Nickel

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that it has entered into a Letter of Intent dated June 27, 2022 ("LOI") with Voltage Metals Corp. (CSE: VOLT) ("Voltage") with respect to an option to acquire an 80% interest in the Montcalm Ni-Cu-Co project (the "Transaction") which covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure.

Terms of the Option:

Pursuant to the terms of the LOI, and subject to entering into a definitive agreement (the "Transaction Agreement"), Mink will have the exclusive option to acquire an 80% interest in the Montcalm project from Voltage by making the following cash payments, share issuances and minimum work expenditures:

Part 1:

  • Pay $25,000 to Voltage on or before the date of completion of the Qualifying Transaction (the "Effective Date");
  • Issue 800,000 common shares in the capital of Mink to Voltage on or immediately prior to the Effective Date;
  • Incur a minimum of $300,000 in work expenditures on the Property on or before April 10, 2023

Part 2:

  • Pay $25,000 to Voltage on or before the first anniversary of the Effective Date;
  • Issue 800,000 common shares in the capital of Mink to Voltage on or before the first anniversary of the Effective Date; and
  • Incur a minimum of $300,000 in work expenditures on the Property on or before April 10, 2024.

Mink may accelerate and carry forward any of the cash payments or work expenditures. Upon full exercise of the option, Mink shall assume responsibility for payment of the aggregate 1.25% net smelter returns royalty to the extent of its relative ownership interest in the Montcalm project.

Mink proposes to complete a private placement raising not less than $1,000,000 (the "Private Placement") to fund the phase one work program on the Montcalm project and general and administrative operating expenses. Mink does not plan to make any changes to its board of directors in connection with the Transaction.

The Transaction, when completed, may be considered to be Mink's Qualifying Transaction for the purposes of the TSX Venture Exchange Inc. (the "Exchange"). The Company has requested its common shares to be halted by the Exchange pending review of the materials for the Transaction. Trading in the common shares of the Company is expected to remain halted until the closing or termination of the Transaction.

Mink, a capital pool company within the meanings of the policies of the Exchange, does not have any operations and has no assets other than cash. Mink's business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the policies of the Exchange.

Completion of the Transaction is subject to a number of conditions, including but not limited to, successful negotiation of the Transaction Agreement, Exchange acceptance, and the completion of the Private Placement. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

This is an initial press release. The Company intends to issue a further press release once it has entered into the Transaction Agreement.

The Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Highlights of the Montcalm Project:

  • 38.8 sq. km claim block adjacent to Montcalm Ni-Cu-Co Mine (historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) with mine host geology (Montcalm Gabbro Complex "MGC") extending on to Mink's property.
  • Mink's holdings cover ~ 66% of the gabbro zone component of the MGC shown in blue in the accompanying Figure 2. The gabbro zone is the primary host of the Montcalm Mine. Other significant features include the megabreccia zone known to host anomalous nickel and copper mineralization designated Unit 4 in Figure 2.
  • There are a number of drill ready targets to be tested.
  • Some of the higher priority VTEM targets and ground IP targets that remain to be tested are within or proximal to a prospective target area designated the "Hook Zone" located within the gabbro zone of MGC.
  • A large portion of the southern section of the property has not been tested with airborne VTEM, which is capable of detecting deeper conductive zones between 350-400 meters below surface, well beyond the +- 200-meter capability of historical surveys. Known deposits at the adjacent mine were present well below the 200-meter elevation.

Future Exploration Plans which are subject to the completion and recommendations of an NI 43-101 report, which is currently underway, include:

  • An airborne VTEM survey and airborne gravity survey in the southern part of the property to complement existing surveys;
  • Maxwell Plate analysis of all VTEM data;
  • Further ground induced polarization (IP) surveys over priority Hook Target VTEM anomalies and magnetic anomalies;
  • Ground prospecting and sampling;
  • Secure permits for a diamond drill program

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.

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Figure 1. Property Location

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Figure 2

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About Mink Ventures Corporation:

Mink Ventures Corporation is a Capital Pool Company (CPC) that is focused on identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction (QT). The Company has 8,367,500 shares outstanding.

