These new assays from Newmac are quite spectacular. Hole number 19
(below) is a 353 m intersection of 0.089%
tungsten (tungsten is $11.00.a pound) and 0.033% moly (moly is $35.00 a pound) so depending on the recovery rate,
this is potentially very economic
ore over a huge intersection. The
Company plans an immediate follow-up drill program of 20 holes of
approximately 1,000 ft. each which should result in delineating some significant
tonnage.
Dale
|
Hole
# |
From
(m) |
To
(m) |
Width (m) |
Width
(ft) |
W
(%) |
MTU WO3 /
tonne |
Mo
(%) |
MoS2
(%) |
Tungsten And Molybdenum Mineralized Area Increases At Crazy Fox
August 2,
2007
Newmac Resources Inc. (TSX-V:
NER) is pleased to announce results from three holes drilled on the
company's Crazy Fox tungsten-molybdenum project, which is ideally located 20
kilometres north-northwest of the village of Little Fort in Southern British
Columbia, 100 km north of Kamloops
BC.
Five diamond drill holes were drilled on the Crazy Fox
property in the latest drill program.
Diamond drill hole 07-34, was collared to test data suggesting proximity
to mineralization underlying the thrust. The mineralization in this hole is
getting better to depth and the drill hole will need to be deepened with a
different drill. Hole 34
demonstrates the extent and potential for more mineralization to the southwest
and shows the strength of mineralization in this area. It also shows that our
modeling of the lower thrust sheet is consistent so far with what we see in the
upper thrust sheet.. Diamond drill
hole 07-35 was collared 735 m North of 07-34 in the same section, 130 m to the west of 06-29 and
06-12. Diamond Drill Hole 07-36
never reached bedrock and was abandoned.
However the drill was moved slightly and 07-37 was completed. Hole 07-37 is on a new section 160 m
east of 06-19. Diamond Drill hole
07-38 was not completed because of timing issues. Both Diamond drill holes 07-34 and
07-38, are planned to be deepened in the next drill program.
Mineralization from surface to depths of 300 m have been
encountered now over an area of
450m x 750m . This mineralized area to date has been tested by a total of
38 diamond drill holes totalling approximately 8,000m (28000 ft). Within these limits there is potential
for a deposit size in the order of 275,000,000 tonnes to 300,000,000
tonnes. Limits of the
mineralization have not been reached and the deposit is considered 'open' to the
North, West and South. As the
limits of mineralization are probed and better understood, this potential may
increase substantially. This potential quantity and grade is conceptual in
nature because there has been insufficient exploration to define a mineral
resource, it is uncertain if further exploration will result in the discovery of
a mineral resource.
An aggressive program of diamond drilling encompassing a
further 8,000m of drilling is planned for late summer and fall of 2007. The
program will test the extent of mineralization and limits of the host intrusive
granite.
A summary of Drill Results follow. Holes 1-33 were completed in 2006, and
have been previously reported. Holes 34 to 38 are new holes completed during the
recent drilling program and are presented here for the first
time.
|
Hole
# |
From
(m) |
To
(m) |
Width (m) |
Width
(ft) |
W
(%) |
MTU WO3 /
tonne |
Mo
(%) |
MoS2
(%) |
|
06-10 |
1.5 |
160.5 |
159.0 |
521.5 |
0.038 |
0.048 |
|
|
|
06-12 |
154.6 |
160.6 |
6.0 |
19.6 |
0.085 |
0.107 |
0.080 |
0.130 |
|
06-19 |
5.2 |
358.2 |
353.0 |
1,157.5 |
0.071 |
0.089 |
0.020 |
0.033 |
|
Including |
25.1 |
27.2 |
2.1 |
6.9 |
3.910 |
4.920 |
0.048 |
0.080 |
|
06-25 |
6.9 |
269.7 |
262.8 |
862.0 |
0.041 |
0.051 |
0.013 |
0.022 |
|
Including |
154.9 |
243.2 |
88.3 |
289.6 |
0.077 |
0.097 |
0.024 |
0.040 |
|
06-27 |
7.6 |
279.1 |
271.5 |
890.5 |
0.044 |
0.055 |
0.014 |
0.023 |
|
Including |
175.4 |
275.2 |
99.8 |
327.3 |
0.059 |
0.074 |
0.006 |
0.010 |
|
06-28 |
3.0 |
241.8 |
238.8 |
783.3 |
0.022 |
0.027 |
0.007 |
0.012 |
|
06-29 |
7.9 |
166.9 |
159.0 |
521.5 |
0.032 |
0.040 |
0.012 |
0.020 |
|
06-29 |
352.0 |
378.6 |
26.6 |
87.2 |
0.054 |
0.068 |
0.028 |
0.047 |
|
06-30 |
14.2 |
267.3 |
253.1 |
830.1 |
0.039 |
0.049 |
0.018 |
0.030 |
|
06-31 |
273.7 |
319.1 |
45.4 |
149.0 |
0.040 |
0.050 |
0.067 |
0.112 |
|
06-32 |
3.0 |
16.5 |
