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Silver Grail Resources

Publié le 23 mars 2011

Northair Expands Drilling at La Cigarra Silver Project, Mexico

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Mots clés associés :   Canada | Copper | G Mexico | K Street | Zinc |
 
INM Letter Head7

                                                                                                                                                                                                               
SUITE 860 - 625 HOWE STREET ? VANCOUVER, BC  ? V6C 2T6  CANADA ? TEL: 604-687-7545  FAX: 604-689-5041

                                                                                                                                 A NORTHAIR GROUP COMPANY

 

PRESS RELEASE                                                                                                               #11-05       

FOR IMMEDIATE RELEASE                                                                   

March 23, 2011

 

Northair Expands Drilling at La Cigarra Silver Project, Mexico

 

International Northair Mines Ltd. (TSXV: INM) (the ?Company? or ?Northair?) is pleased to announce that an expanded diamond drill program has commenced at the La Cigarra silver project.  The property is located in north central Mexico and covers three attractive silver mineralized zones along a three kilometre favourable geological trend.

 

The drill program currently underway has been expanded by a minimum of 3,000 metres.  This program will focus in the area of recent drill results from the San Gregorio zone (80.45 metres of 123.5 g/t silver in hole CC-11-002) and include drilling at the Las Carolinas and La Borracha zones.  The additional core drilling will provide the Company with a much better understanding of the geology and related structures within the zones, all of which remain open along strike and down dip, and assist in planning for future exploration of the property.

 

Pending Drill Results from Initial Holes

 

Results from the initial phase of the diamond drill program are pending for two additional holes completed in the San Gregorio Zone (drilled along strike to the south of CC-11-002) as well as two holes from the Las Carolinas Zone.  Results for all drill holes will be released once assays are received and interpreted by the Company.

 

About La Cigarra Silver Project


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 with three identified zones along a three kilometre trend. Mineralization 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 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 Chemex Labs in Chihuahua for drying, crushing and pulverizing; with the pulps sent airfreight by ALS Chemex to Vancouver BC for analysis. 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.

 

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?

____________________________________

Fred G. Hewett, P.Eng.

President & CEO

 

For further information please contact Fred Hewett, President or Chris Curran, Investor Relations

at 604-687-7545 or 1-888-338-2200

Website:  www.northair.com/international/ Email: info@northair.com

________________________________________________________________________________________________________________________________________________________________________

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 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.

 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Silver Grail Resources

CODE : SVG.V
ISIN : CA82772U1075
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Silver Grail est une société d’exploration minière d'argent basée au Canada.

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