Northair Provides Update on its La Cigarra Silver Project, Mexico
Published : February 13, 2013

2013 Strategic Plan Outlined

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Cœur D'alene | G Mexico | Gold | Lead | Market | Mexico | Silver | Volatility |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2013) - International Northair Mines Ltd. (News - Market indicators) (the "Company" or "Northair") is pleased to provide a review summarizing the project and corporate highlights completed by the Company on its La Cigarra silver project ("the Property"), located in north central Mexico. Also included is a timeline outlining key objectives of the Company's Strategic Plan for the current 2013 calendar year.

Project and Corporate Highlights:

  • Discovered the La Cigarra mineralized system, which has been defined by soil geochemistry over six (6) kilometres in a northwest to southeast direction. The Company controls a substantial land package containing the mineralized system, which hosts multiple historic surface workings along strike;
  • Defined, through resource definition drilling, a continuous potentially surface minable mineralized area comprised of the central (San Gregorio) and south (Las Carolinas) zones with a combined strike length of 2.4 kilometres. This mineral area has been defined by 11 reverse circulation and 132 core holes with all but 2 holes having returned significant silver values. The mineralized area remains open at depth and along strike with a high potential for continued expansion. Drilling has defined strong mineralization up to a depth of 280 metres, with an average width of 50 metres and a length weighted silver grade averaging approximately 50 g/t. Several higher grade zones have emerged from recent drilling, which may increase the overall grade of the potential resource. In addition to silver, the mineralized system hosts associated gold and base metals;
  • Completed a systematic program of 25,473 meters of core drilling and reverse-circulation drilling. In addition to the resource definition drilling, the most northern zone (La Boracha) was explored by a reconnaissance drill program consisting of four (4) reverse circulation and seven (7) core holes; all of which intercepted significant silver mineralization. These holes will be followed up by subsequent exploration programs;
  • In addition to the La Borracha exploration target the Company has identified several other significant targets within the newly acquired La Cigarra ground. These targets are being prioritized by the Company for upcoming reconnaissance drilling;
  • Completed a phase II metallurgical work program that indicates potential silver recoveries of 80% to 90% by floatation and leaching. The study reports that a concentrate containing 48% lead and 22,600 g/t silver would be marketable to smelters;
  • Closed a non-brokered private placement for gross proceeds of over $6 million. The financing included participation from Coeur d'Alene Mines Corporation, purchasing 10,750,000 units for gross proceeds of $3,010,000 and International Minerals Corporation purchasing 1,786,000 units for gross proceeds of $500,080;
  • Expanded the La Cigarra's mineral holdings through a binding agreement on third-party concessions contiguous to the original La Cigarra land block (for details of the agreement please see INM press release dated October 3, 2012). The agreement significantly increases the size of the La Cigarra project and potentially doubles the strike length of the mineralized system from three (3) to six (6) kilometres;
  • Acquired key surface rights. The Company entered into a purchase agreement for the surface rights to approximately 1,098 hectares contiguous to and adjoining the La Cigarra Project;
  • Retained JDS Energy & Mining Inc. to determine an initial NI 43-101 resource estimate within Q1 2013 and complete a Preliminary Economic Assessment with delivery expected in Q2 2013.

Key Objectives of the Company's 2013 Strategic Plan

During 2013, Northair expects to begin and/or complete the following objectives on the La Cigarra silver project:

  • Calculate the initial NI-43-101 compliant resource estimate in Q1 2013;
  • Recommence the metallurgical program in Q2 2013 and provide the results of this test work in Q3 2013;
  • Initiate preliminary permitting and environmental requirements; 
  • Complete a Preliminary Economic Assessment in Q2 2013;
  • Recommence a resource definition and exploration core drilling program in Q2 2013,with drilling continuing throughout the year;
  • Release an updated NI-43-101 Resource Estimate in Q4 2013;
  • Initiate work for the Pre-Feasibility Study in Q4 2013.

The Company's immediate goal at La Cigarra is to deliver an initial NI 43-101 resource estimate. 

La Cigarra Project

The La Cigarra silver project is located in Chihuahua State 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 southeast. The 32,064 hectare property position hosts permissive geology, numerous historical mine workings and represents an emerging mineral district. Of immediate significance is the San Gregorio/Las Carolinas area which is the focus of the Company's ongoing NI 43-101 resource study. Exploration is now focused on providing additional data to expand the project resources and define and prioritize new targets for future drilling. 

Project Background

Northair acquired the La Cigarra silver project in April of 2009, and shortly after commenced a surface geological program. The initial discovery of surface mineralization occurred in July, 2010 with initial drilling reporting a 32 metre intercept grading 132.4 g/t silver in drill hole CRC-10-006 (see INM press release dated July 13, 2010). The economic potential of the occurrence was supported in February, 2011 with the intersection of 80.45 metres of 123.5 g/t silver in hole CC-11-002 (see IMN press release dated February 24, 2011). 

