Northair Receives Encouraging Sample Results at La Cigarra Silver Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") announces that an ongoing technical review has defined three potentially significant zones of silver mineralization within the recently optioned La Cigarra Project. The Company believes that all three zones have the potential to contain both high grade vein as well as bulk tonnage surface minable silver deposits. Northair is continuing legal due diligence while the Company conducts mapping and sampling of the three presently known mineralized zones.
The first of the three zones sampled by Northair, the San Gregorio Zone lies in the central portion of the property and contains two distinct areas referred to East Hill and West Hill. East Hill contains mineralization exposed through limited outcrops and mine workings over a northwesterly trending zone of approximately 185 by 50 metres, dipping moderately to the northeast. Mineralization occurs as vein swarms, stockwork, and dissemination in sediments intruded by altered rhyolites dykes and sills. To date, Northair has taken a total of 32 chip samples from East Hill, ranging in widths from 1.5 to 15 metres, with an average width of 4.3 metres. The 32 samples reported an average grade of 180 g/t silver including a low of 10 g/t silver over a width of 4 metres and a high of 991 g/t silver over a width of 3 metres.
Of the 32 samples, the 9 listed in the table below were taken over sporadic outcrops in an attempt to provide an understanding of the zone's possible width and grade.
|Width (metres)||Silver (g/t)|
* Further work will be required to estimate the true width of the zone.
West Hill, located parallel to the structural fabric of the East Hill area and 80 metres to the southwest, contains a northwesterly striking, moderately northeasterly dipping vein system. The main vein is open in both directions and has been traced on surface over a strike length of approximately 340 metres with exposed widths of mineralization that range up to 15 metres. To date, Northair has taken a total of 28 samples from surface outcrops and historic mine workings that range in sample width from 1.0 to 6 metres, with an average width of 3.3 metres. The 28 samples reported an average grade of 187.3 g/t silver, including a low of 12.9 g/t silver over a width of 3 metres and a high of 660 g/t silver over a width of 2 metres.
The La Cigarra silver project is located in State of Chihuahua along the eastern fringes of the Sierra Madre Occidental in north central Mexico. The project has good access, topography and infrastructure. Grupo Northair de Mexico, S.A. de C.A., a subsidiary of Northair, can acquire a 100% ownership in the concessions by making payments over a 5 year period totaling US$445,000. The acquisition is subject to further technical and legal due diligence by Grupo Northair, as well as approval by the Company's Board of Directors and the TSX Exchange, and registration with the appropriate Mexican government authorities.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Jim Robinson, the Company's Vice President of Exploration, and a Qualified Person under NI 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
"Fred G. Hewett"
Fred G. Hewett, P.Eng.
President & CEO
For further information please contact Fred Hewett, President or Chris Curran, Investor Relations
at 604-687-7545 or 1-888-338-2200
Website: www.northair.com/international/ Email: email@example.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See Northair's filings for a more detailed discussion of factors that may impact expected results.