This tells you what sort of market we're in when you get these kind of results and the stock barely moves. NES is one of my few remaining positions and the only one with a horizon longer than six months, although if they keep pulling holes like this they probably won't be around that long.

ebear

Newstrike Capital Intersects 135.40 Meters Of 5.57 G/T Au And 75.30 Meters Of 4.42 G/T Au At The Ana Paula Project
November 23, 2011

Vancouver, B.C., November 23rd, 2011 - Newstrike Capital Inc. (TSXV: NES) ("Newstrike" or the "Company") is pleased to announce the latest drill results received from the ongoing 2011 drill program at the Company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB). This series of drill holes all intersected multiple closely spaced intervals of gold mineralization over extended mineralized intersections and are from a program focused on delineating the boundaries of the high grade Breccia Zone.

Highlights from this series include:

Drill hole AP-11-69 intersected multiple intervals including 11.47 meters of 1.48 g/t Au, 48.00 meters of 0.52 g/t Au, 18.00 meters of 0.91 g/t Au, 34.36 meters of 0.57 g/t Au and 28.47 meters of 1.12 g/t Au.

Drill hole AP-11-70 intersected strong mineralization over multiple intervals. Some of the better intervals include 47.20 meters of 1.78 g/t Au, including 10.2 meters of 6.52 g/t, Au, 132.85 meters of 1.50 g/t Au, 122.00 meters of 0.67 g/t Au and a high grade interval of 33.00 meters of 12.39 g /t Au.

Drill hole AP-11-71 intersected high grade mineralization including 75.30 meters of 4.42 g/t Au and 135.40 meters of 5.57 g/t Au that includes 1.15 meters of 305.15 g/t Au.
Drill hole AP-11-72 also intersected multiple intervals including 40.54 meters of 3.86 g/t Au that also includes 20.87 meters of 7.79 g/t Au. Other intervals include 34.16 meters of 1.82 g/t Au including 1.50 meters of 17.20 g/t Au.

more at: http://www.newstrikecapital.com

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