Jan 27 2015
Northair Silver Corp. (the "Company" or "Northair") is pleased to announce that a third phase of metallurgical test work is scheduled to start in February on its La Cigarra silver project, located in Chihuahua State Mexico.
This latest round of metallurgical test work follows the Company's successful 2014 drill program, and updated mineral resource estimate, which resulted in an increase of 17% in total ounces of silver and a 14% increase in grade from the 2013 Resource Estimate (see Northair Press Release #15-01, dated January 14th, 2015). The Company will collect samples for the test work from drill core in the San Gregorio and Las Carolinas zones, which currently comprise the mineral resource. The test work will focus on sulphide and oxide ore types and is a follow-up of a flotation-leach process developed in 2011 and 2012 for the San Gregorio Zone. Upcoming tests will also include the evaluation of zinc recovery options. In addition, the work will incorporate some variability testing and preliminary environmental characterization and will be sufficient to support a PEA level study.
The metallurgical program will be conducted by Base Metallurgical Laboratories Ltd. of Kamloops, BC. Terra Mineralogical Services of Peterborough, ON was selected to conduct further mineralogical assessment of the La Cigarra ores. The metallurgical and mineralogical work will be conducted under the supervision of Mr. Hoe Teh, P.Eng, a Qualified Person as defined by NI 43-101. Mr. Teh has reviewed this news release and agreed to its contents.
Northair also announces that it has granted 1,100,000 stock options exercisable at a price of CDN $0.08 per common share to certain officers and employees in recognition of recent milestones achieved through the completion of the 2014 resource drilling program and subsequent updated mineral resource estimate. All options are exercisable for a period of five years from the date of grant.
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 32,000 hectare property boasts nearby power, good road access, gentle topography, established infrastructure. Exploration on the property has defined a robust NI 43-101 compliant Mineral Resource that contains appreciable amounts of silver, lead, zinc and gold.
ON BEHALF OF THE BOARD,
NORTHAIR SILVER CORP.
Andrea Zaradic, P. Eng., President & CEO