Inventus Mining Reports Exciting Gold Findings
Inventus Mining Corp. (TSXV: IVS) celebrates a significant milestone with the release of the final assays from the grade-control drilling program at the Trench 1 Bulk Sample Site. This operation, part of the entirely owned Pardo Gold Project, has unveiled compelling results that should excite investors and enthusiasts alike.
Key Findings from Trench 1 Drilling Program
Recent drilling has highlighted impressive ore grades, with assay results showing a remarkable average of 4.10 grams per tonne (gpt) gold across a thickness of 1.78 meters. The project has successfully identified about 10,000 tonnes of gold-bearing material within just 6 meters of the surface, indicating substantial near-surface mineralization that could pave the way for future production operations.
Top Drill Intercepts
The top ten drill intercepts from the site have revealed grades that are not only impressive but also indicative of the site's potential:
- 12.59 gpt gold over 1.79 meters
- 11.31 gpt gold over 1.76 meters
- 11.45 gpt gold over 1.72 meters
- 8.76 gpt gold over 1.92 meters
- 7.93 gpt gold over 1.97 meters
- 5.28 gpt gold over 2.70 meters
- 5.20 gpt gold over 2.23 meters
- 4.09 gpt gold over 2.04 meters
- 4.31 gpt gold over 1.90 meters
Planned Next Steps
With the grade-control drilling having produced these solid returns, following phases involve additional drilling at the Trench 1 North Bulk Sample Site. The intention here is to outline another 10,000 tonnes which will further enhance the identified resources. Following this, the company plans to conduct Phase 2 resource drilling to extend the gold mineralization and support a maiden resource estimate for the Pardo Project.
Advancing Bulk Sampling Program
The bulk sampling program is progressing as scheduled, with the first bulk sample from the 007 North site set for processing soon. Following that, the Trench 1 sample will occur, scheduling processing operations between late August and early September.
Insight from Leadership
Wesley Whymark, President and Head of Exploration at Inventus, expressed enthusiasm regarding the results: "Our initial goal was set at 3 gpt gold, and we’ve surpassed that with clear evidence of higher grade intercepts. Securing a processing pathway through McEwen Mining’s Stock Mill has bolstered our confidence. This program is key for de-risking our operations and showcases the economic viability of mining our near-surface gold mineralization."
About Inventus Mining Corp.
Inventus Mining is committed to effective exploration and development in the renowned Sudbury mining region. The company's primary assets include its complete interest in the Pardo Paleoplacer Gold Project, which marks a significant discovery in North America’s mining history. With approximately 203 million common shares currently outstanding, Inventus continues to build on its impressive portfolio.
Frequently Asked Questions
What recent achievements has Inventus Mining made?
Inventus reported a gold average of 4.10 gpt over 1.78 meters from its Trench 1 drilling program at the Pardo Gold Project.
What are the highlights of the latest drilling results?
The top intercepts revealed substantial grades, including 12.59 gpt over 1.79 meters and numerous grades exceeding 10 gpt.
What is the next step following the successful drilling?
Inventus plans to conduct additional drilling at the Trench 1 North Bulk Sample Site and subsequently perform Phase 2 resource drilling.
How does this impact the company's market position?
The positive drilling results enhance the potential economic viability of the Pardo Project, positioning Inventus favorably within the mining sector.
Where can I find more information about Inventus Mining?
For further information on the company and its projects, visit www.inventusmining.com.
