New Assays High Grade Molybdenum Mineralization Now Extends Over 300 M – Drilling Continues

Newmac Resources Inc. (TSX-V: NER) is pleased to announce that drilling continues on the Crazy Fox Molybdenum Project, favourably 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. 

THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Maps

 Detail Area of 2006-2007-2008 - Drillhole Location Plan
 Poster - Drill Hole Location Plan