December 11, 2017 ~ New exploration company Inomin Mines has completed an exploration program at its ‘King’s Point Project‘. The property is located in north-central Newfoundland, just off route 391. The property is 3,225 hectares in two separate claim blocks (North and South Blocks).
The King’s Point Property sits very near the past-producing Hammerdown mine, which Maritime Resources is examining for possible re-opening.
Inomin’s exploration work was started in about early October 2017 and involved line cutting, soil geochemistry and high-resolution ground magnetometer surveying. The aim was to get a better look at the southern portion of the Beetle Pond and Golden Anchor areas. (Area indicated in map, above.) Previous work had been done in the area.
Inomin says the Beetle Pond area is a zinc target.
A previous news release, in October, quoted Inomin’s President John Gomez as saying:
“With zinc inventory levels approaching critical low levels, zinc prices are at a five year high, [we] are fortunate to have multiple zinc and gold exploration targets at King’s Point.”
Inomin Mines is based out of Vancouver and was previously known as Inovent Capital.