Northair Provides Update on its La Cigarra Silver Project, Mexico
2013 Strategic Plan Outlined
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/13/13 -- International Northair Mines Ltd. (TSX VENTURE: INM) (the "Company" or "Northair") is pleased to provide a review summarizing the project and corporate highlights completed by the Company on its La Cigarra silver project ("the Property"), located in north central Mexico. Also included is a timeline outlining key objectives of the Company's Strategic Plan for the current 2013 calendar year.
Project and Corporate Highlights:
Key Objectives of the Company's 2013 Strategic Plan
During 2013, Northair expects to begin and/or complete the following objectives on the La Cigarra silver project:
The Company's immediate goal at La Cigarra is to deliver an initial NI 43-101 resource estimate.
La Cigarra Project
The La Cigarra silver project is located in Chihuahua State 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 southeast. The 32,064 hectare property position hosts permissive geology, numerous historical mine workings and represents an emerging mineral district. Of immediate significance is the San Gregorio/Las Carolinas area which is the focus of the Company's ongoing NI 43-101 resource study. Exploration is now focused on providing additional data to expand the project resources and define and prioritize new targets for future drilling.
Project Background
Northair acquired the La Cigarra silver project in April of 2009, and shortly after commenced a surface geological program. The initial discovery of surface mineralization occurred in July, 2010 with initial drilling reporting a 32 metre intercept grading 132.4 g/t silver in drill hole CRC-10-006 (see INM press release dated July 13, 2010). The economic potential of the occurrence was supported in February, 2011 with the intersection of 80.45 metres of 123.5 g/t silver in hole CC-11-002 (see IMN press release dated February 24, 2011).
La Cigarra Geology
The La Cigarra mineralized system is hosted within sedimentary rocks and can be traced in outcrop for upwards of 6 kilometres on strike. The mineral system strikes northwest and dips moderately northeast and mirrors the strike and dip of the host sediments. Mineralization is spatially associated with narrow rhyolite sills. Silver and base metals occur in sulfides hosted within quartz-vein stockwork zones and silicified breccias containing disseminated sulphides. The recognition of disseminated mineralization strongly enhances the economic potential of the Project.
About International Northair Mines Ltd.
Northair is a mineral exploration company engaged in the acquisition and development of gold and silver properties in Mexico. The Company has successfully staked and acquired a number of early stage projects that offer opportunities for significant discoveries.
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)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.02.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 228994
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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