Newmac Resources Inc.

Newmac Resources Inc.

January 28, 2008 14:11 ET

Newmac Resources Inc.: Drilling Commences With Two Diamond Drills First Round 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2008) - Newmac Resources Inc. (TSX VENTURE:NER)(FRANKFURT:N3M) is pleased to announce that drilling has commenced at the Crazy Fox Molybdenum Project, which is ideally located 100 km North of Kamloops, British Columbia.

This initial program will use two diamond drills to drill from up to 14 currently permitted sites. Both drills are now on the property. The first drill is drilling diamond drill hole CF08-44 at -75 degrees to the west from a collar point 126 m to the west of CF07-41. The second drill is located 445 meters to the west of CF07-41, and will be drilled to the east at -85 degrees.

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
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 CF 07-41 intersected mineralized intrusive rock in the lower plate of a thrust fault extending the prospective area of molybdenum-tungsten mineralization for an unknown distance to the north, 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.

Core from CF04-41 will be displayed at a "core shack" display on Tuesday, Jan. 29, 2008, at the Cordilleran Roundup to be held at the Bayshore Resort and Marina in Vancouver British Columbia.

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, 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