Newmac Resources Inc.
Newmac Resources Inc.: 45.4 METRES 0.112% MoS2 INTERSECTED at CRAZY FOX
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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NEWMAC RESOURCES INC.
2605 Jane Street, Port Moody, British Columbia, Canada V3H 2K6
Telephone: (604) 461-7211 www.newmacresources.com
45.4 METRES 0.112% MoS2 INTERSECTED at CRAZY FOX
Newmac Resources Inc. (TSX-V: NER; Frankfurt: N3M) has received encouraging
results from two more drill holes on it’s Crazy Fox Tungsten-Molybdenum
property, 23 km west north west of Little Fort, BC. Little Fort is located
adjacent to BC Highway 5 and the CN Railway about 100 km north of the city
of Kamloops, or, about 450 km northwest of Vancouver.
To date, significant tungsten and molybdenum values have been encountered
in intersections up to 300m (984 ft) long from widely spaced drill holes.
The mineralization is contained within an imprecisely defined granitic host
approximately 1.0 x 1.5 km in extent (0.6 x1.0 miles). Within the granite,
the mineralization is ‘open’ for several hundred metres to the north, west
and south from the area of present drilling. It is somewhat more
constrained to the east, but much prospective ground remains untested. The
mineralization appears to be located to the top of a thrust fault located
at about 300m (1000ft) depth.
Selected Intervals from diamond drill holes 06-29 and 06-31 are presented
below.
Hole From To (m) Width Width Mo (%) MoS2
(m) (m) (ft) (%)
06-29 7.9 73.9 66.0 216.5 0.013 0.021
100.9 166.9 66.0 216.5 0.015 0.025
238.9 331.9 93.0 305.0 0.014 0.022
349.0 378.6 29.6 97.1 0.026 0.043
7.9 166.9 159.5 521.5
includes 7.9 79.9 72.0 236.2
and 100.9 166.9 66.0 216.5
217.9 229.9 12.0 39.4
352.0 378.6 26.6 88.0
06-31 217.5 319.1 101.6 334.0 0.036 0.060
includes 265.5 319.1 53.6 175.8 0.059 0.098
and 273.7 319.1 45.4 149.0 0.067 0.112
34.6 43.6 9.0 29.5
100.5 154.5 54.0 177.1
273.7 319.1 45.4 149.0
Hole From To (m) Width Width W (%) WO3
(m) (m) (ft) (%)
06-29 7.9 73.9 66.0 216.5
100.9 166.9 66.0 216.5
238.9 331.9 93.0 305.0
349.0 378.6 29.6 97.1
7.9 166.9 159.5 521.5 0.032 0.040
includes 7.9 79.9 72.0 236.2 0.034 0.042
and 100.9 166.9 66.0 216.5 0.037 0.047
217.9 229.9 12.0 39.4 0.021 0.027
352.0 378.6 26.6 88.0 0.054 0.068
06-31 217.5 319.1 101.6 334.0
includes 265.5 319.1 53.6 175.8
and 273.7 319.1 45.4 149.0
34.6 43.6 9.0 29.5 0.026 0.032
100.5 154.5 54.0 177.1 0.015 0.019
273.7 319.1 45.4 149.0 0.040 0.050
Holes 06-29 and 06-31 are drilled on the same north-south section. (The
section is 100m west of, and parallel to, the common collar of, and section
through, holes 06-19, 06-25, and 06-27, all reported previously). Hole
06-29 is a vertical hole. Hole 06-31 is collared 290 m (951 ft) to the
south and is drilled northwards at a dip of -60 . The bottom of hole 06-31
is 120m (394 ft) south of the bottom of hole 29.
The current price for tungsten has surged in the past two years from about
US$60 to the current level of US$260 per metric ton unit or ‘MTU’. The
price is generally quoted for Ammonium Paratungstate, (‘WO3’). One MTU
contains 10 kg (22 lbs) of WO3 . The current price for molybdenum has also
surged and molybdenum is currently trading at a price around US$55 per Kg
(US$25 per pound) of Mo. The grade is often quoted as % MoS2 (molybdenite).
Both tungstate (WO3 ) and molybdenite are ‘end use ‘ products in the
steel industry and generally do not require further refining unless for
specialized use.
Large scale bulk tonnage deposits are key acquisition targets for most 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 to date 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
Contact:
marquardt.communication
Agentur für Öffentlichkeitsarbeit
Sandweg 14
60318 Frankfurt
Deutschland
tel: +49 (0) 69 254 72405
fax: +49 (0) 941 5992 82626
email: jens@marquardtcommunication.com
web: www.marquardtcommunication.com
Contact:
marquardt.communication
Agentur für Öffentlichkeitsarbeit
Sandweg 14
60318 Frankfurt
Deutschland
tel: +49 (0) 69 254 72405
fax: +49 (0) 941 5992 82626
email: jens@marquardtcommunication.com
web: www.marquardtcommunication.com
(c)DGAP 12.07.2006
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Language: English
Issuer: Newmac Resources Inc.
2605 Jane St
V3H 2K6 Port Moody, BC Kanada
Phone: +1 (604) 461-7211
Fax: +1 (604) 461-7211
E-mail: info@newmacresources.com
WWW: www.newmacresources.com
ISIN: CA6515221043
WKN: A0HFWM
Indices:
Listed: Open Market in Frankfurt
End of News DGAP News-Service
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