Only 30 million shares listed with this one. With a market cap of $3 million after a 100% gain today. I was a shareholder in the spring when we had exciting drill results and this had a spike from .105 to .72 in 3 days after the drilling news from Beaver was released.
If this shows strength in the coming days it might be time to add a few more shares. The tight share structure and clean balance sheet is a bonus here. Looks like the Beaver property has a 4km X 8km 32 s/km target.
Inomin owns a 100% interest in the 7,528 hectare Beaver Magnesium-Nickel-Chromium-Cobalt property located in British Columbia, Canada
Excellent Location
The Beaver property is situated in south-central BC, 15 kilometres east of the Gibraltar mine, the second largest open-pit copper mine in Canada. The property has excellent infrastructure including paved and forestry service roads allowing easy access to all parts of the property.
Major Discovery
Inomin's inaugural drilling program hit significant mineralization in all drill holes including 252.1 metres grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium. All holes ended in mineralization leaving the discoveries open to expansion in all directions.
Multiple Large Targets
Magnesium-nickel-chromium-cobalt bearing-ultramafic rocks has been delineated by property-wide magnetic surveys. The surveys indicate ultramafic occurrences over an extensive 4 km by 8 km area of the property. Exploration surveys and drilling of 30 holes indicate good potential for large, bulk-tonnage, near-surface deposits.
Positive Metallurgy
A pre-scoping metallurgical study demonstrated 90% of the nickel is from nickel sulphide minerals heazlewoodite and pentlandite, the remaining in serpentine minerals. Nickel recovery tests achieved positive recoveries and a marketable nickel concentrate.