Northair Reports Positive Mapping and Sampling Results at RAM Zone, La Cigarra Silver Project, Mexico
Northair Silver Corp. (TSXV: INM) (the "Company" or "Northair") is pleased to provide an exploration update on its La Cigarra silver project (the "Property"), located in Chihuahua State, Mexico. The Company has conducted further mapping and sampling on its RAM Zone target and have received positive results that support the expansion potential of this new discovery area.
The RAM Zone is situated on the crest of what is referred to as the La Cigarra Anticline that is located approximately 750 metres west of the main La Cigarra silver deposit. As previously reported (see INM PR#14-04 dated April 28, 2014 and INM PR#14-09 dated June 17, 2014), surface trenching at RAM returned 35.45 metres of 67.3 g/t silver (including 16.20 metres of 99.6 g/t silver and 4.85 metres of 141.4 g/t silver. This sampling was designed to test the surface projection of high-grade silver mineralization exposed within an underlying historic adit. As a further test of this 35 metre long mine working an additional seven (7) channel samples were obtained to better test the extent of exposed high grade silver mineralization. This brings the total adit samples taken across the fault to fourteen (14) with an average grade of 258 g/t silver having an average sample width of 1.45 metres. Mineralization here is hosted in a fault termed the RAM Fault and in its hanging wall. Drilling will be required to define the overall thickness and extent of mineralization associated with the fault, however at this time the mineralization is open in all directions.
Results of 14 Samples Taken Across the Back of the 35 Metre Long RAM Adit:
|Sample||East||North||Elevation||Type||Width||Ag ppm||Au ppm||Pb
The RAM Zone is part of the 3.8 kilometre long, NNW-trending linear magnetic low first identified in the Company's airborne magnetic survey (See INM PR#15-07 dated June 10, 2015). The interpretation is that this magnetic low corresponds with the hinge line of the La Cigarra Anticline where a structural trap may have concentrated silver mineralization below an impermeable quartzite unit. Erosion here has opened a window through the quartzite and exposed high grade mineralization. The Company's aim is to explore for additional mineralization within this large permissive environment that potentially extends along the length of the magnetic low.
Please click on the following link or to view the a map below showing the silver in rock samples and the results of the airborne magnetic survey within the La Cigarra silver project:http://file.marketwire.com/release/LaCigarraGeochemRockAll.jpg
"The Company considers these recent results very encouraging as we continue to develop the potential of the RAM Zone and lends strong confirmation of previous sample results," said Andrea Zaradic, President& CEO of Northair. "We suspect that the mineralization at the RAM workings continues below the quartzite in both directions along the core of the anticline. The realization that the quartzite capping the mineralized zone may only be 60 metres thick opens up excellent targets along north-south and northwest trending structures in other parts of the district. Northair continues to map, sample, and survey access into this area in anticipation of expanded exploration efforts."
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.