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Inventus Mining Corp.
Summary
| Project: | Pardo | |
|---|---|---|
| Deposit: | Pardo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2017: Inventus Mining Corp. announces an Exploration/Drilling Update report for its Pardo deposit at the Pardo project. Drilling results incl. 2.65m @ 2.93g/t Au from 12.35m. TORONTO, ONTARIO (June 6, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Bite (Not stated) | |
| ABSTRACT: | TORONTO, ONTARIO (June 6, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”) today announces that it has received assay results for the next twenty-seven consecutive holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. The drilling program is now complete with a total of 65 holes drilled. Assay results for the final five holes are pending. 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 mineralized 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 covering approximately 550 x 400 m that remains open for expansion and in-fill drilling (see Figure 1). Results from the first 51 holes of the program have shown that the 50 x 50 m spaced large diameter drill holes can identify near surface high-grade areas that warrant additional drilling. The holes discussed below were drilled in closer spaced (12 m) patterns designed to provide information about how the deposit behaves over shorter distances. | |
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