VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 26, 2013) – International Northair Mines Ltd. (TSX VENTURE:INM) (the “Company” or “Northair”) is pleased to announce that exploration at its La Cigarra silver project (the “Property”) located in north central Mexico, has identified a potentially significant mineralized zone known as La Navidad.
The La Navidad Zone was discovered as part of a broad geological mapping and sampling program carried out on its 32,000 hectare La Cigarra land package. This new zone appears to represent a mineral trend situated approximately 600 metres to the east and parallel to the main La Cigarra mineralized trend, which currently hosts a measured and indicated mineral resource of 50.5 million ounces of silver grading 76 g/t silver (see INM PR#13-05 dated February 26, 2013). Click the following link to view a map of the property location of the La Navidad Zone:
“La Navidad represents an exceptional target with clear potential to expand the silver resource on the La Cigarra project,” said Fred Hewett, President & CEO of Northair. “This new area, situated parallel to the San Gregorio Zone, offers considerable exploration upside to complement the potential that already exists on the open 6.5 kilometre long La Cigarra mineralized system, which the Company is currently evaluating for future drilling.”
The geology of La Navidad appears identical to that hosting silver mineralization in the San Gregorio Zone, with easterly dipping altered sedimentary rocks intruded by dikes and sills and cut by faulting. Rock sampling comprising chip, channel and grab samples in the area has defined an anomalous silver bearing zone approximately 470 metres in length and over 200 metres in width paralleling San Gregorio. Twenty four rock samples were taken within this anomalous area with values ranging from 0.1 g/t to 63.7 g/t silver; with eleven samples returning greater than 5 g/t silver.
Systematic soil sampling on a 50 metre by 50 metre grid has defined a strong silver-in-soil anomaly measuring 700 metres in length and 50 to 250 metres wide that is largely coincident with the anomalous rock silver values. The central core of the soil anomaly, as defined by the 5 ppm silver contour, is comprised of 25 soil samples with a low of 5 ppm silver and a high of 21.7ppm silver. Scattered but anomalous gold values up to 727 ppb occur within the soil anomaly.
Northair is currently conducting further studies to define and prioritize targets for possible drilling.
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.
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.
About International Northair Mines Ltd.
Northair is a mineral exploration company engaged in the acquisition and development of gold and silver properties in Mexico. The Company is currently 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.
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 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.