{"id":1200791,"date":"2020-08-10T13:45:41","date_gmt":"2020-08-10T18:45:41","guid":{"rendered":"https:\/\/www.mining.com\/?p=1032242"},"modified":"2020-08-10T13:45:41","modified_gmt":"2020-08-10T18:45:41","slug":"inomin-shares-jump-on-mexico-property-acquisitions","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1200791","title":{"rendered":"Inomin shares jump on Mexico property acquisitions"},"content":{"rendered":"<p>Inomin Mines (TSXV: MINE) shares surged 15% on Monday following its <a rel=\"noreferrer noopener\" href=\"https:\/\/inominmines.com\/inomin-acquires-la-gitana-and-pena-blanca-gold-silver-projects\/\" >recent property acquisitions<\/a> to extend the company&#8217;s project portfolio beyond Canada.<\/p>\n<p>Last week, the Vancouver-focused miner entered an agreement to acquire the La Gitana and Pena Blanca gold-silver projects in Mexico from Gunpoint Exploration (TSXV: GUN). <\/p>\n<p>As consideration, Inomin issued one million shares, paid C$25,000 cash and granted a 1.5% NSR royalty on the Pena Blanca property to Gunpoint. La Gitana is subject to an existing 3% NSR to a third party, which will be assumed by Inomin. <\/p>\n<p>Both properties are located approximately 100 kilometers east of Oaxaca City within the Oaxaca gold-silver belt, which hosts several operating precious metals mines and prospects including Gold Resource\u2019s (NYSE: GORO) Arista and Mirador gold-silver mines and Fortuna Silver\u2019s (TSX: FVI) San Jose gold-silver mine.<\/p>\n<p>Inomin is currently developing the Beaver-Lynx sulphide nickel project and the Fleetwood zinc-copper-gold-silver VMS project, both located in British Columbia. It also owns the King\u2019s Point gold-copper-zinc project in Newfoundland under option to Maritime Resources (TSXV: MAE).<\/p>\n<p>The Vancouver-based miner has a market capitalization of approximately C$3.1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company recently acquired the La Gitana and Pena Blanca projects from Gunpoint Exploration.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1200791"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1200791"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1200791\/revisions"}],"predecessor-version":[{"id":1200828,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1200791\/revisions\/1200828"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1200791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1200791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1200791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}