Inventus Mining Corp. Hits 3.84 gpt Gold at Pardo's Site
Outstanding Drilling Results from Inventus Mining
Inventus Mining Corp. (TSX-V: IVS) has announced remarkable findings from its initial bulk sampling site at the Pardo Gold Project, reaffirming its position within the mining industry. Drilling at the 007 North location has successfully outlined approximately 5,000 tonnes of material, revealing an average gold grade of 3.84 grams per tonne (gpt) over a thickness of 1.82 metres.
Highlighting Notable Drill Intercepts
The recent drilling program resulted in notable intercepts that showcased high-grade gold mineralization. Some of the standout results include:
- 12.92 gpt gold over 1.49 metres
- 9.76 gpt gold over 1.76 metres
- 6.85 gpt gold over 2.41 metres
- 5.19 gpt gold over 2.28 metres
- 6.69 gpt gold over 1.60 metres
- 5.31 gpt gold over 1.89 metres
These intercepts demonstrate the substantial potential of the site, exceeding the company's initial expectations and assumptions regarding the grade of gold.
Completion of the Grade Control Drilling Program
The grade control drilling initiative aimed at defining around 15,000 tonnes of a planned 45,000-tonne bulk sample program is complete. A total of 68 drill holes were executed, with 33 of those occurring at the 007 North site, successfully identifying approximately 5,000 tonnes of gold-bearing material. The program started earlier in May and produced impressive results, thereby increasing confidence in the project's potential moving forward.
Future Plans for the Pardo Project
Company President and Exploration Head Wesley Whymark expressed enthusiasm over the recent assay results. He stated, “These promising results validate our confidence in the Pardo Gold Project and its high-grade, near-surface potential. With this newfound assurance, we are eager to embark on the next phase of the exploration program.”
As part of the upcoming steps, Inventus plans to finalize a milling agreement while preparing for the extraction of the first 5,000 tonnes of gold-bearing ore. This phase will also include initiating Phase 2 resource drilling and additional grade control drilling, focusing on defining the remaining tonnage of the bulk sample program.
Company Overview
Inventus Mining Corp. is devoted to mineral exploration and development, showcasing a distinctive focus on the renowned mining district of Sudbury, Ontario. Its primary assets encompass a 100% stake in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project. Notably, the Pardo Project stands as the first major paleoplacer gold discovery found in North America, boasting approximately 203 million common shares outstanding.
Contact Information
For more information about Inventus Mining and its strategic plans, please visit their website or reach out directly:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
E-mail: wesley@inventusmining.com
Phone: 705-822-3005
Frequently Asked Questions
What is the gold grade reported by Inventus Mining?
Inventus Mining reported an average grade of 3.84 grams per tonne (gpt) gold over a thickness of 1.82 metres from their 007 North site.
How many tonnes of material were outlined in the drilling program?
The drilling program outlined approximately 5,000 tonnes of material at the 007 North site.
What is the next phase for the Pardo Gold Project?
The next phase includes finalizing a milling agreement, initiating extraction of the first 5,000 tonnes, and conducting further resource drilling to determine additional tonnage.
What significant findings came from the drilling program?
Significant drill intercepts included exceptionally high gold grades, with notable results such as 12.92 gpt gold over 1.49 metres.
Who is the contact person for more information at Inventus Mining?
The contact person is Mr. Wesley Whymark, President and Head of Exploration, who can be reached via email or at the company's phone number provided.
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