranda as President and CEO, MMC chief geologist Alfonso Martinez-Vera   (presently Technical Director, Servicio Geologic Mexican and former president of the Association of Engineer, Metallurgists and Geologists of Mexico) and David Euresti-Reyna. Aurea controls 100% interest in over 81,000 contiguous hectares of highly prospective mineral claims strategically located in the Guerrero Gold Belt.</p>
<p><strong>January 2008 </strong></p>
<p>Commercial production for Los Filos commenced January 1, 2008.  The Los Filos mine consists of two open pit mines (Los Filos and El Bermejal) and underground (which was previously known as the Nukay mine) with common heap leach, wet plant and ancillary facilities.  Los Filos is forecast to produce an average of 300,000 ounces of gold per year.  <a href="http://www.goldcorp.com/operations/los_filos/">Source: Goldcorp </a></p>
<p><strong>August 2009</strong></p>
<p><a href="http://www.gleichenresourcesltd.com/s/Home.asp">Gleichen Resources Ltd.</a> entered into an agreement to acquire 78.8% of the Morelos Project including El Limón, from Teck Resources Ltd.</p>
<p><strong>December 2009</strong></p>
<p><a href="http://www.newstrikecapital.com">Newstrike Capital Inc. </a>entered into an agreement to acquire 21.2% of the Morelos Project from Goldcorp Inc. The 21.2% interest is represented by 7.2034% Class A ‘participating’ shares and by 14% Class G ‘carried’ shares in the Morelos Project. Gleichen Resources Ltd. has a right of first refusal in respect of Goldcorp’s interest in the Morelos Project; exercisable for 90 days from the date it is advised of the terms of the Newstrike agreement.</p>
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