Mink Ventures reports massive sulphide at Warren Property, Ontario
Mink Ventures Corp. [TSXV: MINK] reported results from the diamond drill program at its Warren Ni-Cu-Co Property, Timmins, Ontario. The successful drill program intersected mineralization in each drill hole on the A Zone as well as the D Zone, with the highlight of the program found in hole W26-13 which delivered a massive sulphide zone that returned 0.44% nickel (Ni), 0.28% copper (Cu) and 0.06% cobalt (Co) over 7.1 metres, including a higher-grade interval of 0.58% Ni, 0.18% Cu, and 0.08% Co over 4.0 metres.
Numerous targets and multiple zones of mineralization have been identified on a property wide scale at Warren. This winter drill program was focused on the A Zone. Seven, shallow, drill holes (264 metres) were completed on the A Zone, and a single 111-metre hole tested the D Zone, a known, untested, historical surface nickel occurrence.
The presence of nickel, copper, and particularly enriched cobalt within a massive sulphide zone in drill core at Warren supports the potential for the deposition of larger magmatic sulphide zones across the property. In addition, surface occurrences of nickel copper cobalt mineralization that are spatially associated with geophysical targets extend for approximately three km of strike length on the property.
In light of the recent drill results, additional drill testing is warranted to further evaluate targets initially in the immediate A Zone area; the adjoining B Zone; and around a newly developing Mise-a-La Masse (MALAM) target just east of the A Zone. Note: Historical B Zone bulk samples returned 2.83% Cu, 0.96% Ni, & 0.11% Co.
“In spite of the limited exploration drilling so far, Mink continues to intersect significant mineralization and demonstrate the excellent potential for near surface Ni, Cu, Co bearing magmatic sulphide deposition in multiple targets across the 11.3 km2 property. We are particularly encouraged by the higher grade cobalt values associated with the nickel mineralization to date. We look forward to continuing our evaluation of Warren with another drill campaign, which our team has already fully permitted in anticipation of a summer drill program,” said Natasha Dixon, CEO.
In the interim, the company intends to purchase a historical VTEM survey, carried out across the property by previous operators, and have maxwell plate analysis conducted to rank and prioritize the VTEM anomalies. This information will complement the ground induced polarization (IP) surveys and magnetic surveys already in Mink’s data base.
Compilation work will prioritize the VTEM responses with known surface mineralization and current ground geophysical data in a preparation for a major drilling campaign. A high level of priority will be given to higher grade occurrences such as the North Zone, with a 100-meter diameter “bulls eye” MALAM response, and assays by Mink geologists which returned grab samples as high as 0.967% Ni and 0.07% Co in massive sulphide. Access to the North Zone was hampered in the recent campaign and remains untested. It is a priority target for the summer program.
Additionally, the VTEM survey will also assist in prioritizing potential copper (Cu)-zinc (Zn) volcanogenic massive sulphide (VMS) targets in a felsic package of rocks along the western flank of the property. In this location, a historical Morgain Minerals’ drill hole ML-1, in a VMS environment, returned 0.84% Cu over 4.3 metres on the periphery of a large chargeability response with a strike length for 1.3 km. This will be re-evaluated in conjunction with the new VTEM data.
A Zone: The primary focus of the recent drill program was the evaluation the highly prospective A Zone with multiple surface trenches hosting significant Ni, Cu, Co values, hosted in massive sulphide, exposed in outcrop trenches over 120 metres of strike length. The surface expression of the A Zone is coincident with an exceptionally strong Mise-a-La-Masse (MALAM) anomaly, with a strike length of approximately 500 metres and width of 200 metres, suggesting the presence of a conductive zone.
A series of shallow vertical holes were drilled to test the coincident MALAM anomaly and surface exposure of A Zone mineralization over the exposed 120 meters of strike length. Vertical holes were completed due an original interpretation suggesting the A Zone was a flat lying zone.
New drill data suggests that that Ni, Cu, Co-bearing massive sulphides are present within a series of distinct lenses associated with a broad mineralized zone that returned anomalous to low grade Ni, Cu, Co. The extent of this broad mineralized zone is unknown at this time. The highlight of the A Zone drilling was hole W-26-13 which returned a massive sulphide zone grading 0.44% Ni, 0.28% Cu and 0.06% Co over a 7.1-metre interval. A Zone drilling also returned some broader lower grade intercepts. The presence of Ni, Cu, Co within a massive sulphide zone in drill core at Warren is indicative of the potential for the deposition of a larger magmatic sulphide zones on the property. Further drill testing is warranted in the immediate A Zone area and on a property wide basis to test a number of occurrences and geophysical anomalies.
D Zone: A single drill hole tested the D Zone to evaluate a trenched surface zone of sulphide mineralization in excess of 50 metres in width with a documented historical chip sample that returned 0.5% Ni over 9.14 metres.
Recent Mink drill hole W-26-17A intersected a 5.6-metre magmatic sulphide zone grading 0.23% Ni, 0.09% Cu, and 0.03% Co which included an interval that returned 2.5 metres averaging 0.35% Ni, 0.14% Cu and 0.06 Co. The narrow width of the W-26-17A relative to the surface expression of the D Zone suggests a more complex geometry to the mineralized zone. The D Zone is associated with a broad geophysical trend extending from the Shaft Zone and SW Zone. Further drilling at D Zone is being considered to evaluate the mineralized zone further along strike in order to determine the potential for more significant widths to the zone comparable to the surface expression.
Mink Ventures is exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins, Ontario area. Mink’s Montcalm Project covers 100 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.
Its Warren Ni Cu Co Project, which covers 1,130 hectares, is located 35 km away. Both projects are drill ready and permitted and have excellent access and infrastructure with an all-weather access road and power as well as proximity to the skilled labour and facilities of the Timmins Mining Camp. The company has 33,606,719 common shares outstanding.
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