African Energy Metals Inc. has finalized a definitive agreement with Voyageur Mineral Explorers Corp. to secure full ownership of the Mink Narrows Group high-grade polymetallic copper VMS project in Manitoba’s renowned Flin Flon mining camp. This strategic move, valued at $250,000 in cash and 1,100,000 common shares, marks a pivotal step in African Energy Metals’ ambition to establish a leading position in the metals sector within Manitoba, a region celebrated for its mining heritage and resources.
The Mink Narrows Project, historically explored by Falconbridge Ltd. and HudBay Minerals Inc., has seen extensive exploration activities, including over 15,000 meters of drilling and numerous geophysical programs. It hosts a polymetallic copper deposit featuring copper, zinc, nickel, gold, silver, and cobalt across 54 claims within a 72.4 km^2 area. Despite historical data indicating average grades of 1.5% copper and 0.5% zinc, with significant depth and strike potential, the current resource is not compliant with modern standards and requires further exploration to confirm and expand.
Strategically located 25 km southeast of Flin Flon, Manitoba, the project benefits from robust infrastructure, including proximity to roads, power lines, rail, and the Flin Flon airport, which enhances its development prospects. The region’s historical significance as a mining hub and its existing infrastructure investments present a conducive environment for rapid project advancement.
The transaction not only transforms African Energy Metals into a notable exploration entity in the region but also offers vast growth potential. The Copper Reef copper-zinc deposit, in particular, shows promise for expansion and the exploration of additional deposits along its strike based on existing geophysical data.
Located within the Flin Flon belt, one of the world’s largest Proterozoic volcanic-hosted massive sulphide districts, the project’s geological setting is akin to other significant deposits in the region, hinting at its polymetallic growth potential. 
