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Inomin Mines completes drilling at Beaver-Lynx Nickel-Cobalt property

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Global Mining Review,

Inomin Mines Inc. has completed a five hole drill programme totalling 715 m at its Beaver-Lynx Nickel-Cobalt property, located in the Cariboo region of British Columbia.

Drill holes – testing a strike length of 5.7 km – intersected long intervals of favourable mineralisation ranging up to 190 m in thickness. The diamond drilling programme successfully tested the Spur and North Lobe zones, large 5 – 6 km-long areas defined by the preceding ground magnetics survey, believed prospective for nickel and cobalt mineralisation. Samples have been shipped to SGS Canada for analyses and results are pending.

Inomin’s 100% owned Beaver-Lynx project, approximately 20 000 hectares in size, is located 15 – 25 km east and southeast respectively of Taseko Mines Ltd.’s Gibraltar Mine in British Columbia’s Cariboo Region. Initial exploration and metallurgical studies at Beaver in 2013 – 2014, including geophysical surveys and diamond drilling programmes, demonstrated the property’s potential to host large volumes of near-surface, Class 1 sulfide nickel and cobalt, amenable to conventional extraction methods.

At Beaver, airborne and ground magnetic surveys have identified five magnetite-serpentinite zones in ultramafics with a cumulative strike length of approximately 10 km. Historic drilling at these zones intersected strongly magnetic shallow-dipping serpentinites hosting nickel mineralisation in sulfide form.

Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks, Beaver displays potential to host multiple zones of large, disseminated, Class 1 sulfide nickel. Cobalt occurs with nickel mineralisation historically ranging from 0.009% to 0.012% cobalt.

The Lynx area is geologically similar to Beaver with even larger prospective targets area. Regional stream sediment (RGS) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 km nickel anomaly at Lynx. An airborne magnetics survey delineated an 8 km-wide ring-like magnetic anomaly and several strong magnetic anomalies – all greater than 2 km in length. The Lynx property shows potential for multiple, large, bulk-tonnage nickel deposits.

The Beaver-Lynx project is situated in relatively flat terrain and easily accessible via all-season roads, as well as a network of forestry roads providing access to most of the property. Other important nearby infrastructure includes electricity (hydro-power) and railroad. Skilled workers, contractors, and supplies are available locally from the city of Williams Lake situated approximately 20 km south of Lynx.

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Nickel mining news Canadian mining news Cobalt news