La Cigarra Geology

The La Cigarra mineralized system is hosted within sedimentary rocks and can be traced in outcrop for upwards of 6 kilometres on strike. The mineral system strikes northwest and dips moderately northeast and mirrors the strike and dip of the host sediments. Mineralization is spatially associated with narrow rhyolite sills. Silver and base metals occur in sulfides hosted within quartz-vein stockwork zones and silicified breccias containing disseminated sulphides. The recognition of disseminated mineralization strongly enhances the economic potential of the Project.

About International Northair Mines Ltd.

Northair is a mineral exploration company engaged in the acquisition and development of gold and silver properties in Mexico. The Company has successfully staked and acquired a number of early stage projects that offer opportunities for significant discoveries.

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. 



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.

International Northair Mines Ltd.
Fred Hewett
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)
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

International Northair Mines

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

International Northair is an exploration silver and gold company based in Canada.

International Northair holds various exploration projects in Mexico.

Its main exploration properties are SIERRA ROSARIO, LA CIGARRA, LA INDIA, EL TESORO and EL REVENTON in Mexico.

International Northair is listed in Canada. Its market capitalisation is CA$ 24.0 millions as of today (US$ 19.0 millions, € 16.8 millions).

Its stock quote reached its highest recent level on January 31, 1997 at CA$ 1.54, and its lowest recent point on December 19, 2008 at CA$ 0.02.

