January 30, 2013
Northair Intersects 765 g/t Silver over 6.5 Metres at La Cigarra Project, Mexico
International Northair Mines Ltd. (TSXV: INM) (the "Company" or "Northair") is pleased to announce drill results from nine core holes at the San Gregorio Zone and two core holes at the Las Carolinas Zone completed on its La Cigarra silver project ("Property") located in north central Mexico.
"We continue to be extremely pleased with the drill results from the Property," said Fred Hewett, President and CEO of Northair. "The 765 g/t silver intersection from hole CC-12-135 in the San Gregorio Zone is the highest silver grade (over widths greater than 5 metres), reported to date. These results, combined with previous drilling, indicate that a high grade silver zone is being delineated in the northern half of San Gregorio. This higher grade zone currently has a strike of 300 metres and remains open with significant opportunity to expand with further drilling."
San Gregorio Zone:
Four (4) holes, CC-12-131, 133, 135 and 138 were completed in the northern half of the San Gregorio Zone to test for a northern continuation of mineralization previously encountered in holes CC-11-026 and CC-12-083 on sections 0+00 and 0+50S, respectively.
In the southern proportion of the San Gregorio Zone two holes were drilled on section 4+50S up dip of CC-11-044 to establish the thickness of the zone towards the surface. Hole CC-12-129 showed that mineralization extends 70 metres up dip from CC-11-044. Hole CC-12-130 failed to intersect significant mineralization and is believed to have been collared in the footwall of the zone, indicating controls to mineralization here are steeper than predicted.
To view the site plan of the San Gregorio Zone, please click on the following link:
To view a cross section of hole CC-12-135, please click on the following link:
Las Carolinas Zone:
Two holes were drilled at Las Carolinas to provide infill data.
|CC-12-130||-50°||San Gregorio||No significant intervals|
Note 1: Intervals with silver values greater than 500 g/t reported as 500 g/t.To view the comprehensive results of all the drill holes completed to date on the La Cigarra Project, please click the link:
Note 2: Reported widths may contain intervals with values less than 10g/t silver.
Note 3: Intervals also contain lead and zinc values.
2012 Drilling Notes
Data collected from all drill campaigns within the Las Carolinas and San Gregorio area has defined a mineralized system measuring 2.4 kilometres in length and open. This data will be used to calculate the Property's initial NI 43-101 compliant resource estimate due in Q1 2013.
To date, Northair has released the results of all 139 core holes completed on the Property. Since the first drill program was initiated on the property in 2010, the Company has completed 23,876 meters of drilling in 15 reverse circulation holes and 139 HQ sized core holes.
Additional drilling is anticipated in Q2 2013 to further explore the La Cigarra Resource area, which remains open in all directions; and to test district targets recently generated from the Company's ongoing field programs.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua and Inspectorate America Corporation ("Inspectorate") in Durango City. In both cases the samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS to Vancouver B.C. and by Inspectorate to Vancouver B.C. or Reno, Nevada. Systematic assaying of standards and blanks are performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
About the La Cigarra Silver Project
The La Cigarra Project is located in the state of Chihuahua along the eastern fringes of the Sierra Madre Occidental in Mexico. Local topography is gentle with good road access to the major city of Parral, located 26 kilometres to the southeast. The 32,064 hectare property position controls an emerging mineral district with permissive geology and numerous historical mine workings. Of potential economic significance is the San Gregorio/Las Carolinas area, currently defined by drilling over a strike length measuring 2.4 kilometres. Over the short term the Company's objectives include the completion of its initial resource study and the definition of additional drill targets for testing in the upcoming field season.
This news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and approved by Fred Hewett the Company's President and CEO, and a Qualified Person under NI 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
"Fred G. Hewett"
Fred G. Hewett, P.Eng.
President & CEO
Fred Hewett, President, Chris Curran, Manager of Corporate Communications or Brent Levenstadt, Investor Relations Associate
at 604-687-7545 or 1-888-338-2200
Website: www.northair.com/international/ Email: [email protected]
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 Northair's filings for a more detailed discussion of factors that may impact expected results.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.