January 15, 2010 Northair Prepares for Drill Program at La Cigarra Silver Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") announces that planning is well underway for the first drill test of the La Cigarra Project (the "Project"), located approximately 26 kilometers from the city of Parral in north central Mexico. The Company has requested bids from three drill contractors for a minimum 1,000 metre reverse circulation drill program to commence in the first quarter of 2010.
The La Cigarra silver project consists of six concessions and is located in State of Chihuahua along the eastern fringes of the Sierra Madre Occidental in Mexico. Reconnaissance and sampling completed by Northair to date confirm three potentially significant zones of silver mineralization within a 3 kilometre trend. The La Cigarra silver project has good access, topography and infrastructure. Grupo Northair de Mexico, S.A. de C.A., a subsidiary of Northair, can acquire a 100% ownership of the concessions by making payments over a 5 year period totaling US$445,000 with no royalties.
The grades 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.
Northair has been informed by Great Bear Uranium that it is not proceeding with its option on the El Reventon property.
The technical information in 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.
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