Newmac Resources Inc. (TSX-V: NER; Frankfurt: N3M) is pleased to report results for the first 9 holes on the Crazy Fox Molybdenum project, located 20 kilometers north-northwest of the village of Little Fort, B.C.
The highlight of these nine holes being reported is a 3 m section intersected in hole 06-9 (6924E, 8689N) that consisted of distinctive, well mineralized, convoluted comb quartz structure grading 0.35 % Mo (0.58 % MoS2). Additional assays from this hole are still pending.
Assays for Molybdenum from diamond drill holes 06-1 to 06-9 are presented below:
|
Hole |
From (m) |
To (m) |
Width (m) |
Mo (%) |
MoS2 (%) |
|
06-1 |
3.0 |
79.2 |
76.2 |
0.017 |
0.023 |
|
06-2 |
3.0 |
39.0 |
36.0 |
0.021 |
0.028 |
|
06-5 |
47.9 |
60.0 |
12.1 |
0.023 |
0.038 |
|
06-6 |
2.7 |
72.0 |
69.3 |
0.018 |
0.030 |
|
06-7 |
262.9 |
322.5 |
59.6 |
0.017 |
0.028 |
|
Including |
262.9 |
280.9 |
18.0 |
0.027 |
0.045 |
|
06-8 |
185.1 |
239.1 |
54.0 |
0.024 |
0.040 |
|
Including |
197.1 |
239.1 |
42.0 |
0.028 |
0.047 |
|
06-9 |
XX |
XX |
XX |
XX |
XX |
|
Including |
106.0 |
109.0 |
3.0 |
0.35 |
0.58 |
Assays for Tungsten from diamond drill holes 06-1 to 06-9 are presented below:
|
Hole |
From (m) |
To (m) |
Width (m) |
W (%) |
|
06-1 |
161.5 |
206.8 |
45.3 |
0.029 |
|
06-2 |
6.0 |
9.0 |
3.0 |
0.070 |
|
06-5 |
23.5 |
32.5 |
9.0 |
0.053 |
|
06-7 |
96.0 |
111.0 |
15.0 |
0.023 |
|
06-7 |
130.5 |
139.5 |
9.0 |
0.015 |
|
06-7 |
151.5 |
196.4 |
46.9 |
0.021 |
|
06-7 |
244.7 |
265.9 |
18.2 |
0.017 |
|
06-7 |
292.0 |
310.0 |
18.0 |
0.025 |
|
06-8 |
93.2 |
111.6 |
19.4 |
0.019 |
|
06-8 |
127.4 |
188.1 |
64.7 |
0.028 |
|
06-8 |
191.1 |
257.1 |
66.0 |
0.027 |
|
06-9 |
59.9 |
109.8 |
51.0 |
0.015 |
Highly anomalous values of rubidium (Rb) have been encountered over large widths in all of these drill holes. Rubidium is commonly found in climax type Molybdenum deposits around the world. Holes 06-3 and 06-4 were both drilled as geological holes to test the volcanic contact with the intrusive granite.
Comb Quartz, which has been encountered in several of the diamond drill holes at the Crazy Fox property, is regarded as an important structural feature in "Climax Mo-W" Type deposits. It is arguably diagnostic of "Climax Mo-W" type deposits. Comb quartz texture and structure has been recovered in variable amounts and degrees from 15 drill holes to date.
“I am delighted with the results received, and even more importantly of the discovery of Comb Quartz. Comb Quartz is the one of the most important textural features in Climax type deposits. Drill holes now show molybdenum and tungsten over a diameter of over 1,000 m” said David Hjerpe, President
Molybdenum is widespread on the property and its grade is controlled to a large extent by the degree of fracturing present. Exploration to date has focused in locating those zones, which are likely to produce optimum mineralization with optimum fracturing. The project continues to encounter widespread and variable mineralization in both molybdenum and tungsten. Results will be published as they are received.
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 Hjerpe”
David Hjerpe
President
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 |
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