NRI Newmac Resources Inc.
Current Quote: Last - 0.07    Volume - 40000    Day High - 0.07    Day Low - 0.07    Date - 8/10/2017
Home Company Projects Photos News Investors Contact
NRI Newmac Resources Inc.
English News Releases
German News Releases
Sign Up for email news releases

Your Name:


Email Address:


Submit
News

Newmac drills 0.034% W in 368 m at Crazy Fox

July 19, 2006

Newmac Resources Inc. (TSX-V:  NER; Frankfurt: N3M ) has received results from two more holes in it’s recently completed 7490m (24,570) foot  drill program near Little Fort  in south central BC.  The project is located approximately 100 km north of Kamloops BC and about 450 km north-northeast of Vancouver. Major power, rail and highway corridors are nearby.

 

Selected intervals from Diamond drill holes 06-32 and 06-33 are presented below:

 

Hole

From (m)

To (m)

Interval (m)

Interval (ft)

Mo (%)

MoS2 (%)

06-32

63.1

78.9

15.8

51.8

0.012

0.020

 

245.7

283.6

37.9

124.3

0.024

0.040

 

3.0

18.8

15.8

51.8

 

 

includes

6.0

14.4

8.6

28.2

 

 

 

27.8

36.8

9.0

29.5

 

 

 

54.8

63.1

8.3

27.2

 

 

 

69.9

75.9

6.0

19.7

 

 

 

111.9

165.9

54.0

177.1

 

 

 

201.6

283.6

82.0

269.0

 

 

 

 

 

 

 

 

 

06-33

51.0

121.3

70.3

230.6

0.022

0.037

 

136.3

346.3

210.0

688.8

0.014

0.023

 

378.8

400.1

21.3

69.9

0.015

0.033

 

3.0

27.0

24.0

78.7

 

 

 

42.0

410.0

368.0

1207.0

 

 

includes

48.0

81.0

33.0

108.2

 

 

and

196.3

304.3

108.0

354.2

 

 

and

378.8

400.1

21.3

69.9

 

 

 

Hole

From (m)

To (m)

Interval (m)

Interval (ft)

W (%)

WO3 (%)

06-32

63.1

78.9

15.8

51.8

 

 

 

245.7

283.6

37.9

124.3

 

 

 

3.0

18.8

15.8

51.8

0.055

0.069

includes

6.0

14.4

8.6

28.2

0.078

0.100

 

27.8

36.8

9.0

29.5

0.016

0.020

 

54.8

63.1

8.3

27.2

0.018

0.023

 

69.9

75.9

6.0

19.7

0.030

0.038

 

111.9

165.9

54.0

177.1

0.019

0.024

 

201.6

283.6

82.0

269.0

0.023

0.029

06-33

51.0

121.3

70.3

230.6

 

 

 

136.3

346.3

210.0

688.8

 

 

 

378.8

400.1

21.3

69.9

 

 

 

3.0

27.0

24.0

78.7

0.040

0.050

 

42.0

410.0

368.0

1207.0

0.034

0.043

includes

48.0

81.0

33.0

108.2

0.069

0.087

and

196.3

304.3

108.0

354.2

0.036

0.045

and

378.8

400.1

21.3

69.9

0.041

0.052

 

Drill hole 32 is collared at the same site as drill hole 06-29 (previously reported) and is drilled to the south at -60° to a depth of 306 m (1005 ft).  Drill hole 33 was collared about 50 metres  east of hole 32, about midway between hole 32 and hole19 (previously reported). Hole 33 was drilled to the south at -50° to a depth of 410m (1345 ft).

The drill program has shown significant values of Tungsten and Molybdenum from intersections up to several hundred meters in length from drill holes widely spaced over an area several hundred meters across. Mineralization is hosted within an imprecisely defined granite, approximately 1 km x 1.6 km across. The extent of mineralization has not been determined and much prospective ground remains to be tested.

Large scale, bulk tonnage deposits are key acquisition targets for many of the world’s largest mining companies. Economies of scale allow these deposits to be mined at an extremely low cost per ton.

With the dimensions and grades exhibited at the Crazy Fox Property, the prospect of a large open pit or bulk mineable deposit is plausible and the company has developed an exploration model that incorporates this concept.

Assays were performed by ACME Analytical Laboratories Ltd of Vancouver, BC using ICP-mass spectrometry methods.

Technical content of this news release 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 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 RESPOSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

For Further Information contact David Hjerpe, President, at: (604) 461-7211