Newmac Resources Inc.
Newmac Resources Inc.: LARGE WIDTHS OF TUNGSTEN-MOLYBDENUM MINERALIZATION INTERSECTED
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
LARGE WIDTHS OF TUNGSTEN-MOLYBDENUM MINERALIZATION INTERSECTED
Newmac Resources Inc. (TSX-V: NER; Frankfurt: N3M) has received more
encouraging results from five more holes on its recently completed diamond
drilling program on the Crazy Fox Tungsten-Molybdenum project, which is
ideally located 20 kilometers north-northwest of the village of Little Fort
in Southern British Columbia, near Kamloops.
To Date, Significant tungsten and molybdenum values have been encountered
in widely spaced drill holes over several hundred meters north-south and
east-west. The drill intersections have also been up to 200 to 300m 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 (1000ft). With the dimensions and grades exhibited to date, 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.
Selected Intervals from diamond drill hole 06-25, 06-27, 06-28, 06-30, and
06-12, are presented below:
Hole From To (m) Width Width W (%) MTU WO3
(m) (m) (ft) /
tonne
06-25 6.9 269.7 262.8 862.0 0.041 .051
Including 154.9 243.2 88.3 289.6 0.077 .097
06-27 7.6 279.1 271.5 890.5 0.044 .055
Including 175.4 275.2 99.8 327.3 0.059 .074
06-28 3.0 241.8 238.8 783.3 0.022 .027
06-30 14.2 267.3 253.1 830.1 0.039 .049
06-12 154.6 160.6 6.0 19.6 0.085 .107
Hole From To (m) Width Width Mo (%) MoS2
(m) (m) (ft) (%)
06-25 6.9 269.7 262.8 862.0 0.013 .022
Including 154.9 243.2 88.3 289.6 0.024 .040
06-27 7.6 279.1 271.5 890.5 0.014 .023
Including 175.4 275.2 99.8 327.3 0.006 .010
06-28 3.0 241.8 238.8 783.3 0.007 .012
06-30 14.2 267.3 253.1 830.1 0.018 .030
06-12 154.6 160.6 6.0 19.6 0.008 .130
Tungsten prices have surged in the past two years from US$60 to the current
level of US$260 per MTU of APT. A Metric Tonne Unit (‘MTU’) is equal to
ten kilograms of unit per metric tonne. (1%) Tungsten prices are generally
quoted as US dollars per MTU of Ammonium Paratungstate (‘APT’) an
intermediate product in the production of tungsten metal for which price
quotes are generally available.
One metric tonne = 1000 Kg, therefore TUNGSTATE, (WO3), is valued at around
US$26.00 per Kg. For example, rock grading 0.200 % W, would contain 2.52 kg
of Tungstate(WO3). Molybdenum is currently trading at a price of around
US$ 55 per Kg. of Mo but is often grade quoted as per cent MoS2.
Tungsten is typically zoned around or flanking the upper portions of
‘Climax Mo/W type deposits’, which is consistent with the location of
diamond drill hole 06-27 and 06-25 which is located on the central-eastern
flank of the Crazy Fox mineralized complex. Both of these holes were
drilled from the same setup as 06-19, (Reported previously which
encountered 353.0 m of 0.071% W [0.089% WO3 or, 0.089 MTU/tonne] and
0.02% Mo [0.033% MoS2 ]). Hole 06-25 was drilled vertically from this
location, and 06-27 was drilled to the North at –60 degrees from the same
setup The only other diamond drill hole in the eastern flank area to
receive assays so far is 06-10 (News Release May 17, 2006) which
encountered 159.0 m (521.5 ft.) of 0.038 % W) (0.048 % WO3. Diamond drill
hole 06-30 was drilled at –60 degrees to the north from a setup located
280m to the south of these three holes. All of these drill holes in the
central-eastern flank have encountered significant tungsten mineralization,
therefore future drilling will need to be targeted in this area, as there
is a large amount of prospective ground that remains untested.
Hole 06-12 was drilled north at –60 degrees in an attempt to encounter the
southern flank area of the intrusion, The collar of hole 12 is 565 m SSW
from the collars of hole 06-19, 25 and 27.It is also about 385m SSW of the
collar of hole 30. Hole 12 encountered highly anomalous molybdenum and
tungsten assays.
Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver,
B.C., using ICP-mass spectrometry methods.
Technical content of this news 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 RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS 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
(c)DGAP 28.06.2006
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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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