Mink Ventures Procures Copper Project Adjacent to Warren North Claims

On April 22, 2024, Mink Ventures Corporation (TSXV:MINK) ("MINK" or the "Company") announced the acquisition of a 100% interest in six mining claims situated adjacent to its Warren North claim boundary from STLLR Gold Inc. (TSX:STLR), known as the "Warren Northeast" or "WNE" claims. The transaction involved a total consideration of granting STLLR Gold Inc. a 2% net smelter return royalty (NSR) on the six claims, with Mink retaining the option to repurchase 1% NSR for one million dollars (CAD$1,000,000). The combined Warren property now spans 1,130 hectares of land in Whitesides Township, located approximately 35 kilometers west of Timmins, Ontario.

The acquisition of the Warren Northeast (WNE) claims stands as a strategic and non-dilutive expansion of Mink’s Warren Property holdings. Within these claims lie two notable copper (Cu) zones, as evidenced by historical drill hole ML9601. The upper zone (M1) yielded results of 0.174% Cu over 13 meters, with a standout intercept of 0.36% Cu over 3.05 meters. Meanwhile, the lower zone (M2) exhibited even more promising figures, with 0.84% Cu over 4.3 meters, including higher-grade intercepts of 1.20% Cu over 2.4 meters and 3.62% Cu over 0.5 meters. Additionally, minor gold values, reaching up to 0.25 g/t gold over short intervals, were observed alongside superior copper values in the M2 Zone.

Despite these encouraging findings, there remains untapped potential. The robust horizontal loop electromagnetic (HLEM) conductor and coincident pulse EM conductor linked to the M1 and M2 zones have yet to be explored for a distance of 200 meters southward from the M1 and M2 intercepts in hole ML9601. Moreover, the zones have only been evaluated to approximately 120 meters vertical, with no significant drilling to depth or down hole geophysics conducted. Additionally, numerous other EM anomalies present on the WNE claims remain unexplored.

The mineralization detected on the WNE claims indicates a unique geological setting for base metal mineralization within Mink’s Warren Project. Historical drill logs indicate the presence of mineralized intervals, featuring semi-massive sulphides and stringer sulphide zones, hosted within an intercalated package of altered felsic and mafic volcanics, suggestive of a new volcanogenic massive sulphide (VMS) environment. Notably, the Timmins Mining Camp boasts several significant VMS deposits, including Glencore’s Kidd Mine.

To leverage the potential of the WNE claims, the Company intends to pursue exploration permit applications for down hole geophysical surveying, alongside plans for a series of diamond drill holes. This proactive approach underscores Mink Ventures' dedication to unlocking the full potential of its newly acquired assets and maximizing value for its stakeholders.