International Northair Mines Ltd.
TSX VENTURE : INM

International Northair Mines Ltd.

January 12, 2011 08:00 ET

Northair Updates Drilling at La Cigarra Silver Project, Mexico

Announces Results from Soil Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2011) - International Northair Mines Ltd. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to announce that the Phase II La Cigarra diamond drill program (see Press Release #10-16), which originally commenced on December 6, 2010, has resumed after a Christmas holiday break. Results for this initial diamond drill program will be released once the assays from first portion of the program are received and interpreted. The La Cigarra silver project ("La Cigarra" or "the Property") is located in north central Mexico and covers three attractive silver zones along a three kilometre favourable geological trend.

Soil Survey Results

Results have been received from the extensive geochemical soil survey ("the Survey") that was completed at the Property prior to the commencement of the Phase II diamond drill program. The Survey consisted of four hundred samples and was taken at 50 metre intervals along lines spaced 50 to 100 metres apart over the San Gregorio and Las Carolinas zones, and also covered the 1,400 metres of favourable geology located between the two zones.

A soil anomaly has been indentified at the San Gregorio Zone, extending 400 metres to the northwest of reverse circulation drill hole CRC-10-09, and 200 metres to the southeast of reverse circulation drill holes CRC-10-05 and CRC-10-06 along the favourable geological trend in areas that have not been previously drilled. As well anomalous silver soil values associated with altered rhylolite dykes were obtained to the west of the San Gregorio Zone and a subtle gold anomaly to the immediate east of the zone has been identified. The gold anomaly is characterized by gold and elevated arsenic and antimony values. Arsenic and antimony are positive pathfinder elements for locating gold occurrences. Elevated gold values from selected samples from the 2010 reverse circulation drill program were associated with granodiorite, and these rocks also occur on surface in the area of the gold anomaly.

At the Las Carolinas Zone, sampling has outlined a weak to moderate soil anomaly along trend for 350 metres to the northwest of the reverse circulation drill hole CRC-10-01, also in an undrilled area and along trend towards the San Gregorio Zone. 

The Company is pleased with these results and further soil sampling will be carried out in select areas to confirm the soil anomalies in more detail and locate possible additional drill sites.

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 by airfreight to ALS Chemex in Vancouver BC 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.

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
    or
    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