- Inomin (MINE) has expanded its Beaver-Lynx critical minerals project in B.C.
- The company staked 1,516 hectares of new mineral claims covering prospective magnetic targets identified by airborne surveys
- Inaugural drill results over 20-per-cent magnesium bode well for further exploration on the district-scale project
- Inomin Mines is a mineral exploration company focused on gold, silver and critical minerals
- Inomin (MINE) is up by 13.33 per cent, trading at $0.085 per share
Inomin (MINE) has expanded its Beaver-Lynx critical minerals project in B.C.
The project is 15 km east of Taseko’s Gibraltar Mine, one of the largest open-pit copper mines in Canada.
The company staked 1,516 hectares of mineral claims to enlarge the project to 22,436 hectares. The new claims cover prospective magnetic targets identified by airborne surveys.
“Our significant discovery at Beaver confirmed that magnetic targets, identified by ground and airborne surveys, are associated with rich mineralization hosting high-grade magnesium, as well as nickel, chromium and cobalt. When prospective ground became available, we jumped on the opportunity to expand our exploration footprint,” stated John Gomez, Inomin’s President.
Major discovery
Inomin’s inaugural drilling program at Beaver yielded a potentially district-scale discovery of high-grade magnesium and other critical minerals, including nickel, chromium and cobalt.
Drill hole B21-02 intersected 252.1 m of 20.6-per-cent magnesium with nickel, chromium and cobalt. B21-02 is the longest mineralized hole ever drilled at Beaver.
The discovery included substantial near-surface mineralization in all drill holes, which remain open to extension at depth.
Scoping tests
Drill core samples from the Beaver discovery are undergoing metallurgical testing to determine recovery of magnesium. The results will assist the company with planning next steps for the project.
Carbon capture
Based on positive test results received from the University of British Columbia’s (UBC) Carbon Mineralization Lab, Inomin is continuing discussions with UBC spin-out Carbin Minerals about further studies to assess Beaver’s potential for carbon capture and storage.
Inomin Mines is a mineral exploration company focused on gold, silver and critical minerals.
Inomin (MINE) is up by 13.33 per cent, trading at $0.085 per share as of 9:33 am ET.
