- Mink Ventures (TSXV:MINK) has acquired 100 per cent interest in six mining claims adjacent to its Warren North claims in Ontario
- The total consideration for the six claims is a 2 per cent net smelter return royalty granted in favour of STLLR Gold Inc.
- Mink Ventures will retain the right to a buy-back of 1 per cent NSR for C$1 million
- Shares of Mink Ventures are up 9.52 per cent to C$0.115 as of 11:10 am ET
Mink Ventures (TSXV:MINK) has acquired 100 per cent interest in six mining claims adjacent to its Warren North claims in Ontario.
In a news release, the Toronto-based company stated the total consideration for the six claims is a 2 per cent net smelter return royalty (NSR) granted in favour of STLLR Gold Inc.
The company also stated it will retain the right to a buy-back of 1 per cent NSR for C$1 million.
Highlights of the claims include:
- The Warren Northeast claims represent a non-dilutive, strategic addition to Mink’s Warren Property holdings.
- The claims are host to two significant copper zones with historical drill hole ML9601.
- A strong, horizontal loop electromagnetic conductor and coincident pulse EM conductor associated with the M1 and M2 zones is untested for 200 metres along strike to the south of the M1 and M2 intercepts in hole ML9601.
Mink Ventures also plans to file exploration permit applications for down hole geophysical surveying as well as for a series of diamond drill holes.
Mink Ventures is a Canadian mineral exploration company exploring for critical minerals at its Warren and Montcalm projects in the Timmins, Ontario, area.
Shares of Mink Ventures Corp. (TSXV:MINK) are up 9.52 per cent to C$0.115 as of 11:10 am ET.
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