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Diamond Drilling Underway at Mink Ventures' Montcalm Ni Cu Co Project
Toronto, Ontario--(Newsfile Corp. - March 1, 2023) - Mink Ventures Corporation (TSXV: MINK) (" Mi...
About this update from Mink Ventures Corp.
[{"type":"text","content":"Diamond Drilling Underway at Mink Ventures' Montcalm Ni Cu Co ProjectToronto, Ontario--(Newsfile Corp. - March 1, 2023) - Mink Ventures Corporation (TSXV: MINK) (\"Mink\" or the \"Company\") today announced that the phase one diamond drill program is underway at its 40 km2 Montcalm nickel copper cobalt project, located adjacent to Glencore's historical Montcalm Mine, 65 km northwest of Timmins, Ontario. The Montcalm Mine had historical production of approximately 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010). The first hole is testing two of three significant conductivity anomalies identified through the recent borehole IP survey.In January 2023, the Company completed phase 1 of a planned multiple borehole induced polarization (IP) survey covering approximately one third of the large Hook Zone magnetic anomaly. Previous historical drilling by past operators failed to explain a number of electromagnetic (EM) anomalies within the Hook Zone. Mink's recent program outlined three high priority targets with strong conductivity responses associated with coincident and strong magnetic responses; two of these targets will be tested with current hole MT23-1 (See Figures 2, 3A, 3B). These targets are proximal to unexplained EM responses and/or anomalous mineralization detected by previous exploration teams.Mink's phase 1 drill program will test two of the priority targets; one near surface target and a second zone at depth. Both of these targets exhibit a strong conductive response as shown in Figures 3A and 3B as well as a good chargeability response. These targets are hosted in the \"gabbro phase\" of the Montcalm gabbro complex which hosts the former Montcalm Mine (Figure 1). The current borehole IP anomalies to be drill tested are proximal to historical hole WT0512 which returned 40 meters of anomalous nickel copper just below the WT0512's casing (See Figure2). A third borehole IP target was also detected proximal to VTEM anomaly D (Figure 2). VTEM anomaly D was a very strong EM response and a single historical drill hole failed to explain the EM response. Mink will drill test this third borehole anomaly during the next drill program. The interpretation of the borehole IP survey has provided much greater detail on why holes by previous operators may have missed their tar...