Acquired by Maritime Resources
King’s Point in Newfoundland covers two core project areas of approximately 3,225 hectares plus certain mineral claims within 3 kilometres of the core areas. The project was acquired by Maritime Resources in 2021. Inomin holds a 1% NSR (Net Smelter Royalty) on King’s Point.
Emerging Mining Camp
Maritime Resources is working towards developing their adjacent high-grade Hammerdown gold deposit into production, and exploring for nearby gold and base metals deposits.
Precious and Base Metals
Eight precious and base metals prospects discovered including epithermal gold mineralization at Golden Anchor, gold-copper VMS at Rendall Jackman, and zinc dominant VMS at Beetle Pond.
Located within 10 kilometres by roads from the coastal communities of King’s Point and Springdale, home of Eastern Analytical assay laboratory and other support services.
The King’s Point gold-base metals project is within the prolific Catcher’s Pond Belt in the Green Bay area of Newfoundland, noted for high-grade gold deposits. The property hosts several “Buchans-style” volcanogenic massive sulphides (VMS) exploration targets, including the former producing Rendall-Jackman gold-copper mine, the Golden Anchor epithermal gold zone, and the zinc-rich Beetle Pond VMS prospect.
The northern claim block is located within 2 km of the Hammerdown gold deposit. This area covers known extensions of the gold-bearing deformation zone that host the Hammerdown and Orion gold deposits including several narrow gold veins within the Golden Anchor zone. These veins are similar to the Hammerdown veins with historic samples assaying up to 3 g/t gold.
The southern claims are also underlain by the Catchers Pond Group which is host to several Lochinvar style zinc and copper rich (+/-Ag and Au) prospects. Previous limited drilling has encountered several intersections of narrow massive sulphides and broad base metal rich, stringer style mineralization in large hydrothermal alteration haloes. Further drilling is needed to sufficiently test for significant base metal deposits.
In short, exploration at King’s Points has included prospecting, geophysical surveys and initial drilling to delineate multiple mineral zones. These prospective areas warrant further exploration as documented by the King’s Point 43-101 Technical Report
The King’s Point project has excellent accessibility, infrastructure and services nearby, located only minutes from the coastal towns of King’s Point and Springdale, the mining hub of Newfoundland.
In May 2018, Inomin entered into an option agreement with Maritime Resources Corp. on King’s Point. Maritime acquired a 100% interest in King’s Point in 2021 by paying Inomin cash, shares and completing work commitments over 3 years. Inomin holds a 1% NSR (Net Smelter Royalty) on King’s Point, including mineral claims acquired by Maritime within 3 kilometres from the perimeter of the King’s Point project.