Inomin Mines Inc. [TSXV: MINE] reported the latest and complete results from diamond drilling program at the 28,000-hectare Beaver-Lynx Project in south-central, British Columbia, demonstrating the district-scale potential of the property. The 2025 drilling program focused on the South and North zones and was completed in collaboration with Sumitomo Metal Mining Canada Ltd..
Highlights: All 13 drill holes in the South and North zones intersected significant serpentinized mineralization including nickel (Ni) and magnesium (Mg). Drilling confirms a ~500,000 m² mineralized footprint at the Beaver South zone. North Zone drilling confirms additional mineralization extending along a 7-km trend.
The latest drilling results (holes B25-11, 12, 13) continue to outline broad intervals of nickel-cobalt-magnesium mineralization across a large area, reinforcing Beaver-Lynx as a major new critical minerals system. Latest analytical results also include analyses for platinum (Pt) and palladium (Pd), elements generally associated with ultramafic deposits. PGMs were encountered in both the South and North zones and are expected to be present across other drill-defined mineralized areas.
South Zone – Drill Hole B25-11: 145.2 metres grading 0.19% Ni, 0.011% Co, 0.40% Cr, 0.012 g/t Pt, 0.012 g/t Pd and 23.07% Mg.
Drill Hole B25-12: 116.3 metres grading 0.20% Ni, and 22.93% Mg. Located ~1,000 metres from B25-11, confirming extensive length of mineralized area.
North Zone – Drill Hole B25-13: 102.1 mdetres grading 0.17% Ni, 0.010% Co, 0.29% Cr, 0.011g/t Pt, 0.011 g/t Pd and 20.38% Mg
The 2025 drilling program at Beaver-Lynx consisted of thirteen diamond drill holes totaling 3,361.8 metres. Drilling was carried out using HQ-sized core to manage the challenging ground conditions, with NQ downsizing often required at depth where maintaining hole stability became difficult.
In the South zone, twelve holes were completed on approximately 200-metre centers. This drilling was designed to evaluate the continuity of mineralization previously outlined by earlier programs.
A single hole was drilled in the North zone to test a new high-priority target aimed at expanding the zone’s discovery footprint. This hole successfully intersected significant mineralization associated with strong magnetic features that extend for more than 7 km along strike, further demonstrating the scale of the system.
All holes were oriented to intersect mineralization as perpendicular as possible. A Reflex instrument was used to measure for azimuth and dip deviations; however, dip readings were found to be unreliable due the high concentrations of magnetite in the rocks.
Drill core samples were analyzed by Activation Laboratories Ltd for a 22-element suite utilizing their 8-Peroxide (Total) Fusion, ICP-OES (FUS-Na202). Samples were also analyzed using Actlabs’ fire assay with an MS finish (FA-MS) for platinum, palladium and gold.
The resulting grade for nickel includes both silicate and sulphide components of nickel. A secondary partial digestion technique has been developed in-house by Actlabs for Inomin to ascertain the sulphide nickel fraction only and will be utilized on all samples containing > 0.1% nickel values and will be reported on when complete.
True thicknesses were calculated where density of drilling allowed. True thicknesses were measured directly from cross-sections, deviations to orthogonal calculated where density of drilling allowed. Often, continuity of mineralization was extrapolated by 3-D inversions of the magnetic distribution in the rocks. Given the density of drilling at 200 metres, the true thickness determination is only an approximation intended to reflect likely or comparable thicknesses of mineralization at each of the drillhole locations. The differences between the estimation of the true thickness and reported downhole intervals were found to average 94% of drill core lengths, and this will be re-evaluated during any resource estimation.
Drill hole B25-13 was drilled in a previously untested area of the North zone, a ~7 km long linear trend of magnetics located approximately 3 km to the north of the South zone.
Although most drillholes tested the entire serpentinized body, holes B25-05 and B25-10 were lost due to ground conditions and were unable to intersect with the footwall zone.
Drilling in the South zone continues to demonstrate consistent mineralization over substantial thicknesses. To date drilling in the South zone has tested a surface area of approximately 500,000 m² (50 hectares). A north-south trending geological cross-section was created across the South zone. The section illustrates the ~200-metre thick serpentinized body occurring as a near surface sill-like feature. The feature changes from flat lying to a steeply plunging body to the south. The system remains open for expansion in all directions; however, magnetics suggest deeper targeting will be required.
John Gomez, President of Inomin, commented, “Our 2025 drilling program significantly expanded the mineralized footprint of the South Zone, confirming the existence of a large, polymetallic system. The identification of platinum and palladium associated with the other metals encountered to date at Beaver-Lynx marks a meaningful new development. Although low-grading, PGMs are consistent and could be a significant contribution to production value. With an exceptional drilling success rate approaching 100%, we look forward to the next drilling program.”
The 2025 Beaver-Lynx exploration program was undertaken in collaboration with Sumitomo that funded the program. Sumitomo can earn an interest in the project through an earn-in and joint venture agreement with the Company. Inomin is the operator of the Beaver-Lynx project.
The 28,000-hectare Beaver-Lynx property is located in south-central British Columbia, approximately 50 km north of Williams Lake and adjacent to the Gibraltar mine, Canada’s second-largest open-pit copper operation. The project benefits from excellent infrastructure including all-season road access, nearby hydro-electric power, and proximity to active rail lines. The surrounding resource communities offer comprehensive services and a skilled work force.
Exploration to date, including multiple drilling campaigns, indicates the property may host large volumes of nickel and magnesium, along with cobalt, platinum, and palladium. Drilling has also intersected chromium, copper, silver, and gold, further highlighting the polymetallic nature of the system. With encouraging drilling results and several extensive mineralized zones already identified, Beaver-Lynx has the potential to emerge as a significant new source of critical minerals.
The South and North zones represent two of several extensive mineralized areas outlined through drilling and magnetic surveys across the Beaver block. Ten km to the south, the adjoining Lynx block hosts multiple targets that are comparable — and in some cases potentially larger — than those at Beaver. Together, these zones underscore the district-scale potential of the Beaver-Lynx project.
