Northair Updates Drilling at La Cigarra Silver Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to announce assay results from the first two holes of the current Phase II core drill program at the La Cigarra silver project located in north central Mexico. Drill highlights of the program to date include 80.45 meters of 123.5 g/t silver in Hole CC-11-002 at the San Gregorio Zone.
"We are very pleased with these initial core drill results", said Fred Hewett, President and CEO of Northair. "Although very early in the program, the results continue to reinforce our belief that La Cigarra warrants extensive exploration and has the potential to host a significant silver deposit."
Drill Highlights:
| Hole | From
(metres) |
To
(metres) |
Drill Interept
(metres) Note2 |
Silver
g/t |
Gold
g/t |
|---|---|---|---|---|---|
| CC-10-001 | 42.55 | 53.50 | 10.95 | 30.8 | 0.034 |
| 83.40 | 85.35 | 1.95 | 81.6 | 0.051 | |
| 92.35 | 93.75 | 1.40 | 70.0 | 0.076 | |
| 101.00 | 103.10 | 2.10 | 76.6 | 0.111 | |
| 134.65 | 152.65 | 18.0 | 54.6 | 0.039 | |
| includes | 135.85 | 150.90 | 15.05 | 60.8 | 0.039 |
| including | 142.00 | 144.70 | 2.70 | 100.3 | 0.048 |
| 148.95 | 150.90 | 1.95 | 204.8 | 0.088 | |
| CC-11-002 | 46.00 | 126.45 | 80.45 | 123.5 | 0.080 |
| Note 1 | 80.45 | 91.2 | 0.080 | ||
| includes | 46.00 | 106.15 | 60.15 | 117.2 | 0.077 |
| Note 1 | 60.15 | 105.2 | 0.077 | ||
| including | 60.00 | 78.50 | 18.50 | 254.6 | 0.116 |
| Note 1 | 18.50 | 215.5 | 0.116 | ||
| 98.2 | 106.15 | 7.95 | 126.9 | 0.115 | |
| 121.60 | 126.45 | 4.85 | 559.7 | 0.160 | |
| Note 1 | 4.85 | 174.3 | 0.160 | ||
| and | 149.35 | 169.15 | 19.80 | 44.2 | 0.035 |
| includes | 149.35 | 159.75 | 10.40 | 55.5 | 0.036 |
Note 1: Interval with high silver values cut to 500 g/t
Note 2: True width estimated +/- 80% of drill intercept.
Discussion of Drill Results
The current Phase II core drilling is designed to confirm the results from the Phase I reverse circulation drilling and provide the basis for an expanded drill program on the property. Core drilling will provide the Company with a much better understanding of the geology and related structures within the zones, all of which remain open along strike and down dip. Drill holes were laid out to intersect the zone at close to an optimum angle, but reported mineralized intercepts are considered less than true widths. Drill results for two additional holes completed in the San Gregorio Zone and along strike to the south of CC-11-002 are pending, along with two holes from the Las Carolinas Zone. Results will be released once assays are received and interpreted.
The previous Phase I reverse circulation drill program was the first drill test of the property and successfully identified three mineralized targets. Drill highlights include 32 metres of 132.4 g/t silver in Hole CRC-10-06 and 21.3 metres of 101.6 g/t silver in Hole CRC-10-11 at the San Gregorio Zone, 10.7 metres of 172.5 g/t silver in Hole CRC-10-01 at the Las Carolinas Zone and a near surface intercept of 7.3 metres of 68 g/t silver in Hole CRC-10-13 at the La Boracha Zone. All intercepts returned anomalous and locally significant zinc with lead and copper, with certain selected portions of the holes also returning significantly anomalous gold values.
To view the location of the drilling, please click on the following links:
www.kootenaysilver.com/i/pdf/northair/2011-02-23_La_Cigarra_Area.pdf
www.kootenaysilver.com/i/pdf/northair/2011-02-22_San_Gregorio_Zone_Drill_Holes.pdf
To view the Cross Section pertaining to the drilling, please click on the following link:
www.kootenaysilver.com/i/pdf/northair/2010-02-23_Press_Release.pdf
About 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. Mineralization 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. 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.
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 BC 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.
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: info@northair.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.