Silber Companies - Liste und Neues

@eldo,
wieso sind dir nur die, die fallen, ein Rätsel?
Die, die steigen, sind es auch.

Mexico Mike zu den Impact Zahlen:
sehr schön beobachtet, dass sie mit drei Währungen arbeiten.
Wie gesagt, ich kann mit den Zahlen leben.

Kennt wer noch eine silver company, die verdient.
ich kenn nur capstone (ca 15 mille?, aber das verdienen sie mit den anderen Metallen). Aber die haben ihr Silber schon an Silverstone verscherbelt.
Verdient Genco noch was?

It was no coincidence IMO that IPT came out with that report late on a friday. I think the earnings were are total disappointment. The operating numbers were okay, but the market values a company on net earnings. To just dismiss the shitty numbers on the basis of a high Cando does not cut it, because the silver and base metals prices were also higher due to the same weak US dollar. I mentioned to Fred about a year ago that it was time to lock in some form of currency hedging. Nothing speculative, just an investment to insure against unprecidented Cando strength and ensure that the earnings do not go down the drain when converting operating results back into Canadian dollars. Perhaps the company will take the suggestion more seriously now.

IPT is still positioned to be a home run play in the future, especially if silver really breaks out, but lets not forget about delivering strong results quarter-over-quarter. At least now I know why the stock sold off with a 20% haircut during the last month. And probably EGD is also in the same boat.

cheers!

mike
_________________
"Evil will always win because good is dumb." - SPACEBALLS

Der Spruch ist wirklich gut......

Gammon mit monatlichen updates:
http://biz.yahoo.com/cnw/07112…mongold_updates.html?.v=1

Aurcana mit Zahlen: sehr interesant, was da so vor sich geht:
http://biz.yahoo.com/ccn/071126/200711260427617001.html?.v=1

Exmin kauft ein:

EXMIN Acquires Drill Target Near the Penasquito Mine, Zacatecas, Mexico
Monday November 26, 9:26 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 26, 2007 -- EXMIN Resources Inc. (EXMIN) (CDNX:EXM.V - News) is pleased to announce that it has acquired a group of 5 mineral concessions covering approximately 67.4 hectares in the Melchor Ocampo district of Zacatecas, Mexico. One 12 hectare concession was staked after being cancelled and declared free by the Mexican government, and 4 concessions were optioned from private individuals. Three of the concessions are contiguous and cover part of a known exploration target at Las Coloradas that was previously identified by Echo Bay Exploration (Echo Bay) in the 1990's, while the remaining two concessions cover a portion of the potential down dip extension of the target. The Melchor Ocampo district occurs in a similar geologic environment as the world-class Penasquito deposit of Goldcorp Inc. (Goldcorp), located approximately 20 kilometres to the south, where Goldcorp has reported proven and probable reserves of 917 million metric tons with grades of 0.44 grams per metric ton (g/t) gold, 29.3 g/t silver, 0.33 % lead, and 0.72 % zinc.

ADVERTISEMENT

Karl Boltz, President and CEO of EXMIN, stated, "Previous exploration by Echo Bay in the 1990's demonstrated the presence of a large zoned polymetallic mineralized system at Las Coloradas. Dr. Craig Gibson, our Executive Vice President of Exploration, ran the exploration drill campaign for Echo Bay. This acquisition gives us an immediate, defined drill target in a very prolific mining region with numerous past and currently operating mines, including the new Penasquito mine which is under construction."

The Target

Mineralization in the Concepcion del Oro region is characterized by carbonate replacement deposits related to intermediate intrusions, and includes several mines and historical producers at Concepcion del Oro, Terminal de Providencia, Salaverna, Santa Rosa, Noche Buena, Melchor Ocampo, and Penasquito. Several companies have explored in the Melchor Ocampo district over the last 15 years, but most left during the low metals prices at the end of the 1990's.

Echo Bay explored in the district for replacement gold deposits, but also encountered a silver-lead-zinc mineralized system at Las Coloradas. The three contiguous concessions controlled by EXMIN cover about 32 hectares (80 acres) over the area identified by Echo Bay, as well as about 35 hectares (86 acres) over the possible down dip extension. All of the concessions are adjacent to and partly surrounded by several concessions controlled by Minera Penasquito, a subsidiary of Goldcorp.

