Mink Ventures intersects mineralization in 6 holes at Warren west of Timmins
Mink Ventures Corporation has received all assay results for its recently completed six-hole, 507-meter drill program at its Warren Nickel Copper Cobalt Project, located approximately 35 km west of Timmins. The drilling confirmed the geophysical data and intersected broad zones of sulfide mineralization in all six holes with anomalous nickel, copper, and cobalt values associated with disseminated and net textured sulfides. Drill hole W-24-01 was drilled to a depth of 60 meters, and intersected 0.48% Nickel (Ni), 0.12% Copper (Cu), and 0.07% Cobalt (Co) over 0.9 meters in semi-massive sulfides typical of those found in the "A" Zone surface trenches.
Surface sampling on the "A" Zone and the recent drill program has shown that the best values to date are associated with massive to semi massive sulphides. The current interpretation is that the initial "A" Zone massive sulphide may have formed as a typical sulphide lense, then been broken apart by a later pulse of gabbro. This is based on a number of features seen in the drill core as well as the extent of massive and semi massive sulphides and Ni Cu Co values seen in the "A" Zone trenches. Further drilling is required to ascertain the extent of potential massive sulphide zones down plunge and along strike, as the "A" Zone has only been tested by very shallow drilling (65 meters vertical) over a short strike length. The "A" Zone geophysics suggests a strike length of approximately 700 meters.
"This initial drill program enabled us to confirm our understanding of the geometry and geology of the "A" Zone, and fortuitously we clipped the edge of the "B" Zone in several holes, which enhanced our understanding of how the zones sit relative to one another. Given the extent of surface nickel, copper, cobalt mineralization on the property, over seven historical mineralized zones, with significant untested strike lengths, the data is compelling and more drilling is warranted," said Natasha Dixon, President and CEO. "We look forward to continuing the exploration work at Warren and remain grateful that half of the cost of this initial drill program was offset with the non-dilutive capital provided through the OJEP grant," she added.
The Warren project contains numerous historical, trenched surface zones, with significant Cu and Ni values which are associated with coincident geophysical responses including magnetics, electromagnetic (EM) and induced polarization (IP) anomalies over long strike lengths. (See Figure 3.) The majority of these occurrences have had little or no drilling. At this time, it is thought that the "Shaft Area", along with the "D" Zone, and "SW" Zone are extensions of the "C" Zone. This system has had very minimal exploration along a strike length of approximately 1.5 km from geophysical data. (See Figure 3 & Table 3.) Mink plans to evaluate a number of these high priority zones in order to outline a follow up drill program. The initial prospecting work will be conducted in the early spring/summer in order to prioritize targets for future drill testing in 2024.
DRILL PROGRAM DISCUSSION:
The "A" Zone (see Figures 1, 2, & 3) was the focus of Mink's initial drill program. It was selected as a high priority target for drill testing as a result of geological data review, a field examination, and a confirmation sampling program conducted by company geologists during the summer of 2023. The "A" Zone is exposed in historical trenches over a strike length of 120 meters. Mink's grab samples on the "A" Zone returned assay values ranging from 1.075% to 2.08% Cu. Nickel values ranged from 0.313% to 0.348% Ni. Cobalt values ranged from 0.0389% to 0.0498% Co and silver values of interest ranged from 10.3 ppm to 23.8 ppm Ag. (See press releases: February 5, 2024, September 20, 2023.)
The "A" Zone has had very limited drilling at depth or along its projected strike length. Mink's recent drilling demonstrated the presence of anomalous copper and nickel sulphide mineralization on the "A" Zone and confirmed the geophysics.
During the course of drilling the "A" Zone, a sulphide zone was intersected in the upper portion of Holes W-24-02, to W-24-04 inclusive. This mineralization is interpreted to be the extension of the "B" Zone (See Figure 1 & 2). "B" Zone mineralization is now known to extend for approximately 75 meters beyond the historical trenches for a total interpreted strike length of 200 meters. The "B" Zone intercepts support the continuity of mineralization along strike in general as interpreted by geophysical surveys. The geophysical signature for both the "A" and "B" Zones have a projected strike length of approximately 700 meters. Minimal drilling has been conducted on the "B" Zone. Two historical bulk samples on the "B" Zone returned 0.21% Cu, 0.96% Ni, 0.11% Co and 0.10% Zinc (Zn), and a second bulk sample returned 2.83% Cu, 0.58% Ni, 0.10 Co and 0.13 Zn. Reference: Technical Report for Western Troy Capital Resources on the Warren Property (W. Hawkins P. Eng, 2021)
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