Newmac Resources Inc.

Published : June 15th, 2010

options Ready Mix, buys property near Raft

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Keywords :   Coal | Gallium |

Newmac options Ready Mix, buys property near Raft

June 15, 2010

Newmac Resources Inc. (TSX-V: NER) has received approval from the TSX Venture Exchange for two agreements, one property option agreement and one agreement to purchase claims in two areas southeast and north of The Company`s Raft Molybdenum project, which is located approximately 35 kilometers northeast of Clearwater, British Columbia.

Pursuant to the terms of the option agreements, the company has issued a total of 200,000 common shares shares to the optionors, which are subject to a hold period expiring September 29, 2010, 2010.

The Company has entered into an option agreement, where the company has the right to earn a 100% interest in the Ready Mix Property, which is located to the southeast of the Company's Raft Molybdenum project. The Company views the Ready Mix project as an excellent target for intrusion related gold mineralization because of several tungsten skarns, anomalous gold, tungsten, molybdenum, and arsenic in stream sediments, and the Shuswap metamorphic terrain intruded by Cretaceous granites. Prospecting in 1999 uncovered a highly oxidized boulder of intrusive breccias that assayed 29.3 g/tonne gold and 202 g/tonne silver. In 2003 this same area was found to contain strong crossover VLF_EM anomalies along 6 lines, each spaced 100 m apart. A soil program over this same area in 2004 uncovered a correlating Au-Ag geochem anomaly.

The Company has the right to earn a 100% interest in the Ready Mix claims by making an initial payment of $5,000 and issuing 150,000 common shares. Within two years the company will need to pay an additional $25,000 and issue 500,000 common shares, in two stages. The property will also be subject to a 2% Net Smelter royalty, where the full 2% may be purchased by the company for $1 million at any time. 150,000 common shares have been issued, which are subject to a hold period expiring September 29, 2010.

The second property is located to the north of The Company's RAFT Molybdenum project and covers possible extensions of massive sulphide mineralization from the adjacent CK property. The property was purchased for $5,000 and the issuance of 50,000 common shares. This group of claims will become part of the Raft Molybdenum project. The CK property which is located to the east of these new raft claims has zinc - lead - silver with minor gallium and germanium sedimentary exhalative mineralization exposed over a strike length of approximately 3 kilometers. Drilling on a portion of this zone in 2007 returned in 16 drill holes assays ranging over 0.03 to 7 meters thick, 3 to 24 % zinc, 0.2 to 4.5% lead and trace to 7g/t silver - gallium and germanium were not assayed for in these samples. The CK property also hosts numerous other zinc - lead showings throughout it. 50,000 common shares have been issued, which are subject to a hold period expiring September 29, 2010.

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


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

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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