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NES

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Share Name Share Symbol Market Type
TSXV:NES TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Newstrike Capital Inc.-ZTEM Geophysical Survey Identifies New Exploration Potential at Aurea Norte, Guerrero, Mexico

09/09/2013 6:39pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") is
pleased to report that a recently completed ZTEM airborne geophysical survey
flown over the Company's Aurea Norte property has successfully identified
several high priority anomalies on a parallel trend with its flagship gold
deposit at Ana Paula. The survey covered an area known as the San Luis Trend, an
important structural corridor over ten kilometres in length that has returned
anomalous assays from widespread near-surface gold mineralization. 


"Preliminary ZTEM results have identified several 'blind' exploration targets
that coincide with favourable GGB ("Guerrero Gold Belt") style surface
alteration in outcrop that includes iron oxide alteration, jasperoid breccia,
silicified intrusion and skarn with associated anomalous gold values. The survey
results will be used to focus exploratory drilling along this prospective trend.
In addition, several new targets were identified outside this trend that will
continue to be investigated as exploration advances," said Gillian Kearvell, V.P
Exploration.


A 5,000 metre exploratory drill program is expected to commence shortly that
will complement the exploration activity at Aurea Norte over the past year. 


Geotech Ltd of Aurora, Ontario, Canada was contracted to survey approximately
250 square kilometres encompassing 1,298 flight line kilometres flown at a line
spacing of 200m. The ZTEM survey is recognized for its ability to map
resistivity contrasts associated with the structure and alteration typically
associated with porphyry-skarn deposits or with structurally controlled
epithermal deposits. ZTEM is capable of penetrating to depths from one to two
kilometres and is useful in identifying "blind" exploration targets (a buried
target that does not outcrop at surface). 


The objective of the Aurea Norte survey was to locate potentially buried
intrusive bodies associated with the GGB mineralization model and to confirm
controlling structures along the mineralized San Luis Trend. The new anomalies
identified by the ZTEM survey include resistivity contrasts typical of buried
silicified intrusions and with alteration commonly associated with
porphyry-skarn and epithermal style deposits. See the company website for maps
from this survey.


Exploration activities are currently focused on advancing the project pipeline
around the Company's flagship Ana Paula project, The Ana Paula project is
located internal to and surrounded by the 59,587 hectare Aurea Norte property. 


The Ana Paula project is host to a structurally controlled epithermal style gold
deposit with a pit constrained resource(i) of 44.8 million tonnes that includes
2.25 million ounces of contained gold and 10.8 million ounces of contained
silver in all categories at a weighted average grade of 1.56 grams per tonne
gold and 7.5 grams per tonne silver (NI-43-101 technical report filed May 8th,
2013, available on the company website or at www.sedar.com). (i)(applying cutoff
grade of 0.45 grams per tonne gold equivalent (AuEq) defined by the price, cost
and recovery assumptions).


The mineralization at Ana Paula follows a north trending structural corridor
that lies to the west of and is parallel to the San Luis Trend. The deposit at
Ana Paula was included in the ZTEM survey area to provide a case study and model
for ongoing exploration.


The GGB is an established gold mining district that hosts to skarn and
epithermal gold deposits located in a mining friendly jurisdiction that offers
ample infrastructure, including roads, power, water and ports of access.


Ken Thorsen, a director of the company and a qualified person under NI43-101 has
reviewed the contents of this press release. Drill programs and all project
operations are conducted under the direction and supervision of Dr. Craig
Gibson, PhD, CPG and a qualified person under NI43-101.


About Newstrike (TSX VENTURE:NES)

Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and
historic mining districts in Mexico. Key senior members of the Company's current
management and directors have participated in 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) porphyry-skarn
camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich
epithermal camp of the mining districts of Oaxaca State.


Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV) has reviewed, nor
do they accept responsibility for the adequacy or accuracy of, this release.


Certain of the statements made in this news release contain forward-looking
information within the meaning of applicable Canadian securities law. Material
forward-looking information includes, but is not limited to statements or
information with respect to the resource estimate and potential future
exploration and development results and results of studies in respect of the
Company's Ana Paula Project. We have made numerous assumptions about the
material forward-looking information contained herein, including among other
things, that prices of gold and silver will remain relatively stable, that
applicable permits will be obtainable and that any required financing will be
available on reasonable terms.. Even though our management believes that the
assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that the forward-looking
statement or information will prove to be accurate. Forward-looking information
by its nature involves known and unknown risks, uncertainties and other factors
which may cause the actual results to be materially different from any future
results expressed or implied by such forward-looking information.

Such risks, uncertainties and other factors include, among others, the
following: the inherent risks and uncertainty involved in the exploration and
development of mineral properties; the uncertainties involved in interpreting
drill results and other exploration data; the potential for delays in
exploration or development activities; the geology, grade and continuity of
mineral deposits; the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations; accidents,
equipment breakdowns, labor disputes or other unanticipated difficulties with or
interruptions in production and operations; fluctuating prices of metals and
other commodities; currency fluctuations; the possibility of project cost
overruns or unanticipated costs and expenses; uncertainties relating to the
availability and costs of financing needed in the future; the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses; regulatory restrictions, including environmental regulatory
restrictions and liability; competition and loss of key employees; political
instability in Mexico; the availability of key equipment; the risk of disruption
from non-governmental organizations; risks relating to our common shares and the
public markets. Should one or more of these risks, uncertainties or other
factors materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking information.
Although we have attempted to identify factors that would cause actual results
to differ materially from those described in forward-looking information, there
may be other factors that cause actual results, performances, achievements or
events to not be as anticipated, estimated or intended. Also, many of the
factors are beyond our control. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly you
should not place undue reliance on forward-looking information. Except as
required by law, we do not expect to update forward-looking information as
conditions change and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities regulatory
authorities in Canada.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Newstrike Capital Inc.
Richard Whittall
Director, President & CEO
(604) 605-4654
(604) 806-6112 (FAX)
www.newstrikecapital.com
http://newstrikecapital.com/blog

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