GREY:INNHF - Post by User
Post by
ctoivoon Feb 26, 2013 8:34am
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Post# 21041790
Maiden Resource announced
Maiden Resource announced
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2013) - International Northair Mines Ltd. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to announce the 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. The resource estimate was constrained by a Whittle(TM) pit shell at an economic cutoff grade of 30 g/t of silver. Highlights of the mineral resource estimate are as follows:
-- Measured and Indicted mineral resources of 50,494,000 ounces of silver
within 20,755,700 tonnes at an average grade of 76 g/t silver;
-- Inferred mineral resource of 3,515,900 ounces silver within 1,780,000
tonnes at an average grade of 61 g/t silver;
-- Higher than average grade zones outcrop, which could improve the assumed
project economics in the early years;
-- Significant by-products include 40,100 ounces of gold in the measured
and indicated categories as well as appreciable lead and zinc values, as
provided in mineral resource estimate tables noted in this press | | |