Drill holes - testing a strike length of 5.7 km - intersected long intervals of favourable mineralization ranging 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, believed prospective for nickel and cobalt mineralization. Samples have been shipped to SGS Canada for analyses and results are pending.
Inomin's 100% owned Beaver-Lynx project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast respectively of
At Beaver, airborne and ground magnetic surveys have identified five magnetite-serpentinite zones in ultramafics 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.
Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks, Beaver displays potential to host multiple zones of large, disseminated, Class 1 sulphide nickel. Cobalt occurs with nickel mineralization historically ranging from 0.009% to 0.012% cobalt.
The Lynx area is geologically similar to Beaver with even larger prospective targets area. RGS (regional stream sediment) data collected by the Province of
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 property. Other important nearby infrastructure includes electricity (hydro-power) and railroad. Skilled workers, contractors, and supplies are available locally from the city of
Nickel Added to Proposed US List of 50 Critical Minerals
The
The US government's 100-day review of supply chains has identified investment in nickel refining capacity, in coordination with allies, as a priority.
According to the review, there could be a large shortage of high-purity
'If there are opportunities for the US to target one part of the battery supply chain, this would likely be the most critical to provide short and medium-term supply chain stability,' the document states, noting that there is an 'urgency' to developing a strategy around
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