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VANCOUVER, BRITISH COLUMBIA–(Marketwire – April 25, 2012) – International Northair Mines Ltd. (INM.V – News) (the “Company” or “Northair”) is pleased to announce that an additional core drill rig is on site to expedite the drill program underway at its La Cigarra silver project (“the Project”), located in north central Mexico.
“A second core drill rig has been added to accelerate and enhance the ongoing drill program at La Cigarra,” said Fred Hewett, President & CEO of Northair. “The Company is taking this step to ensure that the timeline for the Project’s initial resource estimate stays on track and is delivered in Q3 2012.”
Northair is currently conducting a major core drill program focused on defining the San Gregorio and Las Carolinas zones and step out drilling to test the intervening prospective areas between these two zones. Based on drilling to date, a mineralized system has been clearly identified along a 2,000 metre trend, which encompasses both the San Gregorio and Las Carolinas Zones. Results from 11 reverse circulation and 50 core holes reported within the 2,000 metre identified system have all returned significant silver values with an average length-weighted grade of approximately 50 g/t silver and additional anomalous gold, lead and zinc values. Drilling has tested the system to approximately 200 metres down dip where similar grade silver values were encountered. The system remains open along strike and down dip.
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 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, 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.
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.