International Northair has 150 140 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Annual reports of International Northair Mines
2007 Annual Report
Financings of International Northair Mines
7/10/2013Announces Proposed Private Placement and Strategic Investmen...
3/17/2011Completes Oversubscribed Private Placement for + $5 Million
3/1/2011Announces $4,000,000 Private Placement
Nominations of International Northair Mines
7/6/2011Appoints Thomas Burkhart to the Board of Directors
Project news of International Northair Mines
3/31/2015(La Cigarra)Silver to Conduct Airborne Geophysical Program at La Cigarra...
1/26/2015(La Cigarra)Silver Corp. Plans Further Metallurgical Testing for La Ciga...
10/28/2013(La Cigarra)Executes Additional Surface Access Agreement at the La Cigar...
9/16/2013(El Reventon)Focus Ventures Returns El Reventon Project
9/11/2013(La Cigarra)Completes Surface Access and Rights Agreements at the La Cig...
6/26/2013(La Cigarra)Confirms Parallel Mineralized Silver Zone at La Cigarra Proj...
6/26/2013(La Cigarra)Confirms Parallel Mineralized Silver Zone at La Cigarra Proj...
5/2/2013(El Reventon)Reports that Focus Commences Drilling at El Reventon Project...
2/13/2013(La Cigarra)Provides Update on its La Cigarra Silver Project, Mexico
12/18/2012(La Cigarra)Provides Exploration Update at La Cigarra Project, Mexico
10/16/2012(La Cigarra)Reports Positive Metallurgical Results for La Cigarra Silver...
10/3/2012(La Cigarra)Significantly Increases Land Position at La Cigarra Silver P...
9/25/2012(El Reventon)and Focus Sign Definitive Agreement for El Reventon Property...
4/14/2011(La Cigarra)s Drilling at La Cigarra Silver Project, Mexico
3/31/2011(La Cigarra)Intersects 48.05 Metres of 140.6 g/t Silver at La Cigarra Pr...
3/23/2011(La Cigarra)Expands Drilling at La Cigarra Silver Project, Mexico
2/24/2011(La Cigarra)Intersects 80.45 Metres of 123.5 g/t Silver at La Cigarra Si...
12/6/2010(La Cigarra)Northair Commences Drilling at La Cigarra Silver Project, Me...
11/22/2010(La Cigarra)Drilling Scheduled at Northair's La Cigarra Silver Project, ...
11/22/2010(La Cigarra)Drilling Scheduled at Northair's La Cigarra Silver Project, ...
9/27/2010(La Cigarra)Assays 19.8 Metres of 0.305 g/t Gold and 87.4 g/t Silver Fro...
7/30/2008Additional High Grade Drill Results from Moly Brook, Newfoun...
Corporate news of International Northair Mines
4/25/2016B.C. Supreme Court approves Kootenay - Northair Business Com...
4/25/2016Kootenay Silver Completes Business Combination with Northair...
4/25/2016Northair Silver Securityholders Approve Business Combination...
4/21/2016Kootenay Silver completes business combination with Northair...
4/19/2016B.C. Supreme Court approves Kootenay - Northair Business Com...
4/14/2016Northair Silver Securityholders Approve Business Combination...
4/7/2016Northair Silver Reminds Shareholders to Vote for the Merger ...
3/31/2016Leading Proxy Advisory Firm Recommends Northair's Shareholde...
3/29/2016Kootenay Silver Acquires NSR from Coeur Capital on La Cigarr...
3/16/2016Northair Silver Files Information Circular in Connection Wit...
1/14/2016Kootenay and Northair To Host Live Conference Call & Audio W...
1/13/2016Kootenay and Northair Announce Transaction to Create Leading...
1/13/2016IIROC Trading Resumption - INM
1/13/2016IIROC Trading Halt - INM
12/17/2015Northair Reports Follow-up Sampling at Nogalera Zone, La Cig...
11/9/2015Northair Announces Sampling Results at Nogalera Zone at La C...
9/28/2015Northair Reports Positive Mapping and Sampling Results at RA...
6/29/2015Northair Increases Overall Silver Recoveries and Optimizes P...
6/10/2015Northair Silver Airborne Geophysical Survey Identifies New D...
5/11/2015Northair Silver Corp. Submits Application for Drilling Permi...
3/31/2015Northair Silver to Conduct Airborne Geophysical Program at L...
3/26/2015Northair Silver Corp. Reports Positive Results of Mapping an...
3/26/2015Silver Corp. Reports Positive Results of Mapping and Sampli...
3/2/2015Northair Silver Corp. Files NI 43-101 Technical Report on SE...
1/26/2015Northair Silver Corp. Plans Further Metallurgical Testing fo...
1/14/2015Northair Reports Updated Mineral Resource Estimate at La Cig...
12/22/2014Northair Silver Corp. Acquires Los Cuates Gold Project, Mexi...
12/22/2014Northair Silver Corp. Acquires Los Cuates Gold Project, Mexi...
12/18/2014Northair Silver Corp. Grants Stock Options
12/15/2014Northair Silver Corp. Releases Results of 2014 Drilling Prog...
12/8/2014Northair Silver Corp. Announces new CFO and Director
11/21/2014International Northair Mines Ltd. Changes Name to Northair S...
10/21/2014Northair Identifies La Colorada Silver/Gold Zone at La Cigar...
10/21/2014Northair Identifies La Colorada Silver/Gold Zone at La Cigar...
10/6/2014International Northair Mines Ltd. Acquires 100% Interest in ...
9/8/2014International Northair Mines Completes Non-Brokered Private ...
8/7/2014IIROC Trading Resumption - INM
8/7/2014IIROC Trading Halt - INM
7/14/2014International Northair Mines Ltd. Exercises Option to Acquir...
6/25/2014International Northair Mines Ltd. Commences Drilling at La C...
6/17/2014International Northair Mines Ltd.: Trenching of Ram Zone Yie...
6/3/2014International Northair Mines Ltd. Schedules Drill Program fo...
5/27/2014International Northair Mines Ltd. Closes US$4.0 Million Roya...
5/21/2014International Northair Mines Ltd. Raises US$4.0 Million on R...
4/28/2014Northair Trench Sampling of Ram Zone Yields 16.20 Metres of ...
8/14/2013Announces Voting Results of Annual General and Special Meeti...
4/11/2013(La Cigarra)Files NI 43-101 Technical Report on SEDAR for Maiden Resourc...
3/26/2013Reports Continued Exploration Success along the Southern Ext...
2/26/2013(La Cigarra)Reports Maiden Resource Calculation at La Cigarra Silver Pro...
1/30/2013(La Cigarra)Intersects 765 g/t Silver over 6.5 Metres at La Cigarra Proj...
1/15/2013(La Cigarra)Intersects 164 g/t Silver Over 15.9 Metres at La Cigarra Pro...
1/15/2013(La Cigarra)Intersects 164 g/t Silver Over 15.9 Metres at La Cigarra Pro...
11/13/2012(La Cigarra)Intersects 95.5 g/t Silver Over 11 Metres at La Cigarra Proj...
10/23/2012(La Cigarra)Intersects 336.1 g/t Silver Over 10.4 Metres at La Cigarra P...
9/18/2012(La Cigarra)Intersects 170.4 g/t Silver Over 17.9 Metres at La Cigarra P...
7/12/2011(La Cigarra)Intersects 92.95 Metres of 25.8 g/t Silver at La Cigarra Pro...
6/16/2011(La Cigarra)Intersects 21.85 Metres of 185.8 g/t Silver at La Cigarra Pr...
5/30/2011Announces Exercise of Warrants for Proceeds of Over $2.2 Mil...
5/25/2011(La Cigarra)Intersects 9.35 Metres of 628.7 g/t Silver at La Cigarra Pro...
5/10/2011(La Cigarra)Intersects 39.3 Metres of 205.3 g/t Silver at La Cigarra Pro...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.160
04/20 15:46 -
Prev close Open
0.160 0.160
Low High
0.160 0.170
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.160 -%
Volume 1 month var.
246,213 -%
24hGold TrendPower© : 44
Explores for Gold - Lead - Silver - Zinc
Interactive chart Add to compare
Print Compare Export
Last updated on : 2/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 5.90-8.39%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 3.32+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.35-0.59%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.15+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.52+0.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 2.20+0.92%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 2.61+4.82%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.23+0.00%Trend Power :
Closes Bridge Loan Financing
CA$ 1.84-1.60%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 4.91-0.41%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.49-3.96%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.06+0.00%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 0.42+0.00%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.16+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.19+0.93%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.13+0.00%Trend Power :