The mineralization consists of replacements of moderately dipping sedimentary rocks in the north limb of the Zuloaga anticline (information can be viewed at http://www.exmin.com). EXMIN has obtained part of the Echo Bay data package including reverse circulation drill hole data. Eight drill holes were completed within or close to the boundaries of the acquired concessions (to view attached Figures please click on: http://www.ccnmatthews.com/docs/exm1126figs.pdf), and the mineralized intercepts suggest that a large deposit potentially may be present (see table of drill results below). One of the holes intersected 69 metres with 51 g/t silver, 1.2 % lead and 1.1 % zinc and was drilled on ground controlled by EXMIN. This drill hole was stopped due to drilling problems and ended in mineralization.

Echo Bay intercepts(1) at the Las Coloradas target
---------------------------------------------------------------
Interval (m) Inter-
------------- cept Au Ag Pb Zn
Hole(2) From To (m) (g/t) (g/t) (%) (%)
---------------------------------------------------------------
---------------------------------------------------------------
Z96-11 13.5 37.5 24.0 0.493 38.6 0.5 0.6
Z96-12 52.5 73.5 21.0 0.108 53.2 0.5 0.6
Z96-13 76.5 111.0 34.5 0.089 31.8 0.5 0.4
Z96-14 136.5 148.5 12.0 0.150 77.6 0.6 0.6
159.0 165.0 6.0 0.190 19.3 0.4 0.2
Z96-15 31.5 54.0 22.5 - 16.2 0.2 0.2
54.0 66.0 12.0 0.0970 33.5 0.3 0.2
66.0 102.0 36.0 - 10.6 0.2 0.1
Z96-16 85.5 99.0 13.5 - 13.8 0.1 0.2
99.0 124.5 25.5 0.040 58.4 0.7 0.9
Z96-34 40.5 57.0 16.5 0.583 109.4 1.5 0.9
Z96-35 171.0 240.0 69.0 0.084 51.4 1.2 1.1
includes 202.5 225.0 22.5 0.034 61.4 1.5 1.6
---------------------------------------------------------------
(1)-Drilling by Echo Bay was conducted under the supervision of
Dr. Craig Gibson. Samples were subjected to normal quality
control/quality assurance procedures, including insertion
of standard samples into the sample stream and second lab
check analyses, and are believed to be reliable.
(2)-Drill holes or intercepts in holes 13, 14, 16 and 35 are
believed to be on EXMIN ground, and intercepts within the
remaining holes are believed to be within 50 metres of the
concession boundaries.

The Deal

EXMIN has agreed to make staged payments over a five year period of the option agreement for a 100% interest with no NSR, under the following terms:

1. Payment of US $20,000 on signing (paid);

2. Payments totaling US 140,000 during the first three years of the agreement;

3. Payments totaling US $140,000 in year 4 of the agreement;

4. Subsequent payments totaling US $700,000 in the 5th year.

EXMIN will assume the normal requirements to keep the concessions in good standing with the Mexican Mining Secretariat, and can terminate the contract unilaterally at any time, with no further obligations to the titleholder. There is no work commitment other than that required by the Mexican mining law.

Quality Assurance

Sample geochemical data, including partial laboratory digital data, were obtained by EXMIN and are believed to be reliable. Assays were completed mainly by Bondar Clegg, since acquired by ALS Chemex, and by Cone Geochemical of Denver. Two standard samples prepared from bulk samples of mineralized material from the project were inserted into the sample stream, and duplicate samples were analyzed in blind tests or at a second lab. Gold analyses by Bondar were performed by fire assay with an AA finish and other elements were analyzed as part of a multi-element ICP package with an aqua regia digestion. Silver values from some samples were re-analyzed by Cone Geochemical using a four acid "total" digestion and AA methods.

Dr. Craig Gibson, PhD., Certified Professional Geologist, and Executive Vice President of Exploration is the authorized professional geologist for the Company and the direct manager of all technical programs and information.

Das Novagold Begräbnis wurde hier besprochen:
http://www.goldseiten-forum.de…?postid=220713#post220713

Guter artikel dazu:
http://www.theglobeandmail.com…AM.20071126.wtecknova1126

Das ist mir auch verständlich.

