Mink Ventures Corporation announced an exploration progress update from its 40 km2 Montcalm nickel copper cobalt project, located adjacent to Glencore's historical Montcalm Mine, 65 km northwest of Timmins, Ontario. The Montcalm Mine had historical production of approximately 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co. (Ontario Geological Survey, Atkinson, 2010). In just over two weeks since beginning its exploration program, the Company has completed the following at its Montcalm Project. Significant advances in IP geophysical technology have enabled deeper penetrating systems with incredible clarity. The new IP systems allow for the production of 3D geophysical models of mineralized zones. Mink is benefitting from the work of previous operators who left numerous EM targets unexplained or untested in historical holes; these holes can now be probed with the new borehole IP technology. Borehole IP systems now have the capability to see a 250 meters radius around a bore hole and significantly below the end of the drill hole, which is an extremely cost-effective way of evaluating both
disseminated and more massive targets at depth. The deepest known Ni Cu Co lenses at the Montcalm Mine are known to extend from approximately 250 to 400 meters vertical depth, which is well beyond the capability of many older surface EM systems. Further, historical work at the Glencore mine site demonstrated that in addition to the higher-grade Ni Cu Co lenses, there is potential for disseminated mineralization. In some instances, this type of
mineralization is associated with a magnetic high and no coincident electromagnetic (EM) response (ex. Hole MAC9731 see Fig.2). Numerous magnetic targets of this nature are present on Mink's claims both within the Hook Zone and across the southern portion of the property representing valid exploration targets. Mink's claims cover very prospective geology including approximately 10 square km of the gabbro phase of the Montcalm gabbro complex. The gabbro phase of the complex hosted the former Montcalm mine. Mink's project has excellent access and infrastructure including an all-weather road to the property, a series of logging roads throughout, as well as a power line, and proximity
to the Timmins Mining Camp, enabling cost-effective mobilization and exploration. The Company has 14,928,257 shares outstanding. 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.