Inomin Completes Ground Magnetic Survey at Lynx Nickel Property Generating Numerous Drill Targets

Inomin Completes Ground Magnetic Survey at Lynx Nickel Property Generating Numerous Drill Targets

Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") reports completion of a ground magnetics survey on the Lynx property, generating numerous drill targets. Approximately 171 line-kilometres (kms) of magnetic readings were taken across two grids encompassing the Bear and a portion of the Skulow zones, two large 2 x 3 km nickel targets (Figure 1).

As at Inomin's Beaver property, where the Company reported on March 29, 2022 a significant discovery of critical minerals including magnesium, nickel, and cobalt, ground magnetics have delineated multiple linear features extending up to 1.5 kms in length. These strong magnetic structures - typically associated with mineralization - will be used for drill targeting. Given the geologic and mineral similarities, the Company anticipates Lynx hosting potentially comparable nickel and magnesium grades as at Beaver.

The ground magnetics surveys completed at Lynx and Beaver were effective at both sharpening the confines of strong magnetic relief, interpreted as the near surface expression of nickel-magnesium mineralization hosted by magnetic serpentinite bodies, as well as indications of the orientation of the mineralization.

The strong magnetic bodies delineated by the 2022 survey form both linear as well as broad circular anomalous areas. The linear features are likely indicative of thrust planes created during the subduction of the lower crust forming wedges near the mantle. Broad circular features, typically 3 - 6 km2, likely signify hot spots or mud volcanoes formed by the crust's proximity to the mantle.

John Gomez, President of MINE, states, "Air and ground mag surveys have been highly effective exploration targeting tools to finding significant magnesium and nickel rich mineralization. Given the number of targets the surveys are generating, it's exciting to appreciate the size potential of mineralization at Lynx and Beaver. We look forward to drill testing the Lynx area in 2022, as well as continuing with ground surveys to cover other strong magnetic targets already identified by airborne magnetics."

Magnetic Surveys and Stream Sediment Data Define Large Mineral Targets

Air and ground magnetics surveys at the Beaver property, located 11 km north of Lynx (Figure 2), have proven very effective at delineating magnetite-serpentinite rocks hosting magnesium-nickel mineralization, and other critical minerals including cobalt and chromium. At Beaver, magnetic surveys have identified five magnetite-serpentinite zones with a cumulative strike length of approximately 10 kilometres.

The Lynx area is geologically similar to Beaver with even larger prospective targets areas. Regional stream sediment sampling (RGS) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel anomaly at Lynx, the largest in the region. An airborne magnetics survey delineated an 8-kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalous trends - all greater than 2 kilometres in length.

Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks at the Beaver property, Lynx displays potential to host multiple large zones of nickel and other critical minerals.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3069/120804_9540e638d4beba61_001.jpg
 
Figure 1: Total Field ground-magnetic survey results (Airborne TF magnetics background) over the Bear and Skulow zones, two of five main mineral exploration targets on the Lynx property. The survey grids, completed in February by Scott Geophysics Ltd., were chosen due to their proximity to the paved Likely Road allowing access to most of the grid area during the winter. The project was halted prematurely while surveying the Skulow grid due to unsafe spring thaw conditions; as such, a large portion of the Skulow grid remains unsurveyed.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3069/120804_9540e638d4beba61_001full.jpg

Beaver-Lynx Critical Minerals Project

Inomin's 100% owned Beaver-Lynx magnesium-nickel project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast of Taseko Mines Ltd.'s Gibraltar Mine in British Columbia's Cariboo Mining Region. The topography of the properties is relatively flat and easily accessible via all-season roads as well as a network of forestry roads providing access to most portions of the properties. Other important nearby infrastructure includes electricity (hydro) and railroad. Skilled workers, contractors, and suppliers are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx (Figure 2).

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3069/120804_9540e638d4beba61_003a.jpg

Figure 2: The Beaver-Lynx magnesium-nickel project is a large 20,000-hectare property located in the mineral and infrastructure-rich Cariboo Mining Region of south-central British Columbia.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3069/120804_9540e638d4beba61_003afull.jpg

About Inomin Mines

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially gold, silver, and critical minerals. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The Company owns a 100% interest in the Beaver-Lynx magnesium-nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information, visit www.inominmines.com and follow us on Twitter @InominMines.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI43-101, has reviewed and approved the technical information in this news release.

