International Northair Mines Ltd. (TSXV: INM) (the “Company”) is pleased to announce that a second phase reverse circulation drill program has commenced at the El Reventon Project, located in the state of Durango, Mexico. The program will total 2,000 metres in approximately 15 holes and is designed to increase the size of the Reventon Breccia zone, where core drilling in 2007 by the Company returned significant silver values.
The El Reventon property is comprised of a number of attractive silver and gold occurrences of which the Reventon Breccia appears to be the most significant. The Reventon Breccia zone is exposed through overlying volcanics in an erosional window measuring approximately 70 by 70 metres. Surface sampling of the breccia by the Company averaged 104 grams per tonne silver, 0.75% lead and 0.79% zinc. A first phase core drill program completed by the Company during 2007 intercepted significant zones of mineralization, with highlights including 33.5 metres of 179 grams per tonne silver, 22.8 metres of 94.7 grams per tonne silver and 56.4 metres of 84.5 grams per tonne silver, with associated lead and zinc values (see press release dated September 5, 2007 for complete drill results). The average grade of the mineralized intervals encountered in the phase one program was 92 grams per tonne silver. The 2007 program was the first drilling conducted on the property and significantly increased the Company’s geological understanding of the breccia. The second phase drilling will cover an area of approximately 180 by 110 metres and has the potential to materially increase the size of the known breccia.
The Company also will also test the Los Alisos Zone with two exploration drill holes. Los Alisos lies about 500 metres south of the Reventon Breccia and has a similar geochemical signature. Continuous chip sampling at Los Alisos has returned results of 15 metres of 88 grams per tonne silver and, as all of the area between the two zones is covered by post-mineral volcanics, it presents an attractive exploration target.
The Company maintains a quality control program using best industry practices consistent with National Instrument 43-101. All technical information is obtained and reported within a formal quality assurance and quality control (QA/QC) program. Sampling will be done on 5-foot intervals, with 100% of one sample split sent to the ALS Chemex preparatory laboratory in Hermosillo. Sampling procedures will include the insertion of standards and blanks. 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.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
“Fred G. Hewett”
Fred G. Hewett, P.Eng.
President & CEO
For further information please contact Fred Hewett, President or Brad Kopp, Manager, Corporate Development at 604-687-7545 or 1-888-338-2200
Website: www.northair.com/international/ 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 AIF Report and filings for a more detailed discussion of factors that may impact expected results.