| ||March 22, 2010|
Drill Program to Commence at Northair's La Cigarra Silver Project, Mexico
| ||International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to report that a contract has been let to commence a drill program at the La Cigarra Project (the "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). Results of surface sampling by the Company 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. The 1,500 metre phase I reverse circulation drill program is scheduled to commence in April, 2010 and will be targeted to test three specific zones. |
The Las Carolinas Zone, is located in the southern portion of the property and contains some of the properties largest old mine workings. Mineralization has been traced over a strike length of approximately 900 metres within an altered zone that measures 100 meters in width, and is open in both strike directions. A total of 103 rock chip and 6 panel grab samples have been taken from within the zone of alteration, reporting an average grade of 123.1 g/t silver with values ranging between a low of 2.5 g/t silver and a high of 381g/t silver. The average sample length of the rock chip samples is 4.4 metres.
The San Gregorio Zone is located in the central portion of the property and contains two distinct areas referred to as East Hill and West Hill. At East Hill a total of 32 chip samples, (ranging in length from 1.5 to 15 metres with an average length of 4.3 metres), reported an average grade of 180 g/t silver (including a low of 10 g/t silver over a length of 4 metres and a high of 991 g/t silver over a length of 3 metres). At West Hill, located parallel to the structural fabric of the East Hill area and 80 metres to the southwest, a total of 28 samples (ranging in lengths from 1 to 6 metres with an average length of 3.3 metres) reported an average grade of 187.3 g/t silver (including a low of 12.9 g/t silver over a length of 3 metres and a high of 660 g/t silver over a length of 2 metres).
The Company will also test the La Boracha Zone, which is situated in the most northern portion of the property and hosts three different areas of mineralization. In the centre of the zone, a total of 51 rock chip samples, (ranging in lengths from 2.5 to 10 metres, with an average length of 4.8 metres), reported an average grade of 82 g/t silver, including a low of 7 g/t silver over 4.5 metres and a high of 348 g/t silver over 3 metres. To the northwest, a continuous sample of over 25.3 metres reported an average grade of 362.7 g/t silver, with a low of 10.6 g/t silver, and a high of 1940 g/t silver. A third area of mineralization contains a northwesterly striking, moderately northeasterly dipping classic vein system that shows evidence of minor historic development. The vein has been traced on surface and underground workings for approximately 250 metres. High grade mineralization within the vein occurs in shoots, which appear to average between 1 to 2 metres in width. Grades are erratic, with sample results ranging from a low of 12.5 g/t silver over 5 metres to a high of 1,030 g/t silver over 1 metre.
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. 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 a northwest striking fault 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% 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.
Corporately, Northair reports that its Vice-President -- Exploration has left the Company to pursue other business interests. To continue with its aggressive exploration program, the Company has retained Mr. David Mehner as Senior Consulting Geologist to acquire further projects for Northair and assist in the development of its existing properties. Mr. Mehner has over 30 years experience throughout Mexico, North America and Asia, and will provide valuable direction to Northair as it moves forward.
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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