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Newmac Resources Inc.: Exciting New Assays-357 m (1171 ft) of 0.12 Mos2 Mineralization Now Extends Over 500 m
Wednesday, 23 July 2008 16:30
Drilling Continues

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 23, 2008) - Newmac Resources Inc. (TSX VENTURE:NER)(FRANKFURT:N3M) is pleased to announce that drilling continues on the Crazy Fox Molybdenum Project, favourably located 100 km North of Kamloops, British Columbia.

Assays have now been received from hole CF08-56, Assays from the hole, extend the mineral zone over 500 m North-South. A summary of results from hole CF08-56 is as follows:

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Hole         From      To   Interval   Interval   MoS2     Mo       W
CF07-56        (m)     (m)        (m)       (ft)    (%)    (%)     (%)
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Intercept   642.0   999.0        357       1171   0.12   0.07    0.01
Including   752.4   871.0      118.6        389   0.22   0.13    0.01
Including   752.4   817.0       64.6        212   0.30   0.18   0.001
Including   801.0   817.0         16       52.5   0.83   0.50   0.001
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CF08-56 was collared 430 m south of hole CF07-41 and drilled on 255 degrees azimuth at -75 degrees. The hole curved northwards with depth. Hole CF08-56 intersected some of the highest grade intercepts seen on the property to date. The Company is very encouraged by these results. Additional drilling continues to dramatically expand the known mineralized zone.

The discovery of high grade mineralization in hole CF08-56, extends known higher grade mineralization over 500 m along strike from mineralization discovered in CF07-41, the deep discovery hole.

Hole CF08-57 is currently being drilled from a collar 225 m South of Hole CF08-56 (725 m south of the discovery hole CF07-41). Assays from CF08-57 will be released as they are received.

A detailed geophysical (magnetometer) survey has now been completed, It is hoped that it will help to determine areas of additional mineralization. The data is currently being processed.

Hole CF07-41, (reported previously) penetrated a low angle thrust fault at approximately 390 m (1280 feet) and encountered mineralized intrusive rocks to the bottom of the hole at a depth of 1021 m (3349 feet). Summary results for the hole are as follows:

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Hole         From      To   Interval   Interval   MoS2     Mo       W
CF07-41        (m)     (m)        (m)       (ft)    (%)    (%)     (%)
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Intercept   400.7   830.7        430       1410   0.17    0.1    0.01
Including   646.7   796.7        150        492   0.29   0.18    0.01
Including   708.7   756.7         48        157   0.48   0.29    0.01
Including   708.7   722.7         14         46   0.96   0.58    0.01
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CF08-47 was collared 350 m west of hole CF07-41 and drilled to the east at -80 degrees. Hole CF08-47 curved to the south as it was drilled, CF07-41 curved to the north, the two mineralized intersections are between 90 m and 150 m apart (reported previously).

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Hole        From       To   Interval   Interval   MoS2     Mo       W
CF08-47       (m)      (m)        (m)       (ft)    (%)    (%)     (%)
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Intercept    467      791        324       1063   0.21   0.13    0.02
Including    523      713        190        623   0.29   0.18    0.02
Including    547      619         72        236   0.41   0.25    0.02
Including    565      619         54        177   0.48   0.29    0.03
Including    565      597         32        105   0.58   0.35    0.03
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Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver, B.C., a certified facility, using a phosphoric acid leach with ICP-ES 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.
 

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