Newmac Resources Inc. (TSX-V: NER) is pleased to announce that it has completed the second round of diamond drilling on the Bluff property located 180 kilometres west of the city of Williams Lake, BC. The drill is now being moved to the company’s Crazy Fox tungsten-molybdenum project, which is ideally located 20 kilometres north-northwest of the village of Little Fort in Southern British Columbia, near Kamloops.
On the Bluff property a number of strong induced polarization anomalies (with chargeabilities sometimes in excess of 30 mv/V) were identified in a recent geophysical program, some with high contrast magnetic anomalies indicating a number of linear features. The two programs consisted of 12 diamond drill holes (1,600 metres). Results from the two programs will be released once completed and compiled.
The drill program on the Crazy Fox property will consist of 12 diamond drill holes (4,000 meters) targeting molybdenum and tungsten mineralization. These holes will explore potential new areas and also expand areas of know mineralization. To date, significant tungsten and molybdenum values have been encountered in widely spaced drill holes over several hundred metres north-south and east-west. The drill intersections have also been up to 200 m to 300 m in length. The physical bounds of the intrusive body have not been determined with any degree of accuracy and the deposit remains open to the north, south and west. It is more constrained to the east, but much ground remains untested. To depth the mineralization appears constrained by faulting below 300 m (1,000 feet). With the dimensions and grades exhibited to date, the prospect of a large open pit or bulk minable deposit is plausible and the company has developed an exploration model that incorporates this concept.
J.W. (Bill) Morton P.Geo is the qualified person as defined by National Policy 43-101 who has reviewed the contents of this news release.
ON BEHALF OF THE BOARD
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.
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For Further Information Contact David Hjerpe, President at: (604) 461-7211