Northair Provides Exploration Update at La Cigarra Silver Project, Mexico
2014年3月25日 - 9:00PM
Marketwired
Northair Provides Exploration Update at La Cigarra Silver Project,
Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2014) -
International Northair Mines Ltd. (TSX-VENTURE:INM) (the "Company"
or "Northair") is pleased to provide an update of the ongoing
exploration program at its La Cigarra silver project (the
"Property"), located in north central Mexico.
Since the beginning of year, Northair has maintained a full
complement of exploration staff on site and has continued with a
comprehensive property exploration program. This program has
concentrated on the open ended 6.5 kilometre long La Cigarra
mineralized system to provide additional geological information as
a guide for further drilling of a number of attractive targets
located adjacent to and on trend of the published NI 43-101 mineral
resource (see INM PR#13-05 dated February 26, 2013). To date, the
50.4 million ounces of silver in the Measured and Indicated
categories grading 76 g/t silver and 3.5 million ounces of silver
in the Inferred category grading 61 g/t silver has been defined
over 2.1 kilometres of the known mineral trend.
In addition, geological mapping along with rock and soil
sampling was conducted, which has successfully increased the
Company's knowledge base in each direction of the La Cigarra
mineralized system. Rock and soil samples taken around newly
discovered old workings point to a new and potentially important
silver bearing target west of the Las Carolinas Zone. Geological
mapping, sampling and trenching is underway to ascertain the
importance of this new zone. Continued soil sampling on a grid
basis has also identified a new gold in soil anomaly northwest of
the new silver zone.
Commenting on the results, Fred Hewett, the Company's CEO said,
"We continue to be very encouraged by the results of our
exploration program at La Cigarra. Our systematic evaluation of the
property continues to yield exciting new drill targets while
increasing our confidence levels in the potential to add
meaningfully to the resources at La Cigarra."
The Company will provide updates to its follow up program as
soon as results become available.
Corporate Update
Northair is pleased to announce that it signed the Definitive
Agreement with DFX Exploration Ltd. in connection with the
previously announced binding Letter of Intent to significantly
expand its interest in a large land position (the "Parral
Concessions") totalling approximately 22,000 hectares surrounding
its original six La Cigarra Concessions. For detailed information
regarding the terms of this agreement, please see Northair press
release #13-11, dated January 14, 2014.
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 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.
The scientific and technical information in this news release
has been approved by Fred Hewett, the Company's President and CEO,
and a Qualified Person under National Instrument 43-101.
About International Northair Mines Ltd.
International Northair Mines Ltd is a mineral exploration
company engaged in the acquisition and development of gold and
silver properties in Mexico. Northair is focused on advancing its
La Cigarra silver project located in the state of Chihuahua, which
currently hosts a NI 43-101 Resource estimate of 50.4 million
ounces of silver in the Measured & Indicated categories grading
76 g/t silver and 3.5 million ounces of silver in the Inferred
category grading 61 g/t silver constrained by a Whittle pit shell
at an economic cutoff grade of 30 g/t silver (assuming
metallurgical recoveries of 84% silver). The La Cigarra silver
deposit also contains appreciable amounts of lead, zinc and gold as
referenced in the San Gregorio/Las Carolinas Resources Technical
Report La Cigarra Project, Chihuahua Mexico dated effective
February 26, 2013.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Fred G. Hewett, P.Eng., President & CEO
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 resource estimates,
anticipated results and costs, and 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, resources estimates, future
anticipated resources 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.
International Northair Mines Ltd.Fred HewettPresident &
CEO604-687-75451-888-338-2200info@northair.comInternational
Northair Mines Ltd.Chris CurranManager, Corporate
Communications604-687-75451-888-338-2200www.internationalnorthair.com
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