Inomin Mines Inc. (TSXV: MINE) has released new assay results from maiden drilling at the Lynx block of its 28,000-hectare Beaver-Lynx polymetallic project in south-central British Columbia, reporting a highlight intercept of 402 metres grading 0.20% nickel and 21% magnesium starting just 6 metres from surface. The results expand the Onuki zone discovery footprint to approximately 900 metres, demonstrating strong continuity of near-surface mineralisation. The approximately $2.3 million exploration program — the largest single investment at Beaver-Lynx to date — is funded by Sumitomo Metal Mining Canada Ltd. Investors may be watching closely as additional assay results from three remaining drill holes remain pending.

Key Points

  • Inomin Mines Inc. (TSXV: MINE) released new Lynx block drilling results on October 26, 2026
  • Holes L26-05 and L26-06 at the Onuki zone returned 402 metres of 0.20% nickel and 21% magnesium from 6 metres depth
  • Onuki discovery footprint now extends approximately 900 metres; nine holes totalling 3,452.8 metres drilled at Lynx
  • Assay results from three remaining drill holes are pending and will be released once validated

Onuki Zone Intercepts Confirm Large-Scale Near-Surface Nickel-Magnesium System at Lynx

Drilling holes L26-05 and L26-06 at the Onuki zone returned the program's headline result: 402 metres grading 0.20% nickel and 21% magnesium commencing at just 6 metres depth. The release states that these intercepts extend the Onuki discovery footprint to approximately 900 metres from the area reported in the company's October 6, 2026 announcement, confirming mineralisation continuity. Accessory cobalt, chromium, gold, platinum, and palladium were also identified, consistent with the polymetallic character previously established at the Beaver block located 10 kilometres to the north.

Sumitomo-Funded Program Represents Largest Exploration Investment at Beaver-Lynx

The 2026 drilling campaign at the Onuki zone comprised nine holes totalling 3,452.8 metres across a 6 km² target area characterised by strong magnetic responses and surface sampling anomalies. Inomin also completed a 158.4 line-kilometre ground magnetic survey to refine drill targeting. The approximately $2.3 million exploration program is funded by Sumitomo Metal Mining Canada Ltd. and represents the largest single exploration investment ever made at Beaver-Lynx, according to the announcement. Inomin is the project operator. Assay results for three remaining drill holes are pending.

Lynx Block Scale Potential Compared to Beaver's Established Mineralisation

The Lynx block hosts multiple high-priority magnetic and geochemical targets ranging from 3 to 6 km² in size, comparable to — and in some cases larger than — targets at the Beaver block. An airborne magnetics survey delineated an 8-kilometre-wide ring-like magnetic anomaly and several strong anomalies 1 to 3 kilometres in length. The 28,000-hectare Beaver-Lynx project is located approximately 50 kilometres north of Williams Lake and benefits from all-season road access, nearby hydroelectric power, and proximity to an active rail haulage line. The immediate share price impact was not clear from available public information.