Fyi - mines in production, same fault line as La Cigarra
San Francisco del Oro and Santa Barbara, located about 20 km south of our current La Cigarra 43-101 compliant resource (54 million ounces of silver, plus some gold, zinc and lead). San Francisco has 531 million ounces of past production and current resource of silver, with initial exploration and production dating back 500 years. It is still currently in production. It produces silver, gold, copper, zinc and lead. It is currently mainly an underground mine. Maybe the u/g aspect hints that La Cigarra could have u/g potential also, given the same fault line. It is mainly owned by Carlos Slim (via Minera Frisco), the wealthiest person in the world (wealthier than even Bill Gates and Warren Buffet). Q3 2014 (1 quarter only) production results are as follows: 1,365 oz Au (.28 g/t grade), 428,615 oz Ag (46.09 g/t grade), 711 tonnes Copper (.29% grade), 2,337 tonnes Lead (.99% grade) and 4,243 tonnes Zinc (1.86% grade). San Francisco del Oro has a 4,000 tonne per day operating limit. I think this mine has more of a multi-metal aspect than La Cigarra. The current M&I grade at La Cigarra is 76 g/t Ag, .06 g/t Au, .10% Lead and .15% Zinc. Ram Zone will likely boost the silver grade further and La Colorada Zone will likely boost the gold grade further. La Cigarra is a wide width surface (open pittable) bulk-tonnage deposit, thus different economical requirements versus an underground mine. It`s worth noting the high San Francisco base metal grades at depth. We`ll have to wait and see if that gets repeated at depth at La Cigarra also. With regards to Santa Barbara, it has 281 million ounces of historical production and current resource, and has been a production for hundreds of years also. I believe it is still in production also, but I have no info on this mine. It is also owned by a giant Mexican mining company - Grupo Mexico. In addition to Coeur Mining, I believe that both Minera Frisco (Carlos Slim) and Grupo Mexico will be watching closely how Northair progresses with La Cigarra. If all continues to progress well, I can`t see them not wanting to get involved with La Cigarra, one way or another, either wanting it 100% for themselves (through a takeover) or want to come in as a joint venture partner. Hopefully management and large shareholders will refuse to give it up until our share price reaches many, many, many multiplies of what it is today. Here is the detailed Q3 2014 financial news release from Minera Frisco (which includes productivity from San Francisco del Oro): https://www.minerafrisco.com.mx/EN/Investor_relations_frisco/investor_news_frisco/Press%20releases/2014%20Quarter%203.pdf