Inomin Signs Agreement to Acquire La Gitana Gold-Silver Project Drilling at La Gitana delineates potential near-surface bulk-tonnage deposit
Vancouver, British Columbia, June 3, 2019 – Inomin Mines Inc. (TSX.V: MINE) (“Inomin” or the “Company”) is pleased to announce the signing of a non-binding letter agreement (the “Agreement”) with Gunpoint Exploration Ltd. (TSXV: GUN) to acquire a 100% interest in the La Gitana gold-silver property (“La Gitana” or “Property”) located in Oaxaca State, Mexico (the “Transaction”). La Gitana comprises a 494 hectare property situated within a major northwest trending regional structure that host several mineral deposits including Gold Resource’s (NYSE: GORO) La Aguila open-pit gold-silver mine and Fortuna Silver’s (TSX: FVI) San Jose underground gold-silver mine. The terms of the Agreement provide for an exclusivity period to complete due diligence and contemplate entering into a definitive agreement to finalize purchase terms of the Transaction.