|El Reventon & La India Exploration Update
International Northair Mines Ltd. (TSXV:INM) reports that exploration has resumed at the Company’s El Reventon Silver Project located in the state of Durango, Mexico. Field programs had been suspended due to the unusually heavy fall rainy season.
The current program is designed to take the El Reventon Breccia to a drill definition stage, as well as to fully evaluate the Company’s large land position totaling over 3400 hectares. Previously released exploration results from the El Reventon Breccia describe a mineralized outcrop of approximately 70 x 70 metres. Company geologists believe that the El Reventon Breccia could be significantly larger than currently exposed, due to extensive surrounding cover by Quaternary deposits and post-mineral volcanics. A total of 51 chip samples have been taken from within the breccia by the Company with an overall average of 104 g/t silver, 0.74% lead, and 0.79% zinc. The current program includes additional geological mapping, sampling, trenching and soil surveys. The logistics of a ground geophysical program are also being considered prior to drilling.
Exploration teams are also currently engaged in evaluating the entire property position. Prior to the onset of the rainy season, an additional eleven distinct zones of mineralization were discovered. All of these zones contain prospects and historic mines, some possibly dating back to the Spanish. Preliminary rock chip sample results from these zones have been encouraging. The current program will continue with geologic mapping and rock chip sampling, as well as detail evaluation of historic mines and mineralized zones. An important segment of the program will be stream sediment sampling, which has proven to be a valuable tool in this geologic setting.
As well, the Company plans to shortly resume exploration programs at the La India Gold Project, also located in the state of Durango. Exploration programs to date have focused primarily on the La India breccia, which has the potential to contain low sulfidation bulk tonnage gold mineralization. Geologic mapping has defined a zone of alteration and mineralization having a strike length of approximately 300 metres, with widths locally exceeding 70 metres. The volcanics and intrusive rocks within the La India breccia exhibit intense silica flooding and quartz veining, with locally extensive hydrothermal brecciation. Previously released sample results include 100 samples taken from the zone, which average 0.844 g/t gold. Highlighted intervals of continuous chip sampling include 15 meters @ 2.42 g/t gold, 32 metres @ 2.31 g/t gold, and 48 metres @ 1.08 g/t gold. Joint venture enquiries have been received by the Company for both the El Reventon and La India properties.
Concurrently, the Company maintains an active generative program focusing in the Sierra Madre Occidental with potential acquisition targets identified in northern Durango and in southern Chihuahua. In addition, the Company is engaged in evaluation of potential high level acquisition candidates in Mexico which could be brought quickly into production.
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.
Per: “Fred G. Hewett”
Fred G. Hewett, P.Eng., President & C.E.O.
FOR MORE INFORMATION CONTACT BRAD KOPP, MANAGER, CORPORATE DEVELOPMENT
At 604-331-2272 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.