Mink Ventures Acquires Copper Project Adjacent to Warren North Claims
Mink Ventures Acquires Copper Project Adjacent to Warren North Claims
Toronto, Ontario--(Newsfile Corp. - April 22, 2024) - Mink Ventures Corporation (TSXV: MINK) ("MINK" or the "Company") today announced that it has acquired a 100% interest in six (6) mining claims located adjacent to its Warren North claim boundary (see Figures 1 and 2) from STLLR Gold Inc. (TSX: STLR) referred to as the "Warren Northeast" or "WNE" claims. Total consideration made for the six claims is a 2% net smelter return royalty (NSR) on those six claims, granted in favour of STLLR Gold Inc., with Mink retaining the right to a buy-back of 1% NSR for one million dollars (CAD$1,000,000). The combined Warren property now covers 1,130 hectares of land in Whitesides Township, approximately 35 road kilometers west of Timmins, Ontario.
安大略省多伦多--(Newsfile Corp.,2024 年 4 月 22 日)-Mink Ventures Corporation(TSXV:MINK)(”貂皮“或者”公司“)今天宣布,它已从被称为 “沃伦东北” 或 “WNE” 索赔的STLLR Gold Inc.(多伦多证券交易所股票代码:STLR)手中收购了位于沃伦北方索赔边界附近的六(6)项采矿权的100%权益(见图1和2)。这六项索赔的总对价是这六项索赔的2%净冶炼厂回报特许权使用费(NSR),由STLLR Gold Inc.发放,Mink保留以100万美元(100万加元)回购1%NSR的权利。合并后的沃伦财产现在覆盖怀特塞德斯镇的1,130公顷土地,位于安大略省蒂明斯以西约35公里的路程处。
HIGHLIGHTS:
亮点:
The Warren Northeast (WNE) claims represent a non-dilutive, strategic addition to Mink's Warren Property holdings.
The WNE claims host two significant copper (Cu) zones within historical drill hole ML9601. The upper zone (M1) returned 0.174% Cu over 13 m, including an intercept of 0.36% Cu over 3.05 meters. The lower zone (M2) returned 0.84% Cu over 4.3 meters including higher-grade intercepts of 1.20% Cu over 2.4m and 3.62% Cu over 0.5 meters. Some minor gold values up to 0.25 g/t gold over short intervals were noted with better copper values in the M2 Zone.*
A strong, horizontal loop electromagnetic (HLEM) conductor and coincident pulse EM conductor associated with the M1 and M2 zones is untested for 200 meters along strike to the south of the M1 and M2 intercepts in hole ML9601. No significant drilling to depth has been carried out, the zones have only been evaluated to approximately 120 meters vertical and there has been no down hole geophysics conducted. In addition, there are a number of other EM anomalies present on the WNE claims that are untested.*
The mineralization on WNE claims represents a new geological environment for base metal mineralization on Mink's Warren Project. Historical drill logs suggest that mineralized intervals comprised of semi massive sulphides and stringer sulphide zones are hosted within an intercalated package of altered felsic and mafic volcanics indicative of a new volcanogenic massive sulphide (VMS) environment. The Timmins Mining Camp hosts a number of significant VMS deposits including Glencore's Kidd Mine.
The Company intends to file exploration permit applications for down hole geophysical surveying as well as for a series of diamond drill holes.
沃伦东北(WNE)的索赔是对明克持有的沃伦地产的非稀释性的战略性增持。
WNE 声称,历史钻孔 ML9601 内有两个重要的铜(Cu)区域。上部区域 (M1) 在 13 米处返回 0.174% 的铜,包括在 3.05 米处的截距 0.36%。下部区域 (M2) 在 4.3 米处返回 0.84% 的铜,包括在 240 米处返回 1.20% 铜的更高品位截距,在 0.5 米处返回 3.62% 的铜。 注意到一些次要金价在短时间内高达0.25 g/t的黄金,而M2区域的铜价则更高。*
与 M1 和 M2 区域相关的强力水平回路电磁 (HLEM) 导体和重合脉冲电磁导体未经测试,沿着 ML9601 孔 M1 和 M2 截距以南走向 200 米。没有进行过大量的深度钻探,仅对这些区域进行了评估,直径约为 120 米,也没有进行过井下地球物理学研究。此外,WNE索赔中还有许多其他未经测试的新兴市场异常。*
WNE声称的矿化为Mink的沃伦项目提供了一个新的基本金属矿化地质环境。历史钻探记录表明,由半块状硫化物和纵梁硫化物区组成的矿化区间位于一组层层状的变质长英质和铁质火山岩中,这表明存在新的火山成因块状硫化物(VMS)环境。蒂明斯矿业营地拥有许多重要的VMS矿床,包括嘉能可的基德矿。
该公司打算申请井下地球物理测量以及一系列金刚石钻孔的勘探许可证。
* References: Resident Geologist Office Timmins Ontario: Morgain Minerals Drill Logs (K. Lapierre, 1996) and Geophysical Report for Morgain Minerals on the Massey Project, Massey and Whitesides Township, Porcupine Mining Division, Northeastern Ontario. (Grant, J. 1996)
* 参考资料:安大略省蒂明斯常驻地质学家办公室:摩根矿业钻探日志(K. Lapierre,1996年)和摩根矿业关于梅西项目的地球物理报告,梅西和怀特塞德斯镇,豪猪矿业部,安大略省东北部。(格兰特,J. 1996)
Qualified Person:
合格人员:
Mr. Kevin Filo, P.Geo. (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.
