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Inomin Starts Exploration at King's Point Gold-Copper-Zinc Project
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2017) - Inomin Mines Inc. (TSXV: ...
About this update from Inomin Mines Inc
[{"type":"text","content":"Inomin Starts Exploration at King's Point Gold-Copper-Zinc ProjectInitial Focus on Beetle Pond Zinc Target, One of Eight Polymetallic Mineral Zones on Newfoundland PropertyVancouver, British Columbia--(Newsfile Corp. - October 10, 2017) - Inomin Mines Inc. (TSXV: MINE) (\"Inomin\" or the \"Company\") has initiated exploration at the Beetle Pond Zinc Volcanogenic  Massive Sulphide (VMS) target, one of eight mineral areas at the Company's King's Point project in the Springdale area of Newfoundland. A program of line-cutting, soil geochemistry and high-resolution ground magnetometer surveys will be performed in an area around the Beetle Pond zinc prospect. The exploration is designed to extend previously identified base and precious metals soil geochemistry anomalies, coincident with Induced Polarization (IP) anomalies and magnetic structures, that were identified in the Company's 2016 field program. The line-cutting is also in preparation for a geophysical program over Beetle Pond.Figure 1:Left: Map illustrating gold in soil anomalies (pink areas) identified by previous explorationRight: Ground magnetics; red lines represent new survey areasTo view an enhanced version of Figure 1, please visit:http://orders.newsfilecorp.com/files/3069/29537_2017-10-10 Inomin - Exploration Program.jpgBeetle Pond is located just south of the Golden Anchor gold zone (see map below) within a large base metal geochemical anomaly measuring in excess of 1.5 kilometres long. A strong IP anomaly extends approximately 700 meters across the mineral showing and off the target to the northwest. Limited shallow drilling intersected highly chloritized felsic volcanics with widespread, strong alteration, as well as disseminated and narrow massive sulphide mineralization. A drill hole intersected 1.6% zinc over 2 metres. \"With zinc inventory levels approaching critical low levels, zinc prices are at a five year high,\" said John Gomez, President, Inomin Mines. \"We are fortunate to have multiple zinc and gold exploration targets at King's Point.\"About the King's Point Gold-Copper-Zinc Property The King's Point gold-base metals project is within the prolific Catcher's Pond Greenstone Belt in the Green Bay area of Newfoundland, noted for high-grade gold deposits. The property comprises 3,225 hectares in two separate claim blocks (North and South Blocks) that ...