Newmac Resources Inc.

Published : October 19th, 2009

starts diamond drilling at Crazy Fox, BC

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Keywords :   China | Coal | Diamond | Gold | Japan | Molybdenum | Newmac | Tungsten |

Newmac Resources starts Diamond drilling at Crazy Fox, BC

October 19, 2009

A Diamond drill program has commenced on the Crazy Fox project. A minimum of two Diamond drill holes will be drilled on geochemical and magnetic anomalies in an area approximately 750 metres southwest of last year's drilling on the Crazy Fox property. The area is characterized by anomalous molybdenum and tungsten soil geochemistry with abundant local granitic float. Interpretation and computer modelling by geophysicists from SJV Geophysics Inc. of magnetic data collected during the 2008 field season have suggested intrusive rocks may be block faulted near surface in this area. Examination and interpretation by company geologists have shown the anomalous soil geochemistry to coincide with two intersecting linear features believed to represent faulting.

The company is also evaluating and exploring an area 2.5 kilometres north of last year's drilling on the Crazy Fox property, where historic gold mineralization grab samples assayed 10 g/t, 21 g/t, 21.5 g/t and 27 g/t gold. This mineralization has been drilled by one short historic Diamond drill hole, which intersected from 13.4 metres to 15.2 metres of five grams per tonne gold. Two additional drill holes have been drilled in the surrounding area with all holes intersecting arsenopyrite mineralization.

The gold mineralization correlates with a linear magnetic anomaly which strikes approximately 650 metres, but the true extent is not known. The mineralization is hosted by argillite rocks which have been brecciated and also veined by quartz-arsenopyrite veins. Massive sulphide lenses of pyrrhotite-pyrite-arsenopyrite with minor chalcopyrite have also been reported to occur. The outside dimensions of the mineralization are not known, but Newmac Resources Inc. has recently completed a soil survey with rock sampling of the mineralization to detremine its extent and its potential, results from this survey will be released once they have been received.

The company has been selected to participate in the British Columbia Ministry of Energy, Mines and Petroleum Resources 2009 Asian Pacific trade mission. A total of seven companies were selected by the British Columbia Ministry of Energy, Mines and Petroleum to participate in the 2009 Asian Pacific trade mission. Newmac will be presenting at several events in China, Korea and Japan. The company will also have a booth at the China Mining Expo inside a larger British Columbia booth. The China Mining Expo is one of the world's top four mining expos. China Mining provides an excellent channel and platform for mining companies to communicate and exchange new ideas on development, investment policies, mining rights trading, exploration, technology and equipment, mining evaluation and consultancy, and sustainable development aspect. Last year, China Mining Expo attracted over 300 exhibitors, 10,000 professional visitors and 3,000 conference delegates from 45 countries.

Technical content of this news has been reviewed by David Bridge, PGeo, a qualified person within the definitions of National Instrument 43-101.

We seek Safe Harbor.


For further information please contact:

Dale Paruk
Coal Harbor Communications
Telephone: (604) 662-4505
Toll Free: 1-877-345-3399

Email: info@coal-harbor.com

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Data and Statistics for these countries : China | Japan | All
Gold and Silver Prices for these countries : China | Japan | All

Newmac Resources Inc.

CODE : NER.V
ISIN : CA6515223023
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Newmac Resources is a molybdenum and tungsten exploration company based in Canada.

Newmac Resources holds various exploration projects in Canada.

Its main exploration properties are NEWMAC PROJECT, CHILANKO PROPERTY and CRAZY FOX in Canada.

Newmac Resources is listed in Canada and in Germany. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.2 millions, € 2.0 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.02, and its highest recent level on November 26, 2010 at CA$ 4.00.

Newmac Resources has 9 716 042 shares outstanding.

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Annual reports of Newmac Resources Inc.
Annual Report 2007
Financings of Newmac Resources Inc.
9/2/2009Arranges $600,000 Private Placement
6/8/2007Arranges $700,000 Private Placement
Nominations of Newmac Resources Inc.
3/31/2008 Appoints Schmidt to President, CFO at Annual General Meetin...
Project news of Newmac Resources Inc.
11/17/2009(Crazy Fox)Crazy Fox And Moira Update
10/19/2009(Crazy Fox)starts diamond drilling at Crazy Fox, BC
9/1/2009(Crazy Fox)completes geochemical survey at Crazy Fox
9/23/2008(Crazy Fox)Drills 78 m (256 ft) of 0.10% MoS2, Mineralization now exten...
4/24/2008(Crazy Fox) High Grade Molybdenum Mineralization now Extends over 250m
3/31/2008(Crazy Fox)Drills 72 Meters of 0.41% Molybdenite, Drilling Continues wi...
1/28/2008(Crazy Fox)Drilling Commences With Two Diamond Drills First Round 2008 ...
1/28/2008(Raft Molybdenum)Raft Molybdenum Property; Optioned Chilanko Results Received
1/10/2008(Fox Molybdenum)Receives Additional Assays - Increases Intersection to 150 M...
1/7/2008(Fox Molybdenum)Reports Partial Assays of 98 Metres Grading 0.33% MoS??2??
11/14/2007(Fox Molybdenum) Drills over 500 Meters of a New Molybdenum Mineralized Zone...
10/30/2007(Chilanko Property) Discovers Red Bed Mineralization at Chilanko
9/14/2007(Chilanko Property)Begins Six-hole Drill Program At Chilanko
Corporate news of Newmac Resources Inc.
2/23/2015Resignation Of Director
2/23/2015IIROC Trading Halt - NER
2/12/2015Current Quote:
2/11/2015Current Quote:
1/13/2015Current Quote:
1/12/2015Current Quote:
8/3/2010to sample and survey Ready Mix property, Clearwater BC
6/15/2010options Ready Mix, buys property near Raft
11/4/2008to Participate in BC Asian Pacific Trade Mission
7/9/2008Drills 212 Metres of 0.08% M0S2 at Crazy Fox - Drilling Cont...
5/28/2008Drills 374 Metres of 0.12% M0S2 at Crazy Fox - Drilling Cont...
4/29/2008Acquires Work Camp: Drilling Continues with Two Diamond Dril...
3/25/2008Closes Financing with Sprott Molybdenum
12/5/2007Arranges $1-Million Financing
11/29/2007Options Moira Molybdenum Property near Clearwater, BC
11/28/2007Negotiates $2.5 Million Financing
8/2/2007Tungsten And Molybdenum Mineralized Area Increases At Crazy ...
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