Resource World Magazine

D E C E M B E R / J A N U A R Y 2 0 2 0 www.resourceworld.com 59 INOMIN STAKES BC NICKEL PROSPECTS Inomin Mines Inc. [MINE-TSXV] has acquired the Beaver and Lynx proper- ties prospective for large, bulk-tonnage sulphide nickel deposits. The properties are located in the Cariboo region of south- central British Columbia, 15 km (Beaver) to 30 km (Lynx) from Taseko's Gibraltar Mine, the second largest open-pit copper mine in Canada. Widespread nickel found at both properties indicates the region could host significant nickel deposits with credits for cobalt and other minerals. Inomin acquired the properties through staking to hold a 100% interest. The 4,250-hectare Beaver nickel-cobalt property is an advanced exploration property with excellent infrastructure including paved and forestry service roads allowing easy access to all parts of the property. Previous exploration in the Beaver property area initially targeted gold. Although gold was found in select areas, nickel sulphide and cobalt were discovered in all areas drill tested. As the Beaver property is near the Gibraltar Mine and other porphyry deposits – representa- tive of major hydrothermal activity – the district is geologically conducive for host- ing substantial polymetallic deposits. Of the numerous anomalies identified by airborne and ground magnetic sur- veys, four areas were partially tested in 2014, by 19 diamond drilling holes total- ing 2,187 metres. Drilling intersected sulphide nickel mineralization in shallow south to southwest-dipping serpentinites in all areas. The ultramafic rock hosting the nickel, delineated by magnetic surveys and drilling, covers a large 4 km by 8 km footprint, indicating the property's poten- tial for large, bulk tonnage, near-surface nickel deposits with cobalt credits. Initial metallurgical testing revealed positive nickel recoveries through con- ventional flotation methods. Nickel deportment indicates 91% of the nickel is in a recoverable form with the 9% balance retained in solid solution with serpentine. Furthermore, as the host rock breaks down quite readily, the nickel may be amenable to alternative low-cost recovery methods such as heap leaching. The 9,900-hectare Lynx nickel prop- erty, 11 km south of Beaver, is in a similar but larger nickel geological environment to Beaver, with extensive nickel occurrences in outcroppings. RGS (regional stream sediment) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5-km nickel anomaly on the Lynx property. In 2014, an airborne magnetic survey was completed over the entire property. The survey delineated an 8-km-wide ring- like magnetic anomaly and several strong magnetic anomalies – all greater than 2 km in length – denoted as the Bear, Skulow, and Onuki areas. These three areas were the focus of prospecting: of the 17 rock samples chipped from serpentinite outcroppings, 9 contained greater than 0.1% nickel with the highest grading sample containing 0.27% Ni. Exploration demonstrates the Lynx property shows potential for several very large, bulk-tonnage nickel deposits. SCOTTIE REPORTS GOLDEN TRIANGLE HIGH-GRADE GOLD Scottie Resources Corp. [SCOT-TSXV] has provided an update on assay results from the newly discovered Domino Zone in BC's Golden Triangle region, including grab samples of up to 536 g/t gold and 735 g/t silver, and a chip sample grading 10.5 g/t gold and 14 g/t silver over 5.3 metres. The Domino Zone is situated on a miner- alized east-west trending structure, 1.9 km west on strike of the 100%-owned past-producing Scottie gold mine, where mineralization is primarily controlled by east-west structures. Other grab samples from the Domino Zone returned 34.3 g/t gold and 19.7 g/t silver; 63.0 g/t gold and 32.9 g/t silver; and 25.0 g/t gold and 107 g/t silver. A total of 57 grab samples were taken from the Domino Zone; seven had gold grades of greater than 10 g/t and 16 with grades between one to 10 g/t. As part of the 2019 program, a chip sample taken perpendicular to the primary trend of the Domino Zone averaged 10.5 g/t gold and 14 g/t silver over a 5.3-metre interval. The Scottie gold mine produced 95,426 ounces of gold at a recovered grade of 16.2 g/t. The mine operated from 1981 to 1985 and was shut down due to economic challenges, not because the orebody was exhausted. Unmined intercepts include: • O Zone: 107 g/t gold over 4.18 metres and 24.57 g/t gold over 5.09 metres; • N Zone: 21.75 g/t gold over 3.23 metres and 32.91 g/t gold over 3.63 metres. "These initial sample results are excit- ing; their distribution and high-grade nature fit spectacularly with our work- ing geological model," said Dr. Thomas Mumford, VP Exploration. "This mineral- ized structure will be a high-priority drill target for the 2020 field season; the poten- tial that it may connect to the Scottie gold mine mineralizing system make this an exceptional discovery. Sampling of many of these sites was only possible due to sig- nificant glacial retreat in recent years." STEPPE GOLD COMMENCES PRODUCTION Steppe Gold Ltd. [STGO-TSX] announces that the 100%-owned ATO Gold Mine 440 km ENE of Ulaanbaatar, Mongolia is fully permitted and gold pro- duction is commencing. The company has now mined, crushed and stacked approximately 300,000 tonnes of ore grading 2.13 g/t gold on the leach pad. Steppe's mining, crushing and stacking program is ongoing. Full year pro- duction for 2020 is now envisaged to be approximately 60,000 oz of gold. The company will now push to com- plete the Feasibility Study into its Stage 2 Expansion Project. The aim is to increase annual gold production to 150,000 tonnes per annum from underlying fresh rock ores. Steppe also continues to assess a number of additional opportunities in Mongolia including exploration drilling at its Uudam Khundii Gold Project. Bataa Tumur-Ochir has been appointed as President and CEO of Steppe Gold effec- tive immediately. n FOR THE RECORD

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