Northair Silver Corp.
TSX VENTURE : INM

Northair Silver Corp.

February 23, 2016 08:00 ET

Northair Announces Sampling Results at La Colorada Zone, La Cigarra Project, Mexico

Highlights Include 6.92 g/t Gold Over 1.5 Metres and 125 g/t Silver and 0.46 g/t Gold Over 2.0 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2016) - Northair Silver Corp. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to announce positive sampling results at the La Colorada Zone ("La Colorada") on its flagship La Cigarra silver project (the "Project") located in Chihuahua State, Mexico.

Recent surface exploration work conducted by Northair included 15 channel and rock samples taken from veined faults traced over a distance of approximately 100 metres near the eastern margin of the La Colorada intrusive center. This work returned 125 g/t silver over a 1.5 metre channel width with 7 samples reporting values greater than 10 g/t silver. Additionally, 7 rock chip samples returned greater than 0.10 g/t gold, with 3 samples reporting over 1.0 g/t gold. The highest grade channel sample returned 6.92 g/t gold over a 2.0 metre width.

Andrea Zaradic commented, "We are very pleased with these latest sample results at the La Colorada Zone which supports our belief that additional exploration potential exists on the project in close proximity to the La Cigarra resource area. The Company will continue its field studies with the objective of defining additional targets with economic potential"

The La Colorada Zone is expressed on surface as a northwest-southeast trending silver and gold soil anomaly measuring 1,400 meters in length and 300 to 400 metres in width. The Company believes La Colorada represents a mineralized zone on the margin of the La Colorada intrusive center which is situated approximately 300 meters west of the Ram Zone and 1,200 meters west of the La Cigarra deposit. To view a map highlighting the sampling results at the La Colorada Zone please click the following link: http://www.northairsilver.com/i/maps/2016-02-23_NRM_INM_yrRn7s.jpg

La Colorada Zone - Recent Channel and Rock Chip Sampling
Sample East North Type Width (metres) Ag (g/t) Au (g/t) Pb ppm Zn ppm
232326 408329 2991831 Channel 2 125.00 0.464 35100 1460
232327 408330 2991836 Channel 2 80.30 0.271 30700 1390
232322 408328 2991832 Channel 2 72.90 0.168 22000 1400
232323 408323 2991823 Channel 1.5 30.70 0.336 5950 1040
232334 408288 2991774 Channel 1.5 28.00 6.920 3200 706
232328 408331 2991828 Channel 1.5 25.90 0.085 5500 1080
232332 408246 2991758 Channel 1.5 11.15 1.870 4140 4730
232336 408285 2991770 Rock N/A 6.05 1.030 492 189
232324 408321 2991831 Channel 1.5 0.69 0.008 149.5 525
232333 408370 2991730 Channel 2 0.68 0.030 25.9 437
232335 408288 2991776 Channel 1.2 0.66 0.047 31.2 298
232325 408328 2991827 Channel 1.5 0.64 0.009 276 559
232329 408329 2991833 Channel 1.2 0.59 0.009 399 599
232330 408329 2991831 Channel 1.2 0.47 0.008 399 408
232331 408387 2991890 Channel 1.2 0.28 0.058 37 66

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.

Qualified Persons

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

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.

Contact Information

  • Northair Silver Corp.
    Andrea Zaradic
    President & CEO
    604-687-7545 or 1-888-338-2200

    Northair Silver Corp.
    Chris Curran
    Manager of Corporate Communications
    604-687-7545 or 1-888-338-2200
    info@northair.com
    www.northairsilver.com