News Release
January 7, 2008
Newmac Reports Partial Assays of 98 Metres
Grading 0.33% MoS??2?? at Crazy Fox, BC
Newmac Resources
Inc. (TSX-V: NER) is pleased to announce partial assays from diamond drill hole CF07-41,
drilled on the southwestern region of the Crazy Fox property located in
south-central British Columbia one hundred kilometers north of the City of
Kamloops.
Hole CF07-41 penetrated a low angle (thrust) fault at
approximately 390 m (1280 feet) which previously, and further to the north, had
formed the lower limit to molybdenum-tungsten mineralization. Below this fault
CF07-41 encountered mineralized intrusive rocks to the bottom of the hole at a
depth of 1021m (3349 feet). Results of the partial analysis now received are as
follows:
Hole
07-41
|
From
(m)
|
To
(m)
|
Width (m)
|
MoS??2??
(%)
|
Mo
(%)
|
W
(%)
|
Intercept
|
494.7
|
748.7
|
254.0
|
0.22
|
0.13
|
0.010
|
Including
|
546.7
|
748.7
|
202.0
|
0.26
|
0.16
|
0.011
|
Including
|
650.7
|
748.7
|
98.0
|
0.33
|
0.20
|
0.011
|
Including
|
668.7
|
740.7
|
72.0
|
0.37
|
0.23
|
0.011
|
Including
|
682.7
|
722.7
|
40.0
|
0.47
|
0.28
|
0.011
|
Including
|
708.7
|
722.7
|
14.0
|
0.96
|
0.58
|
0.005
|
Hole CF 07-41was designed to test
the hypothesis that the lower limits to mineralization was a thrust fault and that
a drill hole in the south western portion of the known mineralized body would
intersect mineralized intrusive rock in the lower plate of the thrust extending
the prospective area of molybdenum-tungsten mineralization for an unknown
distance to the west, south and to depth.
Hole CF 07-41 was drilled westerly at -70??. The hole was
commenced on October 27 and encountered the thrust fault between 388.1 and
393.2 meters and was completed on November 25. 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.
Please note the hole ended in
mineralization at a depth of 1,021 m and that the results reported in this
release are partial and will be recalculated upon receipt of the remaining
analysis.
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