13.5 |
44.3 |
0.061 |
0.076 |
0.014 |
0.023 |
|
06-32 |
201.6 |
283.6 |
82.0 |
268.4 |
0.023 |
0.028 |
0.016 |
0.027 |
|
06-33 |
48.0 |
397.1 |
349.1 |
1,145.1 |
0.035 |
0.044 |
0.015 |
0.025 |
|
Including |
48.0 |
217.3 |
169.3 |
555.3 |
0.043 |
0.054 |
0.017 |
0.028 |
|
07-34 |
246.0 |
268.0 |
22.0 |
72.2 |
0.010 |
0.013 |
0.017 |
0.028 |
|
07-34 |
280.0 |
297.2 |
17.2 |
56.4 |
0.013 |
0.016 |
0.021 |
0.035 |
|
07-35 |
3.1 |
8.1 |
5.0 |
16.4 |
0.011 |
0.014 |
0.107 |
0.177 |
|
07-35 |
198.0 |
282.0 |
84.0 |
275.52 |
0.020 |
0.025 |
0.021 |
0.035 |
|
07-37 |
3.0 |
285.0 |
282.0 |
925.0 |
0.052 |
0.065 |
0.005 |
0.009 |
|
|
|
|
|
|
|
|
|
|
Assays for Molybdenum from
diamond drill holes 06-1 to 06-9 are presented
below:
|
Hole |
From (m) |
To (m) |
Width(m) |
Mo (%) |
MoS2
(%) |
|
06-1 |
3.0 |
79.2 |
76.2 |
0.017 |
0.023 |
|
06-2 |
3.0 |
39.0 |
36.0 |
0.021 |
0.028 |
|
06-5 |
47.9 |
60.0 |
12.1 |
0.023 |
0.038 |
|
06-6 |
2.7 |
72.0 |
69.3 |
0.018 |
0.030 |
|
06-7 |
262.9 |
322.5 |
59.6 |
0.017 |
0.028 |
|
Including |
262.9 |
280.9 |
18.0 |
0.027 |
0.045 |
|
06-8 |
185.1 |
239.1 |
54.0 |
0.024 |
0.040 |
|
Including |
197.1 |
239.1 |
42.0 |
0.028 |
0.047 |
|
06-9 |
XX |
XX |
XX |
XX |
XX |
|
Including |
106.0 |
109.0 |
3.0 |
0.35 |
0.58 |
Assays for Tungsten from diamond
drill holes 06-1 to 06-9 are presented
below:
|
Hole |
From (m) |
To (m) |
Width (m) |
W (%) |
WO3 |
|
06-1 |
161.5 |
206.8 |
45.3 |
0.029 |
0.037 |
|
06-2 |
6.0 |
9.0 |
3.0 |
0.070 |
0.088 |
|
06-5 |
23.5 |
32.5 |
9.0 |
0.053 |
0.067 |
|
06-7 |
96.0 |
111.0 |
15.0 |
0.023 |
0.029 |
|
06-7 |
130.5 |
139.5 |
9.0 |
0.015 |
0.019 |
|
06-7 |
151.5 |
196.4 |
46.9 |
0.021 |
0.026 |
|
06-7 |
244.7 |
265.9 |
18.2 |
0.017 |
0.021 |
|
06-7 |
292.0 |
310.0 |
18.0 |
0.025 |
0.032 |
|
06-8 |
93.2 |
111.6 |
19.4 |
0.019 |
0.024 |
|
06-8 |
127.4 |
188.1 |
64.7 |
0.028 |
0.035 |
|
06-8 |
191.1 |
257.1 |
66.0 |
0.027 |
0.034 |
|
06-9 |
59.9 |
109.8 |
51.0 |
0.015 |
0.019 |
Tungsten prices have surged in the past Three
years from US$60 to the current level of US$240 per MTU of APT. A Metric Tonne Unit ("MTU") is equal to
ten kilograms of unit per metric tonne. (1%) Tungsten prices are generally
quoted as US dollars per MTU of Ammonium Paratungstate ("APT") an intermediate
product in the production of tungsten metal for which price quotes are generally
available. One metric tonne = 1000 Kg, therefore TUNGSTATE, (WO3), is valued at
around US$24.00 per Kg ($11/lb). For example, rock grading 0.200 % W, would
contain 2.52 kg of Tungstate(WO3).
Molybdenum is currently trading at a price of around US$ 77 per Kg. of Mo
($35/lb) but is often grade quoted as per cent MoS2.
Assays were performed by Acme Analytical Laboratories Ltd. of
Vancouver, B.C., using ICP-mass spectrometry methods.
Another Diamond drill program was completed on the Bluff property,
where 12 diamond drill holes (1,600 metres) were completed. Fractures of impressive mineralization
were encountered, but none of the holes returned any economic grades as the
fractures were not numerous enough .
The company is currently reviewing all the data from this drill program
and previous field work.
A series of trenches have been completed on the Chilanko property.
The trenches encountered deeper overburden than expected and were unable to
reach bedrock over several of the geophysical anomalies revealed by an earlier
program conducted this year. Bed
rock encountered by the trenching program, in areas peripheral to the anomalies,
exhibited hydrothermal alteration and effects consistent with the outer zones of
porphyry copper systems.
A follow up drill program is currently being
planned.
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 Hjerpe"
David Hjerpe
President
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
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 est une société d’exploration minière de molybdène et de tungsten basée au Canada. Newmac Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont NEWMAC PROJECT, CHILANKO PROPERTY et CRAZY FOX au Canada. Newmac Resources est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,8 millions CA$ (2,2 millions US$, 2,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 26 novembre 2010 à 4,00 CA$. Newmac Resources possède 9 716 042 actions en circulation. |