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Abstract
The joint venture has approved a $530,000 exploration budget and today a diamond drill program has commenced to initially target the HG zone and Commodore deposit, interpreted as being controlled by the Upper Canada Break, a prominent gold structure that traverses the south-central portion of the property for 3 km, that hosts both the Commodore deposit and HG zone (see attached surface plan). This first phase, 3,800 m program, will follow-up and expand both the Commodore and HG mineralization and begin to test a 1.5 km section along the Upper Canada Break located between the two known zones of mineralization. The Upper Canada Break has recently become more significant as a result of Queenston's drilling on their neighboring Upper Canada Mine property where they have announced the potential for a bulk tonnage-open pit resource (see Queenston news release dated October 1, 2009). Attached to this news release is a plan of the joint venture property highlighting the primary exploration target to be tested with the first phase of drilling. The plan is also available on Newstrike's website at www.newstrikeresources.com and Queenston's web site at www.queenston.ca