News Release
January 28, 2008
Drilling Commences With Two Diamond Drills First
Round 2008 at Crazy Fox, BC
Newmac Resources Inc. (TSX-V: NER)
is pleased to announce that drilling has commenced at the Crazy Fox Molybdenum
Project, which is ideally located 100 km North of Kamloops, British Columbia.
This initial program will use two diamond drills to
drill from up to 14 currently permitted sites. Both drills are now on the
property. The first drill is drilling diamond drill hole CF08-44 at
–75 degrees to the west from a collar point 126 m to the west of
CF07-41. The second drill is located 445 meters to the west
of CF07-41, and will be drilled to the east at –85 degrees.
Hole CF07-41, Reported previously penetrated a low angle thrust fault at
approximately 390 m
(1280 feet)
and encountered mineralized intrusive rocks to the bottom of the hole at a
depth of 1021m (3349 feet).
Summary results for the hole are as follows:
|
Hole
07-41
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Interval
(ft)
|
MoS2
(%)
|
Mo
(%)
|
W
(%)
|
|
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 CF 07-41 intersected
mineralized intrusive rock in the lower plate of a thrust fault extending the
prospective area of molybdenum-tungsten mineralization for an unknown distance
to the north, 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.
Core from CF04-41 will be displayed at a "core shack" display
on Tuesday, Jan. 29, 2008, at the Cordilleran Roundup to be held at the
Bayshore Resort and Marina in Vancouver
British Columbia.
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.
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”
David Schmidt
Director
Telephone (604) 681-1909
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.
For Further Information Contact David Hjerpe, President at: (604)
461-7211