Newstrike acquired the ‘Ana Paula´ project from Goldcorp in June 2010. Ana Paula is an advanced-stage gold exploration project, covering 7,622 hectares over 4 mineral claims in the established Guerrero Gold Belt. Ana Paula is central to Newstrike´s 88,000 hectares in the GGB and forms part of a district scale mining camp that is host to Torex Gold´s ‘Morelos Project´ and to Goldcorp´s producing ‘Los Filos´ project.
Goldcorp´s recent exploration and drilling of Ana Paula confirms the gold mineralization potential of the area. Over an area of 2 km by 1 km that remains open along strike and in all directions, Goldcorp identified significant anomalous gold at surface that is within a comparable geological setting to other GGB deposits (click here to download map). In 2005 Goldcorp drill tested this mineralized area with an 11-hole diamond drilling program. Assays from each hole encountered gold mineralization confirming the continuity of gold mineralization at surface (see Table 1 below )*.
|Hole||From||To||Interval M||Au g/t|
Assays from Ana Paula confirm a style of mineralization that is consistent with other GGB gold bearing iron skarn-porphyry discoveries. Gold targets within the Ana Paula project are advanced-stage prospects with potentially economic gold grades intercepted in diamond drill holes and from collected surface samples.
Newstrike has advanced its exploration program at Ana Paula to include a minimum 5,000 meter drill program for the remainder of 2010 and into the first quarter of 2011. The purpose of this initial drilling program will be to confirm and verify Goldcorp´s past results and to test the geometry and geology of known mineralization. On positive results, Newstrike will continue its drilling program with a combination of ‘step-out´ and ‘infill´ (delineation) holes to expand the area of known mineralization.
Click here to see the progress of present drilling activities
*Exploration results are summarized from a NI43-101 technical report prepared by Mr. Bob Lunceford, CPG, MSc and independent qualified person under NI43-101 (the QP). The report, titled "Geological Report And Summary Of Field Examinations, Ana Paula Project, Municipalities Of Cuetzala Del Progreso, Apaxtla Del Castregon, Guerrero State, México " is available for viewing on this website or on the relevant company page on Sedar. The report was compiled from Goldcorp´s Mexican subsidiary, Desarrollos Mineros de San Luis S.A. de C.V. (DMSL), technical database created during the course of exploration between 2004 and 2008. This database was obtained as part of the Ana Paula acquisition agreement and was reviewed and verified by the QP during a field visit performed on March 22-23rd, 2010 and during the preparation of the technical report. This summary relates to current thinking based on the existing database and on the current state of knowledge of the GGB mineralizing environment and may vary and evolve as exploration progresses.