{"id":43066,"date":"2024-02-06T09:36:12","date_gmt":"2024-02-06T09:36:12","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=43066"},"modified":"2024-02-09T15:14:15","modified_gmt":"2024-02-09T15:14:15","slug":"a-strategic-canadian-battery-metals-opportunity","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/a-strategic-canadian-battery-metals-opportunity\/43066\/","title":{"rendered":"A strategic Canadian battery metals opportunity"},"content":{"rendered":"

Mink\u2019s drilling and exploration for battery metals nickel, copper, and cobalt, in Ontario, continues with compelling projects in the emerging Timmins Nickel District, an area currently attracting global interest.<\/h2>\n

Mink Ventures Corporation (TSXV:MINK)<\/a> is a Canadian mineral exploration company exploring for battery metals (nickel<\/a>, copper, cobalt) at its Warren<\/a> and Montcalm<\/a> projects in the Timmins Nickel District, Ontario, Canada.<\/p>\n

Mink\u2019s flagship Montcalm project covers 40km\u00b2 adjacent to Glencore\u2019s 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 project is located just 35km away.<\/p>\n

These projects sit on the western edge of the Porcupine Camp and approximately 50km southwest of Canada Nickel\u2019s Crawford project, which has attracted significant investment and attention recently by major mining companies and battery manufacturers seeking opportunity and a secure Canadian supply of these battery metals.<\/p>\n

Both of Mink\u2019s polymetallic critical minerals<\/a> projects are ideally situated with low geopolitical risk factors. Ontario is a top-ranking Canadian mining jurisdiction. The province is mineral-rich, with a wide range of deposits that significantly contribute to the economy and the local communities.<\/p>\n

Polymetallic deposits typically offer better value per ton, especially when located in established mining camps with existing infrastructure. Access and infrastructure to Mink\u2019s projects are exceptional. Plentiful green hydropower and all-weather roads run adjacent to Mink\u2019s projects, as well as mining infrastructure in the long-established Timmins Mining Camp.<\/p>\n

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Fig. 1: Detailed location map<\/figcaption><\/figure>\n

Further, a straightforward permitting process for both of Mink\u2019s projects adds tremendous value to the equation and provides for highly cost-effective exploration due to the availability of drills, crews, skilled labour force, equipment, and lower mobilisation costs. In Mink\u2019s case, there are significant efficiencies in logistics to move between its two projects, located only 35km apart along the same Montcalm Mine Road.<\/p>\n

This article is focused on the Warren nickel-copper-cobalt project, as Mink is initiating a 500m drill programme on the A Zone at Warren. The Warren property covers 1,010 hectares of land in the Whitesides Township, approximately 35km west of Timmins, Ontario. (See Fig. 1) The first phase of drilling will consist of a series of short holes on the A Zone to determine the extent of the mineralisation down plunge, down dip, and along strike before evaluating the other mineralised zones and numerous untested priority geophysical targets on the property.<\/p>\n

The A Zone (See Fig. 2) was selected as a high-priority target for drill testing as a result of an extensive geological review of data, a field examination, and a confirmation sampling programme conducted in summer 2023 by company geologists.<\/p>\n

In July 2023, Mink acquired these underexplored patented mining claims. The Warren patents have had a sporadic exploration history from the late 1920s to the present, and several promising historical mineralised Cu Ni zones were outlined. The majority of the battery metals exploration completed on the property to date is in an area representing a very minimal portion of the property, and was completed well over 60 years ago as the patents were locked up and relatively untouched.<\/p>\n

With the favourable geology, recent geophysics, and extensive surface mineralisation observed, there is a significant opportunity for new discoveries on the patents and across the expanded Warren project, including additional staked claims (Warren East) and acquired claims (Warren North). Mink\u2019s work commitment to earn a 100% interest in the patents is $300,000. The company will make a significant dent in that obligation with this initial drill programme, which is expected to last two to three weeks. Mink has been fortunate to receive exploration grants through Ontario\u2019s OJEP programme, and as such, half of this initial drill programme will be offset with the non-dilutive capital provided.<\/p>\n

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Fig. 2: Trench location map<\/figcaption><\/figure>\n

Property highlights<\/h3>\n