Source
Marketwire
Date 09/28/2015
Time 08:40:41 AM
Company
NORTHAIR SILVER CORP.
Title Northair Reports Positive Mapping and Sampling Results at RAM Zone,
La
Cigarra Silver Project, Mexico
CDNX Symbol: INM
Press Release
NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: Northair Silver Corp.
TSX VENTURE SYMBOL: INM
September 28, 2015
Northair Reports Positive Mapping and Sampling Results at RAM Zone, La
Cigarra
Silver Project, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 28, 2015) - Northair
Silver
Corp. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to
provide an
exploration update on its La Cigarra silver project (the "Property"),
located
in Chihuahua State, Mexico. The Company has conducted further mapping and
sampling on its RAM Zone target and have received positive results that
support
the expansion potential of this new discovery area.
The RAM Zone is situated on the crest of what is referred to as the La
Cigarra
Anticline that is located approximately 750 metres west of the main La
Cigarra
silver deposit. As previously reported (see INM PR#14-04 dated April 28,
2014
and INM PR#14-09 dated June 17, 2014), surface trenching at RAM returned
35.45
metres of 67.3 g/t silver (including 16.20 metres of 99.6 g/t silver and
4.85
metres of 141.4 g/t silver. This sampling was designed to test the
surface
projection of high-grade silver mineralization exposed within an
underlying
historic adit. As a further test of this 35 metre long mine working an
additional seven (7) channel samples were obtained to better test the
extent of
exposed high grade silver mineralization. This brings the total adit
samples
taken across the fault to fourteen (14) with an average grade of 258 g/t
silver
having an average sample width of 1.45 metres. Mineralization here is
hosted in
a fault termed the RAM Fault and in its hanging wall. Drilling will be
required
to define the overall thickness and extent of mineralization associated
with
the fault, however at this time the mineralization is open in all
directions.
Results of 14 Samples Taken Across the Back of the 35 Metre Long RAM
Adit:
/T/
--------------------------------------------------------------------------Ag
Au
Pb
Zn
Sample
East
North Elevation
Type Width
ppm
ppm
ppm
ppm
--------------------------------------------------------------------------230156
409565 2991631
1844 Channel
1.5 363.0 0.123 17900
167
--------------------------------------------------------------------------230158
409564 2991629
1844 Channel
1.5 592.0 0.164 18650
178
--------------------------------------------------------------------------230159
409564 2991628
1844 Channel
1.5 894.0 0.160 12550
245
--------------------------------------------------------------------------230168
409565 2991616
1844 Channel
1.8
87.8 0.041
2550
76
--------------------------------------------------------------------------230172
409565 2991611
1844 Channel
1.4 297.0 0.079
4970
112
--------------------------------------------------------------------------230176
409566 2991606
1844 Channel
1.5 200.0 0.087
5650
118
--------------------------------------------------------------------------230179
409566 2991602
1844 Channel
1.2
98.2 0.060
1660
290
--------------------------------------------------------------------------231038
409566 2991637
1844 Channel
0.8
87.7 0.054 11900
61
--------------------------------------------------------------------------231039
409566 2991635
1844 Channel
1.6
51.8 0.040
1855
28
--------------------------------------------------------------------------231040
409565 2991633
1844 Channel
1.4 214.0 0.070
6910
84
--------------------------------------------------------------------------231041
409564 2991623
1844 Channel
1.3 118.0 0.082
3610
31
--------------------------------------------------------------------------231042
409564 2991620
1844 Channel
1.6 315.0 0.108 23500
174
--------------------------------------------------------------------------231043
409565 2991613
1844 Channel
1.4 154.0 0.067
5320
200
--------------------------------------------------------------------------231044
409566 2991608
1844 Channel
1.5 140.0 0.028
5870
143
--------------------------------------------------------------------------/T/
The RAM Zone is part of the 3.8 kilometre long, NNW-trending linear
magnetic
low first identified in the Company's airborne magnetic survey (See INM
PR#15-07 dated June 10, 2015). The interpretation is that this magnetic
low
corresponds with the hinge line of the La Cigarra Anticline where a
structural
trap may have concentrated silver mineralization below an impermeable
quartzite
unit. Erosion here has opened a window through the quartzite and exposed
high
grade mineralization. The Company's aim is to explore for additional
mineralization within this large permissive environment that potentially
extends along the length of the magnetic low.
