VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/22/12 — International Northair Mines Ltd. (TSX VENTURE: INM) (the „Company“ or „Northair“) is pleased to announce assay results from seven core holes recently completed in the Las Carolinas Zone of its La Cigarra silver project, located in north central Mexico.
Highlights of the Continuing Drill Program
„The potentially surface minable mineralized system encompassing the San Gregorio and Las Carolinas zones continues to expand,“ said Fred Hewett, President & CEO of Northair. „Drilling has now delineated a robust mineral trend over a continuous strike length measuring 2.3 kilometres. Exploration upside of this mineralized system is excellent as both zones remain open along strike and down dip. In addition, the La Borracha Zone, located on strike 400 metres to the northwest of San Gregorio, provides the Company with opportunities for future expansion.“
Northair is currently operating two core rigs at La Cigarra and will focus on step out and infill drilling along the mineralized trend 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 the results from 66 of 82 core drill holes completed to date. Results from all completed holes will be reported once assays have been received and interpreted.
Drill Results
Click the link below to view a plan of the Las Carolinas Zone:
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 604-689-5041 (FAX)
International Northair Mines Ltd. Chris Curran Manager of Corporate Communications 604-687-7545 or 1-888-338-2200 604-689-5041 (FAX)
International Northair Mines Ltd. Brent Levenstadt Investor Relations Associate 604-687-7545 or 1-888-338-2200 604-689-5041 (FAX)
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