- TSX.V: KTN
- OTC: KOOYF
Northair Intersects 9.35 Metres of 628.7 g/t Silver at La Cigarra Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to announce assay results from two diamond drill holes recently completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.
Drill highlights include:
- 82.95 metres of 121.1 g/t silver in Hole CC-11-011, including 9.35 metres of 628.7 g/t silver; and
- 96.5 metres of 76.7 g/t silver in Hole CC-11-010.
"We continue to be very pleased with the results of the recent drilling," said Fred Hewett, President & CEO of Northair. "Holes CC-11-010 and CC-11-011 have confirmed significant silver mineralization at depth, with the San Gregorio Zone remaining open along strike and down dip. We now have three drill holes that have encountered the zone at depth and this clearly demonstrates the property's potential."
While awaiting these assay results, the Company continued its drill program at the Las Carolinas Zone, located 1,000 metres southeast of the San Gregorio Zone. Drilling is testing along strike and down dip from Hole CC-11-005, which returned 48.05 metres of 140.6 g/t silver. The drill will then be moved back to the San Gregorio Zone to follow up on these continued positive results.
San Gregorio Zone
|(metres)||(metres)||(metres) Note 3||g/t||g/t|
|Notes 1, 2||56.9||0.073|
|and Note 2||180.50||199.40||18.90||60.8||0.034|
|Notes 1, 2||67.0||0.078|
|and Note 2||205.50||216.70||11.20||41.1||0.048|
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:
Plan View of the San Gregorio Zone:
Holes CC-11-010 and CC-11-011 were drilled 50 metres apart in the San Gregorio Zone to test for continuity of the silver bearing zone to depth.
Hole CC-11-010 was drilled as an approximate 50 metre step-out down dip from CC-11-003, and returned multiple zones with significant druzy quartz veining and stockwork associated with dyking in siltstones between 36.5 and 192 metres. The zone remains open to depth.
Hole CC-11-011 was drilled as an approximate 75 metre step-out down dip from CC-11-004, and returned multiple zones with significant druzy quartz veining and stockwork associated with dyking in siltstones between 80 and 216 metres. The zone remains open to depth, and is the deepest mineralization encountered to date on the property.
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. 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.
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.