|Northair Plans to Drill at the El Reventon Silver Project, Mexico
International Northair Mines Ltd. (TSXV:INM) is pleased to announce that four significant silver bearing targets have been identified by the ongoing field program at the El Reventon Project, located in the state of Durango, Mexico. The Company intends to commence a first phase drill program on a minimum of two of these targets as soon as a drill can be contracted.
The El Reventon Project contains a number of bulk tonnage and high-grade silver (and gold) vein systems within Tertiary andesite volcanics and diorite porphyry intrusives. Further exploration is continuing to complete evaluation of the entire property and advance other zones to a drill decision level. The project lies within a highly prospective mineral belt that includes the mines and districts of Bacis, Montoros, Metates, La Cienega and Topia.
The Company’s first priority will be to drill test the Reventon Breccia. The breccia contains mineralization exposed over an area of approximately 70 x 70 metres and occurs in porphyry intruding andesite volcanics. A total of 51 samples taken from within the breccia average 103.9 g/t silver, 0.74% lead, and 0.79% zinc. Included in this average is a line of continuous mainly 3 meter samples averaging 166.5 g/t silver over 52 metres. Work to date indicates that the breccia could be significantly larger than currently seen as surrounding volcanics are hydrothermally altered over an area of approximately 200 metres by 200 metres. As well, the volcanics on the western margin of the breccia contain significant silver values (22 metres of 40 g/t).
The Company will also drill test the Los Alisos Zone which lies in close proximity to the Reventon Breccia, approximately 500 metres to the south. Recently excavated trenches reported values of 88 g/t silver over 15 metres within a broader zone of anomalous silver values. Additional mechanical trenching is scheduled for the zone prior to drilling. The Los Alisos and Reventon Breccia zones appear to be geologically similar in that they have a comparable geochemical signature and both occur in diorite porphyry. The area between the two zones is covered by post-mineral volcanics and agglomerate, however the Los Alisos Zone may be open to the north and east.
The La Estrella Zone is a recently defined high priority target for the Company, which is also being considered for drilling. The zone is a high grade silver-gold polymetallic vein system, located two kilometres southwest of the Reventon Breccia. Twenty-four samples taken from the zone average 0.825 g/t gold and 385 g/t silver over sample widths from 0.75 to 5 metres. A system of veins and stockworks ranging from approximately 1 to 15 metres in width, has been mapped and sampled in old underground workings and limited surface outcrop over a defined strike length of approximately 180 metres. The zone remains open in both strike directions. Geologic mapping indicates that La Estrella sits in a northwest striking belt of mineralization that occurs over a distance of 2.3 kilometres. This belt contains numerous old workings and is a focus of current exploration on the project.
A fourth zone, the Portrero Zone is located approximately one kilometer northeast of the Reventon Breccia, and contains dozens of prospects and small mine workings over an area of approximately 150 by 225 metres. The zone is being explored as a potential bulk mineable silver target with vein, stockwork and disseminated mineralization occurring in silicified diorite porphyry. A total of sixty-one samples taken from the zone average 23 g/t silver over widths ranging from 1.5 to 7 metres. The Portrero East Zone lies about 200 metres to the east of the main Portrero Zone, and contains high-level epithermal quartz stockwork and silica replacement in diorite porphyry exposed over an area of approximately 75 by 115 metres. Ten panel samples from this zone averaged 28 g/t silver.
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, 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.