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Inventus Mining Drills 18.5 Metres of 6.6 g/t Gold, 0.76% Copper, 0.018% Cobalt at Sudbury 2.0
TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its
About this update from Inventus Mining Corp.
[{"type":"text","content":" TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its first drill hole WL-20-01 and details about its second drill hole WL-21-02, part of an ongoing 3,000-metre drill program at its 100%-owned Wolf Lake and Cobalt Hill properties near Sudbury, Ontario. A total of 556 metres of drilling has been completed to date with a minimum of 7 additional holes planned at the Wolf Lake and Cobalt Hill targets. The initial drill program is designed to properly sample the polymetallic gold mineralization and test the mineralized structures at depth. Drill hole WL-20-01 was vertical and designed to test the near surface mineralization, it intersected: From (m) To (m) Interval (m) Au (g/t) Cu (%) Co (%) WL-20-01 32.8 51.3 18.5 6.6 0.76 0.018 including 38.6 39.3 0.7 21.1 1.94 0.032 and 41.4 43.3 1.9 13.9 1.83 0.036 and 45.8 46.4 0.5 26.5 1.75 0.087 and 48.5 51.3 2.8 14.7 0.49 0.036 The first hole has validated the presence of polymetallic mineralization with individual core assays up to 35.9 g/t Au, 3.97% Cu, 410 ppm nickel and 0.115% Co. Complete assay results are provided in Table 1 and a location map can be seen in Figure 1. Drill hole WL-21-02 is currently at a depth of 477 metres and has intersected the mineralized breccia approximately 200 metres below surface. The hole intersected 152 metres of intense metasomatic alteration and hydrothermal breccia with variable pyrite and chalcopyrite mineralization from approximately 325 to 477 metres. Select mineralized core intersections are provided in Figure 1. Drilling is still underway. Stefan Spears, CEO of Inventus said, “We are very pleased to finally be drilling these exciting targets. The first hole has already provided considerable information about the geologic setting and origins of the breccia-hosted polymetallic mineralization. With the next several holes we hope to begin to define the geometry and geologic controls on the mineralization as it extends to depth.” Figure 1. http://www.inventusmining.com/s/Jan19_2021_Fig.pdf Table 1. Complete assays from WL-20-01 Hole ID From (m) To (m) Interval (m) Au (g/t) Cu (%) Ni (ppm) Co (ppm) WL20-01 32.79 33.30 0.51 9.27 0.35 91 363 WL20-01 33.30 34.00 0.70 0.37 3.97 21 49 WL20-01 34.00 34.40 0.40 0.74 0.34 14 2 WL20-01 34.40 35.45 1.05 ...