Mink Ventures completes drilling at Warren

The most recent news release dated February 3, 2026, announces the completion of a winter drill program at the Warren Ni Cu Co Project. Mink completed eight diamond drill holes totaling 346 meters. The company states the drill core is being logged and prepared for assay. Immediately following this, the drill has been mobilized to the Montcalm property to test a deep-seated 3D Borehole Induced Polarization (IP) target. This follows the January 20, 2026, announcement that drilling had commenced.

The impact of this news is neutral. While it demonstrates operational execution and the completion of the Warren program on schedule, the lack of assay results leaves a value vacuum. - Drill Depth Analysis: The 346 meters drilled across eight holes averages a mere 43.25 meters per hole. This indicates extremely shallow "scout" drilling, which may not be sufficient to test the depth potential of the "A Zone" or the "North Zone" mentioned in historical news. - Resource Allocation: The immediate move to Montcalm suggests a rapid-fire approach to exploration. While efficient for mobilization costs, it puts significant pressure on the company’s remaining cash reserves to cover two sets of assay and mobilization fees simultaneously. - Consistency: The move to Montcalm is in line with the exploration update provided on November 5, 2025, which prioritized a 500-meter deep target at Montcalm.

Mink Ventures is a micro-cap explorer focused on Nickel, Copper, and Cobalt in the Timmins camp, Ontario. - Flagship Project (Montcalm): Located adjacent to the former Glencore Montcalm mine. It features deep geophysical anomalies that have seen limited historical testing. - Secondary Project (Warren): Mink earned a 100% interest in 2025. It is a gabbro-hosted Ni-Cu-Co prospect. Recent geophysics (MALAM) identified a 500m strike length of interest, which was the focus of the recently completed 8-hole program.