Inventus Mining Corp: A Glimpse into Recent Gains
TORONTO – Inventus Mining Corp. (TSXV: IVS), a prominent player in the mining industry, is thrilled to share the latest findings from its grade-control drilling efforts at the Trench 1 North Bulk Sample Site within the Pardo Gold Project. This project, 100% owned by Inventus, is a remarkable jade of opportunity positioned northeast of Sudbury and stands out as a significant part of their portfolio.
Latest Highlights
The results from the Trench 1 North Bulk Sample Site have exceeded expectations, demonstrating a weighted average grade of 4.00 grams per tonne (gpt) gold over an average thickness of 1.50 metres across 28 grade-control drill holes. This drilling campaign signifies a step forward, with plans in motion to extract 10,000 tonnes of material for further evaluation.
Noteworthy drill intercepts from this site revealed impressive grades, including:
- 12.61 gpt gold over 1.68 metres
- 13.88 gpt gold over 1.20 metres
- 10.54 gpt gold over 1.55 metres
- 11.53 gpt gold over 1.20 metres
- 9.38 gpt gold over 1.63 metres
- 6.53 gpt gold over 1.50 metres
- 5.75 gpt gold over 1.66 metres
Bulk Sampling Update
As part of the ongoing bulk sampling project, a total of 14,909 tonnes from two bulk samples have been successfully delivered to McEwen's Stock Mill for processing. Among these, the 007 North bulk sample, which features a drilled weighted average grade of 3.84 gpt gold and a thickness of 1.82 metres, was fully delivered with processing expected shortly. Furthermore, the Trench 1 Bulk Sample contributes an additional 10,093 tonnes which is set for processing in November.
Drilling Campaign Insights
In-depth grade-control drilling at Trench 1 North included 52 shallow holes, strategically placed to delineate the flat-lying gold mineralization, which is critical for the current bulk sampling plans. The assay results are confirming the validity of the mineralization sources identified. By focusing on 7.5 metre centres, the intended extraction of approximately 10,000 tonnes is being realized, ensuring efficient sampling for further analysis.
Processing and Future Expectations
The bulk samples delivered to the processing mill are optimistic, with processing set to commence soon for both the 007 North and Trench 1 samples. These crucial steps not only advance the company’s objectives but also underline the rich potential of the Pardo Gold Project.
Looking Ahead to 2024
Wesley Whymark, President and Head of Exploration at Inventus, shared insight into these promising developments. He noted, “The Trench 1 North results validate the presence of a high-grade, near-surface gold system at Pardo. As the gold prices continue to rise, we're positioned for an exciting phase. The results from our bulk sampling efforts will prove essential in demonstrating both the economic feasibility of surface mining here at Pardo and the enormous potential for a future low-cost scalable mining operation.”
About Inventus Mining Corp.
Inventus Mining Corp is a mineral exploration and development company specializing in the Sudbury mining district of Ontario. The company proudly holds a 100% interest in pivotal assets like the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, affirming its leading role in North America's evolving mining landscape. Inventus currently has around 205 million common shares outstanding.
Contact Information
For additional details or inquiries, reach out to:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
Email: wesley@inventusmining.com
Phone: 705-822-3005
Frequently Asked Questions
What is the significance of the drilling results from the Pardo Gold Project?
The recent drilling results indicated significant gold grades that validate the potential for substantial mineralization in the project area.
How does the bulk sampling process work at Inventus?
Bulk sampling involves extracting large quantities of material for processing and evaluation, providing insights into the economic viability of mining operations.
What are the future plans for the Pardo Gold Project?
Inventus aims to advance mining operations while closely monitoring gold market trends and preparing for large-scale extraction and processing.
What role does McEwen's Stock Mill play in the sampling process?
McEwen’s Stock Mill processes the gold samples extracted from the Pardo Gold Project, which plays a crucial role in assessing the potential profitability of the mining operation.
Who is the Qualified Person overseeing the technical aspects of the project?
Wesley Whymark, the President and Head of Exploration at Inventus, is responsible for ensuring the technical accuracy of the information and results disclosed.