Was ich nicht verstehe, ist, dass Goldquest auf diese Meldung hin um 33% fällt.
Ich hab ja beide nicht, aber diese Dinge sind ziemlich wichtig, dass man sie annähernd versteht, weil verschont bleibt man davon nicht.....
Dass ich Novagold nicht mehr habe, verdanke ich barrick.
Da floh ich....
Andererseits hat Barrick da früher schon mal Zweifel an den zahlen der Feasy gehegt.
Aber ich glaub, das war bei Donlin

Mir geht´s ja ähnlich mit CPN.TO und UNO.V, aber das kann ich eher nachvollziehen....

GoldQuest Announces Further Drill Results From Las Animas
Monday November 26, 9:30 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 26, 2007 -- GoldQuest Mining Corp. ("GoldQuest" or the"Company") (CDNX:GQC.V - News)(Frankfurt:M1W.F - News) is pleased to announce the latest batch of drill results from exploration drilling on its 100% owned Las Animas project in the Dominican Republic. Results from an additional six drill holes (LA-21 to LA-26) totalling 1,137 metres are reported.

The highlights of the latest drilling from holes LA-21 to LA-26 are as follows:

- Massive sulfide drill intercept in hole LA-26 of 67.77 meters grading 3.38% Cu, 3.98% Zn, 1.49 g/t Au and 26.52 g/t Ag; the true width of this drill intercept is estimated to be 20 to 25 meters;

- Hole LA-26 has extended mineralization vertically from surface to a depth 355 meters and is interpreted as open and thickening at depth. The previous deepest intercept was 275 meters in hole LA-10;

- Massive sulfide drill intercept in hole LA-21 with 5.79 meters grading 3.66% Cu, 5.24% Zn, 14.77 g/t Au and 120.81 g/t Ag.

Alistair Waddell C.E.O. commented "these results continue to expand the Las Animas massive sulfide body and we are encouraged by the continuity of mineralization at depth and the possible thickening of the zone to greater than 20 meters. We are developing a better understanding of the geometry of this body and the gold values in hole LA-21 shows the variation in grade we can expect. Going forward we will to continue to further define the geometry and thickness of the mineralization at depth and along strike by drilling."

Hole LA-26 was drilled as a deep perpendicular "scissor hole" below hole LA-10 to test the continuity of the massive sulfides at depth. The hole was collared 74 m south of LA-13 and was drilled in a northerly direction at an inclination of -77 degrees.

The hole cut rhyolite with increasing alteration to sericite schist down-hole, followed by massive sulfides, then siltstone hangingwall. The upper part of the hole to 265.10 meters is in massive rhyolite with sericite alteration, followed by pyritic sericite schist. There are localized banded, semi-massive to massive sulfide zones of pyrite replacing the matrix of hyaloclastite breccias. Bedding is typically at 40degrees to the core axis. The massive sulfide intersection extends from 330.70 to 398.47 meters and comprises pyrite, chalcopyrite, sphalerite and barite. This returned 67.77 meters grading 3.38% Cu, 3.98% Zn, 1.49 g/t Au and 26.52 g/t Ag. The massive sulfide in the first (stratigraphically lowest) part is massive textured interpreted as replacement, followed by a thicker zone that is poorly bedded and brecciated which is interpreted as bedded sea-floor exhalative with slumping, which may be related to the basin deepening. The upper part is bedded with exhalative and volcanic sediments. The massive sulfides are followed by (overlain by) white siliceous and sericite altered siltstone for 5.65 m to the end of the hole at 404.12 m.

This is the second longest drill intersection of massive sulfide drilled to date at Las Animas. The hole cut the massive sulfide at an angle of approximately 20 degrees, indicating that the body dips 85 degrees to the south and is overturned with an estimated true thickness of about 20-25 meters. This is significantly thicker than that intercepted in hole LA-13 and indicates downward thickening.

Hole LA-21 was drilled 27 m south of LA-19 and LA-20 on the next fence west of LA-26. The hole has an azimuth of 360 degrees, inclination of -70 degrees and a length of 161.72 meters. It intercepted sericite schist with pyrite to 131.78 meters followed by 5.79 m of massive sulfide. This consists of pyrite, chalcopyrite, sphalerite and barite (with core angle of bedding of 25 - 50 degrees) and is followed by hangingwall siltstone to the end of the hole.

