International Northair Mines Ltd.
TSX VENTURE : INM

International Northair Mines Ltd.

June 16, 2011 08:00 ET

Northair Intersects 21.85 Metres of 185.8 g/t Silver at La Cigarra Project, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - International Northair Mines Ltd. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to announce assay results from three diamond drill holes recently completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.

Drill highlights include:

  • Hole CC-11-012 returning 25.60 metres of 61.6 g/t silver including 5.00 metres of 99.8 g/t silver;
  • Hole CC-11-013 returning 21.85 metres of 185.8g/t silver including 7.60 metres of 461.1 g/t silver;
  • Hole CC-11-014 returning 29.80 metres of 29.6 g/t silver.

"Drilling at the Las Carolinas Zone continues to intersect significant silver values and encounter similar geology to that found in San Gregorio Zone which is located 1 kilometre to the northwest," said Fred Hewett, President & CEO. "Both zones remain open along strike and down dip. The drill results to date from these two zones, along with the intervening 1,000 metres of untested ground provides excellent immediate upside exploration potential. Additional potential also exists 1 kilometre north of San Gregorio at the La Borracha Zone which has yet to see core drilling."

Drill Results:

Las Carolinas Zone
FromToDrill InterceptSilverGold
Hole (metres)(metres)(metres) Note 3g/tg/t
CC-11-012104.40122.5018.1054.80.023
Includes104.40113.609.2095.30.025
and131.60157.2025.6061.20.077
Includes151.35155.805.0099.80.171
and180.50187.106.60144.40.019
Note 16.6071.60.019
CC-11-013104.35126.2021.85185.80.061
Note 121.85122.60.061
Includes112.80120.407.60461.10.100
Note 17.60279.60.100
and140.70168.6027.9071.70.065
Note 127.9069.50.065
Includes156.45167.1010.65163.70.080
Note 110.65158.00.080
CC-11-01468.5098.8029.8029.60.088
and109.50115.455.9550.40.020
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: True widths estimated +/- 80% of drill intercept.
Note 4: Some sections of mineralization carry appreciable lead and zinc values.

To view the site plan of the drilling please click on the following link:

Plan view

http://www.internationalnorthair.com/i/imagegallery/lacigarra/2011-06-14%20Las%20Carolinas%20Zone%20PP.jpg

Section 1+00 N

http://www.internationalnorthair.com/i/imagegallery/lacigarra/2011-06-14%20Press%20Release%20LC1+00%20N-01.jpg

Section 1+50 N

http://www.internationalnorthair.com/i/imagegallery/lacigarra/2011-06-14%20Press%20Release%20LC1+50%20N-01.jpg

Drilling Discussion – Las Carolinas Zone

Holes CC-11-012, CC-11-013 and CC-11-014 were drilled at Las Carolinas to test for continuity of the silver bearing zone along strike and to depth where previous drilling had returned significant silver values.

Hole CC-11-012 was drilled on section 1+00N to establish the width of the mineralized zone and test 70 metres down dip of CC-11-006 (which was collared in the zone and returning 53.3 metres of 55.5 g/t silver). Results of hole CC-11-012 has now extended the mineralized system 130 metres down-dip from surface and established that the zone is at least 100 metres wide. The area remains open to depth and along strike.

Hole CC-11-013 was drilled on section 1+50N as a step-out hole along strike, 50 metres to the north of CC-11-006 and CC-11-012. This is the northern most hole reported in the zone to date, and has successfully extended the zone, which remains open along strike and to depth.

Hole CC-11-014 was drilled on section 0+00 to test below CRC-10-002 and 70 metres down dip of CC-11-005 (which was collared in the zone and returning 60.8 metres of 114.8 g/t silver). Hole CC-014 successfully tested the mineralized zone 135 metres below surface with an apparent drop in grade from that in comparison to upper holes on this section.

Results from four additional holes drilled in Las Carolinas are pending and will be reported when available. While Northair awaits the assays from these holes, drilling is continuing at the San Gregorio Zone with the program testing the zone along strike in both directions and downdip.

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.

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 mineral system with three identified zones along a three kilometre trend.

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.

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.

Contact Information

  • International Northair Mines Ltd.
    Fred Hewett
    President
    604-687-7545 or 1-888-338-2200

    International Northair Mines Ltd.
    Chris Curran
    Investor Relations
    604-687-7545 or 1-888-338-2200
    604-689-5041 (FAX)
    info@northair.com
    www.northair.com/international/