International Northair Mines Ltd. (TSXV: INM) (the “Company” or “Northair”) is pleased to announce assay results from 6 core holes completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
“The latest results on the Las Carolinas Zone are very positive with CC-12-102 being one of the best holes drilled here to date,” said Fred Hewett, President & CEO of Northair. “The majority of the intercepts reported today are from infill holes positioned to provide the required drill density for the Company’s upcoming Resource calculation. We continue to be very encouraged with the results from La Cigarra and look forward to continuing property wide exploration through the remainder of the year.”
Drill Highlights from the Las Carolinas Infill Program:
- Hole CC-12-096 returned intercepts of 19.70 metres of 29.7 g/t silver and 1.60 meters of 47.2 g/t silver; testing the up dip projection of Hole CC-12-098;
- Hole CC-12-098 intercepted 10.65 metres of 44.00 g/t silver;
- Hole CC-12-099 returned intercepts of 59.50 metres of 28.1 g/t silver including 8.85 metres of 40.7 g/t silver, and 7.90 metres of 58.1 g/t silver. This hole tested the up dip projection of Holes CC-12-057 and CC-11-021;
- Hole CC-12-101 returned intercepts of 30.00 metres of 57.1 g/t silver including 17.00 metres of 87.5 g/t silver, and 20.40 metres of 50.7 g/t silver. This hole tested the up dip projection of Hole CC-12-059;
- Hole CC-12-102 intercepted 45.00 metres of 90.5 g/t silver including 17.50 metres of 181.2 g/t silver. This hole tested the down dip projection of Hole CC-12-058 which intercepted 50.15 meters of 69.4 g/t silver;
- Hole CC-12-103 intercepted 13.30 metres of 95.5 g/t silver.
http://www.internationalnorthair.com//i/pdf/2012_Sept_5_Las_Carolinas_Drill_Plan_PR.pdf
To view the Las Carolinas Zone cross section of 4+00N, please click on the following link:
http://www.internationalnorthair.com/i/maps/2012_Sept_5_Las-Carolinas-4-00N-Cross-Section.jpg
The Company has now completed the first major phase of its 2012 core program at La Cigarra. In 2012 Northair completed 20,660 metres in 118 drill holes with drilling scheduled to recommence in the fall after the rainy season. Results have been released for 92 holes with all of the drilling thus far reporting appreciable mineralization over significant widths. Assays for the remaining 26 core holes (all completed within the San Gregorio and Las Carolina zones) will be released once results are received and interpreted.
Drill Results
Las Carolinas Zone
| Hole | Dip | From | To | Drill Intercept | Silver | Gold |
|---|---|---|---|---|---|---|
| (metres) | (metres) | (metres) | g/t | g/t | ||
| CC-12-096 | -50° | 35.10 | 54.80 | 19.70 | 29.7 | 0.046 |
| 74.10 | 75.70 | 1.60 | 47.2 | 0.058 | ||
| CC-12-098 | -52° | 124.25 | 134.90 | 10.65 | 44.0 | 0.082 |
| CC-12-099 | -88° | 46.60 | 106.10 | 59.50 | 28.1 | 0.047 |
| Includes | 57.90 | 66.75 | 8.85 | 40.7 | 0.040 | |
| and | 93.10 | 101.00 | 7.90 | 58.1 | 0.021 | |
| CC-12-101 | -88° | 48.80 | 78.80 | 30.00 | 57.1 | 0.067 |
| Includes | 53.40 | 70.40 | 17.00 | 87.5 | 0.080 | |
| and | 91.10 | 111.50 | 20.40 | 50.7 | 0.044 | |
| Note 1 | 34.3 | |||||
| CC-12-102 | -51° | 154.50 | 199.50 | 45.00 | 90.5 | 0.069 |
| Note 1 | 88.0 | |||||
| Includes | 179.50 | 197.00 | 17.50 | 181.2 | 0.072 | |
| Note 1 | 174.9 | |||||
| CC-12-103 | -52° | 102.20 | 115.50 | 13.30 | 95.5 | 0.170 |
Note 1: Intervals with silver values greater than 500 g/t reported as 500 g/t.
Note 2: Reported widths may contain intervals with values less than 10g/t silver.
Note 3: Intervals may also contain lead and zinc values.
To view the comprehensive results of all the drill holes completed to date on the La Cigarra Project please click the link:
http://www.internationalnorthair.com/i/pdf/2012_Sept_5_Comprehensive_Table_Drill_Results_PR.pdf
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 south east. The La Cigarra Project hosts a silver-rich, epithermal vein system with three identified zones forming a three kilometre trend.
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
For further information please contact 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]
at 604-687-7545 or 1-888-338-2200
Website: www.northair.com/international/ 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.
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.
