Last C$0.08 CAD
Change Today -0.005 / -6.25%
Volume 655.5K
INM On Other Exchanges
Symbol
Exchange
Venture
OTC US
Stuttgart
As of 2:42 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

intl northair mines ltd (INM) Snapshot

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02/27/14 - C$0.18
52 Week Low
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Market Cap
11.3M
Average Volume 10 Days
264.3K
EPS TTM
C$-0.02
Shares Outstanding
150.1M
EX-Date
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P/E TM
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Current Stock Chart for INTL NORTHAIR MINES LTD (INM)

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intl northair mines ltd (INM) Details

International Northair Mines Ltd., an exploration stage company, is engaged in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for gold and silver, as well as zinc, lead, and copper. The company holds interests in the La Cigarra project consisting of a package of concessions covering an area of approximately 36,000 hectares located in the state of Chihuahua; the El Reventon project comprising an area of approximately 6,000 hectares situated in the state of Durango; and the Sierra Rosario project located in the state of Sinaloa, Mexico. International Northair Mines Ltd. was founded in 1966 and is headquartered in Vancouver, Canada.

intl northair mines ltd (INM) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$96.7K
Compensation as of Fiscal Year 2013.

intl northair mines ltd (INM) Key Developments

International Northair Mines Ltd. Identifies La Colorada Silver/Gold Zone at La Cigarra Silver Project, Mexico

International Northair Mines Ltd. announced that exploration at its La Cigarra silver project, located in the Parral silver district of Chihuahua State, Mexico, has identified a potentially significant silver and gold occurrence known as La Colorada. La Colorada is in part defined by a northwest-southeast trending silver and gold soil anomaly measuring 1,400 meters long and 300 to 400 metres wide. Sampling of this area included a 50 by 50 meter soil grid and 143 rock chip samples of which 16 returned greater than 10 g/t silver. This work returned a high silver value of 231 g/t. Additionally, 38 rock samples returned greater than 0.10 g/t gold, with 4 samples reporting over 1.0 g/t gold. The rock chip sample returned 21.3 g/t gold. The anomalous silver and gold mineralization is found in quartz-calcite veined middle Jurassic sedimentary rocks and Tertiary dacite porphyry intrusives. The La Colorada Zone was discovered as part of the Company's geological mapping and sampling programs being carried out on its 32,000 hectare La Cigarra land package. This zone may represent a newly defined parallel mineral trend situated approximately 300 meters west of the Ram Zone target and 1,200 meters west of the La Cigarra deposit, which currently hosts a measured and indicated mineral resource of 50.5 million ounces of silver grading 76 g/t. Northair is currently conducting further studies at La Colorada and on additional areas of potential that have been identified through the Company's ongoing exploration efforts. The program's objective is to define and prioritize these targets for follow-up exploration and possible drilling. La Cigarra Drill Update: In addition to the ongoing La Cigarra exploration program, as previously announced on June 25, 2014, Northair is also carrying out a 5,700 meter core drilling program to target down-dip and on strike projections of mineralization at the north end of the San Gregorio Zone and to the south of the Las Carolinas Zone. Drilling is also being conducted along trend to the south where the Las Venadas and Las Chinas targets are underlain by the same favorable stratigraphy that hosts mineralization at San Gregorio and Las Carolinas. To date, the Company has completed just over half of the budgeted program and results will be announced when received and interpreted.

International Northair Mines Ltd. Announces Executive and Management Changes Effective September 8, 2014

International Northair Mines Ltd. announced upon the closing of the private placement and effective on September 8, 2014, Ms. Andrea Zaradic, P.Eng, a senior mining executive with over 25 years' experience, was appointed Northair's new President & CEO and has been named to the company's Board of Directors. Mr. Fred Hewett, a long standing employee of Northair for over 30 years who has served as President & CEO since 1998 will retire, but has agreed to maintain ongoing company involvement in an advisory role. Ms. Zaradic was most recently President, CEO and Director of Troon Ventures Ltd. and led Troon through a successful reverse take-over transaction with Grenville Strategic Royalty Corp. Another key addition to the Northair senior management team is Mr. David Ernst, who has been appointed to the position of Vice President Exploration. Mr. Ernst was most recently Chief Geologist for Pacific Rim Mining, which was recently acquired by Oceana Gold, and played key roles in the discovery or expansion of several mineral deposits, including Hog Ranch, Red Canyon, and Hidden Hill in Nevada, Lomas Bayas and Fortuna de Cobre in Chile, Luicho in Peru, and Nance Dulce and Santa Rita in El Salvador. Mr. Maurice Tagami, P. Eng and Mr. Tony Reda have been appointed to the board of directors of the company in the role of independent directors. Mr. Tagami is currently the Vice President, Mining Operations at TSX and NYSE listed Silver Wheaton Corp. Previously, he held the positions of President, CEO and Director, with Keegan Resources Inc. (now Asanko Gold) and Senior Project Manager on the Onca Puma Nickel laterite Project in Brazil with Canico Resource Corp. (acquired by CVRD in 2005). Mr. Reda is currently the Vice President of Corporate Development at Kaminak Gold Corporation. In addition, to the management and board changes, Mr. John Robins, P. Geo. will be joining the company as a Strategic Advisor. Mr. Robins is a former director of Northair and has continued to be a supportive shareholder of the company. He is currently Executive Chairman of Kaminak Gold and is a professional geologist based in Vancouver, BC, with over 25 years of experience as an independent exploration geologist and entrepreneur. Mr.

International Northair Mines Ltd. Announces Executive and Management Changes

International Northair Mines Ltd. announced that effective upon completion of the private placement, Mr. Fred Hewett, P.Eng., President, CEO & Director of the company will retire from his management positions, but maintain ongoing company involvement in an advisory role. Upon completion of the private placement, Ms. Andrea Zaradic, P.Eng, a senior mining leader with over 25 years' experience, will be appointed President, CEO & Director. Ms. Zaradic was most recently President, CEO and Director of Troon Ventures Ltd. and led Troon through a successful reverse take-over transaction with Grenville Strategic Royalty Corp. Ms. Zaradic will continue to remain on the board of directors of GSR as an independent director following her appointments at Northair. Previously Ms. Zaradic was VP Project Development for Keegan Resources' (now Asanko Gold) Esaase Gold project in Ghana, West Africa, Manager of Infrastructure development for Canico Resources, on the Onca Puma nickel laterite project in Brazil and Senior Construction and Process Operations Engineer for BHP Billiton's Ekati Diamond Mine. The company also announced Mr. John Robins, P. Geo who will be joining the company as a Strategic Advisor. Mr. Robins is a former director of Northair and has continued to be a supportive shareholder of the company. He is currently Executive Chairman of Kaminak Gold and is a professional geologist based in Vancouver, BC, with over 25 years of experience as an independent exploration geologist and entrepreneur.

 

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