- TSX.V: KTN
- OTC: KOOYF
Northair Reports Continued Exploration Success at La Cigarra Silver Project, Mexico Las Carolinas Zone Sample Results Include 4 metres of 334 g/t Silver
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") announces that additional encouraging assay results have been received from the La Cigarra Project located in the state of Chihuahua, Mexico. Sampling of the Las Carolinas Zone, located in the southern portion of the property continues to demonstrate the potential of the property. Las Carolinas is one of three zones currently identified within the project, (click here to see map) and is located approximately 800 metres southeast of the San Gregorio Zone, whose initial sampling results were announced April 29, 2009 (see INM Press Release #09-05). Results for the La Boracha Zone located approximately 800 metres northwest of the San Gregorio Zone, were announced June 15, 2009 (see INM Press Release #09-08). The three zones sampled to date occur over a three kilometre trend containing a low-sulfidation silver dominant mineralized system that presents an attractive exploration target.
Northair has completed a first phase of geologic mapping and rock chip sampling within the Las Carolinas Zone, which contains some of the largest historic mine workings within the property. Mineralization has been traced over a strike length of approximately 500 metres, and is open in both directions. The zone is generally estimated to range up to 50 metres in width, although additional mapping and sampling is necessary to confirm its dimensions. The mineralization mapped to date is associated with intensely altered dike swarms intruding sedimentary rocks. The Company has taken 35 rock chip samples, ranging in widths from 2 to 10 metres, with an average width of 4.1 metres. The 35 samples reported an average grade of 192.3 g/t silver including a low of 4.3 g/t silver over 10 metres and a high of 334 g/t silver over 4 metres. Of particular interest is evidence of strong silver values reported in several samples taken from altered rhyolite dikes, including 5 metres of 215 g/t silver.
The La Cigarra silver project consists of six concessions and 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 of the concessions by making payments over a 5 year period totaling US$445,000 with no royalties. The acquisition is subject to final 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: firstname.lastname@example.org
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.