Northair Silver Corp. (TSXV: INM) (the "Company" or "Northair") is pleased to announce additional positive sampling results at the Nogalera Zone ("Nogalera") on its flagship La Cigarra silver project (the "Project") located in Chihuahua State, Mexico.
Andrea Zaradic, (President & CEO of Northair) commented, "We are very excited about the recent field results from the mapping and sampling program completed by the Company within the Nogalera area. These results further support the possibility of a mineralized body on the western flank of the La Cigarra resource area (the "West Flank"), which displays similar structural geometry as identified at Las Carolinas. Fieldwork will progress at Nogalera as the Company continues to gather additional information on this important target."
To follow-up a previous exploration program reported on November 9, 2015 (see INM PR#15-10), the Company continued its work at the Nogalera Zone located southwest from the La Cigarra silver deposit. The West Flank target is hosted within the southwest flanks of a district geologic feature called the La Cigarra Anticline. Here, two sub-parallel mineralized structures occur and can be traced for upwards of 700 meters. Rock samples taken along the more westerly splay of the West Flank target consistently returned high grade gold and lead values with appreciable silver and zinc anomalies. The Company completed a series of 15 channel samples here that support continuous mineralization along strike. Further structures sampled in this area can be projected on trend with exposures where previous sampling had identified similar gold lead silver and zinc mineralization. The eastern segment of the West Flank target is not as well defined, but is exposed in a shallow shaft where two samples averaged 100 g/t silver and 0.7 g/t gold.
Please click on the following link to view a map showing the results of the gold in rock samples and the location of the mineralized structures found within the Nogalera Zone:
Highlights of Recent Samples at Nogalera Zone
Of the 64 rock samples taken during the recent follow up program, one grab sample returned a high value of10.85 g/t gold and 179 g/t silver. In total 12 samples reported grades exceeding 10 g/t silver (see table below for further highlights).
Nogalera Zone — Channel and Rock Chip Sampling Highlights > 10 g/t Silver
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 is 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.
Mr. David Ernst, a professional geologist and VP Exploration of Northair is a Qualified Person as defined by NI 43-101. Mr. Ernst has reviewed the technical information in this news release and approves the disclosure herein.
About Northair Silver Corp.
Northair is focused on advancing its flagship La Cigarra silver project located in the state of Chihuahua, Mexico, 26 kilometres from the historic silver mining city of Parral. The property boasts nearby power, good road access, gentle topography, established infrastructure and currently hosts a NI 43-101 Resource estimate of 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometres and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25km north, and along strike of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine.
ON BEHALF OF THE BOARD,
NORTHAIR SILVER CORP.
Andrea Zaradic, P. Eng.
President & CEO
Chris Curran, Manager of Corporate Communications at 604-687-7545 or 1-888-338-2200
Website: www.northairsilver.com Email: [email protected]
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.
Caution Concerning Forward-Looking Statements
This news release may contain forward looking statements which are statements that are not statements of historical fact, such as statements regarding the mineral resource estimates, results of the sensitivity analysis, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involve 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, mineral 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.
Cautionary Note Concerning Estimates of Measured, Indicated and Inferred Mineral Resources
This news release uses the terms "Measured and Indicated Resources" and "Inferred Resources", which have a great amount of uncertainty as to their existence, and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of a Measured and Indicated and/or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. Northair advises U.S. investors that while this term is recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize it. U.S. investors are cautioned not to assume that part or all of a Measured, Indicated and Inferred resource exists, or is economically or legally minable.
Original Article: http://www.northairsilver.com/s/news.asp?ReportID=734330