Mink Ventures Corporation (TSXV: MINK) has completed the phase one diamond drill programme (822m) on the Hook Zone, at its Montcalm Ni Cu Co project in Ontario.
Drilling tested two of three targets outlined from the recent borehole Induced Polarization (IP) surveys.
In addition, the company completed a first phase surface IP survey and defined a significant additional drill-ready target in the Southern Target Area. Mink’s project is adjacent to Glencore’s historical Montcalm Mine, 65km northwest of Timmins, Ontario.
The Montcalm Mine had historical production of approximately 3.93Mt of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co.
In January 2023, the company completed phase one of a three-phase borehole IP survey in the Hook Zone. This programme outlined three high priority targets with strong chargeability and/or conductive responses associated with coincident and strong magnetic responses. Due to permit boundaries, the Company initially planned to test two of the highest priority targets with a single hole (MT23-1).
Fortunately, the Company was able to quickly obtain a second permit to initiate a second hole (MT23-2) to test the second deeper IP target (IP Anomaly 2) from a more optimal orientation and opted to do so. MT23-1 has been logged and samples sent to the lab for analysis. Hole MT23-2 has been completed and logging and sampling are underway.
The borehole IP targets are hosted in the “gabbro phase” of the Montcalm gabbro complex which hosts the former Montcalm Mine.
The two borehole IP anomalies that were drill tested are proximal to historical hole WT0512 which returned 40m of anomalous nickel copper just below WT0512’s casing.
A third borehole IP target was also detected proximal to VTEM anomaly D. VTEM anomaly D was a strong EM response and a single historical drill hole failed to explain the EM response. It is anticipated that Mink will drill test this third borehole IP anomaly during the next phase of drilling.
Additionally, the first phase surface IP survey in the South Target Area proved to be very productive and outlined a highly-conductive, strong broad IP target with an estimated strike length of approximately 500m.
This high priority IP target, designated SW Anomaly 1, is associated with a large magnetic response and will be tested in the phase 2 drill programme.
A more detailed review of the data is still in progress to fully evaluate additional targets of interest outlined by the South Target Area IP survey. The company anticipates returning to continue drilling as soon as possible and will be filing for additional permits to test these newly developed targets in the South Target Area.
Mink’s claims cover very prospective geology including approximately 10sq. km of the gabbro phase of the Montcalm gabbro complex. The gabbro phase of the complex hosted the former Montcalm mine.
Mink’s project has excellent access and infrastructure including an all-weather road to the property, a series of logging roads throughout, as well as a power line, and proximity to the Timmins Mining Camp, enabling cost-effective mobilization and exploration.
For further information please visit: https://minkventures.com/