Please click on the following link to view a map showing the silver in
rock
samples and the results of the airborne magnetic survey within the La
Cigarra
silver project:
http://file.marketwire.com/release/LaCigarraGeochemRockAll.jpg
"The Company considers these recent results very encouraging as we
continue to
develop the potential of the RAM Zone and lends strong confirmation of
previous
sample results," said Andrea Zaradic, President& CEO of Northair. "We
suspect
that the mineralization at the RAM workings continues below the quartzite
in
both directions along the core of the anticline. The realization that the
quartzite capping the mineralized zone may only be 60 metres thick opens
up
excellent targets along north-south and northwest trending structures in
other
parts of the district. Northair continues to map, sample, and survey
access
into this area in anticipation of expanded exploration efforts."
Sampling and QA/QC
All technical information for the La Cigarra exploration program is
obtained
and reported under a formal quality assurance and quality control
("QA/QC")
program. Samples are taken under the direction of qualified geologists
and
stored in sealed bags. Samples are delivered by the Company via courier
to ALS
Minerals ("ALS") in Chihuahua. The samples are dried, crushed and
pulverized
with the pulps being sent airfreight for analysis by ALS in Vancouver
B.C.
Systematic assaying of standards is performed for precision and accuracy.
Analysis for silver, zinc, lead and copper and related trace elements was
done
by ICP four acid digestion, with gold analysis by 30 gram fire assay with
an AA
finish.
Qualified Persons
Mr. David Ernst, a professional geologist and VP Exploration of Northair
is a
Qualified Person as defined by NI 43-101. Mr. Ernst has reviewed the
technical
information in this news release and approves the disclosure herein.
About Northair Silver Corp.
Northair is focused on advancing its flagship La Cigarra silver project
located
in the state of Chihuahua, Mexico, 26 kilometres from the historic silver
mining city of Parral. The property boasts nearby power, good road
access,
gentle topography, established infrastructure and currently hosts a NI
43-101
Resource estimate of 51.47 million ounces of silver in the Measured &
Indicated
categories grading 86.3 g/t silver and 11.46 million ounces of silver in
the
Inferred category grading 80 g/t silver. The mineralized system at La
Cigarra
has been traced over 6.5 kilometres and is defined at surface as a silver
soil
anomaly and by numerous historic mine workings. The La Cigarra silver
deposit
is open along strike and at depth and is approximately 25km north, and
along
strike of Grupo Mexico's Santa Barbara mine and Minera Frisco's San
Francisco
del Oro mine.
ON BEHALF OF THE BOARD,
NORTHAIR SILVER CORP.
Andrea Zaradic, 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.
Caution Concerning Forward-Looking Statements
This news release may contain forward looking statements which are
statements
that are not statements of historical fact, such as statements regarding
the
mineral resource estimates, results of the sensitivity analysis,
anticipated
production or results, sales, revenues, costs, or discussions of goals
and
exploration results, and involve 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, mineral reserve
estimates, future anticipated reserves 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.
Cautionary Note Concerning Estimates of Measured, Indicated and Inferred
Mineral Resources
This news release uses the terms "Measured and Indicated Resources" and
"Inferred Resources", which have a great amount of uncertainty as to
their
existence, and great uncertainty as to their economic feasibility. It
cannot be
assumed that all or any part of a Measured and Indicated and/or Inferred
Mineral Resource will ever be upgraded to a higher category. Under
Canadian
rules, estimates of Inferred Resources may not form the basis of
feasibility or
other economic studies. Northair advises U.S. investors that while this
term is
recognized and required by Canadian regulations, the U.S. Securities and
Exchange Commission does not recognize it. U.S. investors are cautioned
not to
assume that part or all of a Measured, Indicated and Inferred resource
exists,
or is economically or legally minable.
- 30 CONTACT INFO:
Northair Silver Corp.
Andrea Zaradic, President & CEO or
Chris Curran, Manager of Corporate Communications
604-687-7545 or 1-888-338-2200
info@northair.com
www.northairsilver.com
INDUSTRY: Manufacturing and Production - Mining and Metals
SUBJECT: MEX - MINING EXPLORATION UPDATE
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