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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (755)	11/19/2003 4:18:58 AM
From: menanna	Respond to of 29622

Andrew, thanks for your charting work, I appreciate it. <I dont know anything about its fundamentals maybe you could fill me in Anna.> Sure, here it comes: northair.com INM.v is a Claude Cormier’s pick that has not moved even if the results of the last two press releases in the last couple of weeks seem quite good to me. Claude has a Buy/Hold rating on INM. It is highly speculative and illiquid but I like the properties they own in Mexico where they are exploring for Au, Ag and base metals. In this market I like stocks with this kind of combo. I think I’ll hold this stock until more results are out or until the market discovers it. Please, let me know what you think about it. Thanks Anna Corporate Info: SHARES ISSUED: 12,498,974 - FULLY DILUTED: 16,001,018ESCROW: Nil OPTIONS OUTSTANDING: 1,215,000 @ $0.15 - $0.69; 2005-2008 WARRANTS OUTSTANDING: 2,287,045 @ $0.60 - $0.80 to Sept. 30/2004 WORKING CAPITAL: $ 2,276,000 FULLY DILUTED WORKING CAPITAL: $ 4,586,000 From their November 4 press release: International Northair Mines Ltd. (TSXV:INM) is pleased to announce that the Company has acquired an additional property located in the state of Durango, Mexico. Las Moras lies in a geologic setting similar to the Company’s El Tesoro property, and has the potential to contain high grade gold as well as bulk tonnage base metal deposits. Las Moras was identified by Company geologists during Northair’s ongoing generative exploration program. High grade, low sulfidation gold veins have been discovered in limited outcrops. First phase sampling from these gold veins by the Company has reported very encouraging results, with four grab samples averaging 18.39 g/t gold and 7.88 g/t silver. Due to the limited outcrop, true widths and strike lengths of these zones have yet to be determined and a hand trenching program will be initiated shortly. Although there are no known historic mines on the property, numerous small gambusino workings and arrastras have been observed in the area of the high grade veins. A separate zone of copper-lead-zinc mineralization was discovered by Company geologists during their property examination. The width of the mineralized zone where observed, averages about 30 meters and has been traced on the ground during initial field visits for over 300 meters along strike length, and is open in both directions. Four representative grab samples from this zone averaged 0.35% copper, 0.26% lead, and 0.96% zinc. These results are considered very significant in an oxidized environment. The Las Moras property is comprised of optioned and wholly owned concessions totaling 450 hectares. Northair has signed an option agreement, subject to due diligence, to acquire 100% of a privately held concession with staged payments totaling US $86,000 over a four year period. There are no royalties. The Company has also staked concessions covering highly prospective ground adjacent to the privately held concession. Detailed exploration of the property will commence in early November with a program of geological mapping, sampling and hand trenching to be followed by mechanical trenching. Project access is good with numerous unimproved old logging roads located in the area. At the Company’s El Tesoro Project, an exploration program is well underway. Road building, mechanical trenching, sampling and geological mapping are progressing in preparation for a drilling program. As well as the exploration program underway on our El Tesoro Project, and the planned program at Los Moras, the Company is continuing with its aggressive generative exploration program. Currently a number of projects are under review for possible acquisition. The Company is very excited about its opportunities in Mexico and looks forward to providing shareholders with additional information as it becomes available From their Nov. 12 last press release: International Northair Mines Ltd. (TSXV:INM) has regained a 100% interest in the Sierra Rosario property. Sierra Rosario is known to contain six separate zones of gold and silver mineralization and was staked by Northair in 2002 as a result of its generative mineral exploration program. Exploration on the property concentrated on the San Rafael Zone where geological mapping and sampling has defined mineralization over an area of approximately 200 by 70 metres within an intensely altered rhyolite porphyry. Twenty-three samples from this zone averaged 181 g/tonne silver and 0.321 g/tonne gold over average widths of approximately 15 metres. This sampling indicates the potential for a bulk tonnage silver/gold deposit and additional work is warranted to further test this potential. Further exploration is also justified on Sierra Rosario's remaining five zones, where initial sampling has returned gold values up to 5.48 g/tonne from grab samples. Northair now has four prospective properties with multiple precious metal targets located in the Mexican Sierra Madres. A mechanical trenching program continues at the El Tesoro Project to further define targets for an upcoming drill program. Planning is also underway for an initial program at the recently acquired Las Moras Project. From their Nov. 12 last press release: International Northair Mines Ltd. (TSXV:INM) has regained a 100% interest in the Sierra Rosario property. Sierra Rosario is known to contain six separate zones of gold and silver mineralization and was staked by Northair in 2002 as a result of its generative mineral exploration program. Exploration on the property concentrated on the San Rafael Zone where geological mapping and sampling has defined mineralization over an area of approximately 200 by 70 metres within an intensely altered rhyolite porphyry. Twenty-three samples from this zone averaged 181 g/tonne silver and 0.321 g/tonne gold over average widths of approximately 15 metres. This sampling indicates the potential for a bulk tonnage silver/gold deposit and additional work is warranted to further test this potential. Further exploration is also justified on Sierra Rosario's remaining five zones, where initial sampling has returned gold values up to 5.48 g/tonne from grab samples. Northair now has four prospective properties with multiple precious metal targets located in the Mexican Sierra Madres. A mechanical trenching program continues at the El Tesoro Project to further define targets for an upcoming drill program. Planning is also underway for an initial program at the recently acquired Las Moras Project