The massive sulfide returned 5.79 meters grading 3.66% Cu, 5.24% Zn, 14.77 g/t Au and 120.81 g/t Ag and includes one sample with 55.9 g/t Au. Mineralization extends into the hanging wall and footwall and is part of a wider interval of 24.00 m at 3.66 g/t Au, 30.09 g/t Ag, 1.47% Cu and 1.44% Zn. The intersection is correlated with the lower massive sulfide interval intercepted in hole LA-20 to give the body a dip of 55 degrees south with overturned stratigraphy.

LA-22 was drilled 11 m north of hole LA-07 with azimuth to the south at an inclination of -65 degrees to test the continuity of the mineralized horizon below that intercepted in LA-07. The hole was collared in hanging wall siltstones to 53.20m. There is 2.74 m of sulfide-rich sericite schist at 47.26 m to 50.00 m, with 25% pyrite coated by chalcocite. It is oxidized from 48.70 m. This is followed by 3.20 m of siltstones (50.00 - 53.20 m) and a 0.40 m quartz vein. Sericite schist starts at 53.60 m and continues to the end of the hole at 100.62 m. The hole returned 64.22 meters grading 0.31 g/t Au from 36.42 to 100.62 meters. The mineralized horizon is represented by sulfide-rich sericite schist. This section shows a downwards facies transition from barite with sulfides (now gossan) on surface in LA-07, to sulfidic sericite schist in LA-22.

Hole LA-23 was drilled 53 meters SSW of LA-18 and 18 meters west of LA-21. It was drilled at an inclination of -75 degrees to the NNE for a length of 213.43 meters. The hole cut rhyolite and sericite schist with alteration intensity decreasing down-hole. The contact with the hangingwall siltstone was reached at 208.75 m, indicating a steepening of the contact from 40 degrees to about 80 degrees south. The stratigraphy is overturned and no mineralization was present at the contact although there are sulfide rich zones within the sericite schist. The hole returned two intervals of mineralization within sericite schist including 18 meters grading 0.29% Zn (from 42.00 to 60.00 m) and 20 meters grading 0.24% Zn (from 190.0 to 210.00m).

LA-24 was a vertical hole drilled to the south of LA-17 to 91.47 meters depth. The hole cut rhyolite with a decrease in intensity of alteration downhole from sericite schist in the upper part to illite altered rhyolite and transition to chlorite alteration. The sericite and illite alteration have up to 5% disseminated coarse pyrite. The contact with black carbonaceous siltstone is at 83.70 m with trace pyrite and 2% goethite. No massive sulfides were intercepted in this hole but the contact zone returned 10.42 meters grading 0.44% Zn from 81.05 meters to the end of the hole. The zinc values and the alteration in the LA-24 hanging wall sediments correlate with those drilled in hole LA-12 which returned 60.45 meters grading 0.48% Zn suggesting there may be another zone of massive sulfide mineralization nearby.

LA-25 was drilled on the western gossan zone, 19 meters north of hole LA-15 and inclined at -55 degrees to the south below LA-15, below the gold-bearing gossan outcrop, and across LA-14 to test the mineralization at greater depth. The hole was entirely in rhyolite to the final depth of 167.68 m. There is a 0.93 m interval of massive sulfide between 102.14 -103.07 m with a massive texture and medium grain size. The hole did not return any significant values.

Going forward the Company's objective is to continue to further define the geometry and thickness of the mineralization at depth and along strike by drilling. The company has recently secured a contract for a more powerful drill rig from Energold Drilling Corp. capable of drilling much deeper holes than at present. The new drill is expected to arrive in the Dominican Republic in December ready to commence drilling in the New Year.

The Company has also embarked on a programme of geological mapping and detailed follow up of various gossans and anomalous zones sampled during the first phase mapping of the district including outcrop, float and stream sediment anomalies. In terms of project scale exploration the work programmes can be divided into two parts, the first being in the area of the massive sulfide body directly along strike where the company is extending the current soil survey both to the northwest and southeast beyond the current limits of the existing soil grid. The second part is a more regional programme following up gossan, float and stream sediment anomalies generated during the regional sampling programme. This will consist of more detailed geological mapping, localised soil grids and infill stream sediment samples covering the 26.1 Km2 of contiguous claims which cover a large block of prospective felsic volcanic rocks which host the Las Animas massive sulfide mineralization.

Results from further drilling will be released as soon as they are received from the laboratory. Further information including updated maps and cross sections will be posted on the GoldQuest website shortly.

