Inomin intends to complete additional drilling in the Spur, North Lobe, and Ring zones on the Beaver block to build on the Company's initial discoveries of high-grade magnesium, sulphide nickel, and chromium and cobalt - all critical minerals. Initial drill testing is also anticipated in the South zone, a 2 x 1 kilometre (km) magnetic target, as well as at the adjoining Lynx property, that features an 8-km wide ring-like magnetic anomaly comprised of several strong magnetic anomalies.
Inomin is also reviewing carbon capture and storage (CCS) studies for Beaver-Lynx following initial positive test results. It is anticipated that future CCS work will be conducted in collaboration with Arca, a leading carbon mineralization company.
Relations with the community where the Company's La Gitana project is located are being strengthened. Among the objectives of the Company's dialogue is to explore the many ways the project can benefit the community. As demonstrated by operating gold-silver mines in the region, including
La Gitana is an advanced, gold-silver exploration project where exploration including diamond drilling by past joint project owners -
Inomin looks forward to reaching an agreement with the community and continuing to advance the project for the benefit of all stakeholders.
Agreement with
The Company has entered into a corporate advisory agreement with
The agreement with Castlewood is for a six-month term and provides a monthly fee and additional compensation for certain transactions introduced by Castlewood. The Company has also granted Castlewood, effective
About
Contact:
Tel: 604.566.8703
Email: info@inominmines.com
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, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' 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 these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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