Newstrike Resources Ltd.
TSX VENTURE : NR

Newstrike Resources Ltd.

February 20, 2008 12:14 ET

Newstrike Signs Drilling Contract For Property in British Columbia

TORONTO, ONTARIO--(Marketwire - Feb. 20, 2008) - NEWSTRIKE RESOURCES LTD. (TSX VENTURE:NR) ("Newstrike") has signed a diamond drilling contract to drill 3,000 meters of exploratory holes on its optioned property in British Columbia. Newstrike has the option to acquire a 100% interest in this 11,680 hectares property located 100 kms northwest of Fort St. James, British Columbia and approximately 30 km south of the recently drilled Kwanika Creek Cu-Au property of Serengeti Resources Inc.

Prior work on the property consisted of soil geochemistry, induced polarization surveys and percussion and diamond drilling. Three zones of Cu-Mo mineralization were defined by this work.

Eight Diamond drill hole locations were prepared during the 2007 field season. Drilling will begin when weather conditions permit, probably during the last week in May 2008.

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

Contact Information

  • NEWSTRIKE RESOURCES LTD.
    Donald Rankin
    Director
    (416) 628-6556
    or
    NEWSTRIKE RESOURCES LTD.
    Barrie Hancock
    Director
    (604) 685-5420