International Northair Mines Ltd. Commences Drilling at La Cigarra Silver Project, Mexico
June 25 2014 - 7:00AM
Marketwired
International Northair Mines Ltd. Commences Drilling at La Cigarra
Silver Project, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 25, 2014) -
International Northair Mines Ltd. (TSX-VENTURE:INM) (the "Company"
or "Northair") is pleased to announce that a core drill program has
commenced at the La Cigarra silver project, located in north
central Mexico.
The program will total over 5,000 metres of drilling, designed
to expand the current mineral resources which contains 50.4 million
Measured and Indicated silver ounces grading 76 grams/tonne ("g/t")
and 3.5 million silver ounces of Inferred grading 61 g/t (See INM
PR#13-05 dated February 26, 2013); as well as test currently
undrilled high priority targets along the main La Cigarra
mineralized trend.
"We are very excited to begin our drill program that focuses on
the expansion of the La Cigarra mineral resource," said Fred
Hewett, President and CEO of Northair. "Drilling will begin by
targeting down-dip and on strike projections of mineralization at
the north end of the San Gregorio Zone and to the south of the Las
Carolinas Zone. Drilling will also be conducted along trend to the
south where the Las Venadas and Las Chinas targets are underlain by
the same stratigraphy that hosts mineralization at the San Gregorio
and the Las Carolinas zones. Successful drilling in these target
areas could potentially extend the La Cigarra mineral trend an
additional two (2) kilometers."
Results from the drill program will be announced as soon as the
assays are received and interpreted by the Company.
La Cigarra Silver Deposit - Drilling and Expansion
Potential
The La Cigarra silver project is located in the state of
Chihuahua, 26 kilometres from the historic silver mining city of
Parral. The project boasts nearby power, has good road access,
gentle topography and established infrastructure. La Cigarra was
identified and acquired in 2008 as part of the Company's generative
exploration program. To-date reconnaissance, sampling and drilling
confirm numerous silver occurrences traced over a 6.5
kilometre-long, north-northwest trend of mineralization.
Since the first drill program was completed by the Company in
2010 drill results have been very successful, with all but 2 of the
154 drill holes (totaling over 25,000 metres) hitting potentially
economic mineralization. Of these 154 drill holes, 143 were used to
calculate the initial mineral resource estimate within a
potentially surface mineable area that includes the San Gregorio
and Las Carolinas mineralized zones. This potentially surface
mineable mineral resource is defined over 2.1 kilometres of the
recognized 6.5 kilometre mineralized trend and has a down-dip
extent of greater than 250 metres.
Northair's next priority at La Cigarra is to test projected
mineralization adjacent to and below the current mineral resource.
These targets are bracketed by earlier wider spaced drill holes
that encountered strong mineralization along strike and down dip,
but were excluded from the resource estimate because of low drill
density that did not meet the criteria to be included into the pit
shell boundary. Results of further drilling within and adjacent to
the optimized pit could add silver ounces to the current mineral
resource estimate and lower the estimated 3.28:1 strip ratio.
The Company also believes that considerable exploration
potential exists along the 6.5 kilometre long La Cigarra
mineralized system. This potential is supported by soil sampling
and initial drilling at the La Borracha Zone to the north. Nine
holes drilled here intercepted important silver mineralization that
remains open, and is not included in the La Cigarra mineral
resource. To the south sampling on surface has returned up to 233
g/t silver over 2.5 metres at the Las Venadas and La Chinas zones.
On the 36,000 hectare property there are also numerous target areas
such as the La Navidad and Ram zones defined on surface by a
collection of historic mine workings. Soil sampling, trenching and
mineralized grab samples also add good value to these target zones.
Future drilling in these defined target areas could also
potentially add to the current mineral resource estimate.
The scientific and technical information in this news release
has been approved by Fred Hewett, the Company's President and CEO,
and a Qualified Person under National Instrument 43-101.
About International Northair Mines Ltd.
International Northair Mines Ltd. is a mineral exploration
company engaged in the acquisition and development of gold and
silver properties in Mexico. Northair is focused on advancing its
La Cigarra silver project located in the state of Chihuahua, which
currently hosts a NI 43-101 Resource estimate of 50.4 million
ounces of silver in the Measured & Indicated categories grading
76 g/t silver and 3.5 million ounces of silver in the Inferred
category grading 61 g/t silver constrained by a Whittle pit shell
at an economic cutoff grade of 30 g/t silver (assuming
metallurgical recoveries of 84% silver). The La Cigarra silver
deposit also contains appreciable amounts of lead, zinc and gold as
referenced in the San Gregorio/Las Carolinas Resources Technical
Report La Cigarra Project, Chihuahua Mexico dated effective
February 26, 2013.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Fred G. Hewett, P.Eng., President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This news release may contain forward looking statements
which are not historical facts, such as resource estimates,
anticipated results and costs, and 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, resources estimates, future
anticipated resources 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.
International Northair Mines Ltd.Fred HewettPresident &
CEO604-687-7545 or 1-888-338-2200International Northair Mines
Ltd.Chris CurranManager, Corporate Communications604-687-7545 or
1-888-338-2200info@northair.comwww.internationalnorthair.com
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