| ||August 10, 2010|
Northair Assays 15.3 metres of 0.36 g/t Gold from La Cigarra Project, Mexico
| ||International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to report positive gold assays from Hole CRC-10-11 of the recently completed drill program at the La Cigarra Project, located in north central Mexico. These results, the first gold assays of a complete drill hole from the project, are considered significant and could provide a new property exploration focus. |
Gold Highlights from Hole CRC 10-11:
San Gregorio Zone
Please click the link below to view the cross section of the gold intercept of Hole CRC-10-11:
The Company considers these results to be very positive, and will continue to test for additional gold mineralization that could significantly impact the potential economics of the project. Northair is currently developing plans for the next stage of exploration to expand targets on the property.
During the recently completed phase I drill program, which was focused on potential silver mineralization, the Company carried out a random analysis for gold on selected drill intercepts. This analysis returned highly anomalous gold values and to further investigate the significant selected gold assays, Northair chose Hole CRC-10-11 to be completely analyzed for gold. Results of this analysis are encouraging as the entire intercept, over 100 metres in length, confirmed anomalous gold mineralization highlighted by 1.5 metres of 1.18 g/t gold within a near surface intercept of 10.7 metes of 0.41 g/t gold or 15.3 metres of 0.36 g/t gold.
As a result of the positive gold assays from Hole CRC-10-11, the Company is currently reviewing the complete drill data base and will begin assaying additional drill holes for gold. Holes to be assayed for gold will be selected based on multi-elemental analysis, as studies reveal that gold mineralization within the reported drill intercept correlates strongly with silver, lead and antimony. This is consistent with the element correlation with silver from surface samples for both the San Gregorio and La Boracha zones. Based on the statistical correlation alone, both zones could very likely be as anomalous in gold as they are in silver. Results of the additional gold assays will be announced as soon as they become available.
The phase I drill program, the first known drilling on the property, was recently carried out to confirm surface silver values, expand geological knowledge, and provide a framework to decide upon the future direction of exploration on the property. Drilling intercepted significant widths of altered and mineralized sediments and volcanics with highlights of near surface drill intercepts of 32 metres of 132.4 g/t silver in Hole CRC-10-06 at the San Gregorio Zone, 10.7 metres of 172.5 g/t silver in Hole CRC-10-01 at the Las Carolinas Zone and a near surface intercept of 7.26 metres of 68 g/t silver in Hole CRC-10-13 at the La Boracha Zone. All intercepts returned anomalous, and locally significant, zinc with lead and copper.
Please click on the link below to view a complete summary of the Company's drill results
The La Cigarra silver 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 that 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. La Cigarra has witnessed limited mining and prospecting with no previous apparent drilling along this northwest striking structural trend. Surface sampling from the Company during 2009 and 2010 was successful in highlighting three mineralized centers, and the recent reverse circulation drill program focused on these zones. 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.
The grades from the initial surface sampling reported at La Cigarra appear to be similar in scale to those of the Santa Barbara-San Francisco del Oro sub-districts of Parral that have produced over 440 million ounces of silver. Although La Cigarra has probably had very limited silver production, the Parral Region in total has produced over one billion ounces of silver and over one million ounces of gold, placing it in the top ten silver districts in Mexico.
Sampling and QA/QC
All technical information for the La Cigarra drill 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 picked up on site by ALS Chemex Labs and taken to Chihuahua for drying, crushing and pulverizing; with the pulps sent by airfreight to ALS Chemex in Vancouver BC for analysis. Systematic assaying of standards and blanks are performed for precision and accuracy. Analysis for silver, zinc, lead and copper was done by ICP four acid digestion, with selected 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: [email protected] ___________________________________________________________________________
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.
You can view the Next News Releases item: Mon Sep 27, 2010, Northair Assays 19.8 Metres of 0.305 g/t Gold and 87.4 g/t Silver From La Cigarra Project, Mexico
You can view the Previous News Releases item: Wed Jul 21, 2010, Northair Intersects 7.26 metres of 68 g/t silver at La Cigarra's La Boracha Zone, Mexico
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