TORONTO - Mink Ventures Corporation (TSXV: MINK) ('Mink' or the 'Company') announced it has executed a drill contract to test priority targets at its newly option Rankin Ni, Cu, Co Project, located approximately 35km west of Timmins Ontario.
Mobilization of the drill to the property is underway and drilling is expected to commence imminently.
Two drill holes (450 meters), to test two priority VTEM Maxwell Plate anomalies with inordinately high, conductive values are planned. Since acquiring the Rankin Property in July, Mink obtained an independent geophysical review of the Maxwell Plate data received from the optionor. This work confirmed the presence of highly conductive zones suggesting the presence of massive sulphide zones with potential to host associated nickel, copper, and cobalt. The Rankin Property is located in the highly prospective Kam Kotia gabbro complex. Further, the targets at the Rankin Property are covered by a strong coincident gravity response which supports the possibility of a sulphide zone associated with the VTEM targets.
Kevin Filo, VP Exploration commented, 'Mink has utilized VTEM airborne surveys and associated Maxwell Plate imaging technology to accurately define the geometry of conductive targets for drill testing. Mink's prior exploration efforts on it holding west of Timmins confirmed that this methodology works as conductive sulphide zones were intersected at the interpreted target depth. This technology provides Mink with the best opportunity to intersect massive sulphide with potential nickel, copper, cobalt mineralization.'
About Mink Ventures Corporation
Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for critical minerals in Ontario, Canada. It has a prospective, nickel copper cobalt exploration portfolio, with its Montcalm project, which now covers approximately 104 km-2 adjacent to Glencore's former Montcalm Mine with historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010), as well as its 11 km-2 Warren Ni Cu Co Project and its newly optioned Rankin Property. These complementary nickel copper cobalt projects have excellent access and infrastructure and are in close proximity to the Timmins Mining Camp. The Company has 41,672,296 common shares outstanding.
Contact:
Natasha Dixon
Tel: 250-882-5620
Email: ndixon@minkventures.com
Kevin Filo
Tel: 705-266-6818
Web: www.minkventures.com
Forward Looking Statements
This press release includes certain 'forward-looking information', including, but not limited to, statements with respect to the prospectivity of the Montcalm, Warren and Rankin Projects. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mink to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of exploration work; inability to raise the money necessary to incur the expenditures required to retain and advance the Warren Project, Rankin Project and Montcalm Project; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, or delays in obtaining governmental and stock exchange approvals.
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