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Mink Ventures receives $80,000 exploration grant for Warren Project near Timmins

Dec 13, 2023

Mink Ventures Corporation has received an $80,000 Ontario Junior Exploration Grant (OJEP) towards exploration at its Warren nickel copper cobalt project located 35 km west of Timmins. 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 120 meters exposed in a series of surface trenches. Drilling will focus on testing the A zone down plunge and below the estimated 60-meter 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 10.3 ppm to 23.8 ppm silver, were associated with some of the better copper values on the A Zone. (See press release September 20, 2023.) There are two other zones (B & C) along with a number of untested base metal occurrences and untested geophysical anomalies which will be tested in a phase 2 program. 

"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 program and this non-dilutive capital funding it provides which enables us to expand the drill program 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 10.1 km2. 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. 

Qualified Person
Mr. Kevin Filo, P. Geo (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.

About Mink Ventures Corporation:
Mink Ventures Corporation (TSXV: MINK) is a Canadian mineral exploration company exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins, Ontario area. Mink's flagship Montcalm Project, covers 40 km2 adjacent to Glencore's former Montcalm Mine which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010). Its Warren Ni Cu Co Project is located 35 km away. Both projects have excellent access and infrastructure with an all-weather access road and power as well as its proximity to the skilled labour and facilities of the Timmins Mining Camp. The Company has 17,902,984 shares outstanding.

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