La Cigarra was identified as an acquisition target by exploration staff late in 2008, as part of the Company's generative exploration program. Reconnaissance and initial sampling results completed by Northair confirm numerous silver occurrences currently traced over a 3 kilometre trend of mineralization. The Company, through an ongoing technical review has defined three potentially significant zones of silver mineralization within the property and believes that all three zones have the potential to contain both high grade vein as well as bulk tonnage surface minable silver deposits. Although there are dozens of small to medium sized old historic workings within the project area, there is no evidence of any modern exploration. The Company's wholly-owned subsidiary, Grupo Northair de Mexico, S.A. de C.V. can acquire a 100% interest in the optioned concessions by paying US$450,000 over a five year period.
Last:
$0.06
High:
$0.07
Low:
$0.06
Chg:
even
Vol:
38500
