Newmac Resources Inc.

Published : April 29th, 2008

Acquires Work Camp: Drilling Continues with Two Diamond Drills

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News Release

April 29, 2008

 

Newmac Acquires Work Camp; Drilling Continues with Two Diamond Drills

 

Newmac Resources Inc. (TSX-V: NER) is pleased to announce that drilling continues with two diamond drills on the Crazy Fox Molybdenum Project, located 100 km North of Kamloops, British Columbia.  In an effort to establish a permanent camp on the property, so as to be able to operate year round and efficiently deploy various crews on the property, Newmac is pleased to announce the purchase of a fishing lodge on the company’s mineral property.

 

Newmac has entered into an agreement with a wholly owned subsidiary, whereby the numbered company has purchased a fishing camp lease located on Tuloon Lake.  The camp is ideally located right on Newmac’s Crazy Fox property and consists of 9 cabins, a lodge, a workshop, and other facilities.  The camp can currently accommodate up to 30 people, and has ample room for expansion.  The company has negotiated a purchase price of $835,000, which the company believes is fair market value, and will allow Newmac to explore the Crazy Fox property year round.  Drilling and exploration of the property will hereafter be conducted in a more efficient manner, and the cost of operating the camp should be significantly cheaper than the company’s current accommodations, located one and a half hours from the property.

 

Respectfully submitted                                    

ON BEHALF OF THE BOARD                           

 

“David Schmidt”

David Schmidt

President

Telephone (604) 688-3113

 

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. 

 

THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Dale Paruk

Coal Harbor Communications Inc.

Suite 701, 555 Jervis Street

Vancouver BC

Canada V6E 4N1

 

Tel: 604-662-4505

Fax: 604-662-4547

 

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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