News Release
January 10, 2008
Newmac Receives Additional Assays - Increases Intersection to 150
Metres Grading 0.29% MoS2 at Crazy Fox, BC
Newmac Resources
Inc. (TSX-V: NER) 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
07-41
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Interval
(ft)
|
MoS2
(%)
|
Mo
(%)
|
W
(%)
|
|
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 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: www.newmacresources.com
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
ON BEHALF OF THE BOARD
“David Schmidt”
David Schmidt
Director
Telephone (604) 681-1909
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.
For Further Information Contact David Hjerpe, President at:
(604) 461-7211