Inomin Acquires Nickel Properties Properties Prospective for Large, Bulk-Tonnage Sulphide Nickel Deposits
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
NEWS RELEASE
Inomin Acquires Nickel Properties
Properties Prospective for Large, Bulk-Tonnage Sulphide Nickel Deposits
Vancouver, British Columbia, November 4 , 2019 – Inomin Mines Inc. (TSX.V: MINE) ("Inomin” or the
“Company") is pleased to announce the acquisition of the Beaver and Lynx properties prospective for large, bulk-
tonnage sulphide nickel deposits. The properties are located in the Cariboo region of south-central British Columbia,
15 kilometres (Beaver) to 30 kilometres (Lynx) from the Gibraltar mine, the second largest open -pit copper mine in
Canada. Widespread nickel found at both properties indicates the region could host significant nickel deposits with
credits for cobalt and other minerals. Inomin acquired the properties through staking to hold a 100% interest.
Beaver Nickel-Cobalt Property
The 4,250 hectare Beaver nickel -cobalt property is an advanced exploration property located 15 kilometres eas t of
the Gibraltar copper mine. The Beaver property has excellent infrastructure including paved and forestry service
roads allowing easy access to all parts of the property. Previous exploration in the Beaver property area initially
targeted gold. Althoug h gold was found in select areas, nickel sulphide and cobalt were discovered in all areas drill
tested. As the Beaver property is near the Gibraltar mine and other porphyry deposits – representative of major
hydrothermal activity – the district is geological conducive for hosting substantial polymetallic deposits.
Of the numerous anomalies identified by airborne and ground magnetic surveys, four areas were partially tested in
2014, by 19 diamond drilling holes totaling 2,187 metres. Drilling intersected s ulphide nickel mineralization in shallow
south to southwest dipping serpentinites in all areas . Nickel sulphide and cobalt concentrations were quite uniform in
each of the zones (see notable drill results in Figure 1). The ultramafic rock hosting the nickel, delineated by magnetic
surveys and drilling, covers a large 4 km by 8 km footprint , indicating the property’s potential for large, bul k tonnage,
near-surface nickel deposits with cobalt credits (see Figure 1).
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
Given the discovery of significant nickel, a pre -scoping metallurgical study was completed by SGS Canada Inc. in
2015. Preliminary metallurgical tests demonstrated that 90% of the nickel is in the form of nickel sulphide minerals
heazlewoodite and pentlandite, with the remaining found in s erpentine minerals. Initial testing also revealed positive
nickel recoveries, in line with nickel deposits of a similar nature, through conventional floatation methods.
Nickel deportment indicates 91% of the nickel is in a recoverable form with the 9% balance retained in solid solution
with serpentine. Furthermore, as the host rock breaks down quite readily, the nickel may be amenable to alternative
low-cost recovery methods such as heap leaching.
Lynx Nickel Property
The 9,900 hectare Lynx nic kel property, located just 11 kilometres south of Beaver , is in a similar but larger nickel
geological environment to Beaver , with extensive nickel occurrences in outcroppings. Nickel mineralization is
associated with serpentinized ultramafic rocks that ma y or may not contain magnetite. RGS (regional stream
sediment) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel
anomaly on the Lynx property (see Figure 2).
In 2014, an airborne magnetic survey was completed over the entire property. The survey delineated a 8 kilometre -
wide ring-like magnetic anomaly and several strong magnetic anomalies – all greater than 2 kilometres in length –
denoted as the Bear, Skulow, and Onuki area s (see Figure 2). These three areas were the focus of prospecting: of
the 17 rock samples chipped from serpentinite outcroppings, 9 contained greater than 0.1% nickel with the highest
grading sample containing 0.27% Ni. Exploration demonstrates the Lynx property shows potenti al for several very
large, bulk-tonnage nickel deposits.
Nickel Market
Past exploration at the Beaver and Lynx properties occurred when nickel prices were relatively low – around
US$4.00/lb. As the past ownership group turned their attention to their new gold discovery elsewhere in the region ,
no further work was done at the properties.
The current nickel market is more robust , fueled by growth in global stainless steel and rapidly growing battery
markets for phones, laptops and especially electric vehicle (EVs) batteries.
Global nickel demand of approximately 2 million tonnes is expected to double to over 4 million tonnes by 2040.
EV batteries, which today account for only about 4% of nickel demand, is forecast to surge to about 31% of nicke l
demand, driven by the rising adoption of electric vehicles.
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
Whereas steel relies primarily on nickel pig iron (class 2) nickel, EV batteries typically use higher purity sulphide
(class 1) nickel. The nickel market is expected to be largely in deficit during this period of high-growth demand.
John Gomez President & CEO of Inomin Mines, says “The Beaver and Lynx properties provide the company with two
large nickel sulphide exploration projects in our backyard. Given the properties ’ favourable geologic characteristics
and the excellent infrastructure, the region could develop into a significant new nickel camp.”
For further information about the projects and Company visit www.inominmines.com.
About Inomin Mines
Inomin Mines is engaged in the identification, exploration and development of advanced mineral properties.
The Company holds a 100% interest in the Beaver and Lynx sulphide nickel properties in south-central British
Columbia, and the Fleetwood zinc-copper VMS property in southwestern British Columbia. Inomin also holds 100% of
the King’s Point gold -copper-zinc project in Newfoundland under option to Maritime Resources Corp. (TSX.V MAE).
Inomin trades on the T SX Venture Exchange under the symbol MINE. For more information visit
www.inominmines.com and follow us on Twitter @InominMines.
Inomin Director L. John Peters, P.Geo, a qualified person as defined by NI 43 -101, has reviewed and approved the
technical information in this news release.
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
For more information contact:
John Gomez
Tel. 604.566.8703
Email: [email protected]
Neither TSX Venture Exchange nor it s Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release may contain forward looking statements. These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management
discussion and analysis of the Company’s interim and most recent annual financial statements, or other reports filed with Canadian
securities regulators, which are available at www.sedar.com.