VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/30/13 -- International Northair Mines Ltd. (TSX VENTURE: INM) (the "Company" or "Northair") is pleased to announce drill results from nine core holes at the San Gregorio Zone and two core holes at the Las Carolinas Zone completed on its La Cigarra silver project ("Property") located in north central Mexico.
"We continue to be extremely pleased with the drill results from the Property," said Fred Hewett, President and CEO of Northair. "The 765 g/t silver intersection from hole CC-12-135 in the San Gregorio Zone is the highest silver grade (over widths greater than 5 metres), reported to date. These results, combined with previous drilling, indicate that a high grade silver zone is being delineated in the northern half of San Gregorio. This higher grade zone currently has a strike of 300 metres and remains open with significant opportunity to expand with further drilling."
Drilling Discussion
San Gregorio Zone:
Four (4) holes, CC-12-131, 133, 135 and 138 were completed in the northern half of the San Gregorio Zone to test for a northern continuation of mineralization previously encountered in holes CC-11-026 and CC-12-083 on sections 0+00 and 0+50S, respectively.
-- On section 1+00N, hole CC-12-131 intersected 13.9 metres grading 83.7 g/t silver and extended the silver mineralization down dip from CRC-01- 010. The zone can now be traced over 320 metres below surface.-- On section 1+50N, hole CC-12-138 intersected 24.2 metres grading 150.9 g/t silver and extended the silver mineralization 90 meters down dip from CC-12-085. The zone can now be traced at least 320 metres from surface.-- On section 2+00N, hole CC-12-135 intersected 6.5 metres grading 765.0 g/t silver, 13.10 metres grading 32.2 g/t silver, 8.00 metres grading 178.0 g/t silver and extended the silver mineralization 100 metres down dip from CC-12-088. The zone on this section can now be traced at least 300 metres down dip from surface.-- On section 4+00N, hole CC-12-133 intersected 2.9 metres grading 195.9 g/t silver and 21.2 metres grading 61.5 g/t silver and extended the silver mineralization 90 metres down dip from CC-11-047. The zone can now be traced at least 180 metres from surface.
In addition, holes CC-12-136 & CC-12-137 were positioned in the central part of the San Gregorio Zone to test the down dip continuation of the zone on sections 0+00 and 0+50S where mineralization was open to depth. Both holes intersected only narrow mineralized intervals and it now appears that the down dip continuation of the wider mineralized interval is truncated by a west dipping fault.
In the southern proportion of the San Gregorio Zone two holes were drilled on section 4+50S up dip of CC-11-044 to establish the thickness of the zone towards the surface. Hole CC-12-129 showed that mineralization extends 70 metres up dip from CC-11-044. Hole CC-12-130 failed to intersect significant mineralization and is believed to have been collared in the footwall of the zone, indicating controls to mineralization here are steeper than predicted.
