Inventus Announces Early Warrant Exercise by McEwen Mining and Begins Grade Control Drilling at Pardo

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[{"type":"text","content":"Inventus Announces Early Warrant Exercise by McEwen Mining and Begins Grade Control Drilling at Pardo\n\n\n\n TORONTO, May 06, 2025 (GLOBE NEWSWIRE) --\n \n Inventus Mining Corp.\n \n (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that McEwen Mining (“\n \n MUX\n \n ”) has exercised 9,200,000 common share purchase warrants as part of the early warrant exercise incentive program for gross proceeds of\n \n $828,000\n \n . Proceeds from the warrant exercise will be used to advance the Company’s 2025 bulk sampling program at its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario.\n \n\n\n Highlights\n \n\n\n\n McEwen Mining exercises 9,200,000 common share purchase warrants for gross proceeds of\n \n $828,000\n \n .\n \n\n\n Grade control drilling at Pardo is now underway in preparation for the company’s bulk sample plans.\n \n\n\n\n As part of the bulk sampling plan, Inventus has now commenced grade control drilling at Pardo with the intent to better define zones of mineralization in preparation for extraction. The drilling will consist of approximately 50 shallow holes targeting mineralization within 5 metres of surface and is expected to be completed within four weeks. Previous bulk samples at Pardo have demonstrated strong grades, including\n \n 3.4 gpt gold\n \n in\n \n 5,000 tonnes\n \n (see release\n \n Sept 27\n \n th\n \n , 2022\n \n ) and\n \n 4.2 gpt gold\n \n in\n \n 1,000 tonnes\n \n (see release\n \n Jan 3\n \n rd\n \n , 2018\n \n ), conducted in 2022 and 2017 respectively, validating the potential for low-cost surface mining.\n \n\n\n Wesley Whymark, President and Head of Exploration comments:\n \n\n “We are extremely pleased by McEwen Mining’s continued support through their participation in the early warrant exercise program. This funding will directly support the execution of our 2025 bulk sampling plans. With grade control drilling now underway, we are taking steps to better define the thickness and gold grade of our bulk sample sites in preparation for extraction and processing.”\n \n\n\n This development follows Inventus’ recently signed Memorandum of Understanding with McEwen Mining to evaluate the feasibility of processing bulk sample material at McEwen’s Stock Mill facility. If ...

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