Overview

Mink’s Warren Project consists of series of contiguous patented claims and claim cell groups designated separately as Warren Patents, Warren East, Warren North and Warren Northeast (NE). The Warren Project is located in Whitesides Township approximately 35 road km west of the City of Timmins. The entire project holdings cover approximately 1,130 hectares of prospective geology.

Mink has the option to earn 100% interest in the Warren Patents subject to a 1% NSR and all other claims are 100% controlled by Mink. Mink purchased a 0.5% NSR on the Warren Patents from a prospector. The recently acquired Warren NE claims are also subject to a 2% NSR. (See Location Map & Warren Project Holdings.)

Terms of Warren Patent Option

PROJECT HIGHLIGHTS

• The Warren Project is drill ready. Mink’s geologists have completed an in-depth study of all available historical data and recent geophysical survey data. Some ongoing prospecting and ground truthing will continue in 2024 in order to prioritize the numerous targets for a second phase of drilling.
• The Warren Project complements Mink’s key Montcalm project due to the distinctly similar, prospective geological environments with potential to host magmatic nickel copper sulphide deposits similar to the Montcalm Mine.
• Phase 1 drilling on the A zone demonstrated broad zones of low-grade Ni and Cu along with a semi-massive sulphide intercept which returned 0.48% Ni, 0.12% Cu and 0.07% Co. (See Warren 2024 DDH Plan & Drill Section 1.)
• Three distinct mineralized copper nickel zones have been identified and are designated Zones A, B, and C outlined by both surface exploration and diamond drilling; most of the historical work was focused mainly on Zones A and B.
• Historical work in the mid 1950’s included two B-Zone bulk samples by Maralgo Mines Ltd. Bulk Sample 1 returned 0.21% Cu, 0.96% Ni, 0.11% Co and 0.10% Zn, and Bulk Sample 2 returned 2.83% Cu, 0.58% Ni, 0.10 Co and 0.13 Zn.
• Geophysical data from magnetics, horizontal loop EM (HLEM) and induced polarization (IP) suggest a potential strike length of A and B Zones of approximately 800 meters. (See Compilation Map Magnetics & IP.)
• Limited exploration has been conducted on the C Zone. More recent analysis suggests the C Zone could be more properly identified as the “C Zone Trend” subject to ground truthing to commence in early 2024. There are a series of occurrences along a geophysical trend stretching for approximately 1.5 kilometers to support this concept. The occurrences are denoted as C Zone Shaft, SW Zone and D Zone. Significant Ni and Cu mineralization are associated with these occurrences as shown in the accompanying compilation map and table. (See Compilation Map for Ni Cu Occurrences, HLEM & IP and Mineralized Occurrences Table.)
• The recent Warren NE acquisition hosts two underexplored zones of copper mineralization in a volcanogenic massive sulphide (VMS) environment. This is a very different geological setting than the magmatic sulphide environment known to most of the nickel copper occurrences on the Warren Project. The Timmins mining camp hosts a number of VMS deposits including Glencore’s Kidd Mine. A shallow drill hole on the Warren NE intersected a VMS environment with two mineralized zones designated the M1 and M2 Zones. The M1 Zone returned 0.174% Cu over 13 meters (including 0.36% Cu over 3.05 m.) and the M2 Zone returned 0.84% Cu over 4.3 meters (including 1.2% Cu over 2.4 m. and 3.62% Cu over 0.5 m.)

References: Technical Report for Western Troy Capital Resources on the Warren Property (W. Hawkins P. Eng, 2021) and Maxmin, Magnetometer and VLF Surveys Evaluation Report, Whitesides and Massey Twp. Claims (C. Mackenzie Consulting Geologist, 1990) and Morgain Minerals Drill Logs (K. Lapierre, 1996)

PROJECT GEOLOGY

• The Warren property is hosted within the Kamiskotia Gabbro Complex (KGC) and it is thought to be broadly equivalent to the Montcalm Gabbro Complex (MGC) but separated by a granitic arch. The MGC hosts the former Montcalm Mine which produced approximately 3.93 million tonnes grading 1.25% Ni, 0.67% Cu and 0.05% Co (OGS, Atkinson, B., 2010) (See maps).
• Gabbro complexes such as MGC and KGC are known to be prospective for magmatic nickel copper sulphide deposition as demonstrated by the Montcalm Mine located within the MGC. The Warren Project complements Mink’s Montcalm property due to the distinctly similar prospective geological environments found in the MGC and the KGC, as well as the presence of significant Cu Ni zones on the Warren Project.
• The Warren NE geology suggests the presence a volcanic inlier present within the KGC and the extent of this package is unknown as it is not noted on government maps. Limited drill hole data notes the presence of an altered intercalated sequence of felsic and mafic lithology which hosts the stringer and semi-massive sulphide mineralization typical of a VMS environment.