- TSX.V: KTN
- OTC: KOOYF
Northair Provides Update on Sierra Rosario Silver / Gold Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to announce that two core holes have been completed in its current drill program (see Northair press release dated May 29, 2012) at the Sierra Rosario silver/gold project located in Sinaloa State, Mexico. Results from these holes will be reported once assays have been received and interpreted by the Company.
The drill program currently being conducted by Northair and its 50% partner American Consolidated Minerals Corp. will total approximately 1,400 metres in six holes and is designed to test a 600 meter length of a coincident Induced Polarization geophysical and silver/gold geochemical soil anomaly.
Northair has recently commenced a geochemical program that will expand the previous sampling to the east in order to establish the ultimate size of the open geochemical soil anomaly.
The Company announces that it has granted 2,765,000 stock options at $0.28 to directors, employees and consultants. All of the options are exercisable for a period of 5 years from the date of grant.
About International Northair Mines Ltd.
Northair is a mineral exploration company engaged in the acquisition and development of gold and silver properties in Mexico. The Company has successfully staked and acquired a number of early stage projects that offer opportunities for significant discoveries. The Company is currently drilling its La Cigarra project, and is scheduled to complete an initial resource calculation at La Cigarra by the end of Q3 2012. A third project in Mexico, the El Reventon silver project, is currently optioned to Focus Ventures Ltd, who is committed to spend a minimum of USD$250,000 by April 2013.
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, Chris Curran, Manager of Corporate Communications or Brent Levenstadt, Investor Relations Associate
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.