Mink Ventures Corporation (TSXV: MINK) has received a C$80,000 Ontario Junior Exploration Grant (OJEP) towards exploration at its Warren nickel copper cobalt project located 35km west of Timmins, Ontario. The drill program is expected to begin in early January 2024.
Mink will begin drilling on the A Zone which has a surface strike length of approximately 120m exposed in a series of surface trenches. Drilling will focus on testing the A zone down plunge and below the estimated 60m vertical evaluation by previous operators. Confirmation work by company geologists on the A Zone, as well as other target zones, returned significant base metal numbers. Excellent copper values were noted in the A Zone trenches which ranged from 1.075% to 2.08% Cu. Nickel values from the A zone ranged from 0.313% to 0.348% Ni. Cobalt values ranged from 0.0389% to 0.0498% Co. Some interesting silver values, which ranged from 10.3ppm to 23.8ppm silver, were associated with some of the better copper values on the A Zone. There are two other zones (B & C) along with several untested base metal occurrences and untested geophysical anomalies which will be tested in a Phase 2 programme.
“Ontario’s success as a global mining leader relies on our resolute determination to foster collaboration, encourage industry growth and innovation, and promote Northern Ontario as a superior destination for industry investment,” said George Pirie, Minister of Mines. “Our government’s investments through OJEP in early exploration work, such as Mink Ventures’ Warren Critical Minerals project, are creating the ideal conditions for a thriving mining industry that will help drive economic development and lead to the mines of tomorrow.”
“We are grateful for the OJEP programme and this non-dilutive capital funding it provides which enables us to expand the drill programme on the patented mining claims within this highly prospective Warren property. After optioning the property in July 2023, Mink has since expanded the project through staking and acquisitions, and it now covers 10.1km2. The company has also acquired a 0.5% NSR on the patents,” said Natasha Dixon, president & CEO.
Mink’s project has excellent access and infrastructure including an all-weather road to the property, a series of logging roads throughout, and proximity to the Timmins Mining Camp, enabling cost-effective mobilization and exploration.
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