Rankin
The Rankin property is comprised of four (4) cell claim units covering approximately 86 hectares spanning both Massey and Turnbull Townships. The Rankin property is located west of Timmins, Ontario approximately 6.5 kilometers to the northeast of Mink’s Warren property within the Kam Kotia gabbro complex which is highly prospective for Ni,Cu, Co.
The Rankin property hosts two high priority VTEM Maxwell Plate targets associated with a coincident gravity high. These conductive anomalies warrant drill testing for potential Ni, Cu, Co mineralization. The property is drill ready and permitted. Recent work by Mink on similar targets at Warren has shown that targeting of VTEM Maxwell Plates can be an effective technique for evaluating sulphide bearing conductors that have the potential to host nickel copper cobalt mineralization.
Access to the Rankin property is excellent with easy summer and winter access along an established logging road.
The Company may acquire a 100% interest in the Rankin claims by making the cash payments and share issuances to the Optionor detailed in the table below, and by granting the Optionor a 2% NSR with respect to the claims, with Mink retaining the right to buy back 1% of the NSR for $1,000,000.
| Payment | Due Date | Cash | Shares |
| (a) | Within five (5) Business Days of the Effective Date | $15,000 | 225,000 common shares |
| (b) | On or before the first anniversary of the Effective Date | $30,000 | 325,000 common shares |
| (c) | On or before the second anniversary of the Effective Date | $45,000 | 500,000 common shares |
| (d) | On or before the third anniversary of the Effective Date | $85,000 | 700,000 common shares |
| Total | $175,000 | 1,750,000 common shares |
MAPS:
Rankin Project – VTEM
Rankin Project – Gravity Map