Maiden Resource Calculation At La Cigarra Silver Project
VANCOUVER, BC - International Northair Mines Ltd. reported results of the maiden NI 43-101 Resource Estimate completed by Arseneau Consulting Services (ACS) in conjunction with JDS Energy and Mining Inc. (JDS) for its La Cigarra silver project located in north central Mexico.
The resource estimate was calculated based on results from 122 of 154 holes totaling 25,576 metres drilled along the open ended La Cigarra mineralized system which has a drilled strike length of at least three (3) kilometres. The 122 holes included in this initial resource estimate were positioned within a potentially surface minable mineralized area comprised of the San Gregorio and Las Carolinas mineralized zones, which combined form a total strike length of 2.1 kilometres within the known three (3) kilometres.
Northair believes that excellent potential to expand the resource exists through exploration and definition drilling along the La Cigarra mineralized system.
"We are very pleased by the results of our initial resource estimate for La Cigarra, particularly the average silver grade," said Fred Hewett, President & CEO of Northair. "Since our first 2010 drill program, the Company has advanced the La Cigarra Project from initial discovery to a +50 million silver resource at an exploration cost of approximately $0.15 per ounce silver. During 2013, Northair plans to continue the aggressive pace of its exploration program to expand the resource and explore other identified exploration targets.