|By Marketwired .||
|July 14, 2014 08:13 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/14/14 -- International Northair Mines Ltd. (TSX VENTURE: INM) (the "Company" or "Northair") is pleased to announce that it has now acquired a 100% interest in the six (6) original mineral concessions at the La Cigarra silver project, located in north central Mexico.
The Company's wholly-owned subsidiary, Grupo Northair de Mexico, S.A. de C.V. has exercised the option by making payments totalling US$200,000 to the concession owners.
"These original concessions encompass the entire known mineral resource and their final acquisition is a critical step in the development of the Property", said Fred Hewett, President and CEO of Northair. "Our current drill program is designed to expand this resource as well as explore multiple defined targets on the immediately surrounding concessions."
Click the following link to view a map showing the location of six the original concessions and the La Cigarra mineral resource: http://www.internationalnorthair.com/i/maps/2014-07-14_La_Cigarra_Original_Concessions_Drilling_PR.jpg
The scientific and technical information in this news release has been approved by Fred Hewett, the Company's President and CEO, and a Qualified Person under National Instrument 43-101.
About International Northair Mines Ltd.
International Northair Mines Ltd is a mineral exploration company engaged in the acquisition and development of gold and silver properties in Mexico. Northair is focused on advancing its La Cigarra silver project located in the state of Chihuahua, which currently hosts a NI 43-101 Resource estimate of 50.4 million ounces of silver in the Measured & Indicated categories grading 76 g/t silver and 3.5 million ounces of silver in the Inferred category grading 61 g/t silver constrained by a Whittle pit shell at an economic cutoff grade of 30 g/t silver (assuming metallurgical recoveries of 84% silver). The La Cigarra silver deposit also contains appreciable amounts of lead, zinc and gold as referenced in the San Gregorio/Las Carolinas Resources Technical Report La Cigarra Project, Chihuahua Mexico dated effective February 26, 2013.
ON BEHALF OF THE BOARD, INTERNATIONAL NORTHAIR MINES LTD. "Fred G. Hewett" -------------------------------------------------- Fred G. Hewett, P.Eng. President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release may contain forward looking statements which are not historical facts, such as resource estimates, anticipated results and costs, and discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, resources estimates, future anticipated resources and cost engineering estimate risks, geological factors and exploration results. See Northair's filings for a more detailed discussion of factors that may impact expected results.