Last C$1.05 CAD
Change Today +0.01 / 0.96%
Volume 47.9K
NES On Other Exchanges
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As of 3:44 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

newstrike capital inc (NES) Snapshot

Open
C$1.05
Previous Close
C$1.04
Day High
C$1.05
Day Low
C$1.03
52 Week High
03/20/14 - C$1.16
52 Week Low
11/25/13 - C$0.53
Market Cap
120.7M
Average Volume 10 Days
62.6K
EPS TTM
C$-0.05
Shares Outstanding
114.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWSTRIKE CAPITAL INC (NES)

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newstrike capital inc (NES) Details

Newstrike Capital Inc., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company primarily explores for the gold and silver ores. It holds 100% interests in the Ana Paula project covering 88,952 contiguous hectares, as well as 4 mineral claims covering 7,622 hectares located in the Guerrero Gold Belt; and approximately 26,000 hectares in 2 claims in Oaxaca State. The company was incorporated in 2000 and is based in Vancouver, Canada.

Founded in 2000

newstrike capital inc (NES) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: C$144.0K
Chief Financial Officer
Total Annual Compensation: C$111.0K
Vice President of Project Development
Total Annual Compensation: C$227.5K
Vice President of Exploration
Total Annual Compensation: C$181.5K
Compensation as of Fiscal Year 2013.

newstrike capital inc (NES) Key Developments

Newstrike Capital Inc. Announces Preliminary Economic Assessment on Ana Paula Project Located in the Prolific Guerrero Gold Belt, Mexico

Newstrike Capital Inc. reports the results of an independent technical report developed in accordance with CIM guidelines for a National Instrument 43-101 Preliminary Economic Assessment on its Ana Paula Project located in the prolific Guerrero Gold Belt, Mexico. Base Case at $1,300 Au & $20 Ag per ounce. Pre-tax NPV@5% of $405.3 million, IRR of 47.5% with a 2.0 year payback. After-tax NPV@5% of $232.1 million, IRR of 32.8% with a 2.4 year payback. Initial capital costs of $163.9 million (Total life-of mine ("LOM") - $219.7 includes sustaining/closure costs of $55.8 million and contingency costs of $36.2 million). Open pit mine with 6,000 tonne per day ("tpd") gravity/flotation/CIL process plant. Cash costs of $527/oz gold, $486/oz gold Net of By-Product credits. All-in sustaining costs ("AISC") of $567/oz gold, $526/oz gold Net of By-Product credits and Average annual production of 116,000 gold ounces and 239,000 silver ounces over a 8.2 year mine life. LOM average head grades of 2.24 g/t gold and 6.89 g/t silver. LOM gold and silver recoveries of 75% and 50%, respectively and LOM strip ratio of 2.60 to 1 of waste to mineralized material.

Newstrike Capital Reports In-Pit Heap Leach Gold Recovery at the Ana Paula Project in Guerrero, Mexico

Newstrike Capital Inc. reported a column leach metallurgical result from a composite sample supporting heap leach extraction potential within the low-grade breccia zone at Ana Paula. Although sulfide mineralization at Ana Paula is not generally amenable to heap leaching, significant gold recovery at 84.1% was obtained from a representative composite sample from two drillholes, AP-11-36 and AP-13-213 selected from within the Maiden resource floating cone pit. The representative composite sample was selected to test the leaching capability of the low grade breccia zone, a predominantly intrusive unit located in the southwest portion of the floating cone pit and separate from the high grade breccia zone. Composite 4 is from a sample of altered intrusion that has not been fully delineated by drilling and that displays a level of oxidation greater than compared to most of the Ana Paula deposit. The sample was prepared from 56.28 metres of drill core, weighing about 88 kilos when submitted for metallurgical testing to internationally recognized and accredited SGS Metcon/KD Engineering of Tucson, Arizona.

Newstrike Capital Inc. Discovers New Gold Silver Mineralization at Oaxaca Project

Newstrike Capital Inc. announced results of a successful exploration program on its Ejutla Property located in Oaxaca State, Mexico. Three significant mineralized structural corridors, each host to extensive gold and silver bearing low sulphidation epithermal veins, have been identified. Ejutla comprises the 18,866 hectare Ejutla Fracc. 2 claim block, owned by Newstrike with no royalties and located 45 kilometers south of the capital city of Oaxaca de Juarez. The Property is in the region of Fortuna Silver's producing San José-Trinidad mine 20 kilometres to the west of Ejutla and Gold Resources' El Águila mine 25 kilometres to the east, as well as several other Canadian exploration projects. The Company is completing a NI 43-101 compliant technical report on the Property that will include recommendations for drilling. The Report will be completed shortly. The three structural corridors discovered on the Property during mapping and sampling programs consist of a series of northwest trending fracture zones that display important northerly and north-easterly trending splays, each filled by mineralized felsic dikes and/or by complex sub-parallel mineralized low sulphidation banded epithermal quartz and quartz-calcite veins and vein systems typical of structures in the surrounding Taviche Mining District. Individual veins vary in thickness from a few centimetres to as much as ten metres and are separated by a host wallrock that displays extensive argillic alteration and silicification. One of the structural corridors, "Las Casas", located in the western half of the Property, has been explored most extensively to date and mapped in detail over an eight kilometre strike length with outcrop evidence suggesting it exceeds ten kilometres along strike and is as much as three kilometres in width. Vein textures and geochemistry are typical of those encountered in the boiling zones of epithermal systems or just above the boiling zone, indicating the higher parts of the mineralized system are exposed at surface. This location is an ideal scenario for the preservation of potential metal lodes at depth. Mapping is ongoing to advance the other two structural corridors both of which exceed several kilometres along strike and vary from one to two kilometres in width. The company will evaluate the recommendations in the Report in order to select the targets and scope of work for future focused exploration programs.

 

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