Northair Intersects 94.4 g/t Silver over 17.10 Meters at La Cigarra Project, Mexico
12.04.2012 | Marketwired
Overall Drilled Strike Length of the San Gregorio and Las Carolinas Zones Increased by 100 MetresVANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 12, 2012) - International Northair Mines Ltd. (TSX VENTURE: INM) (the "Company" or "Northair") is pleased to announce assay results from five core drill holes completed in the San Gregorio Zone and one hole completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
Highlights of the Continuing Drill Program:
San Gregorio Zone:
- Hole CC-12-049 returned two intercepts of 4.80 metres of 143.7 g/t silver and 28.2 metres of 37.7 g/t silver, including 9.05 metres of 74.3 g/t silver; and successfully confirmed the up dip projection of hole CC-11-036 (51.0 metres of 52.2 g/t silver);
- Hole CC-12-050 intercepted 14.55 metres of 72.6 g/t silver including 9.50 metres of 91.8 g/t silver. This hole was collared 50 metres southeast of holes CC-11-037 (12.70 metres of 86.5 g/t silver) and CC-11-038 (33.75 metres of 101.1);
- Hole CC-12-051, intercepted 58.90 metres of 44.0 g/t silver including 17.10 metres of 94.4 g/t silver. Hole CC-12-051 was drilled between holes CC-11-044 (13.00 metres of 16.3 g/t silver and 1.00 metre of 306.7 g/t silver) and CC-11-045 (16.45 metres of 127.4 g/t silver);
Hole CC-12-052 intercepted 25.40 metres of 18.5 g/t silver including 5.60 metres of 35.0 g/t silver and was drilled to test the down dip projection of hole CC-11-045 (16.45 metres of 127.4 g/t silver);
- Hole CC-12-053 intercepted 26.85 metres of 44.6 g/t silver including 13.75 metres of 68.1 g/t silver. This hole was drilled 50 metres southeast of hole CC-11-045 (16.45 metres of 127.4 g/t silver), and successfully extended the southern projection of San Gregorio mineralization by 50 metres. Hole CC-12-053, is currently the most southern hole drilled in the San Gregorio Zone;
Las Carolinas Zone:
- Hole CC-12-054 returned 40.95 metres of 42.1 g/t silver including 13.40 metres of 77.3 g/t silver and 0.118 g/t gold. This hole was collared approximately 50 metres northwest from holes CC-11-020 (50.90 metres of 34.7 g/t silver) and CC-11-021 (38.65 metres of 31.8 g/t silver) and successfully extended the mineralized strike length of the zone by 50 metres to the north. Hole CC-12-054 is currently the most northern hole drilled in the Las Carolinas Zone.
"Drilling continues to expand the potentially surface minable mineralized system on the Property," said Fred Hewett, President & CEO of Northair. "The San Gregorio and Las Carolinas zones have now been drilled over a total strike length of 2.0 kilometres. Both zones remain open along strike and down dip with only 200 metres of untested ground between the mineralized areas, providing the Company with an excellent prospect to achieve a significant resource calculation scheduled in 2012."
To date, Northair has reported 54 of 66 core drill holes completed at the Property. Results from these remaining holes will be reported by the Company once assays have been received and interpreted. Following an Easter break, the core drill program at La Cigarra will recommence with step out and infill drilling at the Las Carolinas Zone followed by infill drilling at the San Gregorio Zone.
Drill Results
San Gregorio Zone
Hole Dip From To Drill Intercept Silver Gold
(metres) (metres) (metres) g/t g/t
CC-12-049 -48 34.20 39.00 4.80 143.7 0.099
Note 1 141.0
60.70 88.90 28.20 37.7 0.058
Includes 60.70 69.75 9.05 74.3 0.074
CC-12-050 -50 51.45 66.00 14.55 72.6 0.040
Includes 9.50 91.8 0.034
CC-12-051 -50 115.50 174.40 58.90 44.0 0.037
Note 1 31.1
Includes 115.50 138.60 23.10 38.5 0.050
Note 1 37.0
Includes 157.30 174.40 17.10 94.4 0.031
Note 1 51.9
CC-12-052 -49 132.70 158.10 25.40 18.5 0.052
Includes 152.50 158.10 5.60 35.0 0.030
CC-12-053 -51 82.00 108.85 26.85 44.6 0.036
Note 1 42.7
Includes 82.00 95.75 13.75 68.1 0.031
Note 1 64.4
Note 1: Intervals with silver values greater than 500 g/t reported as 500 g/t.
Note 2: Reported widths may contain intervals with values less than 10 g/t silver.
Note 3: Intervals may also contain appreciable lead and zinc values.
Click the link below to view a plan of the San Gregorio Zone:
http://www.internationalnorthair.com/i/imagegallery/lacigarra/2012-04-10-San_Gregorio_Zone_Drill_Plan PP.pdf
Las Carolinas Zone
Hole Dip From To Drill Intercept Silver Gold
(metres) (metres) (metres) g/t g/t
CC-12-054 -52 95.60 136.55 40.95 42.1 0.079
Includes 123.15 136.55 13.40 77.3 0.118
Note 1: Intervals with silver values greater than 500 g/t reported as 500 g/t.
Note 2: Reported widths may contain intervals with values less than 10 g/t silver.
Note 3: Intervals may also contain appreciable lead and zinc values.
Click the link below to view a plan of the Las Carolinas Zone:
http://www.internationalnorthair.com/i/imagegallery/lacigarra/2012-04-10-Las_Carolinas_Zone_Drill_Plan PP.pdf
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 vein system with three identified zones forming a three kilometre trend.
Click the link below to view a drill plan of the La Cigarra Property:
http://media3.marketwire.com/docs/inm15_F3.pdf
This news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and approved 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, P.Eng.
President & CEO
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.
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.
Contact Information
International Northair Mines Ltd.
Fred Hewett, President
604-687-7545 or 1-888-338-2200
International Northair Mines Ltd.
Chris Curran
Manager, Investor Relations
604-687-7545 or 1-888-338-2200
604-689-5041 (FAX)
info@northair.com
www.northair.com/international/
