Newstrike Resources Ltd.
TSX VENTURE : NR

Newstrike Resources Ltd.

September 24, 2007 10:51 ET

Newstrike Resources-Exploration Update

TORONTO, ONTARIO--(Marketwire - Sept. 24, 2007) - NEWSTRIKE RESOURCES LTD. (TSX VENTURE:NR) ("Newstrike") is pleased to announce preliminary results of the 2007 exploration program on the 14,000 hectare Jean Property within the Omineca Mining District, British Columbia. The Jean property hosts copper, gold and molybdenum mineralization, as previously reported.

Eight diamond drill sites with access roads were prepared over prominent soil geochemical and IP anomalies in a program of stripping and trenching that exposed altered volcanic units on strike and up sections from the A, B and C zones.

Mapping and sampling of road cuts and stripped sections within, a two square kilometer area has exposed shattered and altered volcanic units, with disseminated sulphide, that are cut by felsic and mafic dykes, with disseminated pyrite, chalcopyrite and arsenopyrite.

Seventeen chip samples, over width, from dykes and shear zones, were submitted to Eco Tech Laboratories of Kamloops for analysis by ICP methods (cal AK-2007-1311) and fire assay.

A section of felsic dyke within the altered zone assayed 7.16% copper, 97.9 g/t silver and 24 ppm molybdenum over 0.4 metres, while a sheared volcanic section with arsenopyrite, assayed 21.0 g/t gold and 2500 ppm copper over 0.2 metres.

A diamond drill program to test the altered anomalous zones at depth has been postponed due to extremely wet conditions that render the roads impassable in this terrain.

The technical content of this news release has been reviewed by Barrie Hancock B Sc, P Eng, a qualified person for NR under the guidelines of National Instrument 43-101.

Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

13,811,800 outstanding common shares

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Newstrike Resources Ltd.
    John A. Pollock P. Eng
    (416) 628-6556
    or
    Newstrike Resources Ltd.
    D.T. Rankin
    (416) 628-6556
    (416) 628-5911 (FAX)