Newmac Resources Inc.

Newmac Resources Inc.

January 10, 2008 08:30 ET

Newmac Resources Inc.: Additional Assays Received 150 Metres Grading 0.29% MoS2 Intersected

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2008) - Newmac Resources Inc. (TSX VENTURE:NER)(FRANKFURT:N3M) is pleased to announce that it has now received all 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 elsewhere, forms 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). Complete results for the hole are as follows:

Hole From To Interval Interval MoS2 Mo W
07-41 (m) (m) (m) (ft) (%) (%) (%)
Intercept 400.7 830.7 430 1410 0.17 0.10 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

Hole CF07-41 was 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.

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.

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.

Newmac is preparing for an aggressive drill program, which will commence around January 15, 2008. More details on this program will be released, as they become available.

A number of photographs of the mineralization encountered have been posted to the company's website:

Technical content of this news has been reviewed by W. A. Howell, PGeo, a qualified person within the definitions of National Instrument 43-101.

Respectfully submitted


David Schmidt, Director

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.

Contact Information

  • Newmac Resources Inc.
    David Schmidt
    (604) 681-1909
    Newmac Resources Inc.
    David Hjerpe
    (604) 461-7211