On behalf of the board of Inomin Mines:

Inomin Mines Inc.
Per: "John Gomez"
President and CEO

For more information please contact:

John Gomez
Tel. 604.566.8703
info@inominmines.com

Forward-Looking Statements: This news release contains certain statements that may be deemed "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120804

News Provided by Newsfile via QuoteMedia

MINE:CA
The Conversation (0)
Inomin Drills 23% Magnesium and 0.19% Nickel over 179 Metres at Beaver South Confirming Large Deposit Potential

Inomin Drills 23% Magnesium and 0.19% Nickel over 179 Metres at Beaver South Confirming Large Deposit Potential

Ring Zone Drilling Intersects 22% Magnesium and 0.18% Nickel Over 112 Metres Just 20 Metres from Surface

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to report that drilling at the South and Ring Zones of the Beaver-Lynx critical minerals project, continues to intersect high-grade magnesium and nickel over long intersections. South Zone drill-hole B23-03, located 100 metres north of hole B23-02, intersected 23% magnesium with 0.19% nickel over 179.2 metres (m), the longest intersection from drilling in the South Zone to date. Drill hole B23-04, testing the eastern portion of the Ring Zone 2.3 kilometres northeast, intersected 22.3% magnesium with 0.18% nickel over 112.2 metres, with mineralization beginning at bedrock surface.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Initial South Zone Drilling Demonstrates Large Tonnage Potential of Beaver-Lynx Critical Minerals Discovery

US Department of Energy Classifies Magnesium Among the Most Critical Commodities

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin To Extend Warrants

Inomin To Extend Warrants

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") announces that it intends to extend the term of an aggregate of 1,048,000 common share purchase warrants (the "Warrants") issued as part of the Company's private placements that closed on August 25, 2021 and September 24, 2021. The Warrants are exercisable at a price of $0.15 and currently expire on August 25, 2023 and September 24, 2023.

Subject to the approval of the TSX Venture Exchange, the term of the Warrants will be extended to August 25, 2025. All other terms of the Warrants will remain the same.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Completes Followup Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Completes Followup Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce drilling is completed at the Beaver-Lynx property located between the Gibraltar and Mount Polley mines in the Cariboo region of south-central British Columbia.

Recent drilling at the Beaver property, consisting of 4 holes totalling 968 metres, targeted the South and Ring zones located approximately 6 kilometres (km) and 4.5 km south respectively of Inomin's drilling discovery in the Spur zone (hole B21-02) that intersected 252.1 metres grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium (see March 29, 2022 news release).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce drilling is underway at the Beaver-Lynx property located between the Gibraltar and Mount Polley mines in the Cariboo region of south-central British Columbia.

Drilling at the Beaver property is currently targeting the South zone located approximately 3 km south-west of Inomin's previous drilling discoveries. The objective of the program is to drill test the South zone's potential for significant magnesium and nickel-cobalt-chromium mineralization.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Advancing Multiple Gold Discoveries in Proven Jurisdictions

Advancing Multiple Gold Discoveries in Proven Jurisdictions

Focused on adding value through cost effective minerals exploration and discovery

This Presentation has been prepared as a summary only and does not contain all information about Many Peaks Minerals Limited’s (“MPK” or the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and rights and liabilities. The information in this Presentation and made to you verbally is subject to updating, completion, revision, further verification and amendment without notice.
Keep reading...Show less
Siren Gold

Significant Mineralisation Intersected at Auld Creek

Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide an update on its Auld Creek Prospect.
Keep reading...Show less
Flynn Gold

Polymetallic Strike and Depth Potential Identified at Firetower Project

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide an update on its exploration activities at its 100%-owned Firetower Project located in northwest Tasmania.

Keep reading...Show less
Acquisition of Advanced Gold Projects in Cote D’Ivoire

Acquisition of Advanced Gold Projects in Cote D’Ivoire

Many Peaks Minerals Limited (ASX:MPK) (Many Peaks or the Company) is pleased to announce entering a binding Share Sale Agreement (Agreement) with Turaco Gold Limited (Turaco) to acquire its 89% interest in CDI Holdings (Guernsey) Ltd (CDI Holdings). CDI Holdings is an 89% subsidiary of Turaco, held with Predictive Discovery Limited (Predictive), holding an 11% free carry ownership in a joint venture with Turaco. The Agreement will trigger Turaco’s drag-along right in its joint venture with Predictive, whereby Many Peaks will also acquire Predictive’s remaining 11% interest and consolidate 100% ownership of the joint venture entity CDI Holdings.

Keep reading...Show less
Mining cart full of gold.

Barrick to Look for More Gold and Copper Through DRC Partnership

Barrick Gold (TSX:ABX,NYSE:GOLD) is setting its sights on expanding its operations through a partnership with the Democratic Republic of Congo (DRC) that would open up new gold and copper opportunities for the company.

Kibali — the company’s joint venture with AngloGold Ashanti (NYSE:AU,JSE:ANG) — continues to set production records after another successful year, punctuated by the 343,000 ounces of gold it produced in 2023.

Barrick is forecasting higher attributable production from Kibali in 2024, setting a goal of 320,000 to 360,000 ounces.

Keep reading...Show less

AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS, CONFERENCE CALL AND ANNUAL MEETING

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today announced that it will release its first quarter 2024 results on Thursday, April 25, 2024 after normal trading hours. Additionally, the Company will host its Annual and Special Meeting of Shareholders (the "AGM") the following day, Friday, April 26, 2024 in a hybrid format (in Toronto and virtually).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×