Inventus Mining Unveils Significant Gold Discovery at Pardo
Exciting Gold-Bearing Discovery at the Pardo Gold Project
Every so often, a new finding can change the direction of a company’s prospects. Inventus Mining Corp. (TSXV: IVS) has recently marked a tremendous milestone at its Pardo Gold Project. This project, which is entirely owned by Inventus, lies just northeast of Sudbury, Ontario. Inventus announced promising results from its Phase 2 drilling program, presenting the thickest zone of gold-bearing conglomerate encountered so far in its exploration. These results not only highlight the company’s commitment to its exploration efforts but also reinforce the promising potential of the Pardo site.
Key Highlights from the Recent Drilling
During the latest drilling activities, one borehole, identified as PD-25-87, has drawn significant attention. Drilled down to a depth of 32 meters, this hole uncovered an impressive 6.47 meters of gold with an average grade of 2.16 grams per tonne (gpt). What makes this discovery particularly noteworthy is the high-grade interval within this core, revealing outstanding results of 9.41 gpt over a thickness of 0.85 meters. This represents a new channel of gold mineralization, with potential for further expansion as follow-up drilling continues.
Further Implications for Gold Mineralization at Pardo
The recent discoveries with borehole PD-25-87 have illuminated a new gold-bearing area situated 35 meters northwest of previous drilling locations. This new finding not only expands the existing footprint of the mineralization but also raises exciting possibilities for future exploration and drilling. Moreover, the findings lay the groundwork for understanding the extensive potential of gold reefs in the region.
The Impact of These Discoveries
The results from the Phase 2 drilling program undoubtedly bolster the confidence of Inventus Mining in the Pardo Project. The exceptional grades and thickness of the newly discovered zones can substantially benefit the company's future mining prospects. Currently, the commitment to a 45,000-tonne bulk sampling program complements these drilling results, reinforcing the company's strategy to ascertain project economics while providing insights into mining potential.
Wesley Whymark’s Insights on New Discoveries
Wesley Whymark, who serves as the President and Head of Exploration, expressed enthusiasm regarding this latest drilling result. He commented on the significant validation regarding their geological model, emphasizing that these gold-bearing reefs have the potential to exhibit remarkable thickness and high-grade continuity. Whymark noted that this discovery offers an exciting avenue for further drilling, highlighting Pardo's potential as a viable low-cost project.
About Inventus Mining Corp.
Inventus Mining Corp. is dedicated to exploration and development within the renowned mineral-rich area of Sudbury, Ontario. With a 100% stake in notable assets such as the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, the company stands on the cusp of significant developments. The Pardo Gold Project is deemed North America’s first major paleoplacer gold discovery, showcasing historical mineralization and extensive untapped potential for future exploration.
Plans for Future Exploration
Taking a proactive approach, Inventus aims to validate these new discoveries with additional drilling campaigns while enhancing the resource base through strategic exploration. The ongoing exploration efforts are positioned to provide substantial value creation for stakeholders, alongside practical applications for eventual near-surface mining.
Frequently Asked Questions
What is the significance of the new drilling results at Pardo?
The drilling results reveal the thickest and highest-grade gold zone to date, demonstrating the expansion potential of gold mineralization at Pardo.
Who is the President of Inventus Mining Corp.?
Wesley Whymark is the President and Head of Exploration, spearheading the company’s exploration efforts.
What is the focus of Inventus Mining Corp.?
Inventus is focused on exploring and developing mineral resources primarily in the Sudbury region, with emphasis on the Pardo Gold Project and Sudbury 2.0 project.
How does bulk sampling contribute to the mining process?
Bulk sampling is critical for assessing project economics and grade control, providing insights that guide future exploration and potential mining operations.
What is the future outlook for Inventus Mining?
With promising exploration results and ongoing sampling programs, Inventus aims to enhance resource potential and create lasting value for its shareholders.
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