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Inventus Mining Drills 111.45 Metres of 1.35 g/t AuEq at Cobalt Hill
TORONTO, April 11, 2022 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from dri
About this update from Inventus Mining Corp.
[{"type":"text","content":" TORONTO, April 11, 2022 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from drilling at the Cobalt Hill target on its 100%-owned Sudbury 2.0 Project near Sudbury, Ontario. Drilling highlights include: Hole CH-22-05A intersected 111.45 m of 1.35 g/t gold equivalent (AuEq)1including 1.24 m of 8.35 g/t AuEq including 3.87 m of 4.13 g/t AuEq Hole CH-22-06 intersected 37.1 m of 1.61 g/t AuEqincluding 2.03 m of 7.44 g/t AuEq Results are pending for an additional seven drill holes with intercepts of the sulphide breccia. At the Cobalt Hill gold-cobalt-nickel target, 13 diamond drill holes have been completed in 2022 for a total of 4,133 metres of drilling. To date, assay results for holes CH-22-01 through CH-22-05A and partial assays for CH-22-06 have been received (see Table 1). In the northwest part of Cobalt Hill (see Figures), hole CH-22-05A was the first hole of this campaign to test the continuity of sulphide breccia below and to the west of the intersection in hole CH-21-02 drilled last year (see News Release of April 8, 2021). Hole CH-22-05A is a step out of approximately 40-m from last year's drilling, encountered a continuous mineralized intercept of 111 m from 200 to 311 m with interspersed high-grade gold. It also contained the highest individual cobalt assay observed in drilling to date of 3,350 ppm. The geological control of these high-grade sections is currently not well understood. Hole CH-22-05A intersected 111.45 m of 1.35 g/t AuEq from 200 m down hole, 0.75 g/t gold (Au), 448 ppm cobalt (Co) and 135 ppm nickel (Ni); including 1.24 m of 8.35 g/t AuEq, 6.86 g/t Au, 1,124 ppm Co and 320 ppm Ni; and including 3.87 m of 4.13 g/t AuEq, 3.41 g/t Au, 546 ppm Co and 155 ppm Ni. Hole CH-22-06 testing the up-dip extent in CH-22-05A, intersected an upper sulphide breccia zone from 71.65 to 108.75 m. Assays have not yet been received for the lower sulphide breccia zone in CH-22-06 from 160 to 237 m (77 m). Hole CH-22-06 intersected 37.1 m of 1.61 g/t AuEq from 72 m down hole, 1.26 g/t Au, 261 ppm Co and 78 ppm Ni; including 2.03 m of 7.44 g/t AuEq, 7.10 g/t Au, 241 ppm Co and 102 ppm Ni; and 0.76 m of 10.80 g/t AuEq, 7.50 g/t Au, 2,520 ppm Co and 612 ppm Ni. The remaining seven holes with assays pending, all tested the mineralization at the nor...