Since the commencement of land acquisition at the El Tesoro property in the fall of 2002, International Northair Mines Ltd. has defined seven distinct zones containing classic gold bearing, low sulfidation, epithermal quartz veins and associated stockworking and breccias. The identified zones of mineralization at El Tesoro occur within a mineralized trend that is at least 2.5 kilometers long and up to 600 meters wide that occurs mainly on returned concessions. There are numerous pits, adits and small shafts that were developed by local gambusinos during the 1900's. A few small workings however, appear to be much older, and may be from indigenous communities
The property has been aggressively explored by field programs including geologic mapping, sampling, trenching and a first phase of RVC drilling. Results were encouraging and showed the favourable trend could be at least 5 kilometeres long, but due to significant payouts due on four optioned concessions, the Company's land position has been reduced to its wholly owned concessions. The G Zone, which has returned values from surface trenching of 18.86 g/t gold and 13.09 g/t silver, is particularly attractive. The exploration potential for discovering additional zones of mineralization is excellent.
Last:
$0.06
High:
$0.07
Low:
$0.06
Chg:
even
Vol:
38500