About Voltage Metals Corp:

Voltage is a mineral exploration company with a highly experienced team focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland. The Company looks to create shareholder value by aggregating and exploring projects that possess sound geology and brand-new discovery potential. Voltage has a deep roster of management and key stakeholders, who are expert in the essential resource trifecta of exploration, operations and finance.

For further information about Mink Ventures Corporation please visit www.minkventures.com or contact Natasha Dixon, President & CEO, T: 250-882-5620 E ndixon@minkventures.com

Forward Looking Statements

This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future business and operations of Mink. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, general business, economic, competitive, political and social uncertainties; and the delay or failure to receive applicable Board or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. 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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129344

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Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

Terms of the Definitive Agreement:

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Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

Terms of the Definitive Agreement:

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VOLTAGE COMPLETES DRILL PROGRAM at the ST. LAURENT Ni-Cu PROJECT and FLIES AIRBORNE VTEM SURVEY over the JERRY LAKE PROPERTY

VOLTAGE COMPLETES DRILL PROGRAM at the ST. LAURENT Ni-Cu PROJECT and FLIES AIRBORNE VTEM SURVEY over the JERRY LAKE PROPERTY

Voltage Metals Corp., ("Voltage" or the "Company") (CSE: VOLT) (OTC: VLTMF) is pleased to announce that it has completed a diamond drill program at the Company's 100% owned St. Laurent Nickel-Copper-Cobalt Project, located 160 km northeast of Timmins, Ontario . The drilling consisted of 2,460 metres in seven holes, with downhole geophysical surveys completed on six of the seven holes.  A total of 570 samples, representing 800 metres of core were split for analysis.  All samples have been shipped to the lab, with results expected periodically over the next eight weeks.

Voltage.Logo (CNW Group/Voltage Metals Corp.)

The St. Laurent Project has received minimal exploration activity since the initial work in the mid 1960's when nickel-copper mineralization was first identified in a limited number of shallow drill holes. Subsequent airborne geophysical surveys defined a strong electromagnetic (EM) anomaly with an associated bullseye magnetic response, both of which are coincident with the reported disseminated mineralized zone. Diamond drilling in 2008 and 2019 identified geological characteristics indicative of gabbro breccia/conduit hosted nickel mineralization similar to the Lynn Lake Deposit (28.4 million tons @ 0.91% Ni, 0.49% Cu) the Kenbridge deposit (7.5 million tonnes @ 0.58% Ni, 0.32% Cu), and the Montcalm Deposit (3.9 million tonnes @ 1.3% Ni, 0.67% Cu, 0.05 Co).

The recently completed drill program followed up on the results of the 2019 diamond drilling, where the highest nickel grades on the project were intersected with three separate intervals of >1.0% Ni, as well as the widest intersection ( 113.4 m ) of lower grade nickel mineralization, Table 1 . Nickel assays in conjunction with the associated sulphur results indicate a high nickel tenor 1 of 5% Ni for massive sulphides (35% S) in the magmatic system.  Two priority Borehole EM anomalies from the 2019 program and a deeper Heligeotem II Anomaly modelled from a 2007 Survey were also targeted in this drill program.

Table 1 – St. Laurent Diamond Drill Assay Results 2019

DDH
#

Year

From
m

To m

Width
m*

Ni %

Cu
%

Co
ppm

Au
ppb

Pt
ppb

Pd
ppb

S %

SL-19-01

2019

238.5

248.6

10.1

0.32

0.33

155.4

66.9

23.9

31.8

2.2

SL-19-01

2019

252.4

256.0

3.6

1.10

0.45

503.9

46.0

279.6

84.4

5.1

SL-19-01

2019

256.7

260.9

4.2

1.30

0.47

567.5

690.2

132.9

124.7

5.6

SL-19-01

2019

265.8

270.5

4.7

1.00

0.83

506.0

119.9

243.9

91.4

4.8

SL-19-03

2019

328.0

441.4

113.4

0.22

0.17

139.4

16.3

23.7

20.5

3.4

*Reported width represents core measurements as insufficient information available to determine true thickness.

