and here...Symbol INM
Shares Issued 19,690,272
Close 2007-03-15 C$ 0.30
Int'l Northair stakes more of El Reventon
2007-03-15 06:38 PT - News Release
Mr. Fred Hewett reports
NORTHAIR INCREASES LAND POSITION AT EL REVENTON-SAMPLE VALUES TO 829 G/T SILVER
International Northair Mines Ltd. has staked an additional concession at the El Reventon project, located in the state of Durango, Mexico. The concession was acquired to cover recently discovered additional zones of mineralization and abundant large historic mine workings, immediately west of the original concessions. Five reconnaissance grab/chip samples taken from altered diorite intrusives within the new concession reported 321 grams per tonne silver, 829 grams per tonne silver, 20.4 grams per tonne silver, 122 grams per tonne silver and 57.2 grams per tonne silver. In addition, a high-level epithermal low-sulphidation vein was discovered, with a grab sample reporting 6.42 grams per tonne gold over two metres.
The new concession totals 2,623 hectares, resulting in a contiguous total project area of approximately 6,000 hectares. Recent reconnaissance mapping and sampling programs, carried out in conjunction with exploration of the original concessions, resulted in the discovery of a number of zones of potentially high-grade silver mineralization on adjacent open ground. This area, as with the entire El Reventon project area, appears to have never been evaluated by modern exploration and mining companies. The company has commenced a detailed first phase mapping and sampling program on portions of the new concession.
The El Reventon project lies within the Sierra Madre Occidental geological province and a highly prospective mineral belt that includes the mines and districts of Bacis, Montoros, Metates, La Cienega and Topia. The property position controls a series of occurrences aligned along a northeast-trending belt consisting of Upper Jurassic low-grade metasedimentary rocks overlain by andesite and rhyolite volcanics belonging to the Inferior and Superior Super groups intruded by numerous dikes and stocks. Initial reconnaissance chip sampling from the Reventon Breccia zone averaged 52 metres of 166.5 grams per tonne silver 0.73 per cent lead and 0.85 per cent zinc. Recently, chip samples from the La Estrella zone located two kilometres to the southwest of the Reventon Breccia zone, returned average values of 0.78 gram per tonne gold, 372 grams per tonne silver and 2.1 per cent zinc. Numerous other zones are currently being evaluated. Exploration on the project continues and assay results will be released as received and interpreted by geological staff.
Exploration programs in Mexico are supervised by 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 National Instrument 43-101.
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