Newmac Resources Inc. (TSX-V: NER) have received results from a geochemical survey and resampling of historic drill holes at the Crazy Fox property. The Crazy Fox Molybdenum-Tungsten-Gold property is located about 100 km north of Kamloops, British Columbia on the eastern edge of the Cariboo Plateau about 20 km NW of Little Fort, British Columbia.
Geochemical assay results up to 1409 ppb gold were obtained from soil samples collected inthe vicinity of the Lemieux Creek fault. These results plus ones obtained in 2010 show that the area possibly hosts gold mineralization over a600 meters by 250 m area. The anomalous soil samples may be the northern extension to the gold mineralization which is exposed roughly 1 kilometer to the south along the fault where historical geochemical assays of soil and talus fines collected in 1984 returned up to 5100 ppb gold.
Over 9 kilometers of the north trending Lemieux Creek fault occurs on the Crazy Fox Property. This fault juxtaposes Carboniferous to Permian basaltic Fennell Formation in the east with Triassic Nicola Group in the west. Possible altered granitic rocks occur within the faulted rocks roughly 1 km to the south of our soil samples.
David Hjerpe, CEO “These Geochemical results make the entire 9 km highly prospective for gold mineralization. Beside the two very limited geochem surveys in 1984 and 1988, this 9 km fault has not seen any exploration previous to our two surveys. The Company is extremely happy with these results and will be completing prospecting over the 9 km fault, to further enhance the area.”
The Company also gained access to the Drill Core and pulps from past diamond drilling to confirm the results released on March 17, 2011, and also sample sections of the Lower Plate diamond drill holes CF07-41 to CF-08-57 which were never assayed for gold. The company was able to do a limited resampling of these pulps, unfortunately the results from this resampling didn’t uncover any economic gold mineralization in the lower plate, and was also unable to replicate assays released on March 17, 2011 for hole CF06-19.
The Company has also completed a 1404 sample geochemical survey at the Company’s Raft project covering a 7 square kilometer area. This survey covers an area to the north of last year’s survey which The Company feels is a good target for epithermal and intrusive gold deposit.
The information presented in this press release has been reviewed and approved by David J. Bridge, P.Geo., qualified persons (as defined by National Instrument 43-101).
ON BEHALF OF THE BOARD
Telephone (604) 461-7211
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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