Inventus Provides Exploration Updates at Pardo and Sudbury 2.0 Projects
27 7월 2021 - 4:46AM
Inventus Mining Corp. (TSX VENTURE: IVS)
(“Inventus” or the “Company”) is pleased to provide an update on
its 2021 exploration programs at its 100%-owned Pardo and Sudbury
2.0 Projects near Sudbury, Ontario.
Recent Exploration Highlights
Include:
- Pardo Channel
Sampling Results:5.5 m of 10.2
g/t gold, including 1.0 m of 47.9
g/t gold2.0 m of 11.8
g/t gold, including 1.0 m of 22.6
g/t gold2.5 m of 9.4 g/t
gold, including 0.5 m of 26.4 g/t
gold3.0 m of 6.2 g/t gold,
including 1.5 m of 9.1 g/t
gold2.0 m of 7.4 g/t
gold2.0 m of 7.0 g/t gold
- Six mini-bulk samples from
Pardo are currently in the lab for assays
- Discovery of the mineralized host
structure at the Rathbun high-grade Ni-Cu-PGE
occurrence
- Completion of the Airborne MT
survey over the Sudbury 2.0 Project
- 3D IP survey at Cobalt
Hill currently underway
Pardo Exploration Program
The first phase of sampling in 2021 at the Pardo
project, including channel sampling and a mini-bulk sample trial
program, has now been complete. The cost-effective sampling data
generated from this program is expected to assist with a maiden
resource estimate and de-risk the more extensive 50,000-tonne bulk
sampling program planned for the project.
Six mini-bulk samples, weighing approximately
3.4 tonnes each, were obtained from the 007 occurrence. The samples
were crushed and representative splits from each were delivered to
SGS Laboratories for assay. Following a successful trial, a second
phase of mini-bulk sampling is planned. The mini-bulk samples can
be deployed across the project on surface exposures of the
mineralized conglomerate reef and provide more reliable sampling
data with significantly reduce gold grade variability.
In addition to the mini-bulk samples, channel
samples were cut from surface exposures of the mineralized
conglomerate reef where possible (Figure 1). The
channel samples were cut from top to bottom of the reef, emulating
a diamond drill hole. A total of 17 channel samples were taken from
the Trench 2 location. Assay results from the channels have been
received and are shown in Table 1. The Trench 2
samples had an average thickness of 2.4 metres and
a weighted average grade of 4.9 g/t gold. Channel
lengths are approximately true thickness. The channel sampling data
will be used for resource calculation and provide guidance for the
future bulk sampling program.
Table 1. Channel Sample Assay
Interval Summary
Channel ID |
Channel Length (m) |
Gold (g/t) |
CH-21-01 |
5.5 |
10.2 |
including |
1.0 |
47.9 |
CH-21-02 |
3.0 |
6.1 |
including |
1.5 |
9.1 |
CH-21-09 |
4.5 |
1.2 |
including |
1.5 |
2.7 |
CH-21-10 |
1.5 |
4.8 |
CH-21-11 |
3.0 |
3.0 |
including |
0.5 |
6.5 |
CH-21-12 |
2.5 |
9.4 |
including |
0.5 |
26.4 |
CH-21-13 |
1.5 |
2.8 |
CH-21-14 |
1.0 |
0.2 |
CH-21-15 |
1.5 |
1.2 |
CH-21-16 |
2.0 |
2.6 |
including |
0.5 |
7.3 |
CH-21-17 |
2.0 |
2.0 |
CH-21-18 |
2.0 |
7.4 |
including |
0.5 |
13.2 |
CH-21-19 |
2.0 |
7.0 |
including |
1.0 |
10.6 |
CH-21-20 |
2.5 |
1.3 |
CH-21-21 |
3.5 |
2.4 |
CH-21-22 |
1.0 |
2.1 |
CH-21-23 |
2.0 |
11.8 |
including |
1.0 |
22.6 |
Sudbury 2.0 Exploration
Program
Inventus has completed a state-of-the-art
property-wide airborne magnetotelluric (MT) survey on the Sudbury
2.0 Project. Final results from the survey are expected in the
coming weeks. A 3D induced polarization (IP) survey at Cobalt Hill
is currently underway with completion expected in early August.
These geophysical programs are expected to provide Inventus with
much better exploration targeting both regionally and locally.
Follow-up work, including trenching and drilling, is planned later
this year.
Rathbun
Inventus is currently conducting a prospecting
and mapping program at the high-grade Ni-Cu-PGE Rathbun sulfide
occurrence. The sulfide occurrence was mined in the 1890s where a
historic shaft is present. Past sampling by Inventus of the shaft
area returned assays ranging from 6.3 to
74.4 g/t palladium, 1.0 to
18.4 g/t platinum, 0.8 to
22.8% copper, 0.1 to
0.5% nickel, 0.5 to 13.3
g/t gold, and 1.0 to 13.0
g/t silver.
The recent prospecting work has led to the
discovery of a Sudbury-type breccia structure that hosts the
sulfide occurrence and extends for at least 700 metres
(Figure 2). Historic exploration efforts at
Rathbun did not establish that the high-grade sulfide occurrence
was a Sudbury-type mineral system. This breakthrough by Inventus
has led to the successful identification of this complex geological
system and its continuity along strike. Prospecting of the
Sudbury-type breccia structure is currently ongoing, and the first
assay results are expected in August.
Click here to view Figure 1 and
2:
http://inventusmining.com/s/IVS_PR_Jul_26.pdf
For further information, please contact:
Mr. Stefan SpearsChairman and CEOInventus Mining Corp.Tel: (647)
258-0395 x280E-mail: info@inventusmining.com
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 Project located
northeast of Sudbury. Pardo is the first important paleoplacer gold
discovery found in North America. Inventus has approximately 133
million common shares outstanding.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Qualified Person
The Qualified Person responsible for the
geological technical content of this news release is Wesley
Whymark, P.Geo., who has reviewed and approved the technical
disclosure in this news release on behalf of the Company.
Technical Information The samples
collected by Inventus described in this release were transported in
secure sealed bags for preparation and assay by SGS Laboratories.
The samples reported were crushed in their entirety to 75% passing
-10 mesh, with one 1 kg subsample split and pulverized to 85%
passing -200 mesh. One 50 g aliquot was taken from the subsample
for fire assay (FA) with an ICP-AES finish. Samples over 10 g/t
gold were subject to a 50 g aliquot FA with gravimetric finish.
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.
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.
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