Newmac Resources Inc.: Additional Assays Received 150 Metres Grading 0.29% MoS2 Intersected
January 10 2008 - 7:30AM
Marketwired Canada
Newmac Resources Inc. (TSX VENTURE:NER)(FRANKFURT:N3M) is pleased to announce
that it has now received all assays from diamond drill hole CF07-41, drilled on
the southwestern region of the Crazy Fox property located in south-central
British Columbia one hundred kilometers north of the City of Kamloops.
Hole CF07-41 penetrated a low angle (thrust) fault at approximately 390 m (1280
feet) which elsewhere, forms the lower limit to molybdenum-tungsten
mineralization. Below this fault, CF07-41 encountered mineralized intrusive
rocks to the bottom of the hole at a depth of 1021m (3349 feet). Complete
results for the hole are as follows:
Hole From To Interval Interval MoS2 Mo W
07-41 (m) (m) (m) (ft) (%) (%) (%)
Intercept 400.7 830.7 430 1410 0.17 0.10 0.01
Including 646.7 796.7 150 492 0.29 0.18 0.01
Including 708.7 756.7 48 157 0.48 0.29 0.01
Including 708.7 722.7 14 46 0.96 0.58 0.01
Hole CF07-41 was designed to test the hypothesis that the lower limits to
mineralization was a thrust fault and that a drill hole in the south western
portion of the known mineralized body would intersect mineralized intrusive rock
in the lower plate of the thrust extending the prospective area of
molybdenum-tungsten mineralization for an unknown distance to the west, south
and to depth.
The mineralization encountered can be described as both disseminated and
stockwork in style, with molybdenite and wolframite occurring as disseminated
blebs and streaks and in the selvages of centimeter scale quartz veinlets and
smaller fractures trending in several orientations. Occasional veinlets of
massive molybdenite up to several centimeters in width have also been noted.
Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver, B.C., a
certified facility, using a phosphoric acid leach with ICP-ES spectrometry
methods.
Newmac is preparing for an aggressive drill program, which will commence around
January 15, 2008. More details on this program will be released, as they become
available.
A number of photographs of the mineralization encountered have been posted to
the company's website: www.newmacresources.com.
Technical content of this news has been reviewed by W. A. Howell, PGeo, a
qualified person within the definitions of National Instrument 43-101.
Respectfully submitted
ON BEHALF OF THE BOARD
David Schmidt, Director
This news release contains forward-looking statements within the meaning of the
"safe harbour" provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to risks and uncertainties
and other factors that may cause Newmac Resources Inc.'s results to differ
materially from expectations. These include risks relating to market
fluctuations, property performance and other risks. These forward-looking
statements speak only as of the date hereof.
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