Business
Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - Inomin Mines Inc. (TSXV: MINE ...
About this update from Inomin Mines Inc
[{"type":"text","content":"Inomin Starts Drilling at Beaver-Lynx Critical Minerals DiscoveryVancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - 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. The South zone is one of five main mineral zones identified at Beaver prospective for hosting critical mineral deposits. Previous drilling by the Company in 2021 intersected mineralization in the Spur and North Lobe zones over a strike length of 5.7 kilometres. All holes encountered significant intervals of mineralization, with drill-hole B21-02 intersecting 252.1 metres grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium (see March 29, 2022 news release). Testing carried-out by researchers at the University of British Columbia in 2022 on the 2021 drill core demonstrated the potential for carbon capture and storage through key minerals that sequester carbon dioxide (CO2) from the atmosphere (see June 27, 2022 news release). Preliminary metallurgical testing completed in 2022 demonstrated up to 99% recovery of the magnesium using an HCl leach and 58% recovery of the nickel through floatation (see January 19, 2023 news release).Positive drilling results from the current and previous programs enable the Company to identify the size and grade potential of the various zones prior to definition drilling for a resource.Inomin president John Gomez, says, \"We're delighted to get the drill turning again at Beaver where our maiden drilling program discovered significant high-grade magnesium, as well as nickel, cobalt, and chromium – all critical minerals. We plan to drill more metres than our previous drilling campaign that enabled us to make our big discoveries. As we're testing new targets, the current drilling program could expand our discovery footprint substantially, and materially increase the value of our project.\" Further information about the Beaver-Lynx critica...