Bob Bresee , CEO of Voltage stated "The St. Laurent Project represents a previously unrecognized Ni-Sulphide system with very limited past exploration work.  As we receive the borehole and assay results over the next while we are reminded that the Ontario Government recently announced ( March 17, 2022 ), a Critical Minerals Strategy for the coming 5 year period to focus on exploration and development of Ni, Cu, Co, Pt, Pd, the very metals specifically contained within the St. Laurent project. We look forward to reporting on the assay and geophysical results in the coming weeks."

Jerry Lake Property

A 285-line km Geotech VTEM survey has been completed on the Jerry Lake Project, situated 57 km northwest of the St. Laurent Project. The Jerry Lake gabbro represents the only sizeable gabbro body within the Burntbush Assemblage outside of the St. Laurent Gabbro. The Jerry Lake property has never been evaluated with an airborne EM survey, nor has any ground-based exploration been conducted. A well-defined glacial dispersal fan 2 of chalcopyrite and nickel suggests the unrecognized Ni-sulphide potential of the Jerry Lake Gabbro. CEO Bob Bresee commented "Jerry Lake is a very good opportunity for Voltage to evaluate an unexplored target with exploration features similar to our Montcalm and St. Laurent Projects. We expect to report the VTEM survey results over the next few weeks."

Voltage is a mineral exploration company with a highly experienced team focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland . The Company looks to create shareholder value by aggregating and exploring projects that display sound geology and brand-new discovery potential. Voltage has a deep roster of management and key stakeholders, who are expert in the essential resource trifecta of exploration, operations and finance.

Qualified Person:

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast , P.Geo., a Qualified Person as defined by NI 43-101.

References:

  1. Nickel Tenor is a common practice in magmatic nickel-copper exploration where the nickel vs S ratio is extrapolated to 100% sulphides (35% S), to estimate the grade of massive sulphide.  Nickel tenor does not provide certainty that massive sulphides will be discovered.
  2. Gao, C. 2015 Results of regional till sampling in the Detour and Burntbush area, northern Ontario ; Ontario Geological Survey,Open File Report 6297, 120p.
Forward Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Voltage Metals Corp.

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 Voltage Metals Corp. (CSE: VOLT) (OTC: VLTMF) (the "Company" or "Voltage") is pleased to provide this update on the Company's 100% owned Wheeler Project in Newfoundland .

The Wheeler property ("Wheeler") is situated on the west coast of Newfoundland , 25 kilometres north of the deep-water port town of Stephenville . The property covers the southern extent of the Bay of Islands ophiolite complex and is composed of mafic and ultramafic assemblages dominated by gabbros, pyroxenites and peridotites. The target on the Wheeler property is magmatic Ni-Cu-PGE (plus Co-Cr) mineralization hosted within a mafic intrusion, similar to Norilsk in Russia , Lynn Lake and Namew Lake in Manitoba , Nkomati in South Africa , and Voisey's Bay in the province of Newfoundland and Labrador .

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Stillwater Critical Minerals, Wednesday, August 17, 2022, Press release picture

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Key Highlights

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FORMER WESTERN COPPER AND GOLD CHAIRMAN DALE CORMAN TO BE INDUCTED INTO THE CANADIAN MINING HALL OF FAME

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Highlights

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Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced assay results at its Deloro property, which confirm the second significant discovery from the Company's newly acquired properties.

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"We were enthused about the recent results of Manibridge's Phase 1 drill program of intersecting wide high-grade nickel interceptions in every hole. These intersections and the visuals from Phase 2's drill core continue to affirm our belief that Manibridge has excellent redevelopment potential. We are very pleased to not only complete this milestone but do so well in advance of the original option agreement time frames," said James Sykes , CEO of Metal Energy.

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Tartisan had previously announced that Knight Piesold Consulting ("KP") and Blue Heron Environmental ("BH") have been retained to carry out these various time sensitive environmental baseline studies (SEDAR). Environmental baseline studies are critical in the permitting and approvals process and overall advancement of the Kenbridge Nickel Project. The Company is taking the necessary steps to advance the Kenbridge Nickel Project with the goal of nickel-copper production in approximately three years.

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