News
October 05, 2006
La India Sampling Returns 2.31 G/T Gold Over 32 Metres
International Northair Mines Ltd. (TSXV:INM) announces further encouraging results from the La India Project located in the State of Durango, Mexico. The project was acquired for its potential to contain bulk mineable gold deposits, and recent sampling has returned values of 2.31 g/t gold over 32 metres and 1.08 g/t gold over 48 metres.
Geological mapping of the main zone has indicated an irregular surface area of mineralization, with exposed widths ranging from 25 to 70 metres and a strike length of at least 200 metres. A total of 16 reconnaissance samples were taken during the Company's first initial field evaluation in June. The average value of these samples was 1.49 g/t gold, with a high of 10.80 g/t and a low value of 0.020 g/t. During the months of August and September, the Company conducted regional and detailed mapping and sampling, and stream sediment sampling.
Assay results were recently received from 43 additional samples taken within the main zone. Included within the samples were two lines of continuous sampling over limited outcrop. These samples were primarily five metre continuous chips. Line one reported 32 metres @ 2.31 g/t gold and line two reported 48 metres @ 1.08 g/t gold, essentially perpendicular to each other. Both lines are open at either end and values within the lines are erratic, varying from 0.079 to 9.97 g/t gold. To date, assay results have been received on 45 samples taken within the exposed mineralized area, with an average of 1.35 g/t gold. Further geological mapping and sampling will be necessary in order to better understand the geological controls within the zone and outline possible structures that may influence higher grade portions of the mineralization. The main zone occurs along the flanks of a ~25 degree hill having extensive talus and colluvial cover. It is estimated that over 30% of the zone is covered by surficial deposits. Exploration potential for extensions of the known zone is good and the remainder of the property exhibits a robust geological environment. Results from samples collected in September are pending and will be released when interpreted.
La India contains low sulfidation gold mineralization in transitional rhyolite volcanic pyroclastics that have been intruded by numerous rhyolite stocks, dikes and sills. The project has excellent access and infrastructure. It is located in the Sierra San Francisco, approximately 30 kilometres east of the small city of Santiago Papasquiaro and approximately 40 kilometres north of the state capital city of Durango. Local access is good with an existing logging road passing within 100 metres of the main zone.
The La India Project was identified as an attractive acquisition target by exploration staff early in June of this year, as part of the Company's generative exploration program. Initial sampling reported encouraging gold mineralization within an intrusive breccia, leading to land acquisition. The Company has recently acquired concessions covering approximately 1800 hectares through staking and the option to purchase a 300 hectare privately held concession. Northair can acquire a 100% interest in the optioned concession by paying US$171,000 over a four year period.
Exploration programs in Mexico are supervised by Mr. Jim Robinson, Vice President of the Company, who is a Qualified Person as defined by National Instrument 43.101. The Company maintains a quality control program using best industry practices consistent with NI 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Per: "Fred G. Hewett"
Fred G. Hewett, P.Eng.
President & C.E.O.
FOR MORE INFORMATION CONTACT THE COMPANY AT 1-604-687-7545 or Toll Free 1-888-338-2200
Website: www.internationalnorthair.com Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. 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 the Company's Sedar filings for a more detailed discussion of factors that may impact expected results.
Geological mapping of the main zone has indicated an irregular surface area of mineralization, with exposed widths ranging from 25 to 70 metres and a strike length of at least 200 metres. A total of 16 reconnaissance samples were taken during the Company's first initial field evaluation in June. The average value of these samples was 1.49 g/t gold, with a high of 10.80 g/t and a low value of 0.020 g/t. During the months of August and September, the Company conducted regional and detailed mapping and sampling, and stream sediment sampling.
Assay results were recently received from 43 additional samples taken within the main zone. Included within the samples were two lines of continuous sampling over limited outcrop. These samples were primarily five metre continuous chips. Line one reported 32 metres @ 2.31 g/t gold and line two reported 48 metres @ 1.08 g/t gold, essentially perpendicular to each other. Both lines are open at either end and values within the lines are erratic, varying from 0.079 to 9.97 g/t gold. To date, assay results have been received on 45 samples taken within the exposed mineralized area, with an average of 1.35 g/t gold. Further geological mapping and sampling will be necessary in order to better understand the geological controls within the zone and outline possible structures that may influence higher grade portions of the mineralization. The main zone occurs along the flanks of a ~25 degree hill having extensive talus and colluvial cover. It is estimated that over 30% of the zone is covered by surficial deposits. Exploration potential for extensions of the known zone is good and the remainder of the property exhibits a robust geological environment. Results from samples collected in September are pending and will be released when interpreted.
La India contains low sulfidation gold mineralization in transitional rhyolite volcanic pyroclastics that have been intruded by numerous rhyolite stocks, dikes and sills. The project has excellent access and infrastructure. It is located in the Sierra San Francisco, approximately 30 kilometres east of the small city of Santiago Papasquiaro and approximately 40 kilometres north of the state capital city of Durango. Local access is good with an existing logging road passing within 100 metres of the main zone.
The La India Project was identified as an attractive acquisition target by exploration staff early in June of this year, as part of the Company's generative exploration program. Initial sampling reported encouraging gold mineralization within an intrusive breccia, leading to land acquisition. The Company has recently acquired concessions covering approximately 1800 hectares through staking and the option to purchase a 300 hectare privately held concession. Northair can acquire a 100% interest in the optioned concession by paying US$171,000 over a four year period.
Exploration programs in Mexico are supervised by Mr. Jim Robinson, Vice President of the Company, who is a Qualified Person as defined by National Instrument 43.101. The Company maintains a quality control program using best industry practices consistent with NI 43-101.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Per: "Fred G. Hewett"
Fred G. Hewett, P.Eng.
President & C.E.O.
Website: www.internationalnorthair.com Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. 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 the Company's Sedar filings for a more detailed discussion of factors that may impact expected results.