VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 25, 2014) – International Northair Mines Ltd. (TSX VENTURE:INM) (the “Company” or “Northair”) is pleased to provide an update of the ongoing exploration program at its La Cigarra silver project (the “Property”), located in north central Mexico.
Since the beginning of year, Northair has maintained a full complement of exploration staff on site and has continued with a comprehensive property exploration program. This program has concentrated on the open ended 6.5 kilometre long La Cigarra mineralized system to provide additional geological information as a guide for further drilling of a number of attractive targets located adjacent to and on trend of the published NI 43-101 mineral resource (see INM PR#13-05 dated February 26, 2013). To date, the 50.4 million ounces of silver in the Measured and Indicated categories grading 76 g/t silver and 3.5 million ounces of silver in the Inferred category grading 61 g/t silver has been defined over 2.1 kilometres of the known mineral trend.
In addition, geological mapping along with rock and soil sampling was conducted, which has successfully increased the Company’s knowledge base in each direction of the La Cigarra mineralized system. Rock and soil samples taken around newly discovered old workings point to a new and potentially important silver bearing target west of the Las Carolinas Zone. Geological mapping, sampling and trenching is underway to ascertain the importance of this new zone. Continued soil sampling on a grid basis has also identified a new gold in soil anomaly northwest of the new silver zone.
Commenting on the results, Fred Hewett, the Company’s CEO said, “We continue to be very encouraged by the results of our exploration program at La Cigarra. Our systematic evaluation of the property continues to yield exciting new drill targets while increasing our confidence levels in the potential to add meaningfully to the resources at La Cigarra.”
The Company will provide updates to its follow up program as soon as results become available.
Northair is pleased to announce that it signed the Definitive Agreement with DFX Exploration Ltd. in connection with the previously announced binding Letter of Intent to significantly expand its interest in a large land position (the “Parral Concessions”) totalling approximately 22,000 hectares surrounding its original six La Cigarra Concessions. For detailed information regarding the terms of this agreement, please see Northair press release #13-11, dated January 14, 2014.
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. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. 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.
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.