Newstrike Capital
Encyclopedia
Newstrike Capital Inc. is a Canadian junior mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...

 exploration company headquartered in Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...

, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...

. It operates in the State of Guerrero
Guerrero
Guerrero officially Estado Libre y Soberano de Guerrero is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 81 municipalities and its capital city is Chilpancingo....

 and the State of Oaxaca
Oaxaca
Oaxaca , , officially Estado Libre y Soberano de Oaxaca is one of the 31 states which, along with the Federal District, comprise the 32 federative entities of Mexico. It is divided into 571 municipalities; of which 418 are governed by the system of customs and traditions...

, Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

 and focuses on gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

 and silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 exploration targeting known and historic mining districts in Mexico.

History

In March 2008, Newstrike Capital Inc. entered into the mineral exploration
Mineral exploration
Mineral exploration is the process of finding ore to mine. Mineral exploration is a much more intensive, organized and professional form of mineral prospecting and, though it frequently uses the services of prospecting, the process of mineral exploration on the whole is much more involved.-Stages...

 and development sector when it combined with Aurea Mining Inc., a former Canadian mineral resource company.

In June 2008 Newstrike Capital Inc. officially acquired Aurea Mining and in October 2008 was accepted for filing in the TSX Venture Exchange
TSX Venture Exchange
The TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta and has offices in Toronto, Vancouver, and Montreal. All trading through the Exchange is done electronically, so the Exchange does not have a "trading floor"...

.

Through Aurea Mining Inc., Newstrike Capital Inc. obtained over 158,000 hectares of mineral claims in the State of Guerrero, a gold bearing oxidized iron
Iron
Iron is a chemical element with the symbol Fe and atomic number 26. It is a metal in the first transition series. It is the most common element forming the planet Earth as a whole, forming much of Earth's outer and inner core. It is the fourth most common element in the Earth's crust...

 skarn
Skarn
Skarn is an old Swedish mining term originally used to describe a type of silicate gangue, or waste rock, associated with iron-ore bearing sulfide deposits apparently replacing Archean age limestones in Sweden's Persberg mining district. In modern usage the term "skarn" has been expanded to refer...

-porphyry
Porphyry (geology)
Porphyry is a variety of igneous rock consisting of large-grained crystals, such as feldspar or quartz, dispersed in a fine-grained feldspathic matrix or groundmass. The larger crystals are called phenocrysts...

 camp (known also as the Guerrero Gold Belt) and in the State of Oaxaca, a polymetallic Ag
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

-Au
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

-Cu
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 rich epithermal camp.

Corporate Governance

The current boards of Directors are: Richard O'C. Whittall, Ken Thorsen, Robert K. Withers, and Kevin Rathbun.

Ana Paula

Newstrike Capital Inc. acquired ‘Ana Paula’, an advanced-stage gold exploration project from Goldcorp
Goldcorp
Goldcorp Inc. is a gold producer headquartered in Vancouver, British Columbia, Canada. Goldcorp has 16 operations and development projects in 6 countries across the Americas....

in June 2010. It covers 7,622 hectares over 4 mineral claims in the established Guerrero Gold Belt.

Aurea Norte

An early stage project in the northwest extension of the Guerrero Gold Belt covering a total of 59,637.19 hectares.

Aurea Sur

The early stage Aurea Sur exploration project consists of four claims totaling 21,742.42 hectares. The project lies to the west of the Guerrero Gold Belt and is contiguous with the Aurea Norte project to the north.

Oaxaca

This early stage project is located southeast of the City of Oaxaca and totals over 26,000 hectares.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK