Northair Intersects 13.30 Metres of 106.1 g/t Silver at La Cigarra Project, Mexico
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/05/12 -- International Northair Mines Ltd. (TSX VENTURE: INM) (the "Company" or "Northair") is pleased to announce assay results from 4 infill core holes recently completed in the Las Carolinas Zone of its La Cigarra silver project, located in north central Mexico.
"These positive drill results continue to highlight the strength of the mineralization associated with this exciting emerging discovery," said Fred Hewett, President and CEO of Northair. "The confirmation of significant silver mineralization within the potentially surface minable area of the Las Carolinas Zone provides important data for the Company to complete its upcoming initial resource calculation scheduled in Q3 2012."
Highlights of the Las Carolinas Infill Drill Program:
-- Hole CC-12-069 intercepted 26.00 metres of 59.9 g/t silver, including
13.30 metres of 106.1 g/t silver. This hole was drilled to test the up
dip extension of CC-12-063, which returned an intercept of 63.05 metres
of 50.3 g/t silver;
-- Hole CC-12-070 returned intercepts of 69.95 metres of 28.7 g/t silver
including 27.00 metres of 39.4 g/t silver and 9.00 metres of 54.6 g/t
silver. Hole CC-12-070 was drilled to test the up-dip extension of hole
CC-12-071;
-- Hole CC-12-071 intercepts of 3.30 metres of 35.1 g/t silver, and 13.10
metres of 33.0 g/t silver. This hole was designed as an infill hole
positioned to test the gap between holes CC-11-015 and CC-11-014, which
returned intercepts, respectively, of 28.80 metres of 30.2 g/t silver
and 5.10 metres of 98.7 g/t silver;
-- Hole CC-12-072 returned 52.50 metres of 42.3 g/t silver, including 21.00
metres of 68.4 g/t silver. Hole CC-12-072 tested the up-dip extension of
CC-11-017, which returned intercepts of 4.25 metres of 44.5 g/t silver,
10.25 metres of 55.1 g/t silver and 5.45 metres of 57.2 g/t silver in
three distinct sections of the hole.
To view the comprehensive results of all the drill holes completed to date on the La Cigarra Project please click the link: http://www.internationalnorthair.com/i/pdf/2012-06-05-Drill Hole Interval (Comprehensive).pdf
Drilling continues on the La Cigarra Project with two core rigs focused on step out and infill drilling along the mineralized trend with the intent of completing a NI 43-101 compliant mineral resource by the end of the third quarter. At this time, Northair has reported results from 70 of 88 core drill holes completed to date. Results from all completed holes will be reported once assays have been received and interpreted.
Drill Results
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Drill
Hole Dip From To Intercept Silver Gold
(metres) (metres) (metres) g/t g/t
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CC-12-069 -49 62.30 88.30 26.00 59.9 0.060
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Includes 62.30 75.60 13.30 106.1 0.094
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CC-12-070 -51 11.40 81.35 69.95 28.7 0.045
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Includes 28.50 55.50 27.00 39.4 0.038
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and 69.00 78.00 9.00 54.6 0.031
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CC-12-071 -51 67.50 70.80 3.30 35.1 0.057
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86.40 99.50 13.10 33.0 0.027
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CC-12-072 -50 19.50 72.00 52.50 42.3 0.033
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Includes 51.00 72.00 21.00 68.4 0.035
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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 10g/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:
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 and Inspectorate America Corporation ("Inspectorate") in Durango City. In both cases the samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS to Vancouver, B.C. and by Inspectorate to Vancouver B.C. or Reno, Nevada. 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 the 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.
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.
Contacts:
International Northair Mines Ltd.
Fred Hewett
President
604-687-7545 or 1-888-338-2200
International Northair Mines Ltd.
Chris Curran
Manager of Corporate Communications
604-687-7545 or 1-888-338-2200
International Northair Mines Ltd.
Brent Levenstadt
Investor Relations Associate
604-687-7545 or 1-888-338-2200
604-689-5041 (FAX)
info@northair.com
www.internationalnorthair.com
