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Inventus Mining Completes First Phase of Drilling at Dorland Prospect
Drilling Intersects Multiple Zones of Sulphide Breccia and Massive Sulphides Acceptance Received for OJEP Funding TORONTO, July 20, 2023 (GLOBE NEWSWIRE) -- Inv
About this update from Inventus Mining Corp.
[{"type":"text","content":" Drilling Intersects Multiple Zones of Sulphide Breccia and Massive Sulphides Acceptance Received for OJEP Funding TORONTO, July 20, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce the completion of its initial drilling program at the 100%-owned Dorland Co-Au-Cu-Ni Prospect, located 36 km northeast of Sudbury, Ontario. Highlights: The Company successfully tested the mineralization and induced polarization geophysical anomalies at the Dorland Co-Au-Cu-Ni prospect intersecting large zones of sulphide breccia, including multiple zones of massive sulphide. A total of 10 holes were completed for 1,014 metres of drilling with all 10 holes intersecting a zone of alteration and sulphide breccia. The program was designed to test the continuity below and around the polymetallic mineralization found at surface where select surface grab samples have returned assays up to 1.2% cobalt, 2.6 g/t gold, 0.51% copper and 0.1% nickel. Inventus received approval for an exploration funding grant of up to $200,000 through the Ontario Junior Exploration Program (“OJEP”). Dorland Drilling Program The drill core is currently being processed and approximately 240 m of the core will be sampled and assayed for polymetallic cobalt, gold, copper, and nickel mineralization. The drilling intersected similar geological units found on the surface consisting of a zone hydrothermal alteration within unaltered diamictites of the Gowganda sediments. The alteration zone trends east to west and dips south at approximately 60 degrees. The alteration consists of albite, carbonate, and quartz (sodic, calcic and silica alteration), with a core of hydrothermal sulphide breccia. The sulphide breccias are composed of clasts of the host rock with the addition of k-feldspar, chlorite +/- pyrite, magnetite and hematite in the breccia matrix (potassic and iron alteration). Assay results from the drilling are expected over the next 3 to 6 weeks. The location of the drilling is provided in Figure 1. A description of some of the better holes based on visual inspection include DP-23-04, DP-23-06, DP-23-08 and are described below: DP-23-04 – Intersected a 38.5 m zone of sulphide breccia from 16 to 54.5 metres that included 5 sections of massive pyrite ranging from 0.2 m to 1.1 m. Photos of the core are presented in...