INOMIN MINES INC V.MINE

Inomin to Start Ground Survey at Lynx to Identify Ni Targets

[tsxventurewatch]

Vancouver, British Columbia--(Newsfile Corp. - February 1, 2022) -Inomin Mines Inc. (TSXV:MINE),("Inomin", "MINE" or the "Company") reports a 118 line-kilometre (km) ground magnetic survey will begin in early February at the Company's Lynx sulphide nickel property in south-central British Columbia. The survey is designed to delineate drill targets in serpentinite-magnetite hosted nickel mineralization. The survey will encompass 624 hectares in the Bear North and South zones situated on the north-eastern extent of the property. The aforementioned zones extend 3 km long, forming the eastern rim of a large (9 km diameter) circular magnetic feature interpreted to be an ocean basin accreted seamount containing ultramafic complexes (Figure 1). Scott Geophysics Ltd. of Vancouver, BC is completing the survey. Previous magnetics surveys in the Beaver block (located 11 km north of Lynx) of the Beaver-Lynx project have proven very effective at delineating magnetite-serpentinite rocks hosting nickel-cobalt mineralization. At Beaver, airborne and ground magnetic surveys have identified five magnetite-serpentinite zones with a cumulative strike length of approximately 10 kilometres. Historic drilling at these zones intersected strongly magnetic shallow-dipping serpentinites hosting nickel mineralization in sulphide form. The Lynx area is geologically similar to Beaver with even larger prospective targets areas. 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 an 8 kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies - all greater than 2 kilometres in length. Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks in the Beaver property, Lynx displays potential to host multiple zones of large, disseminated, sulphide nickel. Cobalt occurs with nickel mineralization in the Beaver property. A 2020 National Instrument 43-101 technical report on the Beaver-Lynx sulphide nickel project - available on Inomin's websitewww.inominmines.com- notes that the Beaver property hosts large volumes of low-grading nickel and cobalt mineralization amendable to conventional floatation extraction techniques. Partnership Opportunity To continue to evaluate the project's multiple large targets and potential to host bulk-tonnage style, sulphide (class 1) nickel and cobalt deposits, Inomin is seeking a joint venture partner for the Beaver-Lynx project. The price of nickel is at a 10-year high driven by accelerating use in electric vehicle batteries. The United States recently recognized nickel as a new critical metal, essential for the country's rising infrastructure and clean energy requirements. Beaver Drill Results Assay results are pending from the Company's drill program at the Beaver property. As reported November 15, 2021, a five-hole drill program tested a5.7 km strike length intersecting long intervals of favourable mineralization up to 190 metres in thickness. The diamond drilling program successfully tested the Spur and North Lobe zones, large 5 - 6 kilometre-long areas defined by the preceding ground magnetics survey.

[tsxventurewatch]

Good to see them doing some work on the Lynx project which is "geologically similar to Beaver with even larger prospective targets areas." A JV here makes sense based on the number of targets. Hopefully, it comes after a decent set of assays from Beaver