Mink Ventures receives OJEP grant of $93,365

Executive Summary

• Mink Ventures Corp. received a non-dilutive grant of $93,365.81 from the Ontario Junior Exploration Program (OJEP) to support critical minerals exploration at its Warren nickel, copper, and cobalt project.
• The grant supports recent exploration activities, including a drill program that successfully intersected mineralization in both the A and D zones, with significant high-grade massive sulphide intervals identified.
• The company plans to purchase historical VTEM survey data and conduct Maxwell plate analysis to prioritize anomalies for an upcoming major drilling campaign, complementing existing ground IP and magnetic surveys.

Key Details

• Grant Amount: $93,365.81 received from the government of Ontario via the Ontario Junior Exploration Program (OJEP).
• Project Location: Warren property, Whitesides township, approximately 35 kilometres west of Timmins, Ontario.
• Property Size: Warren property covers 1,130 hectares; adjacent to the 100-square-kilometre Montcalm Ni-Cu-Co project.
• Drilling Highlights (Hole W26-13):
  • Intersected a massive sulphide zone returning 0.44% Ni, 0.28% Cu, and 0.06% Co over 7.1 metres.
  • Included a higher-grade interval of 0.58% Ni, 0.18% Cu, and 0.08% Co over 4.0 metres.
• Geological Context: Mineralization was intersected in each drill hole on the A zone and D zone. The presence of enriched cobalt in massive sulphide zones supports the potential for larger magmatic sulphide deposits across the property.
• Future Work:
  • Purchase of historical VTEM survey data carried out by previous operators.
  • Conduct Maxwell plate analysis to rank and prioritize VTEM anomalies.
  • Compile VTEM responses with known surface mineralization and current ground geophysical data (IP and magnetic surveys) to prepare for a major drilling campaign.
• Company Status: Warren and Montcalm projects are drill-ready, permitted, and have excellent infrastructure access.

Notable Quotes

• Stephen Lecce, Minister of Energy and Mines: "Ontario is leading the charge to secure the minerals that will power our economy and strengthen our sovereignty... Through OJEP, we're backing companies like Mink Ventures Corp. to advance promising projects here at home-unlocking resources, creating jobs, and building a more self-reliant and secure Canadian economy."
• Natasha Dixon, President and CEO: "We are very pleased to acknowledge the financial support of the government of Ontario with this non-dilutive capital from the OJEP grant, which supported our recent exploration and drill program at Warren... The presence of nickel, copper and particularly enriched cobalt within a massive sulphide zone in drill core at Warren supports the potential for the deposition of larger magmatic sulphide zones across the property."