Mink Ventures Corporation (TSXV:MINK) has announced the initiation of a drill contract for its Warren Ni Cu Co project, situated approximately 35 kilometers west of Timmins, Ontario. The company will commence phase 2 of its 2026 exploration program ahead of schedule, focusing on two VTEM targets. A Maxwell Plate study recommended 420 meters of drilling to test for nickel-copper bearing magmatic nickel sulphide. Mobilization is imminent, leading to the termination of the remaining non-brokered private placement announced on May 12, 2026. The private placement had raised gross proceeds of $881,920, as reported in a news release on June 2, 2026.
Drilling Highlights and Targets
The presence of nickel, copper, and cobalt mineralization within a massive sulphide zone during recent 2026 drilling on the A Zone at Warren supports the potential for larger magmatic sulphide zones across the property. In May, Mink acquired new airborne data covering the western portion of the property, where VTEM coverage was previously incomplete. VTEM survey data and Maxwell Plate analysis identified eight new high-priority drill targets that are fully permitted and drill-ready. VTEM can penetrate up to 500 meters, better defining potential massive sulphide mineralization targets similar to the mineralized zone intersected on the A Zone. Recent drilling at A Zone returned 7.1 meters of 0.44% Ni, 0.28% Cu, and 0.06% Co, including a higher-grade intercept of 4 meters of 0.58% Ni, 0.18% Cu, and 0.08% Co.
Additional Claims and Future Plans
The company also announced it has staked an additional 4 square kilometers adjacent to the southern boundary of its 100% owned Gambler claims, which form part of its Montcalm project. Mink's Montcalm project now covers 104 square kilometers, adjacent to Glencore's former Montcalm Ni Cu Co mine, which historically produced 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co (Ontario Geological Survey, Atkinson, 2010). Upon completion of phase 2 drilling at Warren, the company plans to initiate a drill program at its Montcalm Ni Cu Co Project, expected to begin in late August or early September, subject to ground conditions. In mid-December, preparation of the winter access road into the Warren property will begin for phase 3 drilling, which will test three new VTEM targets near historical drill hole ML-1, which returned 0.84% Cu over 4.3 meters.
Qualified Person
Mr. Kevin Filo, P. Geo. (Ontario), a qualified person under National Instrument 43-101, has verified the scientific and technical data in this news release by reviewing drill logs, assay certificates, and VTEM survey data. Mr. Filo approved the technical data disclosed. For detailed QA/QC procedures, sample preparation, and analytical methods, refer to the company's news release dated March 11, 2026. Mr. Filo is an officer and director of the company.