凯文·菲洛先生,P.Geo(安大略省)是国家仪器43-101所指的合格人士。Filo 先生批准了本新闻稿中披露的技术数据。
About Mink Ventures Corporation:
关于 Mink Ventures 公司:
Mink Ventures Corporation (TSXV: MINK) is a Canadian mineral exploration company exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins, Ontario area. Mink's flagship Montcalm Project covers 40 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 (Ontario Geological Survey, Atkinson, 2010). Its Warren Ni Cu Co Project, which covers 1,130 hectares is located 35 km away. Both projects have excellent access and infrastructure with an all-weather access road and power as well as its proximity to the skilled labour and facilities of the Timmins Mining Camp. The Company has 18,810,534 shares outstanding.
Mink Ventures Corporation(多伦多证券交易所股票代码:MINK)是一家加拿大矿产勘探公司,在其位于安大略省蒂明斯地区的沃伦和蒙特卡姆项目中勘探关键矿产(镍、铜、钴)。Mink 的旗舰 Montcalm 项目覆盖 40 公里2 毗邻嘉能可的前蒙特卡姆矿,该矿的历史产量为393万吨,镍品位为1.25%,铜品位为0.67%,钴品位为0.051%(安大略省地质调查局,阿特金森,2010年)。其占地1,130公顷的沃伦镍铜公司项目位于35公里外。这两个项目都拥有良好的交通和基础设施,道路和电力可以全天候通行,而且靠近蒂明斯采矿营地的熟练劳动力和设施。该公司有 18,810,534 已发行股份。
For further information about Mink Ventures Corporation please contact: Natasha Dixon, President & CEO, T: 250-882-5620 E: ndixon@minkventures.com or Kevin Filo, Director, T: 705-266-6818 or visit .
有关Mink Ventures Corporation的更多信息,请联系:总裁兼首席执行官娜塔莎·迪克森,电话:250-882-5620 E:ndixon@minkventures.com 或董事凯文·菲洛,电话:705-266-6818 或访问。
Forward Looking Statements
前瞻性陈述
This press release includes certain "forward-looking information", including, but not limited to, statements with respect to the Warren Project, the exploration work required to exercise the option, and the prospectivity of the Warren Project and the Montcalm Project. 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 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. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Mink's filings with Canadian securities regulators available on SEDAR+. These forward-looking statements are made as of the date hereof and Mink disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
本新闻稿包含某些 “前瞻性信息”,包括但不限于有关沃伦项目、行使期权所需的勘探工作以及沃伦项目和蒙特卡姆项目前景的声明。前瞻性陈述涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致Mink的实际业绩、业绩或成就与前瞻性陈述所表达或暗示的任何未来业绩、业绩或成就存在重大差异。可能影响结果的因素包括:未来的价格和金属供应;勘探工作的结果;无法筹集必要的资金来支付保留和推进沃伦项目和蒙特卡姆项目所需的支出;环境负债(已知和未知);一般业务、经济、竞争、政治和社会的不确定性;采矿业的事故、劳资纠纷和其他风险;政治不稳定或延迟获得政府和证券交易所的批准。要更详细地讨论可能导致实际业绩与此类前瞻性陈述所表达或暗示的结果存在重大差异的风险和其他因素,请参阅Sedar+上Mink向加拿大证券监管机构提交的文件。这些前瞻性陈述自本文发布之日起作出,除非适用的证券法要求,否则Mink不打算或义务公开更新任何前瞻性陈述,无论是由于新信息、未来事件或业绩还是其他原因。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or ac curacy of this release.
多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所风险交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。