News Release
May 28, 2008
Symbol: TSX-V: NER
Newmac Drills 374 Metres of 0.12% M0S2 at Crazy Fox ? Drilling Continues
Vancouver, BC ? May 28, 2008 -- Newmac Resources Inc. (TSX-V: NER) is pleased to announce that drilling continues on the Crazy Fox Molybdenum Project, favorably located 100 km North of Kamloops, British Columbia.
Assays have been received for holes CF08-53 and CF08-54
Hole | From | To | Interval | Interval | MoS2 | Mo | W |
CF08-54 | (m) | (m) | (m) | (ft) | (%) | (%) | (%) |
Intercept | 553.0 | 927.0 | 374 | 1,234 | 0.12 | 0.07 | 0.12 |
Including | 673.0 | 873.0 | 200 | 660 | 0.16 | 0.095 | 0.02 |
Including | 781.0 | 873.0 | 92 | 304 | 0.20 | 0.12 | 0.02 |
Including | 781.0 | 791.0 | 8 | 26 | 0.62 | 0.37 | 0.01 |
Hole | From | To | Interval | Interval | MoS2 | Mo | W |
CF08-53 | (m) | (m) | (m) | (ft) | (%) | (%) | (%) |
Intercept | 629.7 | 823.7 | 194 | 640 | 0.08 | 0.05 | 0.03 |
Including | 751.7 | 785.7 | 34 | 112 | 0.12 | 0.07 | 0.03 |
Intercept | 985.7 | 1013.7 | 28 | 92 | 0.08 | 0.05 | 0.01 |
Including | 1007.7 | 1009.7 | 2 | 7 | 0.62 | 0.37 | 0.01 |
CF08-54 was collared 210 m south of hole CF07-41 and drilled at 270 degrees azimuth at ?75 degrees. Hole CF08-54 curved slightly to the north as it was drilled. The hole intersected several very high grade molybdenum intersections up to 0.88% Mo over 2 m, which has been interpreted as an indicator of the ?strength? of the mineralizing system.
CF08-53 was drilled at ?75 degrees at an azimuth of 095 degrees from a collar located 300 m southwest from the collar of CF07-41 (see plan map on website). The hole encountered an additional mineralized zone 200 m east of the established zone. Additional drilling will be required to determine if this is the top of a new zone of mineralization or another parallel zone.
The discovery of high grade mineralization in hole CF08-54 and CF08-53, extends the known higher grade mineral zone roughly 300 m along strike from CF08-53 to CF08-41.
The goal of the current drilling is to extend known mineralization and explore new areas of high potential.
Samples from hole CF08-52 are in the lab. Results will be released as they are received.
CF08-55 and CF08-56 are currently being drilled. Results will be released as they are received.
Hole CF07-41, (Reported previously) penetrated a low angle thrust fault at approximately 390 m (1280 feet) and encountered mineralized intrusive rocks to the bottom of the hole at a depth of 1021m (3349 feet). Summary results for the hole are as follows:
Hole | From | To | Interval | Interval | MoS2 | Mo | W |
CF07-41 | (m) | (m) | (m) | (ft) | (%) | (%) | (%) |
Intercept | 400.7 | 830.7 | 430 | 1410 | 0.17 | 0.1 | 0.01 |
Including | 646.7 | 796.7 | 150 | 492 | 0.29 | 0.18 | 0.01 |
Including | 708.7 | 756.7 | 48 | 157 | 0.48 | 0.29 | 0.01 |
Including | 708.7 | 722.7 | 14 | 46 | 0.96 | 0.58 | 0.01 |
CF08-47 was collared 350 m west of hole CF07-41 and drilled to the east at ?80 degrees. Hole CF08-47 curved to the south as it was drilled, and CF07-41 curved to the north, therefore the two mineralized intersections are between 90 m to 150 m apart (Reported previously).
Hole | From | To | Interval | Interval | MoS2 | Mo | W |
CF08-47 | (m) | (m) | (m) | (ft) | (%) | (%) | (%) |
Intercept | 467 | 791 | 324 | 1063 | 0.21 | 0.13 | 0.02 |
Including | 523 | 713 | 190 | 623 | 0.29 | 0.18 | 0.02 |
Including | 547 | 619 | 72 | 236 | 0.41 | 0.25 | 0.02 |
Including | 565 | 619 | 54 | 177 | 0.48 | 0.29 | 0.03 |
Including | 565 | 597 | 32 | 105 | 0.58 | 0.35 | 0.03 |
Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver, B.C., a certified facility, using a phosphoric acid leach with ICP-ES spectrometry methods.
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 Schmidt?
David Schmidt
President
Telephone (604) 688-3113
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.
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