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Mink Ventures Receives $89,160 in Non-Dilutive Capital With OJEP Grant for Warren Nickel Copper Cobalt Project
TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) (“Mink” or the "Company") today announced that it has been selected to receive
About this update from Mink Ventures Corp.
[{"type":"text","content":" TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) (“Mink” or the \"Company\") today announced that it has been selected to receive an Ontario Junior Exploration Program (“OJEP”) grant for $89,160 from the Government of Ontario to support ongoing exploration efforts on its Warren Ni Cu Co Project. The Warren property covers 1,130 hectares of land, located in Whitesides Township, approximately 35 km west of Timmins, Ontario (see Figure 1) and is just south of Mink’s Montcalm Ni Cu Co project. “Ontario’s competitive advantage to be a leading global supplier of critical minerals lies in our commitment to investing in exploration,” said George Pirie, Minister of Mines. “Through our government’s Ontario Junior Exploration Program (OJEP), this investment in Mink Ventures Corporation’s Warren Ni Cu Co project will help facilitate the exploration of critical minerals, like nickel, copper, and cobalt, which are needed for the made-in-Ontario supply chain that will fuel the future.” “We are very pleased to acknowledge the financial support of the Government of Ontario with this non-dilutive capital from the OJEP grant, that supports our exploration efforts for nickel, copper, and cobalt at Mink’s Warren project,” said Natasha Dixon, President & CEO. Pursuant to the OJEP grant, Mink will receive $89,160 to cover eligible exploration costs on the Warren project. Mink was selected for the grant under OJEP’s critical minerals stream, which is aimed at facilitating exploration for critical minerals within Ontario. The Company completed a summer exploration program focused on a series of historical occurrences designated the Shaft Zone, SW Zone, D Zone, and North Zone. The Shaft Zone, SW, and D Zone are associated with a 1.5 km geophysical trend (see Figure 2). The North Zone, a separate occurrence, was also evaluated in the NE portion of the patents. Sampling on the various historical occurrences confirmed the presence of extensive zones of mineralization with excellent base metal values. Nickel values of interest on the mineralized zones ranged from 0.310% to 0.967% Ni, and significant copper ranged from 0.365%-0.773% Cu. The North Zone also hosted interesting cobalt grades ranging from 0.0573% to 0.0738% Co. (See press release September 4, 2024 for full details.) A diamond drill program to test these zones ...