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Inomin Ground Magnetics Survey at Beaver Nickel-Cobalt Property Identifies Multiple Drill Targets Over 6-Km Long Area
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2021) - Inomin Mines Inc. (TSXV: MI...
About this update from Inomin Mines Inc
[{"type":"text","content":"Inomin Ground Magnetics Survey at Beaver Nickel-Cobalt Property Identifies Multiple Drill Targets Over 6-Km Long AreaVancouver, British Columbia--(Newsfile Corp. - July 22, 2021) - Inomin Mines Inc. (TSXV: MINE) reports a ground magnetics survey, completed at the company's Beaver nickel-cobalt project in south-central British Columbia, has defined multiple drill targets over a 6-kilometre (km) long zone. The 120 line-km ground magnetic survey, covering a 6-km long airborne magnetic anomaly in the Spur and North Lobe zones, defined long linear magnetic anomalies associated with magnetite concentrations.At Beaver, magnetite formed through a serpentinization process on ultramafic bodies occurs with nickel-sulphide concentrations in previously drill tested areas of the property. It is the company's intention to complete drill tests of priority targets in this newly defined zone followed by a more rigorous drilling program to delineate a nickel-cobalt resource. The ground magnetic survey was completed by Scott Geophysics Ltd. of Vancouver, BC. John Gomez, President & CEO of Inomin Mines, says, \"The ground survey has generated further data to assist us in prioritizing drill targets. We look forward to drill testing these new targets to demonstrate the existence of nickel-cobalt mineralization over a large 5 - 6-km long area.\"Inomin's 100% owned Beaver-Lynx nickel 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 nickel and cobalt, amenable to conventional extraction methods.Magnetics 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 ...