International Northair Mines (INM-V) continues to pull stellar core out of its La Cigarra silver project in Mexico.
The latest round of results come out of six core holes put into the San Gregorio zone, with the five best returning highlight assays of: 52.25 metres grading 167 grams silver, 56 metres grading 105.7 grams silver, 39.9 metres grading 52.1 grams silver, 12.3 metres grading 55.4 grams silver and 10.6 metres grading 30.3 grams silver per tonne.
Three of the six holes represented the deepest drilled to date at the property and confirmed that mineralization continues down to at least 300 metres below surface.
The San Gregorio zone is still open along strike and down-dip to the northeast where it extends beneath a large alteration zone mapped on surface.
The results back-up Northair’s decision to push on with a drill program that was set to wrap up at the end of June.
It originally planned to shut down the program to focus on its maiden resource calculation at La Cigarra. But when strong drilling results started coming in it decided to tack on another 14 holes and extend the drill program into July.
While that additional drilling bodes well for a stronger understanding of the mineralized zone, it does mean investors will have to wait for a resource calculation until the fourth quarter of this year.
Along with San Gregorio, the Las Carolinas zone has seen its fair share of the drill. Together the two zones make up a strike length of 2,300 metres that remains open along strike and down dip.
La Cigarra is in Mexico’s Chihuahua state along the eastern fringes of the Sierra Madre mountain range. The project hosts a silver-rich, epithermal vein system with three identified zones that stretch out over a 3-km trend.
The topography at the site, however, is not as severe as in the mountains and has good road access to the city of Parral, which is 26 km south east of the site.
In Toronto on July 23 the company’s shares were off a penny to 24¢ on 210,000 shares traded.
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