International Northair Mines Ltd. (TSX
VENTURE:INM - News; the
"Company" or "Northair") is pleased to announce that it
has awarded the contract to commence a 1,500 metre Phase II core drill
program at the La Cigarra silver project, located in north central Mexico.
The Phase II drill program is expected
to begin by the end of November and will include step out and deeper drilling
to follow up the highly successful Phase I reverse circulation drill program
completed by the Company earlier in the year. Northair is also presently
completing a soil survey between the Las Carolinas and San Gregorio zones to
develop possible targets for additional drilling. Results of the soils survey
will be released once received by the Company.
To view a plan showing the area of the
planned drilling and soil survey, please click the link below or visit www.internationalnorthair.com:
http://www.internationalnorthair.com/i/imagegallery/lacigarra/2010-10-28_La_Cigarra_Soil_Sample_and_Drilling_Area.jpg
La Cigarra Phase I Drill Results
The Phase I drill program was successful
in testing three known mineralized targets on the property and intercepted
significant widths of altered and mineralized sediments and volcanics. Drill
highlights include 32 metres of 132.4 g/t silver in Hole CRC-10-06 and 21.3
metres of 101.6 g/t silver in Hole CRC-10-11 at the San Gregorio Zone, 10.7
metres of 172.5 g/t silver in Hole CRC-10-01 at the Las Carolinas Zone and a
near surface intercept of 7.3 metres of 68 g/t silver in Hole CRC-10-13 at
the La Boracha Zone. All intercepts returned anomalous and locally significant
zinc with lead and copper.
The Company also conducted assaying for
gold on certain select holes from the program. Highlights from the San
Gregorio Zone include 19.8 metres of 0.305 g/t gold including 1.5 metres of
1.18 g/t gold in Hole CRC-10-11, 15.2 metres of 0.087 g/t of gold in Hole
CRC-10-05 and 32 metres of 0.068 g/t gold including 6.1 of 0.142 g/t gold in
Hole CRC-10-06. Highlights from the La Carolinas Zone include: 12.2 metres of
0.116 g/t gold including 6.1 metres of 0.132 g/t gold in Hole CRC-10-02.
To view a complete summary of the
Company's drill results to date click on the following link: http://www.internationalnorthair.com/i/imagegallery/lacigarra/2010-10-14_La_Cigarra_Website_Chart.pdf
To view a plan of the Phase I drilling,
click on the following link: http://www.internationalnorthair.com/i/imagegallery/lacigarra/2010-07-19_La_Cigarra_Drillholes.jpg
Project Summary
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 mineral system that is controlled by a
northwest striking fault system that has localized silver (lead, zinc, copper
and gold) mineralization hosted in sediments and related to rhyolite dikes
and flows. Grupo Northair de Mexico, S.A. de C.A., a subsidiary of Northair,
can acquire a 100% property ownership by making payments over a 5 year period
totaling US$445,000 with no royalties.
Sampling and QA/QC
All technical information for the La
Cigarra property 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 picked up on site
by ALS Chemex Labs and taken to Chihuahua for drying, crushing and
pulverizing; with the pulps sent by airfreight to ALS Chemex in Vancouver BC
for analysis. Systematic assaying of standards and blanks during drilling are
performed for precision and accuracy. Analysis for silver, zinc, lead and
copper was done by ICP four acid digestion, with gold analysis by 30 gram fire
assay with an AA finish. Certain pulp and reject samples are routinely
analyzed by a second independent laboratory.
This news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 and reviewed 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.
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