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Northair Intersects 92.95 Metres of 25.8 g/t Silver at La Cigarra Project, Mexico
July 12, 2011
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to announce assay results from four diamond drill holes recently completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
Drill highlights include:
"These recent drill results are very positive as the Company continues to intersect appreciable silver values indicative of a strong mineralized system trending north from Las Carolinas towards the San Gregorio Zone," said Fred Hewett, President & CEO of Northair. "Drilling at both zones has encountered potentially economic mineralization that remains open along strike and down dip. Exploration potential on the concessions also exists over a 900 metre strike length of untested ground between Las Carolinas and San Gregorio as well as an approximate1 kilometre segment of the northerly projected mineral system between the San Gregorio and La Borracha Zones (which has yet to see core drilling). Both of these areas represent excellent upside to significantly expand the La Cigarra mineral system"
Las Carolinas Zone
|(metres)||(metres)||(metres) Note 3||g/t||g/t|
|*Hole CC-11-017 bottomed in 194 g/t silver|
Note 2: Reported widths may contain intervals with values less than 10g/t silver.
Note 3: True widths estimated +/- 80% of drill intercept.
Note 4: Some sections of mineralization carry appreciable lead and zinc values.
To view the site plan of the drilling please click on the following link:
Section 2+50 N
Section 3+50 N
Drilling Discussion -- Las Carolinas Zone
Las Carolinas North:
Holes CC-11-016, 017 and 018 were drilled within the northern portion of Las Carolinas to test for continuity of the silver bearing structures trending north towards the San Gregorio Zone. No previous drilling had been conducted in this area.
Holes CC-11-016 and 017 were drilled on section 2+50N and 100 metres north of Hole CC-11-013, which intersected 21.85 metres of 185.8 g/t silver. Hole CC-11-016 intersected a large zone of quartz-calcite veining and stockwork in sandstones and greywackes approximately 120 meters down-dip from surface. Hole CC-11-017 tested the structure approximately 65 meters down-dip from CC-11-016 and intersected multiple zones of quartz-calcite stockwork and veining in similar sediments. This hole bottomed in 194 g/t silver.
Hole CC-11-018 was drilled to test the mineralized structure as a 100 meter step-out northward from CC-11-016 and 017. The hole was collared in relatively unaltered calcareous sandstones and siltstones before intersecting a broad zone of quartz-calcite veining and stockwork approximately 130 meters down-dip from surface. A hole has also been completed down-dip from CC-11-018 and visually encountered similar mineralization with assays for this hole pending.
The results from the three holes drilled within the northern area of Las Carolinas indicate that the mineralized structure remains open down-dip and on strike to the north. The increase in quartz-calcite veining and stockwork suggests that the hydrothermal system is intensifying to the north towards San Gregorio.
Las Carolinas South:
Hole CC-11-015 was drilled within the southern portion of Las Carolinas and down dip from previously drilled reverse circulation Hole CRC-10-03 (4.6 metres @ 35.1 g/t silver and 3.1 metres of 62.7 g/t silver).
Hole CC-11-015 intersected three areas of silver-bearing, quartz-calcite veining within strongly faulted sandstone (at least 5 significant fault zones) and supports the mineralization encountered in Hole CC-10-03. The Las Carolinas mineralized structure remains open to depth and to the south towards previously drilled reverse circulation Hole CRC-10-04 (7.6 metres of 56.1 g/t silver and 9.1 metres of 22.3 g/t silver).
Assays for three additional holes (CC-11-019, 020 and 021) completed at Las Carolinas are pending and will be reported when available. While Northair awaits the assays from these holes, drilling will continue at San Gregorio with the program stepping-out along strike in both directions and downdip.
Sampling and QA/QC
All technical information for the La Cigarra exploration 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 delivered by the Company via courier to ALS Chemex Labs in Chihuahua for drying, crushing and pulverizing; with the pulps sent airfreight by ALS Chemex to Vancouver B.C. for analysis. Systematic assaying of standards and blanks are performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
About the La Cigarra Silver Project
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 with three identified zones along a three kilometre trend.
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: 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.
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.