International Northair Mines Ltd. Schedules Drill Program for La Cigarra Silver Project, Mexico
2014年6月3日 - 9:00PM
Marketwired
International Northair Mines Ltd. Schedules Drill Program for La
Cigarra Silver Project, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 3, 2014) -
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.
International Northair Mines Ltd.Fred HewettPresident &
CEO604-687-7545 or 1-888-338-2200International Northair Mines
Ltd.Chris CurranManager, Corporate Communications604-687-7545 or
1-888-338-2200604-689-5041info@northair.comwww.northair.com/international
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