---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Length From (m) To (m) Gold Silver Copper Zinc Oxide or
(m) (g/t) (g/t) (%) (%) Sulfide
---------------------------------------------------------------------------
LA-21 18.88 7.12 26.00 NSV NSV NSV 0.26 Sulfide
---------------------------------------------------------------------------
and 24.00 130.00 154.00 3.66 30.09 1.47 1.44 Sulfide
---------------------------------------------------------------------------
including 5.79 131.38 137.17 14.77 120.81 3.66 5.24 Sulfide
---------------------------------------------------------------------------
LA-22 64.20 36.42 100.62 0.31 NSV NSV NSV Sulfide
---------------------------------------------------------------------------
including 16.00 72.00 88.00 0.27 NSV NSV 0.27 Sulfide
---------------------------------------------------------------------------

LA-23 18.00 42.00 60.00 NSV NSV NSV 0.29 Sulfide
---------------------------------------------------------------------------
and 20.00 190.00 210.00 NSV NSV NSV 0.24 Sulfide
---------------------------------------------------------------------------
LA-24 10.42 81.05 91.47 NSV NSV NSV 0.44 Sulfide
---------------------------------------------------------------------------
LA-26 67.77 330.70 398.47 1.49 26.52 3.38 3.98 Sulfide
---------------------------------------------------------------------------
---------------------------------------------------------------------------

Table 1: Length-weighted average grades of drill holes. Note that the lengths are drill intersection widths and that there is still insufficient data to calculate the exact true widths of the massive sulfide body. In the case of core duplicates and repeat analyses, the average value has been used. NSV equals No significant values.

About GoldQuest

GoldQuest is an exploration company focused on the Dominican Republic. Through regional grass-roots generative exploration and new geological models the Company has built a portfolio of new gold and copper discoveries.

Dr Stewart D. Redwood, FIMMM, Consulting Geologist to the Company is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the content of this news release. Preparation and geochemical analyses of samples were carried out by Acme Analytical Laboratories Ltd. Standards, blanks and duplicates are routinely inserted into all sample batches for quality assurance and quality control.

GoldQuest is traded on the TSX-V under the symbol GQC.V and in Frankfurt with symbol M1W.

On behalf of the Board of Directors

Alistair Waddell

Also, was zur Zeit abläüft, ist schlicht und einfach Scheiße.
Aber dass man die noch durch den ventilator jagt!

Meldung von Carpathian:
http://biz.yahoo.com/ccn/071128/200711280428180001.html?.v=1

Geringe grades, wohl. Aber das ist open pit, alles easy. Resourcenausweitung etc.
Man jagt sie in den Keller.
Das nächst PP wird billig und die dilution groß.

Gammon lake und Novagold: zeigt mal wieder, dass man sich resourcen im Boden in den Arsch stecken kann. Gut, das weiß ich schon länger.......
Es zählt einzig, wieviel und zu welchem Preis man etwas herausbringen kann und der Erlös.
Aber wenn gammon 680 hinlegen muss um eine oz zu fördern, dann war es das, bis sich da was ändert.
Übrigens, werden alle Hebammendienste teurer (siehe Novagold).
Was wieder für höheren POG und POS spricht.
Aber bis dahin muss man durchfinanziert sein, sonst siehe Carpathian.

Wie gesagt: siehe erster Satz.

Grüße
Tschonko

PS: Scorpio Gold sollte man beachten.
http://biz.yahoo.com/cnw/071128/scorpio_intercept.html?.v=1

Hab mir mit dem letzten Geld ein paar Aurcana gekauft. Günstig!
Die gestrige Meldung hat mir nicht schlecht gefallen.

GQC.V wird auch übermäßig abgestraft. Könnte einer DER Gewinner werden in 2008, wenn das deposit so ist, wie nach der ersten bohrung vor einigen Monaten vermutet.
Let´s looky, looky!

Seh ich soeben am Radar!:
So was liebt der markt, der alte Idiot!

Großer Fund:
http://biz.yahoo.com/cnw/071128/scorpio_intercept.html?.v=1

Newmac Resources Inc.: Over 635 Meters (2083 Feet) of a Brand New Molybdenum Mineralized Zone Discovered at Crazy Fox

http://biz.yahoo.com/ccn/071128/200711280428340001.html?.v=1

recorder,
Risiko ist nicht so groß bei Sabina.

