Showing posts with label International Northair (TSXV: INM). Show all posts
Showing posts with label International Northair (TSXV: INM). Show all posts

Sunday, January 17, 2010

Mining Stocks News- International Northair (TSXV: INM) Prepares for Drill Program at La Cigarra Silver Project, Mexico

International Northair (TSXV: INM) Prepares for Drill Program at La Cigarra Silver Project, Mexico

International Northair Mines Ltd. (TSXV: INM) (the “Company” or “Northair”) announces thatplanning is well underway for the first drill test of the La Cigarra Project (the “Project”), locatedapproximately 26 kilometers from the city of Parral in north central Mexico.

The Company hasrequested bids from three drill contractors for a minimum 1,000 metre reverse circulation drill program tocommence in the first quarter of 2010.The La Cigarra silver project consists of six concessions and is located in State of Chihuahua along theeastern fringes of the Sierra Madre Occidental in Mexico. Reconnaissance and sampling completed byNorthair to date confirm three potentially significant zones of silver mineralization within a 3 kilometretrend. The La Cigarra silver project has good access, topography and infrastructure. Grupo Northair deMexico, S.A. de C.A., a subsidiary of Northair, can acquire a 100% ownership of the concessions bymaking payments over a 5 year period totaling US$445,000 with no royalties.The grades reported at La Cigarra appear to be similar in scale to those of the Santa Barbara-SanFrancisco del Oro sub-districts of Parral that have produced over 440 million ounces of silver.

AlthoughLa Cigarra has probably had very limited silver production, the Parral Region in total has produced overone Billion ounces of silver and over one Million ounces of gold, placing it in the top ten silver districtsin Mexico.Northair has been informed by Great Bear Uranium that it is not proceeding with its option on the ElReventon property.


The technical information in this news release has been prepared in accordance with Canadian regulatoryrequirements set out in National Instrument 43-101 and reviewed by Fred Hewett the Company’sPresident and CEO, and a Qualified Person under NI 43-101.ON BEHALF OF THE BOARD,INTERNATIONAL NORTHAIR MINES LTD.“Fred G. Hewett”


Fred G. Hewett, P.Eng.President & CEOFor further information please contact Fred Hewett, President or Chris Curran, Investor Relationsat 604-687-7545 or 1-888-338-2200Website: www.northair.com/international/ Email: info@northair.com_______________________________________________________________________________________________________________________________________________________________________Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.SUITE 860 - 625 HOWE STREET  VANCOUVER, BC  V6C 2T6 CANADA  TEL: 604-687-7545 FAX: 604-689-5041A NORTHAIR GROUP COMPANYThis news release may contain forward looking statements which are not historical facts, such as ore reserveestimates, 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 thoseprojected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metalsproduction, project development, ore reserve estimates, future anticipated reserves and cost engineering estimaterisks, geological factors and exploration results. See Northair’s filings for a more detailed discussion of factorsthat 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 UnitedStates. The securities have not been and will not be registered under the United States Securities Act of 1933, asamended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the UnitedStates or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or anexemption from such registration is available.
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