Drills turning at Mink Venture's Timmins area Warren Copper Nickel Project

"We are excited to begin drill testing these underexplored patented mining claims following their recent acquisition in July 2023. With the geology, geophysics, and the extensive surface mineralization observed, we think there is significant opportunity for new discoveries to be made on the patents and across the expanded Warren project, which includes additional staked claims (Warren East) and acquired claims (Warren North). Mink's work commitment to earn a 100% interest in the patents is $300,000. We will make a significant dent in that obligation with this initial drill program which is expected to run for about two weeks. Further, we are grateful that half of the costs of our drill program will be offset with the non-dilutive capital provided through the OJEP grant, which enables us to conduct additional exploration while keeping our share structure intact at 18.8 M shares outstanding," said Natasha Dixon, President & CEO. 

Mink Ventures Corporation has commenced an initial 500 meter drill program on the A Zone at its Warren Copper Nickel Project. The Warren property covers 1,010 hectares of land, located in Whitesides Township, approximately 35 km west of Timmins. The first phase of drilling will consist of a series of short holes on the A Zone to determine the extent of the mineralization down plunge, down dip and along strike prior to evaluating the other mineralized zones and numerous untested priority geophysical targets.

The "A" Zone was selected as a high-priority target for drill testing as a result of an extensive geological review of data, a field examination and a confirmation sampling program conducted this summer (2023) by Company geologists. Results from this sampling program on the "A" Zone along with other targets zones on the property are presented in the accompanying Table 1. 

PROPERTY HIGHLIGHTS:

• Prospecting, sampling, and a geological evaluation of known mineralized zones A, B, and C was completed in the summer of 2023 in order to locate the most prospective zones of mineralization for drill testing. A total of 20 reference grab samples were taken.
   
• Sampling efforts confirmed the presence of extensive zones of mineralization; recent sampling demonstrated excellent copper grades and significant nickel, cobalt and silver grades associated with some of the best copper grades. (See Table 1 and Figure 2.)
   
• The sampling efforts confirmed that the highest priority target at this time is the A Zone where approximately 120 meters of the zone is exposed in a series of trenches in outcrop. Excellent copper values ranging from 1.075% to 2.08% were noted in the A Zone trenches. 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 ranging from 10.3 ppm to 23.8 ppm were also associated with some of the better copper values on the A Zone.

• To date, the Warren patents host three known zones with copper, nickel, and cobalt mineralization; these have been designated A, B, and C. Two historical bulk samples were completed on the Warren patents; the first bulk sample returned 0.21% Cu, 0.96% Ni, 0.11% Co and 0.10% Zn, and a second bulk sample returned 2.83% Cu, 0.58% Ni, 0.10 Co and 0.13 Zn. The combined A-B zones and the C zone have projected strike lengths of 800 and 1,000 meters of strike length respectively from geophysical data.

• In the 1950's a resource* calculation of 385,000 tons of 1% Cu + Ni was outlined by Jade Oil & Gas on the Warren patents. Jade Oil and Gas drilled 23 holes to test Zones A and B in the mid 1950's. Highlights include 2.5% Cu+Ni over 7.6 m and 2.8% Cu+Ni over 8.2 meters. *The resource calculation is historical in nature and is not NI43-101 compliant; it is not to be relied upon and is reported as a historical statement only. Note: Certain historical information pertaining to a historical resource estimate, is disclosed in this press release. The methods and parameters used to prepare this estimate and the category of the estimate is unknown. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and the issuer is not treating the historical estimate as current mineral resources or reserves. References: Technical Report for Western Troy Capital Resources on the Warren Property (W. Hawkins P. Eng, 2021) and Maxmin, Magnetometer and VLF Surveys Evaluation Report, Whitesides and Massey Twp. Claims (C. Mackenzie Consulting Geologist, 1990)

• Despite fairly significant historical work on both the A and B zones in the past, the bulk of the exploration efforts were limited to fairly shallow drilling and/or surface work. Consequently, there is limited understanding of the geometry of these mineralized zones at depth. The first phase of drilling by MINK will consist of a series of short holes on the A Zone to determine the extent of the mineralization down plunge, down dip and along strike prior to evaluating the other mineralized zones and numerous untested priority geophysical targets in a second phase program.

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