Gold loses some luster after Trump’s decisive win
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Newstrike Capital Inc. (TSX-V:NES) said drilling continues to intercept and expand on the gold discovery at the company’s 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB), Mexico.
Step-out drilling continues to intercept multiple mineralized intervals in all drill holes completed to date, and has expanded the area of mineralization to 700 by 1100 meters. Mineralization continues to remain open in all directions and at depth; including 23.92 meters of 1.3 g/t Au and 3.9 g/t Ag in hole AP-11-24 located about 100 meters west and south of previous drilling, and 11.55 meters of 2.1 g/t Au and 2.2 g/t Ag in hole AP-11-26 located to the west and north of previous drilling. Additionally, an intercept of 42.25 meters of 1.1 g/t Au and 5.7 g/t Ag in hole AP-11-29 is located about 150 meters west of the central portion of the drilled area and west of Goldcorp Inc. drill hole AP-05-01. Holes AP-11-27 and AP-11-30 are both step out holes located furthest south of previous drilling. The intercepts from these two holes includes 19.50 meters of 0.4 g/t Au and 6.3 g/t Ag in AP-11-27 and 1.85 meters of 1.0 g/t Au and 2.4 g/t Ag in AP-11-30.
The best intercept from this series of drillholes is 52.63 meters of 6.9 g/t Au and 8.1 g/t Ag in AP-11-33, located about 100 meters south and east of AP-10-19 and 20. Drillhole AP-11-33 was oriented to the northeast to test the up-dip portion of the mineralized complex breccia intercepts in AP-10-19 and 20. Those drill holes averaged 214.00 meters of 3.0 g/t Au and 5.5 g/t Ag in AP-10-19 and 275.46 meters of 1.4 g/t Au and 1.7 g/t Ag in AP-10-20 as announced previously on January 18th and 25th, 2011.
For a table showing highlight of drill results and for more information click here
