INM

International Northair Mines Ltd. (TSX VENTURE:INM) (the "Company" or
"Northair") is pleased to announce that its Board of Directors has approved an
exploration budget for the La Cigarra silver project (the "Project"), located in
north central Mexico. Planned work includes over 5,000 metres of core drilling
designed to expand the mineral resource and complete initial drill testing of
new target areas. 


"I am very pleased that the Board has approved this program that will build on
the successes of the Company's La Cigarra silver project," said Fred Hewett,
President & CEO of Northair. "I am especially excited that we will complete
drill tests on the Las Venadas and La Chinas targets that could significantly
increase the silver resource of this exciting project." 


Drilling will commence in approximately two weeks and operate concurrently with
ongoing geological mapping and sampling programs, which have been active
throughout the year. In addition to completing preliminary tests on prospective
new targets, the Company will complete drilling designed to expand the current
Measured and Indicated silver resource which stands at 50.5 million ounces
grading 76 g/t and an inferred resource of 3.5 million ounces grading 61 g/t.
(See INM PR#13-05 dated February 26, 2013). 


The expansion of the La Cigarra mineral resource will mainly target down-dip and
on strike projections of mineralization at the north end of the San Gregorio
Zone and to the south of the Las Carolinas Zone. On trend, further to the south,
significant soil and rock geochemical anomalies and historic mine workings
identified at the Las Venadas and Las Chinas targets will see at least 1,700
metres of drilling. These targets are underlain by the same stratigraphy that
hosts mineralization at the San Gregorio and the Las Carolinas zones and could
potentially extend the La Cigarra mineral trend an additional two (2)
kilometers.


La Cigarra Silver Deposit - Drilling and Expansion Potential 

The La Cigarra silver project is located in the state of Chihuahua, 26
kilometres from the historic silver mining city of Parral. The project boasts
nearby power, has good road access, gentle topography and established
infrastructure. La Cigarra was identified and acquired in 2008 as part of a
Company generative exploration program. To date reconnaissance, sampling and
drilling confirm numerous silver occurrences traced over a 6.5 kilometre trend
of mineralization. 


Since the first drill program was completed by the Company in 2010 drill results
have been tremendously successful, with all but 2 of the 154 drill holes
(totaling over 25,000 metres) hitting potentially economic mineralization. Of
these 154 drill holes, 143 were used to calculate the initial mineral resource
estimate within a potentially surface minable area that includes the San
Gregorio and Las Carolinas mineralized zones. This potentially surface minable
mineral resource is defined over 2.1 kilometres of the recognized 6.5 kilometre
mineralized trend and has a down-dip extent of greater than 250 metres. 


Northair's next priority at La Cigarra is to test projected mineralization
adjacent to and below the current mineral resource. These targets are bracketed
by earlier wider spaced drill holes that encountered strong mineralization along
strike and down dip, but were excluded from the resource estimate because of low
drill density that did not meet the criteria to be included into the pit shell
boundary. Results of further drilling within and adjacent to the optimized pit
could add significant silver ounces to the current mineral resource estimate and
lower the estimated 3.28:1 strip ratio. 


The Company also believes that considerable exploration potential exists along
the 6.5 kilometre long La Cigarra mineralized system. This potential is
supported by soil sampling and initial drilling at the La Borracha Zone to the
north. Nine holes drilled here intercepted important silver mineralization that
remains open. To the south sampling on surface has returned up to 233 g/t silver
over 2.5 metres at the Las Venadas and La Chinas zones. On the 36,000 hectare
property there are also numerous target areas such as the La Navidad and Ram
zones defined on surface by a collection of historic mine workings. Soil
sampling, trenching and mineralized grab samples also add good value to these
target zones. Future drilling in these defined target areas could significantly
add to the current mineral resource estimate.


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 and is
currently advancing its La Cigarra silver project located in the state of
Chihuahua. The Project contains a robust silver resource estimate and
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 mineral 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 mineral resources and cost
engineering estimate risks, geological factors and exploration results. Mineral
resources referred to in this news release are not mineral reserves and do not
have demonstrated economic viability. See Northair's filings for a more detailed
discussion of factors that may impact expected results. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
International Northair Mines Ltd.
Fred Hewett
President & CEO
604-687-7545 or 1-888-338-2200


International Northair Mines Ltd.
Chris Curran
Manager, Corporate Communications
604-687-7545 or 1-888-338-2200
604-689-5041 (FAX)
info@northair.com
www.northair.com/international

Northair Silver Corp. (TSXV:INM)
過去 株価チャート
から 5 2024 まで 6 2024

Northair Silver Corp. (TSXV:INM)
過去 株価チャート
から 6 2023 まで 6 2024