Inventus Mining Provides Update on the Pardo Gold Project; Phase 1 Drilling Complete, Sampling and Assaying Underway
07 Gennaio 2025 - 1:30PM
Inventus Mining Corp. (TSXV: IVS) (“Inventus” or
the “Company”) is pleased to provide an update on its Phase 1
drilling program for resource estimation purposes at the Pardo Gold
Project located 65 km northeast of Sudbury, Ontario.
Drilling of 80 shallow holes was completed on
December 19th with holes averaging 14 metres deep and totaling
1,120 metres. The Phase 1 drill program commenced in November 2024,
aiming to provide data to support a future mineral resource
estimate on areas of gold mineralization that occur at surface to a
depth of 15 metres where low-cost surface mining could potentially
be used.
A total of 42 holes have been reviewed and
logged to date. Visually, the mineralized reef has an average
thickness of 2 metres with 31 holes (74%) containing strong
mineralization, and 11 holes (26%) containing moderate to poor
mineralization. Currently, 24 holes are at the lab and an
additional 11 holes have been sampled and are ready for shipment.
Initial assay results are expected soon, and final assays are
anticipated in March.
For further information visit
www.inventusmining.com, or contact:
Mr. Wesley WhymarkPresident and Head of ExplorationInventus
Mining Corp.E-mail: wesley@inventusmining.comPhone:
705-822-3005
About Inventus Mining Corp.
Inventus is a mineral exploration and
development company focused on the world-class mining district of
Sudbury, Ontario. Our principal assets are a 100% interest in the
Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral
Project located northeast of Sudbury. Pardo is the first important
paleoplacer gold discovery found in North America. Inventus has
approximately 183 million common shares outstanding.
Qualified Person
The Qualified Person responsible for the
technical content of this news release is Inventus’ President,
Wesley Whymark, P.Geo., who has reviewed and approved the technical
disclosure in this news release on behalf of the Company
Forward-Looking Statements
This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”.
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements
are based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company’s objectives, goals or
future plans, statements, exploration results, potential
mineralization, the estimation of mineral resources, exploration
and mine development plans, timing of the commencement of
operations and estimates of market conditions. Factors that could
cause actual results to differ materially from such forward-looking
information include, but are not limited to the failure to identify
mineral resources, failure to convert estimated mineral resources
to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals, political risks, inability to fulfill the duty to
accommodate First Nations and other indigenous peoples,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, and those risks set
out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Grafico Azioni Inventus Mining (TSXV:IVS)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Inventus Mining (TSXV:IVS)
Storico
Da Gen 2024 a Gen 2025