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Inomin identifies high-grade magnesium and nickel values

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Global Mining Review,

Inomin Mines Inc. has announced previously unreported significant magnesium (Mg) grades from historical 2014 drilling on the Beaver property.

Highlights include BN14-23 which reported 100.6 m at an average grade of 21.5% Mg with 0.14% nickel (Ni). These holes were drilled in the Skelton and Ring zones – not drill tested by Inomin in the 2021 drilling campaign – as well as the North Lobe zone. The historic results, combined with the newly released 2021 drill results, demonstrate that high-grade magnesium mineralisation is widespread at Beaver. The 2014 drill core is on the property and additional sampling will be completed on these holes during the upcoming 2022 field season.

John Gomez, President of MINE, comments:

“These unreported, high-grade, magnesium results from drilling by a previous operator, plus the company’s 2021 drill results, confirms Beaver’s potential for hosting, in addition to large volumes of nickel, extensive high-grade magnesium. We are in the unique position of having high-grade magnesium and potentially a lot of it – a great combination.”

Inomin’s inaugural 2021 drilling program encountered significantly greater magnesium than past drill programs. Exploration results include the longest mineralised hole ever drilled at Beaver, and the first-ever drilling in the Spur zone. At Spur drill-hole B21-02 intersected 252.1 m grading 20.6% magnesium and 0.16% nickel. Drill-hole B21-03 – located approximately 600 m south – returned 175.26 m grading 21.0% magnesium and 0.17 nickel, starting just 9.14 m from surface.

Magnesium and nickel prices have tripled and quadrupled respectively since the 2014 drilling programs at Beaver. Furthermore, Canada’s 2022 budget, released last week, has earmarked CAN$3.8 billion to implement the country’s first critical minerals strategy, to ramp-up the extraction and processing of key minerals, including: nickel, lithium, cobalt, and magnesium.

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