|Drilling Commences at Northair’s El Reventon Silver Project, Mexico
International Northair Mines Ltd. (TSXV:INM) is pleased to announce that a diamond drilling program has commenced on the El Reventon Project, located in the state of Durango, Mexico.
The Company has contracted for a program of NQ core drilling at El Reventon that will continue until the onset of the Mexican heavy rainy season. This program will be the first drill test of the Reventon Breccia, which has returned significant values from surface sampling, including 52 metres of 166.5 g/t silver. A total of 51 samples taken by the Company from the exposed breccia over an area of approximately 70 metres by 70 metres, averaged 103.9 g/t silver, 0.75% lead and 0.79% zinc.
In addition to the Reventon Breccia, the nearly 3500 hectare project contains a number of other potentially significant precious metal occurrences within andesite volcanics and diorite porphyry intrusives. Surface exploration is continuing to bring these zones to the drill decision stage.
Results from the current drilling program will be announced once assays are received and interpreted by technical staff. The Company maintains a quality control program using best industry practices consistent with National Instrument 43-101. The program is under the supervision of Mr. Jim Robinson, Vice President of the Company who is a Qualified Person as defined by NI 43-101.
Grant of Options
The Company also announces that it has granted incentive stock options under its Stock Option Plan to an officer for 10,000 shares of the Company. The options are exercisable on or before June 6, 2012 at a price of $0.275 per share.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
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.