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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2011) - International Northair Mines Ltd. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to provide an update on its ongoing Phase II drill program currently underway at the La Cigarra silver project located in north central Mexico.
Since drilling recommenced on the property on March 21st, five additional holes have been completed within the San Gregorio Zone. Two of the holes were completed along strike of hole CC-11-002, which returned 80.45 metres of 123.5 g/t silver. The three remaining holes were drilled below previously reported drilling to test the down dip projection of the zone. Geological logging and sampling of these holes are progressing well and results will be released once all assays are received and interpreted.
The drill rig has been moved 1,000 metres southeast to continue to explore the Las Carolinas Zone while results are awaited from the San Gregorio drilling. Four additional drill holes are immediately planned in this zone to test along strike and downdip from previous hole CC-11-005, which returned 48.05 metres of 140.6 g/t silver.
The Company is currently well financed and plans to conduct an aggressive exploration program to include additional drilling in all three presently known mineralized zones within the property as well as explore for additional silver rich areas.
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 mineral system with three identified zones along a three kilometre trend. Grupo Northair de Mexico, S.A. de C.A., a subsidiary of Northair, can acquire a 100% property ownership by making payments over a 5 year period totaling US$445,000 with no royalties.
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 Chemex Labs in Chihuahua for drying, crushing and pulverizing; with the pulps sent airfreight by ALS Chemex to Vancouver, B.C. for analysis. 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 reviewed 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, P.Eng., President & CEO
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.
FOR FURTHER INFORMATION PLEASE CONTACT: Fred Hewett
International Northair Mines Ltd.
President
604-687-7545 or 1-888-338-2200
ORChris Curran
International Northair Mines Ltd.
Investor Relations
604-687-7545 or 1-888-338-2200
604-689-5041 (FAX)
[email protected]
http://www.northair.com/international/">www.northair.com/international/
