- Inomin (MINE) has drilled up to 252 m of 20.6 per cent magnesium in B.C.
- The discovery, stemming from the Beaver Property, also includes noteworthy nickel, cobalt, chromium, silver and copper findings
- The company is awaiting results from a ground magnetics program at Beaver’s Lynx block to delineate targets for further drilling
- Inomin Mines acquires and explores mineral properties with a primary focus on gold, silver and nickel
- Inomin (MINE) is up by 252.38 per cent trading at $0.37 per share
Inomin (MINE) has drilled up to 252 m of 20.6 per cent magnesium in B.C.
The discovery – which also includes noteworthy nickel, cobalt, chromium, silver and copper findings – comes from 2021 drilling on the company’s Beaver Property.
Drilling focused on the Spur and North Lobe zones. All drill holes ended in mineralization and are open to expansion in all directions.
Select magnesium-rich samples are destined for the University of British Columbia, where researchers are studying magnesium’s carbon capture properties.
The company has concluded a ground magnetics program at Beaver’s Lynx block and results are pending. It hopes to delineate targets for the next phase of drilling in the previously untested area, which shows potential for multiple, large, bulk-tonnage nickel deposits.
“Our initial drilling program demonstrates Beaver’s potential for hosting large volumes of nickel, as well as magnesium and chromium – all critical metals. Finding significant magnesium and chromium in new areas of the property is a tremendous discovery that adds considerably more value to the project,” stated John Gomez, Inomin’s President and CEO.
2021 drilling on the Beaver Property
| Hole | From (m) | To (m) | Interval (m) | Nickel (ppm) | Cobalt (ppm) | Chromium (ppm) | Magnesium (%) | Silver (g/t) | Copper (ppm) |
| B21-01 | 56.69 | 59.74 | 3.05 | 797 | 129 | 569 | 7.1 | 649 | 2867 |
| B21-02 | 40.54 | 292.61 | 252.07 | 1,648 | 99 | 3,276 | 20.6 | ||
| including | 62.00 | 250.55 | 188.54 | 1,823 | 106 | 3,365 | 22.1 | ||
| including | 185.93 | 243.84 | 57.91 | 2,018 | 108 | 3,099 | 22.4 | ||
| B21-03 | 9.14 | 184.40 | 175.26 | 1,783 | 93 | 3,623 | 21.0 | ||
| including | 24.38 | 47.24 | 22.86 | 1,962 | 94 | 2,810 | 22.9 | ||
| and | 61.57 | 184.10 | 122.53 | 1,913 | 97 | 3,043 | 22.4 | ||
| including | 74.98 | 108.51 | 33.53 | 2,008 | 98 | 2,884 | 23.1 | ||
| including | 119.48 | 156.06 | 36.58 | 1,941 | 95 | 3,097 | 22.5 | ||
| B21-04 | 27.43 | 91.44 | 64.01 | 907 | 57 | 1,515 | 11.8 | ||
| including | 30.18 | 38.10 | 7.92 | 1,555 | 111 | 3,570 | 21.6 | ||
| and | 72.85 | 91.44 | 18.59 | 1,923 | 111 | 2,897 | 23.6 | ||
| B21-05 | 21.34 | 100.58 | 79.25 | 1,419 | 98 | 3,401 | 19.3 | ||
| including | 21.34 | 43.59 | 22.25 | 2,021 | 108 | 2,601 | 23.4 | ||
Inomin Mines acquires and explores mineral properties with a primary focus on gold, silver and nickel.
Inomin (MINE) is up by 252.38 per cent trading at $0.37 per share as of 1:46 pm ET.