Newmac Resources starts diamond drilling at Crazy Fox, BC
October 19, 2009
A diamond drill program has commenced on the Crazy Fox project. A minimum of two diamond drill holes will be drilled on geochemical and magnetic anomalies in an area approximately 750 metres southwest of last year's drilling on the Crazy Fox property. The area is characterized by anomalous molybdenum and tungsten soil geochemistry with abundant local granitic float. Interpretation and computer modelling by geophysicists from SJV Geophysics Inc. of magnetic data collected during the 2008 field season have suggested intrusive rocks may be block faulted near surface in this area. Examination and interpretation by company geologists have shown the anomalous soil geochemistry to coincide with two intersecting linear features believed to represent faulting.
The company is also evaluating and exploring an area 2.5 kilometres north of last year's drilling on the Crazy Fox property, where historic gold mineralization grab samples assayed 10 g/t, 21 g/t, 21.5 g/t and 27 g/t gold. This mineralization has been drilled by one short historic diamond drill hole, which intersected from 13.4 metres to 15.2 metres of five grams per tonne gold. Two additional drill holes have been drilled in the surrounding area with all holes intersecting arsenopyrite mineralization.
The gold mineralization correlates with a linear magnetic anomaly which strikes approximately 650 metres, but the true extent is not known. The mineralization is hosted by argillite rocks which have been brecciated and also veined by quartz-arsenopyrite veins. Massive sulphide lenses of pyrrhotite-pyrite-arsenopyrite with minor chalcopyrite have also been reported to occur. The outside dimensions of the mineralization are not known, but Newmac Resources Inc. has recently completed a soil survey with rock sampling of the mineralization to detremine its extent and its potential, results from this survey will be released once they have been received.
The company has been selected to participate in the British Columbia Ministry of Energy, Mines and Petroleum Resources 2009 Asian Pacific trade mission. A total of seven companies were selected by the British Columbia Ministry of Energy, Mines and Petroleum to participate in the 2009 Asian Pacific trade mission. Newmac will be presenting at several events in China, Korea and Japan. The company will also have a booth at the China Mining Expo inside a larger British Columbia booth. The China Mining Expo is one of the world's top four mining expos. China Mining provides an excellent channel and platform for mining companies to communicate and exchange new ideas on development, investment policies, mining rights trading, exploration, technology and equipment, mining evaluation and consultancy, and sustainable development aspect. Last year, China Mining Expo attracted over 300 exhibitors, 10,000 professional visitors and 3,000 conference delegates from 45 countries.
Technical content of this news has been reviewed by David Bridge, PGeo, a qualified person within the definitions of National Instrument 43-101.
We seek Safe Harbor.
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 |