|Northair Increases Land Position At El Reventon - SampleValues to 829 g/t Silver
International Northair Mines Ltd. (TSXV:INM) announces that the Company has staked an additional concession at the El Reventon Project, located in the state of Durango, Mexico. The concession was acquired to cover recently discovered additional zones of mineralization and abundant large historic mine workings, immediately west of the original concessions. Five reconnaissance grab/chip samples taken from altered diorite intrusives within the new concession reported 321, 829, 20.4, 122 and 57.2 g/t silver. In addition, a high level epithermal low sulfidation vein was discovered, with a grab sample reporting 6.42 g/t gold over 2 meters.
The new concession totals 2623 hectares, resulting in a contiguous total project area of approximately 6,000 hectares. Recent reconnaissance mapping and sampling programs carried out in conjunction with exploration of the original concessions, resulted in the discovery of a number of zones of potentially high-grade silver mineralization on adjacent open ground. This area, as with the entire El Reventon Project area, appears to have never been evaluated by modern exploration and mining companies. The Company has commenced a detailed first phase mapping and sampling program on portions of the new concession.
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. Initial reconnaissance chip sampling from the Reventon Breccia Zone averaged 52 metres of 166.5 g/t silver 0.73% lead, and 0.85% zinc. Recently, chip samples from the La Estrella Zone located 2 kilometers to the southwest of the Reventon Breccia Zone, returned average values of 0.780 g/t gold, 372 g/t silver and 2.10% zinc. Numerous other zones are currently being evaluated. Exploration on the project continues and assay results will be released as received and interpreted by geological staff.
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 further information please contact Brad Kopp or Kristy Reynolds at (604) 687-7545 or (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.