May 25, 2010 Drilling Commences at Northair's La Cigarra Silver Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to report that a 1,500 metre phase I reverse circulation drill program has commenced at the La Cigarra Project, located in north central Mexico. The La Cigarra silver property covers three mineralized zones within a 3 kilometre trend of altered sedimentary rocks (click here to view map).
The target areas to be tested by the 1,500 metre drill program are the Las Carolinas, San Gregorio and La Boracha zones. Results of surface sampling by the Company within these three zones have returned significant silver values ranging between 2.5 g/t silver to over 1,900 g/t silver, with sample lengths variable from 1 to 10 metres. To the knowledge of the Company, no previous significant modern exploration or drilling has been conducted on the property.
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 property hosts a silver-rich epithermal mineral system controlled by northwest striking faults within sedimentary rocks and related to rhyolite dykes and flows. 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 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.
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.
You can view the Next News Releases item: Tue Jul 13, 2010, Northair Intersects 32.0 metres of 132.4 g/t silver at La Cigarra Silver Project, Mexico
You can view the Previous News Releases item: Fri May 14, 2010, Northair Successfully Completes Warrant Incentive Program
You can return to the main News Releases page, or press the Back button on your browser.