Newmac Resources Inc. (TSX-V: NER) has now completed a trenching program on the 100% owned Crazy Fox molybdenum property in southern British Columbia. The program was focused in an area where a new logging road had exposed a molybdenum showing that returned a number of high assays including one of 2.81% molybdenum. This same area also showed very anomalous molybdenum values in the soil samples taken earlier this year. The trenching program has exposed a zone of molybdenum over an area of 500 meters by 200 meters, consisting of fractured veining up to one and a half inches thick, quartz stockwork and disseminated molybdenum. Grab samples have been collected from this area and are currently in for analysis. Assays will be reported when received.
The project geologist William Howell interprets the trench exposures as potentially occurring on top of a system that may blossom with depth as is the case for the classical molybdenum deposits located at Climax and Henderson Colorado. The company has made an application to complete an additional 1,000 meters of trenching in six additional areas of the project that have returned anomalous molybdenum values in recent soil surveys. A request to complete 3,000 metres of drilling is included in the current application.
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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