Business
Inventus Mining Discusses Its 2019 Exploration Activities for Pardo and Sudbury 2.0
TORONTO, June 11, 2019 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to provide details on its 2019 expl
About this update from Inventus Mining Corp.
[{"type":"text","content":" TORONTO, June 11, 2019 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to provide details on its 2019 exploration activities. Inventus is currently working towards the advanced exploration bulk sampling program at Pardo, and with onset of spring, exploration has commenced on several targets at its Sudbury 2.0 property. Pardo Exploration Activities Inventus intends to conduct the first phase of its planned 50,000 t advanced exploration bulk sampling in 2019. Currently negotiations are progressing with three groups to provide custom milling services for the project. The custom milling agreement is key to the success of the bulk sample, and as such, we are pushing to secure the best agreement possible for Inventus shareholders. In 2017, the 1,000 t Trench 1 bulk sample (see press release January 3rd, 2018) returned a more than 200% increase in grade when compared to the average grade in drilling. In 2018, Inventus drilled the 007 Zone in preparation for its first phase of advanced exploration bulk sampling (see press release November 22nd, 2018). The drilling outlined approximately 6,000 tonnes of mineralized material at surface with a weighted average gold grade of 3.4 g/t. Inventus believes we could see a similar increase in grade from the 007 Zone bulk sample this year. Inventus also plans to conduct excavator stripping and washing at Pardo to better expose the mineralized boulder conglomerate “reef” at surface. At these locations the reef is expected to project to surface. Exposing the reef on surface would allow access for additional sampling, including bulk sampling, and provide additional geological understanding of the reefs thickness and grade along strike. Pursuant of the bulk sampling data, Inventus plans to initiate resource modelling. Reconciliation between drilling and bulk sampling will provide reliable data on the grade of the reef for resource modeling. Sudbury 2.0 Exploration Activities Inventus is focused on continued exploration of priority targets identified on its Sudbury 2.0 Property (see press release March 5th, 2019). These priority targets include; the newly identified Laundry Lake Breccia Belt (LLBB), exotic mafic dykes, and a prospective geophysical grid over an interpreted dyke system (see Figure 1). The Laundry Lake Breccia Belt: Inventus plans to ...