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Project: | Pardo | |
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Deposit: | Pardo | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 8/7/2018 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 7-8-2018: Inventus Mining Corp. announces a Resource Estimation report for its Pardo deposit at the Pardo project. Exploration Target for Pardo project. The Pardo Project (Pardo) is a paleoplacer gold exploration project located approximately 65 km nort | |
Resources: | Exploration Target: 8.60Mt - 12.50Mt @ 3.50g/t Au - 4.20g/t Au contained at P10, P50, P90 | |
CP/QP: | [Overall Report]: Glen Kuntz (Nordmin Engineering Ltd.) | |
ABSTRACT: | The Pardo Project (Pardo) is a paleoplacer gold exploration project located approximately 65 km northeast of Sudbury, Ontario. The claims to the project property (Property) are currently held 100% by Inventus Mining Corp. and Mount Logan Resources Ltd. (a wholly owned subsidiary of Inventus Mining Corp.). The Property is interpreted as a modified paleoplacer deposit and is analogous to other paleoplacer deposits around the world such as the Witwatersrand gold fields in South Africa, the Jacobina deposit in Brazil, the Tarkwa deposit in Ghana, Africa, the Castelo De Sonhos deposit in Brazil and most notably the Beatons Creek deposit in Western Australia. This technical report documents material changes due to new information made available from the exploration programs conducted in 2015, 2016 and 2017 that were not available in March 2015 when the previous technical report was issued. This technical report includes the results of a 1,000-tonne bulk sample, a revised geological model (based on multiple diamond drilling programs and channel sample/mapping programs completed between 2015 and 2017) and the creation of an exploration target range for the Pardo project. The exploration target range for this report was derived by grade contouring the Mississagi Boulder Conglomerate unit (A_M) within the MiBC member and its surrounding “halo” mineralization as evidenced by drill intercepts, channel sampling and bulk sampling information in the exploration target area. The exploration target area boundary was confined to the currently known extent of the A_M conglomerate. The extent of the A_M conglomerate could be expanded with additional drilling | |
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