Newmac explodiert nach Gold Fund !

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17.03.11 20:48

1316 Postings, 7618 Tage InvestoxNewmac explodiert nach Gold Fund !

Keine Schulden 2,6 Mio CAD MCAP Assets 8 Mio $ und heute diese News ! Canada 2,3 Millionen Stücke 90 % Plus !




Newmac finds gold in Crazy Fox molybdenum results

2011-03-17 11:27 ET - News Release


Mr. David Hjerpe reports


Newmac Resources Inc. has commenced a review of past drill logs on the  Crazy Fox project for gold potential.    The Crazy Fox  molybdenum-tungsten-gold  property  is located about 100 kilometres  north of Kamloops, B.C., on the eastern edge of the Cariboo Plateau  about 20 km northwest of Little Fort, B.C.

Twenty-seven drill holes in the upper plate of the Crazy Fox intrusion  were incidentally assayed for gold while primarily assaying for  molybdenum.  The significance of gold in the mineralized system was not  realized until recently reviewed by David Bridge, PGeo, a geologist  working on the project. Mr. Bridge reviewed the old drill logs and  corresponding assays and noted that three drill holes have gold  mineralization greater than 0.1 gram gold per tonne, the detection limit  with the assay package used. The better of these holes, hole CF-06-19,  intersected 299.8 metres averaging 0.508 gram per tonne gold (from 5.2  metres to 305 metres).  The second hole, CF-06-05, located approximately  600 metres to the southeast,  intersected 2.0 metres assaying 0.50 g/t  gold (from 71.4 to 73.4 metres).  The third hole, CF-06-32, located  approximately 100 metres to the west, intersected 0.8 metre assaying  0.50 g/t gold (from 63.1 to 63.9 metres).  Assays from diamond drill  logs describe low-angle fractures down the core in hole CF-06-19, which  may explain why mineralization was encountered in this hole and not  others in the vicinity (hole CF-06-19 is flanked by drill holes to the  east and west which did not return gold determinations above the 0.100  g/t detection limit used in the analytical procedure.  It is noted that  additional pathfinder minerals including arsenic and bismuth are present  in hole CF-06-19.

A summary of the significant results obtained in hole CF-06-19 is shown in the table.

Hole        Intercept (m) From (m)     To (m)   Mo (%)  W (%)  Ag (g/t)  CF-06-19             5.2    305.0      299.8    0.021  0.073     0.508 including           18.0     50.0       68.0    0.015  0.126     1.100 including           72.0    174.0      246.0    0.034  0.058     0.750

The company has not yet determined the full significance of this gold  mineralization, as diamond drill holes in the vicinity of hole CF-06-19  did not encounter any gold mineralization greater than 0.1 g/t, which  was the detection limit of the assay procedure used.  As soon as weather  permits further investigation into the gold potential of the upper and  lower plate, and other areas of the Crazy Fox property will commence.  Most drill pulps are available for reassay but are currently  inaccessible in storage at the project lodge facilities which are  presently snowed in. Gold assays were never determined in diamond drill  holes CF07-41 to CF-08-57, which were predominantly drilled in the lower  plate of the Crazy Fox structure

David Hjerpe, chief executive officer, said,  "Having found gold  mineralization that goes with the molybdenum mineralization was a great  surprise to all of us at Newmac,  this shows the great potential in the  lower half of the intrusion where molybdenum mineralization was greater,  and gold has never been assayed for."

Assays were performed by Acme analytical Laboratories Ltd. of Vancouver,  B.C., in 2006 using ICP-mass spectrometry methods. Technical content of drill logs and the original drill program was  conducted by W.A. Howell, PGeo, a qualified person within the  definitions of  National Instrument 43-101.

The information presented in this press release has been reviewed and  approved by David J. Bridge, PGeo, qualified  persons (as defined by  National Instrument 43-101).

We seek Safe Harbor.




15.12.12 16:42

6809 Postings, 6881 Tage alpenlandnach reverse Split etwas Erholung

halte leider diese Depotleiche.

Nach einem Split 20 -> 1 nun leichte Erholung.

NEWMAC RESOURCES ORD Kanada CAD 15:58:19 0.35 0.03 (9.38 %) vol 4'525  

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