VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/19/12 -- International Northair Mines Ltd. (TSX VENTURE: INM) (the "Company" or "Northair") is pleased to announce assay results from three infill core drill holes completed in the Las Carolinas Zone and four infill core holes completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.
"To date, we have obtained positive drill results from the San Gregorio and La Carolinas zones, which comprise over 2 kilometers of the 3 kilometre known mineralized trend," said Fred Hewett, President and CEO of Northair. "These drill results continue to provide important data for the Company to complete its upcoming initial resource calculation."
Highlights of the Continuing Infill Drill Program:
Las Carolinas Zone:
-- Hole CC-12-068 intercepted 5.50 metres of 67.9 g/t silver;
-- Hole CC-12-073 intercepted 51.00 metres of 27.5 g/t silver including
16.65 metres of 40.7 g/t silver. This hole bottomed in 74.7 g/t silver;
-- Hole CC-12-074 returned 63.70 metres of 76.2 g/t silver, which included
three distinct intercepts of 18.75 metres of 78.2g/t silver, 13.40
meters of 174.3 g/t silver and 7.60 metres of 110.9 g/t silver,
respectively.
San Gregorio Zone:
-- Hole CC-12-75 intercepted of 8.10 metres of 63.5 g/t silver;
-- Hole CC-12-076 returned intercepts of 11.30 metres of 87.7 g/t silver
and 1.90 metres of 60.1 g/t silver;
-- Hole CC-12-077 returned intercepts of 16.00 metres of 26.0 g/t silver
and 2.90metres of 22.2 g/t silver;
-- Hole CC-12-078 returned intercepts of 43.50 metres of 37.2 g/t silver,
including 6.75metres of 147.9 g/t silver and 3.00 metres of 91.0 g/t
silver.
To view the comprehensive results of all the drill holes completed to date on the La Cigarra Project please click the link: http://www.internationalnorthair.com/i/pdf/2012-06-19-Drill_Hole_Interval_Comprehensive.pdf
Drilling continues at La Cigarra with a focus on the San Gregorio and Las Carolinas zones with the intent of completing a NI 43-101 compliant mineral resource by the end of the third quarter. At this time, Northair has reported results from 78 of 98 core drill holes completed to date. Results from all completed holes will be reported once assays have been received and interpreted.
Drill Results
Las Carolinas Zone
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Drill
Hole Dip From To Intercept Silver Gold
(metres) (metres) (metres) g/t g/t
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CC-12-068 -53 68.00 73.50 5.50 67.9 0.081
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(i)CC-12-073 -51 39.00 90.00 51.00 27.5 0.045
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Includes 55.35 72.00 16.65 40.7 0.049
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(i)Hole CC-12-073 bottomed in 74.7 g/t silver
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CC-12-074 -51 39.00 102.70 63.70 76.2 0.051
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Note 1 39.00 102.70 63.70 71.0
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Includes 39.00 57.75 18.75 78.2 0.050
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Includes 66.10 79.50 13.40 174.3 0.050
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Includes 95.10 102.70 7.60 110.9 0.073
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Note 1 95.10 102.70 7.60 67.6
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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: Intervals may also contain lead and zinc values.
San Gregorio Zone
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Drill
Hole Dip From To Intercept Silver Gold
(metres) (metres) (metres) g/t g/t
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CC-12-075 -50 177.00 185.10 8.10 63.5 0.035
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CC-12-076 -51 105.50 116.80 11.30 87.7 0.048
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164.65 166.55 1.90 60.1 0.071
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CC-12-077 -51 171.60 187.60 16.00 26.0 0.042
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247.40 250.30 2.90 22.2 0.035
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CC-12-078 -49 113.50 157.00 43.50 37.2 0.067
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Note 1 113.50 157.00 36.1
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Includes 150.25 157.00 6.75 147.9 0.041
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Note 1 150.25 157.00 141.2
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219.15 222.15 3.00 91.0 0.049
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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: Intervals may also contain lead and zinc values.
Click the link below to view a plan of the San Gregorio and Las Carolinas zones:
http://www.internationalnorthair.com/i/imagegallery/lacigarra/2012-06-19-Drill_Plan_PR.pdf
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 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 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.
Contacts:
International Northair Mines Ltd.
Fred Hewett
President
604-687-7545 or 1-888-338-2200
International Northair Mines Ltd.
Chris Curran
Manager of Corporate Communications
604-687-7545 or 1-888-338-2200
International Northair Mines Ltd.
Brent Levenstadt
Investor Relations Associate
604-687-7545 or 1-888-338-2200
604-689-5041 (FAX)
info@northair.com
www.northair.com/international/
