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Mink Ventures Montcalm Property Update
Toronto, Ontario--(Newsfile Corp. - November 27, 2023) - Mink Ventures Corporation (TSXV: MINK) (...
About this update from Mink Ventures Corp.
[{"type":"text","content":"Mink Ventures Montcalm Property UpdateToronto, Ontario--(Newsfile Corp. - November 27, 2023) - Mink Ventures Corporation (TSXV: MINK) (\"Mink\" or the \"Company\") today announced that it has completed analysis of core from a recent, single drill hole, to test a strong induced polarization (IP) anomaly designated SW IP Anomaly 1 (See Figure 3), associated with a large magnetic high in the SW Target Area (STA) of its Montcalm Ni, Cu, Co project. The drill hole intersected a disseminated sulphide zone over approximately 19 meters consisting of disseminated pyrite, minor pyrrhotite with the occasional speck of chalcopyrite, however, no significant base metal or precious metal values were returned. The cause of the SW IP Anomaly 1 was barren, disseminated sulphide mineralization which explained the anomaly. This sulphide zone was not detected by previous airborne EM systems due to its disseminated nature and thus lack of conductivity. This lends credence to the approach by Mink that both 3D borehole IP and surface IP are good tools to detect potential new zones of mineralization that have not been found by previous operators. Ongoing target development work (ground IP surveying) is currently under way in the eastern portion of the STA. Numerous borehole IP and ground IP targets on the Montcalm Project remain untested and it is anticipated that further targets will be developed from this ongoing IP program. These will be prioritized for future drill testing. Once this IP program is complete, Mink will have expended the $600,000 work commitment portion of the earn in agreement. Upon issuance, in late December 2023, of the second payment of cash ($25,000), the second share issuance (800,000 Mink shares) and transfer of assessment credits, the Company will have secured its 80% interest in the highly prospective Montcalm Project and the project will remain in good standing for several years with banked assessment.Natasha Dixon President and CEO commented, \"Mink is using advanced geophysics on the overburden covered Montcalm project which can penetrate deeper than previous systems and are capable of outlining both disseminated and massive sulphides. There is less than 1% outcrop to chase, so this technology is one of the primary means to identify targets that were missed by previous operators with less powerful airborne systems. Drill te...