Inomin Makes New Critical Minerals Discovery at Beaver Hitting 252 Metres of 20.6% Magnesium, 0.16% Nickel, and 0.33% Chromium Drilling also Finds Silver and Copper
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
NEWS RELEASE
Inomin Makes New Critical Minerals Discovery at Beaver Hitting 252
Metres of 20.6% Magnesium, 0.16% Nickel, and 0.33% Chromium
Drilling also Finds Silver and Copper
Vancouver, British Columbia, March 2 9, 2022 – Inomin Mines Inc. (TSX.V: MINE), (“Inomin”, “MINE” or the
“Company”) reports significant new discoveries of nickel, magnesium, and chromium at the Company’s Beaver
nickel-cobalt property in south -central, British Columbia. Drill-hole B21 -02 intersected 252.1 metres (m) grading
20.6% magnesium , 0.16% nickel, and 0.33% chromium. B21-02 is the longest mineralized hole ever drilled at
Beaver, and the first-ever drilling in the Spur zone, one of five large mineralized areas at the property. Hole B21-01 at
Spur also made a nother first, discovering near-surface silver and copper , intersecting 649 g/t silver and 0.29%
copper over 3 metres , before the hole was terminated due to difficult ground drilling conditions. All holes ended in
mineralization leaving the discoveries open to extension at depth.
Summary - 2021 Drilling on the Beaver Property
Hole From
(m)
To
(m)
Interval
(m)
Nickel
ppm
Cobalt
ppm
Chromium
ppm
Magnesium
%
Silver
g/t
Copper
ppm
B21-01 1 56.69 59.74 3.05 797 129 569 7.1 649 2867
B21-02 2 40.54 292.61 252.07 1,648 99 3,276 20.6
including 62.00 250.55 188.54 1,823 106 3,365 22.1
including 185.93 243.84 57.91 2,018 108 3,099 22.4
B21-03 2 9.14 184.40 175.26 1,783 93 3,623 21.0
including 24.38 47.24 22.86 1,962 94 2,810 22.9
and 61.57 184.10 122.53 1,913 97 3,043 22.4
including 74.98 108.51 33.53 2,008 98 2,884 23.1
including 119.48 156.06 36.58 1,941 95 3,097 22.5
B21-04 2 27.43 91.44 64.01 907 57 1,515 11.8
including 30.18 38.10 7.92 1,555 111 3,570 21.6
and 72.85 91.44 18.59 1,923 111 2,897 23.6
B21-05 2 21.34 100.58 79.25 1,419 98 3,401 19.3
including 21.34 43.59 22.25 2,021 108 2,601 23.4
Note: Entire mineralized zone average.
Table 1: Drill Summary (No attempt was made to correct for true thickness)
Notes:
1 Drill hole terminated due to ground conditions.
2 Entire mineralized zone average.
The 2021 drilling program, consisting of 5 holes (716 m), successfully tested mineralization over a strike length of
5.7 kilometres . Drilling confirmed the presence of significant , near -surface, polymetallic minera lization over the
tested strike length, and discovered mineralization in untested areas of the property. Drilling in the Spur and North
Lobe zones , the focu s of the 2021 drilling, intersected long intervals of f avourable mineralization up to
252 metres in thickness, open to expansion in all directions. All drillholes ended in mineralization.
John Gomez, President of MINE states, “Our initial drilling program demonstrates Beaver’s potential for hosting large
volumes of nickel , as well as magnesium and chromium – all critical metals . Finding significant magnesium and
chromium in new areas of the property is a tremendous discovery that adds considerable more value to the project.”
A ground magnetics program on the Lynx block of the Beaver property, started in early February, has been
concluded and results are pending. The magnetics program was implemented to delineate targets for the next phase
of drilling in this previously untested area.
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
Figure 1: Drillhole Location Map (TF Magnetics Background)
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
Laboratory Analysis of Samples
SGS Minerals Services of Burnaby, BC was chosen to analyze the core samples. Samples were dried, crushed, split,
and pulverized prior to analyses. Multi-element analyses was completed using SGS’s GE-ICP90A50 method which is
a 29 element package using a sodium peroxide digestion with an ICP -AES finish. This package was chosen
specifically to discriminate sulphide nickel from silicate nickels generally found in olivines.
Collaboration with University of British Columbia
Select magnesium -rich samples from the drilling program will be analyzed at the University of British Columbia
(UBC). Led by award -winning professor Dr. Greg Dipp le, UBC researchers ha ve demonstrated that magnesium
captures carbon dioxide (CO2) from the air in tailings of ultramafic nickel, diamonds, and PGEs deposits.
Magnesium is a key mineral for carbon capture as it naturally sequester s CO2. In tailings magnesium reacts with CO2
removing it from the atmosphere, converting i t into a safe, solid form that is stable for thousands of years.
Depending on the amount of carbon dioxide sequestered, it is technically possible for mines to be carbon neutral or
even negative in terms of CO2 emissions.
Inomin is pleased to be working with UBC to support their leading carbon mineralization research and advancement
of carbon capture technology. Carbonization technology could have a substantial impact to decrease carbon
emissions and assist companies and governments reduce their CO2 footprints to fight climate change.
About the Beaver-Lynx project
Inomin’s 100% owned Beaver-Lynx project, approximately 20,000 hectares in size, is located 15 – 25 kilometres east
and south east 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 programs, demonstrated t he property’s potential to host large volumes of near-surface, Class 1 sulphide
nickel and cobalt, amenable to conventional extraction methods.
The Lynx area is geologically similar to Beaver with even larger prospective target area s. RGS (regional stream
sediment) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre
nickel anomaly at Lynx. An airborne magnetics survey delineated a n 8 kilometre-wide ring-like magnetic anomaly
and several strong magnetic a nomalies – all greater than 2 kilometres 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 p roperty. 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 about 20 kilometres south of Lynx.
Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI43 -101, has reviewed and approved
the technical information in this news release.
For further information about the Beaver-Lynx project visit MINE’s website at www.inominmines.com.
About Inomin Mines
Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host
significant resources, especially gold, silver and nickel projects. Inomin holds the La Gitana and Pena Blanca gold -
silver properties in Mexico. The Company owns 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 holds a royalty on the King’s Point gold -copper-zinc project in Newfoundland owned by Maritime
Resources Corp. (TSX.V MAE). Inom in trades on the TSX Venture Exchange under the symbol MINE. For more
information visit www.inominmines.com and follow us on Twitter @InominMines.
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
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 historical facts and are generally, but not always, iden tified 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 “should” occur. Although the Company believes the ex pectations 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 lo oking 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 these forward -looking statements in the event that management’s beliefs,
estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its 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.