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2012 Drilling Notes
Data collected from 2012 and all previous drilling within the Las Carolinas and San Gregorio area has defined a mineralized vein system, measuring 2.4 kilometres in length. This data will be used to calculate the Property's initial NI 43-101 compliant resource estimate due in Q1 2013.
To date, Northair has released the results of 128 of the 139 core holes completed on the Property. Assays for the remaining 11 core holes will be released once results are received and interpreted. Since the first drill program was initiated on the property in 2010, the Company has completed 23,876 meters of drilling in 15 reverse circulation holes and 139 HQ sized core holes.
Additional drilling is anticipated to commence in Q2 2013 to expand the initial Resource area, which remains completely open; and to test recently identified district targets generated from its ongoing field programs.
Drill Results---------------------------------------------------------------------------- Drill From To Intercept Silver GoldHole Dip (metres) (metres) (metres) g/t g/t----------------------------------------------------------------------------CC-12-119 -50 degrees 0.00 7.00 7.00(i) 52.2 0.014---------------------------------------------------------------------------- 7.00 11.00 4.00 90.8 0.014---------------------------------------------------------------------------- 42.80 47.20 4.40 45.6 0.012---------------------------------------------------------------------------- 54.50 63.00 9.00 39.7 0.054---------------------------------------------------------------------------- 73.00 75.00 2.00 41.6 0.042--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-120 -51 degrees 68.00 78.00 10.00 32.0 0.013---------------------------------------------------------------------------- 127.50 130.20 2.70 15.2 0.022---------------------------------------------------------------------------- 140.60 161.00 20.40 37.5 0.037--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-121 -51 degrees 47.80 60.00 12.20 20.0 0.044---------------------------------------------------------------------------- 100.20 118.80 18.60 45.5 0.053--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-122 -51 degrees 130.20 156.50 26.30 46.4 0.060--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-123 -69 degrees 162.80 192.80 30.00 28.1 0.051----------------------------------------------------------------------------Includes 183.00 192.80 9.80 46.0 0.041--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-124 -52 degrees 89.00 97.70 8.70 9.3 0.160---------------------------------------------------------------------------- 97.70 112.50 14.80 147.7 0.082----------------------------------------------------------------------------Note 1 97.70 112.50 14.80 147.3 0.082---------------------------------------------------------------------------- 154.00 159.00 5.00 26.0 0.031---------------------------------------------------------------------------- 177.50 179.60 2.10 87.3 0.016--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-125 -54 degrees 99.00 158.20 59.20 54.4 0.043----------------------------------------------------------------------------Note 1 99.00 158.20 59.20 31.5 0.043----------------------------------------------------------------------------Includes 103.50 119.40 15.90 164.0 0.047----------------------------------------------------------------------------Note 1 103.50 119.40 15.90 79.0 0.047---------------------------------------------------------------------------- 175.50 190.85 15.35 29.4 0.027---------------------------------------------------------------------------- 200.80 203.00 2.20 23.3 0.061---------------------------------------------------------------------------- 221.00 224.40 3.40 30.2 0.021--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-126 -46 degrees 1.50 7.30 5.80 3.3 0.257---------------------------------------------------------------------------- 7.30 14.20 6.90 25.5 0.048---------------------------------------------------------------------------- 22.00 24.00 2.00 39.7 0.023--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-127 -50 degrees 35.00 48.10 13.10 162.5 0.059---------------------------------------------------------------------------- 59.00 75.00 16.00 25.7 0.037--------------------------------------------------------------------------------------------------------------------------------------------------------CC-12-128 -50 degrees 13.00 24.00 11.00 15.8 0.028---------------------------------------------------------------------------- 37.60 43.30 5.70 70.1 0.058----------------------------------------------------------------------------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 also contain lead and zinc values.(i) Collared in overburden and semi-competent rock from surface.
