- TSX.V: KTN
- OTC: KOOYF
Northair Assays 19.8 Metres of 0.305 g/t Gold and 87.4 g/t Silver From La Cigarra Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to report additional gold assays from the recently completed drill program at the La Cigarra Project, located in north central Mexico.
The Company previously announced significant silver results (see INM press releases dated July 13 and 21, 2010, respectively) from the fifteen hole program and due to positive results from initial random gold sampling has begun an additional program to assay for gold. The table below lists significant gold values received to date from the San Gregorio Zone:
Notes: Holes CRC-10-05 & 11 - Complete gold analysis received
Holes CRC-10-06 - Partial gold analysis received. Analysis for remainder of hole in progress
Holes CRC-10-07 to 10 incl. - Gold analysis for complete holes in progress
All seven drill holes (CRC-10-05 to 11 inclusive) located in the San Gregorio Zone will be fully analyzed for gold. Results of the assays will be released when they become available.
Select sampling for gold from random holes in the Las Carolinas and La Boracha Zones has been completed, with anomalous but low values received. The most significant gold values are from the Las Carolinas Zone, as shown in the table below.
To view a complete summary of the Company's drill results to date click on the following link:
To view a plan of the drilling, click on the following link:
The Company considers these additional gold results to be very positive for the La Cigarra Project. Results from the additional sampling are anticipated within three weeks. Northair is currently developing plans for the next stage of exploration to expand targets on the property, with details of the program to be announced shortly.
The La Cigarra Project is located in State of Chihuahua along the eastern fringes of the Sierra Madre Occidental in Mexico. Local topography is gentle with good road access to the major city of Parral, located 26 kilometres to the south east. The La Cigarra Project hosts a silver-rich, epithermal mineral system that is controlled by a northwest striking fault system that has localized silver (lead, zinc, copper and gold) mineralization hosted in sediments and related to rhyolite dikes and flows. La Cigarra has witnessed limited mining and prospecting with no previous apparent drilling along this northwest striking structural trend. Surface sampling from the Company during 2009 and 2010 was successful in highlighting three mineralized centers (Las Carolinas, San Gregorio and La Boracha Zones), and the recent reverse circulation drill program focused on these zones. Grupo Northair de Mexico, S.A. de C.A., a subsidiary of Northair, can acquire a 100% property ownership by making payments over a 5 year period totaling US$445,000 with no royalties.
The grades from the initial surface sampling reported at La Cigarra appear to be similar in scale to those of the Santa Barbara-San Francisco del Oro sub-districts of Parral that have produced over 440 million ounces of silver. Although La Cigarra has probably had very limited silver production, the Parral Region in total has produced over one billion ounces of silver and over one million ounces of gold, placing it in the top ten silver districts in Mexico.
Sampling and QA/QC
All technical information for the La Cigarra drill program is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are picked up on site by ALS Chemex Labs and taken to Chihuahua for drying, crushing and pulverizing; with the pulps sent by airfreight to ALS Chemex in Vancouver BC for analysis. Systematic assaying of standards and blanks are performed for precision and accuracy. Analysis for silver, zinc, lead and copper was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish. Certain pulp and reject samples were analyzed by a second independent laboratory.
This news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Fred Hewett the Company's President and CEO, 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.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.