Hab mir ein paar newak noch geangelt nach der gestrigen Meldung.
http://biz.yahoo.com/ccn/071128/200711280428340001.html?.v=1

http://www.newmacresources.com/

ie werden in D auch gecovert. Ist ein reiner Zock. Tut sich was, dann kann ich damit andere schließen.

Heute gibt´s bei CBE.V Zahlen. Erwarte mir nicht viel. Hoher Umsatz, wenig im Netz. Aber das wäre schon wichtig.......

Noch ein Produzent, der ganz gut verdient.

http://biz.yahoo.com/ccn/071128/200711280428425001.html?.v=1

Der Bericht ist sehr lang, hier ein auszug:

Excellon Reports Annual Net Income of $9,483,863
Wednesday November 28, 5:05 pm ET

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2007) - Excellon Resources Inc. (TSX VENTURE:EXN - News) reports net income of $9,483,863 for the year ended July 31, 2007, and $1,861,568 for the three month period ended July 31, 2007. For full details, please see the Company's Management Discussion & Analysis, which was filed on SEDAR, http://www.sedar.com, on November 28, 2007.

2007 HIGHLIGHTS:

- Reported earnings of $0.07 per share;

- Produced 2.3 million ounces of silver, 10.2 million pounds of lead, 8.9 million pounds of zinc;

- Paid for and cancelled all silver debentures shortly after fiscal year end;

- More than doubled estimated NI 43-101 resources;

- Sales of $38,093,009, operating income of $13,928,053 and net income of $9,483,863;

- Working capital of $6,340,137;

- Strengthened management and operations team;

- Extended mineral and surface rights holdings at Platosa;

- Began mill evaluation and permitting process; and,

- Restated Interim Financial Results for the quarter ended April 30, 2007. The major item relates to changes in Mexican tax law that affected estimated future tax recoveries, which were reduced by $2,455,437.

To view the Financial Highlights, please visit the following link: http://www.ccnmatthews.com/docs/financial_highlights.pdf

Lenz,
jetzt verkaufen ist nicht sehr sinnvoll, eigentlich ein Blödsinn

Gammon wird schon wieder kommen, Novagold schaut zur Zeit nicht gut aus.

Ich hab mich heut auch verspekuliert mit der Newmac....
Aber was muss ich auch so einen Blödsinn machen.
Fällt ins irrationale Zeitband.
Neue Baustelle.....

Grüße
Tschonko

@eldo,
wieso, mit der SMR bist hinten?
Die Cliffie sackt mich auch schon voll an.
Aber wir hatten da in den letzten Jahren null dilution und geändert hat sich auch nichts.
Irgendwann werden sie schon wieder draufkommen...

Ist moira nicht eine der drei schicksalweberinnen?
Nahe am Crazy fox, das ist schon mal nicht schlecht.

Newmac Resources Inc
(NER.V)

Shares Issued 18,944,965
Last Close
11/28/2007 $0.76
Thursday November 29 2007 - News Release

Mr. David Hjerpe reports

MOIRA MOLYBDENUM PROPERTY OPTIONED

Newmac Resources Inc. has entered into an agreement to option a
100-per-cent interest in the Moira molybdenum project, located 18
kilometres northwest of Clearwater, B.C., for $5,000 and the issuance
of 50,000 common shares, subject to a 2-per-cent net smelter return.
The property comprises six claims totalling approximately 2,440
hectares or 6,003 acres. Newmac Resources was made aware of the Moira
molybdenum project while it was conducting exploration on its Crazy Fox while looking for other underexplored molybdenum
projects in the area.

Available records indicate that two exploration programs were
completed on the Moira property in 1978 and 1980 by Kerr Addison Mines
Ltd. The first program was a soil sampling program that outlined a
molybdenum soil anomaly 1,500 by 800 metres in size in an area of small
creeks. The second exploration program was a frequency effect induced
polarization survey that outlined a 500-by-400-metre anomaly.

Management of Newmac Resources believes that underexplored
molybdenum targets currently represent a tremendous opportunity in
light of the current price for molybdenum and the renewed interest in
British Columbia by global mining companies. Although the company is
still compiling data it believes that completing a first-pass induced
polarization survey will be an effective way to initiate exploration on
this target.

J.W. (Bill) Morton, PGeo, is the qualified person as defined by
National Policy 43-101 who has reviewed the contents of this news
release.