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Northair Announces Sampling Results at Nogalera Zone at La Cigarra Project, Mexico
Sampling at Nogalera Returns 118 g/t Silver Over 0.7 Metres and 3.08g/t Gold Over 1.5 Metres Follow-up Sampling Program to Commence
Northair Silver Corp. (TSXV: INM) (the "Company" or "Northair") is pleased to announce positive sampling results at the Nogalera Zone ("Nogalera") on its flagship La Cigarra silver project (the "Project") located in Chihuahua State, Mexico. Nogalera is one of many zones identified within the Project that is proximal to the current NI 43-101 resource and has the potential to yield new additional resources. Subsequent to achieving several positive outcomes from its on-going exploration programs over the past year, the Company continues to be excited about the exploration upside at La Cigarra and will commence a follow-up sampling program to target further silver-bearing zones.
Work to date by Northair technical crews at Nogalera include mapping and rock sampling, which have identified a zone of vein related silver and gold. Mineralization in this zone is hosted in altered sediments along a large structure that coincides with a magnetic low as do the known resource areas on the property and within the district. Of the 36 rock samples taken within the area between now and 2013, 14 returned grades over 10 g/t silver with a high value of 118 g/t silver over 0.7 metres. In addition to anomalous silver, lead and zinc, many of the samples contain higher than usual gold including one with 3.08 g/t gold over 1.2 metres. (See table below for further highlights.) Northair plans to sample an area approximately 475 meters long by 220 meters wide with the objective of defining drill targets.
Nogalera Zone - Channel and Rock Chip Sampling Highlights > 10 g/t Silver
To view a map of the Project highlighting the Norgalera Zone as well as other areas to be targeted by the proposed work program see below or click on the following link: http://media3.marketwire.com/docs/2015-11-09_LaCigarraGeochemAgRockTargets_PR.jpg
Discussion of Proposed Work Program to Prioritize High Grade Targets
Field work over the last several months by the Northair technical team has advanced an evolving exploration model that predicts the occurrence of robust silver zones beneath impermeable quartzite cap- rock that outcrops over areas of the property. This concept is supported on the property where high-grade silver has been identified. The current priority targets include areas where previous sampling has identified zones where anomalous to high grade silver was channeled through the cap-rock along open channel-ways created by faulting. The proposed work program is designed to prioritize these target areas where the mineralized faults project beneath the quartzite to the favorable host environment.
An important target structure that will see additional evaluation is the La Soledad Fault. Here mineralization occurs over a strike length of 1.0 kilometre with silver values up to 277 g/t. The Company believes that this mineralization represents leakage along open fractures through the normally impermeable quartzite unit. Further, the model predicts that the cap-rock tends to confine the mineral system at the base of the quartzite.
Other known areas of mineralization that will be re-evaluated include the canyon area (the "Canyon"), which lies between the high grade silver target located at RAM and the Las Carolinas Zone where fault zones cutting the quartzite are strongly quartz-veined. Previous sampling taken here in 2011 identified up to 8.0 meters of 96.3 g/t silver. Detailed mapping and sampling will also be carried out over areas of favorable alteration peripheral to the Las Carolinas resource area and in the La Navidad Zone.
This work is designed to better prioritize targets for a planned drilling program expected to commence once permits are in hand. The program will include a preliminary drill test of the high-grade silver RAM target that is exposed through an erosional window below the quartzite cap-rock. This occurrence strongly supports the Company's current exploration model.
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 Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is 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.
Mr. David Ernst, a professional geologist and VP Exploration of Northair is a Qualified Person as defined by NI 43-101. Mr. Ernst has reviewed the technical information in this news release and approves the disclosure herein.
About Northair Silver Corp.
Northair is focused on advancing its flagship La Cigarra silver project located in the state of Chihuahua, Mexico, 26 kilometres from the historic silver mining city of Parral. The property boasts nearby power, good road access, gentle topography, established infrastructure and currently hosts a NI 43-101 Resource estimate of 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometres and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25km north, and along strike of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine.
ON BEHALF OF THE BOARD,
NORTHAIR SILVER CORP.
Andrea Zaradic, P. Eng.
President & CEO
For further information please contact Andrea Zaradic, President & CEO or
Chris Curran, Manager of Corporate Communications at 604-687-7545 or 1-888-338-2200
Website: www.northairsilver.com 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.
Caution Concerning Forward-Looking Statements
This news release may contain forward looking statements which are statements that are not statements of historical fact, such as statements regarding the mineral resource estimates, results of the sensitivity analysis, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involve 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, mineral 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.
Cautionary Note Concerning Estimates of Measured, Indicated and Inferred Mineral Resources
This news release uses the terms "Measured and Indicated Resources" and "Inferred Resources", which have a great amount of uncertainty as to their existence, and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of a Measured and Indicated and/or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. Northair advises U.S. investors that while this term is recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize it. U.S. investors are cautioned not to assume that part or all of a Measured, Indicated and Inferred resource exists, or is economically or legally minable.