beaver industrial supply

Inomin Starts Drilling at Beaver-Lynx Nickel-Cobalt Property

Drilling to Test for Nickel-Cobalt Over Large 6-Km Long Area

Inomin Mines Inc. (TSXV: MINE) ("Inomin", "MINE" or the "Company") reports drilling is underway at the Company's Beaver-Lynx Nickel-Cobalt property located in the Cariboo region of British Columbia. Approximately 1,200 metres of diamond drilling is planned to test for nickel mineralization within a 5 - 6 kilometre-long area covering the Spur and North Lobe zones. This large exploration area has been defined by MINE's summer 2021 ground magnetic survey and limited previous drilling.

Inomin's 100% owned Beaver-Lynx project is approximately 20,000 hectares, located 15 - 25 kilometres east and southeast respectively of Taseko Mines Ltd.'s Gibraltar Mine in British Columbia's Cariboo Mining Division. Initial exploration and metallurgical studies at Beaver, including geophysical surveys and diamond drilling programs during 2013 - 2014, demonstrated the property's potential to host large areas of near-surface, disseminated sulphide nickel and cobalt, amenable to conventional extraction methods.

The Company recently acquired additional mineral claims to join the Beaver and Lynx claim blocks into a single property (Beaver-Lynx). Mineral claims were also acquired in the Lynx area to cover a strong magnetic target.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3069/98782_e7da00d2f4d23811_001.jpg

Beaver-Lynx Location and 2021 Beaver Ground Magnetic Survey

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3069/98782_e7da00d2f4d23811_001full.jpg

Magnetic surveys have proven very effective at delineating magnetite-serpentinite rocks hosting nickel-cobalt mineralization. At Beaver, airborne and ground magnetic surveys have identified five magnetite-serpentinite zones with a cumulative strike length of approximately 10 kilometres. Historic drilling at these zones intersected strongly magnetic shallow-dipping serpentinites hosting nickel mineralization in sulphide form.

Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks, Beaver displays potential to host multiple zones of large, disseminated, sulphide nickel. Cobalt occurs with nickel mineralization ranging from 0.009% to 0.012% cobalt.

The Beaver-Lynx project is situated in relatively flat terrain and easily accessible via all-season roads, as well as a network of forestry roads providing access to most of the property. Other important nearby infrastructure includes electricity (hydro-power) and railroad. Skilled workers, contractors, and supplies are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx.

For further information about the project visit MINE's website at www.inominmines.com.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI 43-101, has reviewed and approvedthe technical information in this news release.

About Inomin Mines

Inomin Mines is engaged in the identification, acquisition and exploration of mineral properties, especially gold, silver and nickel projects that display strong potential to host significant mineral resources. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The company owns a 100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also owns 100% of the King's Point gold-copper-zinc project in Newfoundland under option to 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.

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/98782

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Gold and silver bars.

Top Stories This Week: Gold Hits New Price Record, Silver Catching Up at 12 Year High

It was another record-setting week for gold, which neared the US$2,700 per ounce mark on Thursday (September 26). The new milestone came only six days after the metal closed above US$2,600 for the first time.

Gold is now up about 30 percent since January after starting the year at the US$2,040 level, putting it ahead of the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC).

Market participants have also been keeping a close eye on silver, which tends to lag behind gold and then outperform. While the white metal remains far from its all-time peak, this week it passed US$32.60 per ounce, marking a 12 year high.

Keep reading...Show less
JZR Gold Announces Private Placement Offering Of Units To Raise Up To $750,000

JZR Gold Announces Private Placement Offering Of Units To Raise Up To $750,000

(TheNewswire)

JZR Gold Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN OR INTO THE UNITED STATES.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
AU$100 bills.

Astral Resources Funded Through to Final Investment Decision via AU$25 Million Placement

Astral Resources (ASX:AAR) is funded through to a final investment decision thanks to "firm commitments" to raise approximately AU$25 million via a placement of new company shares.

The amount will be secured across two tranches, with Astral set to issue approximately 263 million new fully paid shares at AU$0.095 each. It has already raised AU$21 million via the first tranche.

The second tranche is subject to shareholder approval, and is anticipated to bring in about AU$4 million.

Keep reading...Show less
Flynn Gold (AU:FG1)

Flynn Secures $140,000 in Grant Funding for Drilling at Golden Ridge

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to advise that it has been successful with two applications in Round 10 of the Tasmanian State Government’s Exploration Drilling Grant Initiative (EDGI).

Keep reading...Show less
Brien Lundin, gold bars.

Brien Lundin: Gold Price Moving, Which Stocks Will Give the Most Torque?

Speaking to the Investing News Network, Brien Lundin, editor of Gold Newsletter, gave his thoughts on gold's recent price activity, including which stocks are likely to provide the most torque on its move.

"The place to be right now I think for the most torque on this move in gold is really the silver junior mining stocks — the ones that have silver resources," he said during the interview. "I think they are going to take off like we saw in the spring of 2020, when we had a tremendous move in the silver miners. I think that's going to happen again."

Looking at the outlook for gold as it continues to make fresh all-time highs, Lundin gave a positive forecast.

Keep reading...Show less

Kestrel Option Partner Locates Gold Soil Anomalies and Plans Drilling at QCM Property

Kestrel Gold Inc. ("Kestrel" or the "Corporation")(TSXV:KGC) is pleased to provide an update on work completed by Centerra Gold Inc. ("Centerra") on the QCM gold property ("QCM") located in the Manson-Germanson area of central British Columbia. Centerra is currently in the process of earning a 75% interest in QCM by making cash payments totaling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029

Centerra collected 1,245 soil samples from the area of the 14 Vein showing and the Main Zone during May and June. Follow-up soil sampling and prospecting as well as a trial induced polarization ("IP") geophysical survey over the 14 Vein showing are underway. Current plans are for a reverse circulation ("RC") drill test of showings and anomalies to commence in early October.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×