TORONTO, March 09, 2026 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) ("Mink" or the "Company") today announced that it has completed a single, vertical drill hole (549 meters) at its Montcalm Ni Cu Co project, Timmins Ontario (Figure 1). Mink's Montcalm project, located within the Montcalm Gabbro Complex, is adjacent to Glencore's 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).
The objective of the drill program at Montcalm was to drill test a deep seated, high priority, 3D Borehole Induced Polarization (BHIP) target with coincident airborne VTEM, airborne gravity, and airborne magnetic high responses, located approximately 500 meters below surface (Figure 3). The BHIP target zone shown in Figure 2 is approximately 300 meter (m) in length by 80 m in width. Mink's drill hole intersected the target area at about 500 meters depth. The presence of a diabase dyke cut the target zone at the point of intersection. A diabase dyke is a narrow, linear, late intrusive. It engulfed a small portion of the 300 m by 80 m target area (Figure 3) leaving a significant portion of the target yet to be explained.
Thus, the BHIP target remains untested and still represents a very large viable deep Ni Cu Co target The Company intends to complete a follow up wedge drill hole from the current pilot hole to continue testing the target. Some additional down hole geophysics may be completed in order to better define the extent of the target zone, prior to wedging.
Mink also completed its drill program at its Warren Project in February. A total of eight drill holes were completed on the property to test the A Zone and D Zone nickel copper cobalt occurrences. At this time the Company is still awaiting all assay data to be completed by the lab. Results will be released upon receipt and compilation of all assay data.
Qualified Person:
Mr. Kevin Filo, P. Geo. (Ontario), a qualified person within the meaning of National Instrument 43-101, approved the technical information disclosed in this release and for further information, see Mink press releases at www.minkventures.com. Mr. Filo is a director of the Company.
About Mink Ventures Corporation:
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 Montcalm Project covers 100 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 are drill ready and permitted and have excellent access and infrastructure with an all-weather access road and power as well as proximity to the skilled labour and facilities of the Timmins Mining Camp. The Company has 33,606,719 Common Shares outstanding.
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 www.sedarplus.ca
Figure 1: Location Map
Figure 2: Montcalm (left) Borehole IP Composite Level Plan/Section with Proposed Borehole to 600 m; (right) VTEM Composite Level Plan/Section with Proposed Borehole to 600 m
Figure 3: Montcalm - 3D Borehole IP Resistivity Plan 500 Meter Level (Target Area - White Dashed Line)
Forward Looking Statements
This press release includes certain "forward-looking statements" under applicable Canadian securities legislation, including, but not limited to, statements with respect to proposed exploration plans and the exploration potential of the Company's mineral properties. 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 drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; 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, terrorism, insurrection or war; delays in obtaining governmental approvals; or failure to obtain regulatory 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+ at www.sedarplus.ca.
Although Mink has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Mink disclaims any obligation to update any forward-looking statements, whether due to new information, future events or results or otherwise, except as required by applicable securities laws. 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 accuracy of this release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/4de5e031-c1d1-4bb8-bd40-8bd12b3e9e83
https://www.globenewswire.com/NewsRoom/AttachmentNg/3e134499-55da-4fb7-86fb-d13d8c1ceef5
https://www.globenewswire.com/NewsRoom/AttachmentNg/32207bee-5c54-4e50-895c-64d06380fb91
