Mink Ventures completes drilling at Montcalm

Executive Summary

• Mink Ventures Corp. completed a single vertical drill hole (549 metres) at its Montcalm nickel-copper-cobalt project in Timmins, Ontario, targeting a deep-seated 3-D borehole induced polarization (BHIP) zone.
• The drill hole intersected the target area at approximately 500 metres depth but encountered a diabase dike that engulfed a portion of the target, leaving the majority of the 300m x 80m target untested.
• The company plans to conduct a follow-up wedge drill hole from the current pilot hole to test the remaining viable deep Ni-Cu-Co target, pending additional downhole geophysics.

Key Details

• Montcalm Project Drilling:
  • Completed one vertical drill hole totaling 549 metres.
  • Target: Deep-seated, high-priority 3-D BHIP target with coincident airborne VTEM, gravity, and magnetic responses.
  • Target Dimensions: Approximately 300 metres in length by 80 metres in width.
  • Intersection Depth: Target area intersected at approximately 500 metres below surface.
  • Geological Finding: A diabase dike (narrow, linear, late intrusive) cut the target zone at the point of intersection, engulfing a small portion of the target area.
  • Status: The BHIP target remains largely untested and represents a significant viable deep Ni-Cu-Co target.
  • Next Steps: Completion of a follow-up wedge drill hole from the current pilot hole; potential additional downhole geophysics to define the target extent prior to wedging.
• Warren Project Drilling:
  • Completed a drill program in February consisting of eight drill holes.
  • Objective: Testing A zone and D zone nickel-copper-cobalt occurrences.
  • Status: Awaiting final assay data from the laboratory; results to be released upon receipt and compilation.
• Project Context:
  • Montcalm project is located within the Montcalm gabbro complex, adjacent to Glencore's Montcalm mine.
  • Historical production at adjacent mine: 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co.
  • Warren project covers 1,130 hectares, located 35 km from Montcalm.
  • Both projects are drill-ready, permitted, and have excellent infrastructure access.

Notable Quotes

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