|La Josca Zone Drill Program Update
International Northair Mines Ltd. (TSXV:INM) has been informed that Sparton Resources Inc. (TSX-V, SRI) has now completed seven drill holes on the La Josca Zone at the Sierra Rosario property in Sinaloa State, Mexico.
The holes completed have tested a 500-metre-long portion of the 1.1-kilometre-long La Josca structure. Sparton has also reported that strong quartz-sulphide mineralization, similar to that seen on the old Josca mine dumps, has been intersected across widths of up to eight metres in several holes.
An access trail has been completed to the San Rafael Zone in the northern portion of the property and drilling of the targets in this area will commence later this season when a reliable water supply becomes available after seasonal rains fill local reservoirs.
All La Josca core samples have now been taken to the ALS Chemex laboratory in Hermosillo, Mexico. Analyses and results are expected in approximately three weeks and will be reported when available.
Sparton can earn a 51% interest in the property by paying Northair $130,000 (Cdn.) in cash, issuing 275,000 common shares and incurring $800,000 (Cdn.) in exploration expenditures over a four year period.
Sparton's exploration programs at Sierra Rosario are being carried out under the direct supervision of A. Lee Barker, PEng, PGeol, Sparton's president and chief executive officer, who is a qualified person under National Instrument 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Per: “Fred G. Hewett”
Fred G. Hewett, P.Eng.
President & C.E.O.
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.