Newmac Resources Inc. (TSX-V: NER; Frankfurt: N3M) is pleased to report that the company has decided to double the size of the current drill program to 6,000 m.
The company has continued to uncover new molybdenum mineralization through a series of new trenches. Some located near a recent high-grade sample of 7.29 per cent molybdenum has been discovered (see News Release February 17, 2006). A trench also uncovered a quartz stockwork that is over 45 m in width (the length will be determined by future trenching and drilling), and is located near the 2.81% molybdenum sample, that was taken from a previously unkown showing (News Release December 5, 2005). These new trenches will provide the company with additional targets, and therefore the company has negotiated with the Diamond Drill contractor to increase the current Phase 1 diamond drill program to 6,000 m, a double in size from the original 3,000 m program. The company has received all necessary permits to increase the size of the current drill program.
The company's president David Hjerpe said: "I am very happy to be able to extend the diamond drill program, as the trenching program has uncovered a series of new targets that need to be tested”. Samples from this new trenching program are being sent to the lab, and will be reported as soon as they become available.
Technical content of this news release 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
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