News Release
April 24, 2008
Newmac Resources: High Grade Molybdenum
Mineralization now Extends over 250m
Drilling Continues with 2 Diamond Drills
Newmac
Resources Inc. (TSX-V: NER, Frankfurt: N3M) is pleased
to announce that drilling continues with two diamond drills on the Crazy Fox
Molybdenum Project, which is favourably located 100 km North of Kamloops,
British Columbia.
Assays have
been received for holes CF08-49 and CF08-51. The company is particularly
encouraged by hole CF08-51, which collared 305 m west of hole CF07-41
and drilled at 135 degrees azimuth at –80 degrees. Hole CF08-51
curved to the south as it was drilled, this resulted in the hole not crossing
the entire projected mineralized zone, and the hole went out of mineralization
as it went to depth.
|
Hole
|
From
|
To
|
Interval
|
Interval
|
MoS2
|
Mo
|
W
|
|
CF08-51
|
(m)
|
(m)
|
(m)
|
(ft)
|
(%)
|
(%)
|
(%)
|
|
Intercept
|
437.5
|
781.5
|
344
|
1128
|
0.18
|
0.11
|
0.01
|
|
Including
|
641.5
|
777.5
|
136
|
446
|
0.29
|
0.18
|
0.02
|
|
Including
|
697.5
|
777.5
|
46
|
151
|
0.43
|
0.26
|
0.01
|
|
Including
|
715.5
|
743.5
|
28
|
92
|
0.48
|
0.29
|
0.01
|
With the
successful location of high grade mineralization in hole CF08-51. Roughly
250 m of high grade mineralization has been intersected along
strike from CF08-51 to CF08-41.
The
mineralization encountered can be described as mainly stockwork in style with
minor dissemination. 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 been previously noted.
|
Hole
|
From
|
To
|
Interval
|
Interval
|
MoS2
|
Mo
|
W
|
|
CF08-49
|
(m)
|
(m)
|
(m)
|
(ft)
|
(%)
|
(%)
|
(%)
|
|
Intercept
|
414
|
604
|
192
|
623
|
0.05
|
0.03
|
0.01
|
|
Including
|
414
|
554
|
40
|
131
|
0.07
|
0.04
|
0.02
|
CF08-49 was drilled at –75 degrees at an
azimuth of 50 degrees from a collar located 300 m northwest from the
collar of CF07-41 (see plan map on website). This hole went through
molybdenum mineralization, and exited the lower half of the intrusion at 590 m. The hole encountered molybdenum and tungsten
mineralization, but to a lesser degree than encountered in CF08-51, CF07-41 and
CF 08-47.
Drill hole CF08-50 was lost before reaching the thrust
fault.
The company is currently drilling with two diamond drills, with the goal of extending know mineralization and
exploring new areas of high potential.
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
|
From
|
To
|
Interval
|
Interval
|
MoS2
|
Mo
|
W
|
|
CF07-41
|
(m)
|
(m)
|
(m)
|
(ft)
|
(%)
|
(%)
|
(%)
|
|
Intercept
|
400.7
|
830.7
|
430
|
1410
|
0.17
|
0.1
|
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
|
CF08-47 was collared 350 m west of hole CF07-41
(March 31, 2008 news release, incorrectly stated this as east of hole CF07-41,
when in fact it is west) and drilled to the east at –80 degrees. Hole CF08-47 curved to the south as it was drilled, and
CF07-41 curved to the north, therefore the two mineralized intersections are
between 90 m
to 150 m
apart (Reported previously).
|
Hole
|
From
|
To
|
Interval
|
Interval
|
MoS2
|
Mo
|
W
|
|
CF08-47
|
(m)
|
(m)
|
(m)
|
(ft)
|
(%)
|
(%)
|
(%)
|
|
Intercept
|
467
|
791
|
324
|
1063
|
0.21
|
0.13
|
0.02
|
|
Including
|
523
|
713
|
190
|
623
|
0.29
|
0.18
|
0.02
|
|
Including
|
547
|
619
|
72
|
236
|
0.41
|
0.25
|
0.02
|
|
Including
|
565
|
619
|
54
|
177
|
0.48
|
0.29
|
0.03
|
|
Including
|
565
|
597
|
32
|
105
|
0.58
|
0.35
|
0.03
|
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, P.Geo, a qualified
person within the definitions of National Instrument 43-101.
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.