Newstrike Resources Ltd.

Newstrike Resources Ltd.

July 09, 2007 09:00 ET

Newstrike Resources Ltd. to Commence Drilling on Cunningham Property

TORONTO, ONTARIO--(Marketwire - July 9, 2007) - Newstrike Resources Ltd. (TSX VENTURE:NR) ("Newstrike" or the "Company") is pleased to announce it will commence diamond drilling this week on the Cunningham Property located in Holmes Township, Ontario.

The Company can earn a 100% interest in the property by making cash payments totaling $238,000 and incurring exploration expenditures of $238,000 on the property over a four year period.

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.

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

Contact Information

  • Newstrike Resources Ltd.
    Donald Rankin
    (416) 628-6556