|El Reventon Project Acquired
International Northair Mines Ltd. (TSXV:INM) announces the acquisition of the El Reventon Project located in the state of Durango, Mexico. The project has been acquired for its potential to contain bulk tonnage silver-lead-zinc deposits, as well as high grade silver-lead-zinc vein occurrences.
El Reventon was identified as an acquisition target by exploration staff early in 2006 as part of the Company’s generative exploration program. Initial sampling reported very encouraging silver-lead-zinc mineralization from the El Reventon breccia occurrence. Further reconnaissance and sampling programs in the area revealed the presence of a number of high grade silver-lead-zinc vein systems as well as potential for other bulk tonnage deposits. The company has recently compiled a land position of approximately 3500 hectares through staking and the option of a 60 hectare concession. The company can acquire a 100% interest in the optioned concession by paying US$150,000 over a four year period.
El Reventon is located in the municipality of Otaez, Durango and is approximately 170 kilometres northwest of the capital city of Durango. Road access is excellent. The Company plans to aggressively explore El Reventon with programs to include geological mapping, sampling, trenching and ground geophysics. Positive results from these programs will help to define drill targets.
The El Reventon Project lies within the Sierra Madre Occidental geological province and a highly prospective mineral belt that includes the mines and districts of Bacis, Montoros, Metates, La Cienega and Topia. The property position controls a series of occurrences aligned along a northeast trending belt consisting of Upper Jurassic low grade metasedimentary rocks overlain by andesite and rhyolite volcanics belonging to the Inferior and Superior Super Groups intruded by numerous dykes and stocks. The Company’s initial exploration has been focusing primarily on the El Reventon breccia which contains mineralization in an intensely altered andesite porphyry exposed over an area of approximately 50x70 metres. Initial reconnaissance chip sampling from the breccia averaged 164 g/t Ag, 0.81% Pb, and 1.43% Zn from significant sample lengths. The Company recently completed a second program of continuous 3 metre chip samples over the breccia outcrop, and results will be reported when received and interpreted by exploration staff.
Further to the news release of March 6, 2006, Northair has elected not to continue exploration on the gold target discussed therein due to claim ownership complications. Additional reconnaissance programs continue to generate other attractive potential acquisition targets in Mexico. The Company is also reviewing potential acquisitions in Canada.
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
FOR MORE INFORMATION CONTACT THE COMPANY AT
1-604-687-7545 or Toll Free at 1-888-338-2200
Website: www.internationalnorthair.com Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press 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 the Company’s Sedar filings for a more detailed discussion of factors that may impact expected results.