News
January 10, 2007
2007 Exploration Plans - Two Drill Programs Anticipated
International Northair Mines Ltd. (TSXV:INM) is pleased to announce that the Company is continuing with their aggressive Mexican exploration program. With the recently completed non-brokered private placement, Northair is well funded to continue its successful generative and acquisition program. The generative exploration program remains focused primarily in the Sierra Madre Occidental geological province where Northair geologists believe significant potential exists. Concurrently, the Company maintains an active program of investigating advanced stage properties throughout Mexico that can quickly be brought into production.
Northair currently has four active projects in Mexico. Two of these, El Reventon and La India, are located in the State of Durango and are currently being explored by the Company. Northair has received and is evaluating numerous inquiries from other companies expressing an interest in potential joint ventures on these properties.
At the El Reventon Project, exploration crews have completed geologic mapping, rock sampling and stream sediment sampling of approximately 30% of the property. The Company's large land position controls numerous gold-silver-polymetallic vein systems, as well as potential bulk tonnage targets, including the El Reventon Breccia and the Los Alisos zones. Sampling from the El Reventon Breccia in mid-2006 returned 52 metres of 166.5 g/t silver with associated lead and zinc. Results from rock chip samples taken during the recent program are pending, however, preliminary assays have been received from stream sediment samples. To date, a total of 47 stream sediment samples have been taken from 5 drainage basins primarily within the northern half of the property position. Silver results from the stream sediments are exceptionally strong and further follow-up is planned. Programs will include further rock chip and stream sediment sampling, soil sampling surveys and trenching prior to drilling. A bulldozer, which is working in the vicinity on local road improvements, will be contracted for mechanical trenching, and to provide access to drill sites for some of the higher priority mineralized zones. Drilling may be scheduled by the end of the second quarter.
At the La India Project, which the Company believes has the potential to host bulk mineable gold deposits, geological mapping and sampling is continuing. The La India Breccia, which has been mapped over a strike length of approximately 300 metres with widths locally exceeding 70 metres, is the principle target defined to date. Sampling within the La India Breccia has reported very encouraging gold assays. To date, 100 samples have been taken from the zone, with a global average of 0.844 g/t gold. Highlighted intervals of continuous chip sampling include 15 meters @ 2.42 g/t gold, 32 metres @ 2.31 g/t gold, and 48 metres @ 1.08 g/t gold. Exploration potential within the property position is considered good for the discovery of additional deposits.
Two other Mexican properties are owned by Northair and have been joint ventured to other companies. At the El Tesoro Project in Durango, the Company continues to receive monthly payments from Minera San Valentin from concession leases that are in small-scale production. At the Sierra Rosario Project in Sinaloa, Sparton Resources Inc. (TSXV:SRI) has indicated they plan to drill the untested San Rafael Zone early this year. Northair believes this zone has significant potential for a bulk mineable gold and silver deposit.
Exploration programs in Mexico are supervised by Mr. Jim Robinson, Vice President of the Company, who is a Qualified Person as defined by National Instrument 43-101. The Company maintains a quality control program using best industry practices consistent with NI 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
"Fred G. Hewett"
____________________________________
Fred G. Hewett, P.Eng.
President & CEO
Northair currently has four active projects in Mexico. Two of these, El Reventon and La India, are located in the State of Durango and are currently being explored by the Company. Northair has received and is evaluating numerous inquiries from other companies expressing an interest in potential joint ventures on these properties.
At the El Reventon Project, exploration crews have completed geologic mapping, rock sampling and stream sediment sampling of approximately 30% of the property. The Company's large land position controls numerous gold-silver-polymetallic vein systems, as well as potential bulk tonnage targets, including the El Reventon Breccia and the Los Alisos zones. Sampling from the El Reventon Breccia in mid-2006 returned 52 metres of 166.5 g/t silver with associated lead and zinc. Results from rock chip samples taken during the recent program are pending, however, preliminary assays have been received from stream sediment samples. To date, a total of 47 stream sediment samples have been taken from 5 drainage basins primarily within the northern half of the property position. Silver results from the stream sediments are exceptionally strong and further follow-up is planned. Programs will include further rock chip and stream sediment sampling, soil sampling surveys and trenching prior to drilling. A bulldozer, which is working in the vicinity on local road improvements, will be contracted for mechanical trenching, and to provide access to drill sites for some of the higher priority mineralized zones. Drilling may be scheduled by the end of the second quarter.
At the La India Project, which the Company believes has the potential to host bulk mineable gold deposits, geological mapping and sampling is continuing. The La India Breccia, which has been mapped over a strike length of approximately 300 metres with widths locally exceeding 70 metres, is the principle target defined to date. Sampling within the La India Breccia has reported very encouraging gold assays. To date, 100 samples have been taken from the zone, with a global average of 0.844 g/t gold. Highlighted intervals of continuous chip sampling include 15 meters @ 2.42 g/t gold, 32 metres @ 2.31 g/t gold, and 48 metres @ 1.08 g/t gold. Exploration potential within the property position is considered good for the discovery of additional deposits.
Two other Mexican properties are owned by Northair and have been joint ventured to other companies. At the El Tesoro Project in Durango, the Company continues to receive monthly payments from Minera San Valentin from concession leases that are in small-scale production. At the Sierra Rosario Project in Sinaloa, Sparton Resources Inc. (TSXV:SRI) has indicated they plan to drill the untested San Rafael Zone early this year. Northair believes this zone has significant potential for a bulk mineable gold and silver deposit.
Exploration programs in Mexico are supervised by Mr. Jim Robinson, Vice President of the Company, who is a Qualified Person as defined by National Instrument 43-101. The Company maintains a quality control program using best industry practices consistent with NI 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
"Fred G. Hewett"
____________________________________
Fred G. Hewett, P.Eng.
President & CEO