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Cours Or & Argent

Newmac Resources Inc.

Publié le 14 septembre 2007

Begins Six-hole Drill Program At Chilanko

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Mots clés associés :   Canada | Copper | K Street | Newmac |
 
 

Newmac begins six-hole drill program at Chilanko

Newmac Resources Inc (C:NER)
Shares Issued 15,887,965
Last Close 9/12/2007 $0.29
Thursday September 13 2007 - News Release

Mr. David Schmidt reports

DRILLING COMMENCES ON STRONG INDUCED POLARIZATION TARGETS AT CHILANKO

Newmac Resources Inc. has commenced a six-hole diamond drill program on its 100-per-cent-owned Chilanko copper project located 170 kilometres west of Williams Lake, B.C.

These diamond drill holes have been designed to test the large and very strong induced polarization (IP) response targets that are untested. These targets were found by the completion of 37 line kilometres of IP survey in January and February of this year. The survey resulted in the discovery of a very strong induced polarization response over an area varying from 500 metres to 1,000 metres in width and extending for 3,500 metres along the long axis. Known mineralization at Chilanko consists of several exposures of copper-stained diorite rocks that have been exposed in a window occurring in the Miocene-age basalts, which cover most of this area of the Chilcotin plateau. The induced polarization response includes chargeability values often exceeding 30 millivolts per volt (mv/V) associated with a strong magnetic anomaly (approximately 10,000 gammas of magnetic relief). The response is interpreted to most likely be caused by a sulphide system associated with a buried intrusive, probably of Triassic or Jurassic age. Available records indicate that copper mineralization was first recognized here in 1973 by Pickands Mather and Co.; the company completed some surface work but did not complete induced polarization, and also percussion drilled some mercury targets to the south before dropping the claims in 1974. The project area was again staked in the late 1980s, and again by the Kennecott Corp. also in the late 1980s, but neither of these groups followed through with significant exploration programs and no induced polarization surveying or drilling was completed.

A series of trenches were completed on the Chilanko property following the geophysical survey. These trenches encountered deeper overburden than expected and were unable to reach bedrock over several of the geophysical anomalies that will be targeted with this drill program. Bedrock was encountered by other trenches in areas peripheral to the anomalies, and exhibited hydrothermal alteration and effects consistent with the outer zones of porphyry copper systems.

The Newmac claim group consists of 11 mineral claims covering 5,048 hectares (12,450 acres). The physiography of this area of British Columbia is that of a semi-arid flat plateau covered by lodgepole pine and open grassland, used predominantly for open-range cattle grazing.

The management of Newmac Resources believes that unexplored copper targets such as Chilanko represent a tremendous opportunity in light of the current price for this commodity and the renewed interest in British Columbia by global mining corporations.

J.W. (Bill) Morton, PGeo, is the qualified person as defined by National Policy 43-101 who has reviewed the contents of this news release.

? 2007 Canjex Publishing Ltd.

Dale Paruk
Coal Harbor Communications Inc.
Suite 701, 555 Jervis Street
Vancouver BC
Canada V6E 4N1
 
Tel: 604-662-4505
Fax: 604-662-4547
 
 
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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.

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Rapports annuels de Newmac Resources Inc.
Annual Report 2007
Financements de Newmac Resources Inc.
02/09/2009Arranges $600,000 Private Placement
08/06/2007Arranges $700,000 Private Placement
Nominations de Newmac Resources Inc.
31/03/2008 Appoints Schmidt to President, CFO at Annual General Meetin...
Projets de Newmac Resources Inc.
17/11/2009(Crazy Fox)Crazy Fox And Moira Update
19/10/2009(Crazy Fox)starts diamond drilling at Crazy Fox, BC
01/09/2009(Crazy Fox)completes geochemical survey at Crazy Fox
23/09/2008(Crazy Fox)Drills 78 m (256 ft) of 0.10% MoS2, Mineralization now exten...
24/04/2008(Crazy Fox) High Grade Molybdenum Mineralization now Extends over 250m
31/03/2008(Crazy Fox)Drills 72 Meters of 0.41% Molybdenite, Drilling Continues wi...
28/01/2008(Crazy Fox)Drilling Commences With Two Diamond Drills First Round 2008 ...
28/01/2008(Raft Molybdenum)Raft Molybdenum Property; Optioned Chilanko Results Received
10/01/2008(Fox Molybdenum)Receives Additional Assays - Increases Intersection to 150 M...
07/01/2008(Fox Molybdenum)Reports Partial Assays of 98 Metres Grading 0.33% MoS??2??
14/11/2007(Fox Molybdenum) Drills over 500 Meters of a New Molybdenum Mineralized Zone...
30/10/2007(Chilanko Property) Discovers Red Bed Mineralization at Chilanko
14/09/2007(Chilanko Property)Begins Six-hole Drill Program At Chilanko
Communiqués de Presse de Newmac Resources Inc.
23/02/2015Resignation Of Director
23/02/2015IIROC Trading Halt - NER
12/02/2015Current Quote:
11/02/2015Current Quote:
13/01/2015Current Quote:
12/01/2015Current Quote:
03/08/2010to sample and survey Ready Mix property, Clearwater BC
15/06/2010options Ready Mix, buys property near Raft
04/11/2008to Participate in BC Asian Pacific Trade Mission
09/07/2008Drills 212 Metres of 0.08% M0S2 at Crazy Fox - Drilling Cont...
28/05/2008Drills 374 Metres of 0.12% M0S2 at Crazy Fox - Drilling Cont...
29/04/2008Acquires Work Camp: Drilling Continues with Two Diamond Dril...
25/03/2008Closes Financing with Sprott Molybdenum
05/12/2007Arranges $1-Million Financing
29/11/2007Options Moira Molybdenum Property near Clearwater, BC
28/11/2007Negotiates $2.5 Million Financing
02/08/2007Tungsten And Molybdenum Mineralized Area Increases At Crazy ...
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