The property is located approximately 140 km north of the state capital city of Durango, Mexico with good local access and infrastructure.
The project was acquired for its potential to contain low sulfidation bulk tonnage gold deposits - focus to date has been on the La India Breccia.
Northair's exploration work includes 96 samples have been taken from the main breccia zone averaging 0.844 g/t gold with a high of 10.80 g/t gold.
In 2008 a joint venture agreement was signed with Fresnillo PLC ("Fresnillo"), a subsidiary of Industrias Peņoles, S.A. de C.V. ("Peņoles").
Fresnillo's exploration work includes surface geological mapping, sampling (including 158 rock chip samples within the main breccia zone reporting an average grade of 0.63 g/t gold) and a drill program consisting of 8 diamond drill holes totaling 867 metres.
In 2009, Fresnillo returned the property to Northair
Last:
$0.06
High:
$0.07
Low:
$0.06
Chg:
even
Vol:
38500
