Inomin Files NI 43-101 Technical Report on Beaver-Lynx Nickel Project Properties prospective for large, near-surface, sulphide nickel deposits Nickel demand to accelerate fueled by rising adoption of electric vehicles
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
NEWS RELEASE
Inomin Files NI 43-101 Technical Report on Beaver-Lynx Nickel Project
Properties prospective for large, near-surface, sulphide nickel deposits
Nickel demand to accelerate fueled by rising adoption of electric vehicles
Vancouver, British Columbia, July 2, 2020 – Inomin Mines Inc. (TSX.V: MINE) is pleased to announce the filing of
a technical report (“Technical Report”) , in accordance with National Instrument 43 -101 Standards of Disclosure fo r
Mineral Projects (“NI 43 -101“), for the Beaver and Lynx sulphide nickel properties located in south-central, British
Columbia.
Highlights
Large volumes of relatively shallow uniformly distributed sulphide nickel occurs at Beaver property
Drilling of 25 drill holes at Beaver has delineated nickel and cobalt in four zones over 3 km total strike
Nickel intersected 8 to 150 metres in thickness grading 0.17% to 0.34% total nickel
Nickel mineralization amenable to conventional floatation extraction techniques
Initial exploration at nearby Lynx property suggest comparable nickel results to Beaver
Inomin’s 100% owned Beaver-Lynx nickel project consists of the Beaver and Lynx properties totaling 20,190
hectares, located 15 – 25 kilometres east and southeast respectively of Taseko Mines Ltd.'s Gibraltar Mine in British
Columbia’s Cariboo Mining Division. Initial exploration at Beaver , including geophysical surveys and diamond drilling
programs during 2013 – 2015, demonstrated the properties’ potential to host large areas of near-surface,
disseminated nickel and cobalt, amenable to conventional extraction methods.
Magnetics surveys have proven very effective at delineating large areas prospective in magnetite serpentinite hosted
rocks associated with nickel. At B eaver, airborne and ground magnetic surveys have identified four magnetite
serpentinite zones with a cumulative strike length of approximately 10 kilometres. Three drill programs totaling 25
holes (2,718 metres) at Beaver intersected sulphide nickel mineralization in shallow dipping magnetite-rich
serpentinites in all four zones. Nickel and cobalt grades were quite uniform in all zones, delineating nickel between 10
to 150 metres in thickness grading 0.18% to 0.28% nickel.
Given the positive drill results related to areas of significant magnetite serpentinite rocks, Beaver displays potential to
host multiple zones of large, disseminated, sulphide nickel. Cobalt occurs with nickel mineralization ranging from
0.009% to 0. 012% cobalt. The less explored Lynx p roperty (no drilling) is geologically similar to Beaver with larger-
bearing nickel zones. Lynx also covers the highest nickel stream and lake sediment nickel anomaly in the region.
In 2015 , SGS Canada Inc. completed a QEMSCAN (Quantitative Evaluation of Minerals by Scanning Electron
Microscopy) metallurgical study on a sample from Beaver’s South Lobe zone demonstrating that 91% of the nickel is
present in a recoverable form . Of the 91% recoverable nickel, 48% is Heazlewoodite, 42% Pentlandite, and just 1 %
forms the nickel alloy awaruite.
The Beaver and Lynx properties are easily accessible via all-season paved roads; a network of forestry roads provide
access within the grounds . Other important complementary infrastructure nearby includes electricity and railroad.
Skilled workers, laboratories, and supplies are available locally including from the resource city of Williams Lake
situated about 20 kilometres south of Lynx. The topography of the properties is relatively flat, ideal for mining.
Demand for nickel for electric vehicle (EV) batteries is expected to increase considerably over the coming decade.
Wood Mackenzie is predicting nickel demand to almost double , growing from 2.29 million tons in 2018 to over
4 million tons by 2040, creatin g significant potential supply shortages in the coming years. Most electric vehicles rely
on lithium-ion batteries, with the main component comprised mostly of nickel. Sulphide nickel, also referred as “Class
1” nickel, is the type most sought by EV battery manufacturers.
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
John Gomez, President of Inomin says, “The Beaver and Lynx properties provide the potential to delineate significant
class 1 nickel resources in a mining-friendly, infrastructure-rich, Tier-1 jurisdiction. Initial exploration demonstrates the
properties are of sufficient scale to be attractive to mining companies seeking large, long -life, low-cost project
opportunities. With the recent consolidation of our land position and filing of our maiden technical report, we look
forward to working with a partner to advance Beaver-Lynx.”
The June 24, 2020 Technical Report is available on the Company’s issuer profile at SEDAR (www.sedar.com) and
Inomin’s website www.inominmines.com.
About Inomin Mines
Inomin Mines is engaged in the identification, acquisition and exploration of mineral properties. The company holds a
100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-
copper-gold-silver VMS project in south-west British Columbia. Inomin also owns 100% of the King’s Point gold -
copper-zinc project in Newfoundland under option to Maritime Resources Corp. (TSX.V MAE). Inomin t rades on the
TSX 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 defin ed 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 please contact:
John Gomez
Tel. 604.566.8703
Forward Looking Statements: This news release contains certain statements that may be deemed “forward -looking statements”.
Forward looking statements are statements that are not historica l facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or th at events or
conditions “will”, “would”, “may”, “could” or “shou ld” occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and
actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on
the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law,
the Company undertakes no obligation to update thes e forward -looking statements in the event that management’s beliefs,
estimates or opinions, or other factors, should change.
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Exchange) accepts responsibility for the adequacy or accuracy of this release.