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Inventus Mining Corp.
Summary
| Project: | Pardo | |
|---|---|---|
| Deposit: | Pardo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-4-2017: Inventus Mining Corp. announces an Exploration/Drilling Update report for its Pardo deposit at the Pardo project. Drilling results incl. 1.25m @ 4.68g/t Au from 10.35m. TORONTO, ONTARIO (Apr. 12, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Bite (Not stated) | |
| ABSTRACT: | TORONTO, ONTARIO (Apr. 12, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”) today announces that it has received assay results for the next six consecutive holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. Gold-bearing conglomerate layers or “reefs” at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs are laterally extensive and occur on or very near surface. Higher gold grades occur concentrated in fluvial channels or “pay streaks”, and valleys in the footwall upon which the conglomerate was deposited. Discovering higher-grade zones is the primary objective of our current 50 x 50 m spaced drill program. Results so far have been successful in identifying a higher-grade area approximately 400 m in length that remain open for expansion (see Figures 1 and 2). Hole PD-17-14 is a 50 m step-out to the East of hole PD-17-13 that intercepted 3.92 gpt gold over 1.85 m. This hole contained a thick (2.28 m) boulder conglomerate (primary gold-bearing reef) with some detrital pyrite over 1.65 m. Hole PD-17-15 was drilled 50 m due South of hole PD-17-13. This hole did not encounter any visible boulder conglomerate, however, the sample in the basal conglomerate returned positive gold values. The boulder conglomerate unit, although absent at this location, is encountered again 50 m to the West and 50 m to the South in holes PD-17-16 and PD-17-17. | |
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