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Inventus Mining Announces New Director, Advisor and Pardo Update
TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce that Mr. Perry Ing, CA
About this update from Inventus Mining Corp.
[{"type":"text","content":" TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce that Mr. Perry Ing, CA, CPA, CFA, has joined the Board of Directors. Perry is an accomplished executive who has served as the Chief Financial Officer of several high-profile mining companies including Kirkland Lake Gold (acquired by Agnico Eagle in 2022), Mountain Province Diamonds Inc. (TSX:MPVD); and currently serves as CFO of McEwen Mining Inc. (NYSE/TSX:MUX). Perry brings a wealth of knowledge from his involvement in large gold and diamond mining operations and numerous corporate transactions. Perry owns 4 million shares and 2 million warrants of Inventus. Concurrent with Perry’s appointment, Mr. Scott Heatherington has retired from the Board. We would like to thank Scott very much for his dedicated service to the Company since 2015. We are also pleased to announce that Mr. William (Bill) Shaver, P.Eng, ICD.D, has agreed to be a strategic technical advisor to the Company. Bill has over 50 years of management and executive experience in all facets of mine design, construction, and operations. In 1980, he was a founder of Dynatec Corporation, which became one of the leading contracting and mine operating groups in North America. In 2013, he was recognized as the Ernst and Young Entrepreneur of the Year for his devotion to bringing innovation to the mining industry. Recently he served as Chief Operating Officer of INV Metals (acquired by Dundee Precious Metals in 2021) and is currently interim COO of McEwen Mining. Bill is a resident of Sudbury and owns 6 million shares and 3 million warrants of Inventus. Pardo Update Inventus has engaged Snowden Optiro, a global consulting firm that has unique experience with paleoplacer gold systems, to conduct a geostatistical study of the recent drilling and bulk sampling data from Pardo. The most recent surface bulk sampling results (see press release dated September 27, 2022) returned a gold grade of 3.4 g/t Au for the 4,979 tonnes processed, which compared favorably to the predicted grade and tonnage of 3.3 g/t and 5,526 tonnes, respectively. The aim of the Snowden study is to optimize our upcoming resource drill program, providing adequate data to support a maiden mineral resource estimate. Once the study is complete the resource drill program can be...