TORONTO, June 27, 2024 (GLOBE NEWSWIRE) — Mink Ventures Corporation (TSXV:MINK) (“Mink” or the “Company“) today announced it has commenced the summer exploration program at its Warren nickel copper cobalt project, located approximately 35 km southwest of Timmins, Ontario. The exploration program involves prospecting work to evaluate a series of high priority Ni Cu zones, followed by diamond drilling. These fully funded programs will enable Mink to complete the work component of its option to earn a 100% interest in the project.
“We are pleased to kick off this exploration program at such a prospective project for nickel, copper, and cobalt. The Warren project is further enhanced by its enviable access to the skilled labour, green power, and infrastructure of the emerging Timmins Nickel Camp. Exploration stage companies play a vital role in finding new deposits and this work is Mink’s raison d’être. Significant investments into new battery factories and processing facilities continue to be announced in Ontario, and Mink hopes to play a role in discovering new Canadian sources, of the significant amounts of critical minerals, that will be required to secure the supply chain for them,” commented Natasha Dixon, President and CEO.
The exploration program involves initial prospecting work to evaluate a series of high priority zones as shown in the accompanying Figure 1. The primary focus of the program will be the C Zone trend which is comprised of a series of historical trenched zones (C Zone, Shaft Area, SW and D Zones) with coincident geophysical responses over a 1.5 km strike. The more significant reported chip sample and grab sample values1 along the C Zone trend ranged from 0.5%-1.0% Ni and 0.22%-3.42% Cu. Another isolated zone designated the North Zone, with values ranging from returned 0.36%-0.48% Ni and 0.24%-1.13% Cu, will also be evaluated. (See Mink press release March 13, 2024 for table of reported values.)
Figure 1: Mink Warren Patents Compilation Map
Qualified Person:
Mr. Kevin Filo, P. Geo. (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.
References:
1Ontario Resident Geologists Office Timmins Ontario; Maxmin, Magnetometer and VLF Surveys Evaluation Report, Whitesides and Massey Twp. Claims (C. Mackenzie Consulting Geologist, 1990).
About Mink Ventures Corporation:
Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins, Ontario area. Mink’s flagship Montcalm Project covers 40 km2 adjacent to Glencore’s former Montcalm Mine which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010). Its Warren Ni Cu Co Project, which covers 1,130 hectares is located 35 km away. Both projects have excellent access and infrastructure with an all-weather access road and power as well as its proximity to the skilled labour and facilities of the Timmins Mining Camp. The Company has 22,456,488 common shares outstanding
For further information about Mink Ventures Corporation please contact: Natasha Dixon, President & CEO, T: 250-882-5620 E: [email protected] or Kevin Filo, Director, T: 705-266-6818 or visit www.sedarplus.ca
Forward Looking Statements
This press release includes certain “forward-looking statements” under applicable Canadian securities legislation, including, but not limited to, statements with respect to the exploration potential of the Company’s mineral properties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mink to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals; or failure to obtain regulatory approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Mink’s filings with Canadian securities regulators available on SEDAR+ at www.sedarplus.ca.
Although Mink has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Mink disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/02c00557-6de1-419c-96bd-6400dcb3221c
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