Inomin Mines to Start Exploration at King's Point Polymetallic Project
TSX VENTURE: MINE
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2017) - Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce exploration permits for Inomin's first exploration program at the King's Point gold-copper-zinc property have been submitted to the Newfoundland and Labrador Department of Natural Resources. The Company plans to focus on exploration on the past-producing Rendall-Jackson copper-gold VMS deposit, as well as other newly identified targets from work performed during the past two years. Upon receipt of the exploration permits, anticipated in mid-May, the exploration program will consist of reconnaissance Induced Polarization/Resistivity and high resolution magnetometer surveys over high-priority areas.
Location Map of King's Point Gold-Copper-Zinc Property
King's Point Gold-Copper-Zinc Property Summary
The King's Point gold-base metals project is within the prolific Catcher's Pond Greenstone Belt in the Green Bay area of Newfoundland, noted for high-grade gold deposits. The property comprises 3,225 hectares in two separate claim blocks (North and South Blocks) that host several priority "Buchans-style" VMS exploration targets, as well as intermediate-stage targets including the Golden Anchor mesothermal gold prospect, the former Rendell-Jackman copper producer, and the Beetle Pond zinc prospect. These targets are immediately along strike and adjacent to claims held by Maritime Resources Corp., which host the high-grade Hammerdown gold deposit, as well as the Lochinvar VMS deposit that neighbours Inomin's Golden Anchor prospect. The region has excellent infrastructure and accessibility, located only minutes from the communities of King's Point and Springdale, the mining hub of Newfoundland.
The Company has granted 700,000 options to directors at $0.10 per share for 5 years. Also, David Brett is stepping down as VP, Business Development due to his increasing obligations with EnGold Mines Ltd. Mr. Brett will remain a director of Inomin.
About Inomin Mines
Inomin Mines is engaged in the identification, exploration and development of mineral properties. The Company holds a 100% interest in the King's Point polymetallic (gold-copper-zinc) project in Newfoundland's prolific Green Bay mineral region. Inomin Mines trades on the TSX Venture Exchange with the symbol MINE. For further information visit www.inominmines.com.
Inomin Director Bruce Winfield P.Geo, a qualified person as defined by NI 43-101, has reviewed and approved the technical information in this news release.