Commodities face contagion as global market meltdown deepens
For commodities linked to industrial cycles, such as copper, a hard-landing scenario would put fresh pressure on bulls.
PhotoSat has completed digital elevation mapping of Newstrike’s Ana Paula gold deposit in Guerrero State, Mexico, using stereo satellite photos from WorldView-2, one of the world’s newest commercial high resolution imaging satellites. The WorldView-2 satellite is owned by DigitalGlobe of Longmont Colorado, the world’s largest commercial satellite company. The digital elevation map consists of an elevation point every metre and contours with 1m elevation intervals. Based on comparisons between the stereo satellite elevation mapping and thousands of ground survey points on similar projects, the accuracy of the stereo satellite elevation mapping for areas of bare ground is expected to be better than 50cm. The stereo satellite elevation mapping will be used for project planning and engineering studies for the Ana Paula gold deposit.
“We are delighted to have the opportunity to be able to provide the newest high resolution stereo satellite photos and elevation mapping technology to advance Newstrike’s Ana Paula gold project in Guerrero, Mexico. Ana Paula is an exciting advanced stage gold exploration project that should provide significant economic benefits to Newstrike and to this region of Mexico.” says PhotoSat president Gerry Mitchell.
For more information about PhotoSat’s stereo satellite mapping accuracy case studies, click here.
About PhotoSat
PhotoSat is a team of geophysicists and associated geoscientists specializing in the computer processing of high definition elevation data from stereo satellite photos. These detailed elevation maps are used for the identification, evaluation, and monitoring of natural resources and the planning and design of resource development projects and their related facilities and infrastructure. Our goal is to provide satellite photos and derived high definition elevation and other datasets that enable decision makers in the resource industries to make better decisions in less time. Our principal clients are mining, oil and gas, engineering and environmental companies and government agencies. For more information about PhotoSat click here.
About Newstrike (TSXV:NES)
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors have participated in all the Guerrero Gold Belt discoveries, including Goldcorp Inc.’s producing Los Filos Mine and Torex Gold Resources advanced stage Morelos Project in Guerrero State.
Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the Au (Ag-Cu) skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich epithermal camp of the mining districts of Oaxaca State. For more information about Newstrike click here.
