The playbook — nickel · October 6, 2026
Inomin drills 420 m of nickel at Lynx — thin on grade, long on rock
First-ever holes at the Lynx block hit a long, shallow nickel zone, but the 0.21% grade is low and true width is still unknown.
Inomin Mines says it has made a new nickel discovery at its Beaver-Lynx project in south-central British Columbia. The headline number: one hole cut 420 metres grading 0.21% nickel, starting just 3 metres below surface and running to 423 metres down. The hole is at the Onuki zone on the Lynx block, about 10 kilometres south of the company’s Beaver target, and it is part of the first drilling ever done at Lynx — a 9-hole, 3,452.8-metre program that is now complete. Victor Jaramillo, P.Geo., the company’s VP Exploration, signed off on the technical work. Sumitomo Metal Mining Canada is bankrolling the roughly C$2.3-million program under a deal that lets it earn up to 80% of the project.
Here is the thing to hold in your head: the length impresses, the grade does not. At 0.21% nickel, every tonne of rock carries about two kilograms of metal — low-tenor by nickel standards. The rock is ultramafic, which is why the assay also shows 22% magnesium, a rock-forming ingredient rather than a product anyone pays for. The lab note says the nickel is a mix of silicate and sulphide forms, and silicate nickel is the hard kind — tricky to process and worth less. A headline that leans on interval length and magnesium rather than nickel grade tells you where the strength is. The stock, for what it’s worth, has run: MINE.V is up 33.3% over three months while its base-metals peer index rose just 5.1%, a gap too wide to pin on the sector tide.
Now the honest part. The company explicitly states these are core-length intervals and that true thickness won’t be known until drilling gets denser, so the real width of that 420-metre hit is still unknown. Only one of the four reported holes has grades attached; the other three, plus five more holes, are pending with no stated date. There is no cut-off grade, so we can’t see how the grade is distributed inside that long interval. And the claimed “continuity” between Beaver and Lynx, 10 kilometres apart, is a geological and geophysical inference — the release provides no drill-to-drill tie, and Lynx has never been drilled before. No resource estimate exists; this is reconnaissance, with holes spaced 200 metres or more apart. The next things on the calendar: assays from the five remaining Onuki holes, and a government decision on a newly staked 1,128-hectare claim next door.