Newstrike Resources Ltd.

Published : February 21st, 2015

More Work Planned for Newstrike’s Kirkland lake East Property

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Keywords :   Diamond | Gold |

More Work Planned for Newstrike’s Kirkland lake East Property

Microsoft Word - Newstrike-PR-Feb20-2009.doc

Newstrike Resources Ltd
Trading Symbol: NR - TSX Venture Exchange
Toronto, February 20, 2009

More Work Planned for Newstrike's Kirkland lake East Property

Over the past year Newstrike has conducted an aggressive exploration program on their newly acquired Kirkland Lake East property. Known as the Morris Kirkland, this gold property was last worked during the period 1936 to 1941 as described in a release dated September 15, 2008.
Since last summer work including outcrop stripping, mapping, sampling for gold, Diamond drilling and geophysical survey work has been completed on the favourable rock unit of the property.
Most of the rock stripping was completed over terrain which overlies the underground workings at the east end of the property. Within the favourable trachyte volcanic rock unit, a narrow mineralized zone consisting of 15 to 20 % disseminated pyrite was detected along a shear zone striking north 30'east for about 50 metres. Subsequently, an area, including the mineralization, averaging about 5 metres wide for 50 metres long was sampled by vertical drill holes at one metre intervals. Gold assays from the cuttings indicate a discontinuous zone about two metres wide. The highest assays came from the south end of the zone where a trench was established to expose fresh rock.
Beneath the trench three sections of closely spaced holes were drilled along a length of 20 metres to establish a grade for the mineralized zone. It was determined that the mineralization dips steeply, lacks continuity and contains low gold values, i.e. 5.5 g/t over 2.0 m and 1.2 g/t over 6.0 m.
To the west, 150 and 350 metres respectively, two short holes were drilled to test observed mineralization in stripped rock exposure. No significant values were encountered. In all 600 metres were drilled in eight holes.
In late fall the central portion of the property which hosts the favourable trachyte volcanic rock was covered by an induced polarization survey. Further study and evaluation of the survey is required to determine if targets for gold mineralization have been identified.
For most of the property the induced polarization survey constitutes the only formal exploration of the favourable rock unit. A regional airborne magnetic survey shows that the structures that are associated with the gold mineralization, specifically, faults trending north 30' east, cross the west sector of the property at three separate locations. These features have not yet been explored and should be prospected when conditions permit.
The writer is the qualified person responsible for the project planning, verification of the information and data in this release and is satisfied that the information meets the appropriate standards.
R.J. Bradshaw, P.Eng. Economic Geologist
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For additional information visit www.newstrikeresources.com or
Contact: Donald Rankin, Director, Newstrike Resources Ltd (416) 6286556

Read the rest of the article at www.noodls.com

Newstrike Resources Ltd.

EXPLORATION STAGE
CODE : NR.V
ISIN : CA6525081023
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Newstrike Res. is a gold exploration company based in Canada.

Newstrike Res. holds various exploration projects in Canada.

Its main exploration properties are COMMODORE PROPERTY, JEAN PROPERTY and FALCONBRIDGE in Canada.

Newstrike Res. is listed in Canada. Its market capitalisation is CA$ 7.9 millions as of today (US$ 6.0 millions, € 5.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.04, and its lowest recent point on February 26, 2016 at CA$ 0.02.

Newstrike Res. has 54 220 000 shares outstanding.

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Financings of Newstrike Resources Ltd.
10/17/2013Closes Final Tranche of Private Placement Financing
10/11/2013Increase in Private Placement Financing
10/11/2013Closes First Tranche of Private Placement Financing
10/2/2013Announces Private Placement Financing
5/13/2011Announces Private Placement
Option Grants of Newstrike Resources Ltd.
6/7/2011Grants 140,000 options
Nominations of Newstrike Resources Ltd.
8/27/2013Resignation and Appointment of Director
Corporate news of Newstrike Resources Ltd.
9/3/2015Newstrike Announces Retirement of CEO John A. Pollock
4/18/2015Newstrike Resources Ltd. Announces Acquisition of Patented C...
3/27/2015Newstrike Resources Ltd. Announces Completion of $140,000 Pr...
3/27/2015Newstrike Resources Announces $140,000 Non-Brokered Private ...
2/21/2015Newstrike and Gowest Option Timmins, Ont Mineral prospect fr...
2/21/2015More Work Planned for Newstrike’s Kirkland lake East Propert...
2/21/2015News Release
12/9/2014Newstrike Resources Ltd. Options New Mineral Prospect
12/9/2014Corporate Update
12/9/2014Newstrike Resources Ltd. to Early Adopt IFRS in Fiscal 2011
12/9/2014News Release
12/9/2014Newstrike Resources Ltd. Announces Grant of Options
12/9/2014Newstrike and Queenston JV Report First Phase Drill Results ...
4/22/2014Newstrike Resources Ltd. Resignation of Director
10/25/2012Announces Confirmation of Banded Iron Formation on Its Wyomi...
9/28/2012Announces Grant of Options
7/18/2011Northern Shield Acquires Two New PGE Properties in the Labra...
6/29/2011Northern Shield Completes Private Placement for Gross Procee...
6/6/2011Northern Shield increases land holdings at Wabassi, 7,700 li...
6/2/2011Announces Diamond Drilling Exploration Work on Horseshoe Lak...
6/2/2011Northern Shield to Drill Highbank Lake
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