Business
Inventus Mining Drills 97.5 m of 1.19 g/t AuEq including 3.3 m of 6.8 g/t AuEq at Cobalt Hill
TORONTO, June 13, 2022 (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, June 13, 2022 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its drill program at the Cobalt Hill target on its 100%-owned Sudbury 2.0 Projects near Sudbury, Ontario. Highlights include: CH-22-11 intersected 97.48 metres (m) of 1.19 g/t gold equivalent AuEq1 including 3.28 m of 6.79 g/t AuEq CH-22-07 intersected 64.4 m of 1.25 g/t AuEq including 16.93 m of 2.10 g/t AuEq CH-22-10 intersected 38.77 m of 1.10 g/t AuEq and 42.43 m of 1.07 g/t AuEq \"Inventus has expanded the Cobalt Hill mineralized zone with the 4,200 metres of drilling completed so far this year. Multiple wide intersections of continuous Au-Co-Ni mineralization were encountered. With access to drill core and multi-element assays, our team now has insight into the geology and mineralization that will be used to identify vectors for future drilling. The gold values >5 g/t in holes 10 and 11 are significant and may be part of a higher-grade core. The system is open at depth, and we look forward to conducting additional exploration drilling. Currently, we are investigating a completely new area of sulphide breccia on the surface at the Dorland Prospect that looks analogous to Cobalt Hill,” commented Stefan Spears, Chairman and CEO. Cobalt Hill Drilling At the Cobalt Hill Au-Co-Ni target, assays from the remaining five diamond drill holes, CH-22-07, CH-22-09A, CH-22-10, CH-22-11, and CH-22-12, have been received (see Table 1). The program successfully probed the extent and metal endowment of the mineralized sulphide breccia from surface to a depth of 350 m. Drilling results have shown an approximate 100 m by 100 m body of sulphide breccia that extends from the surface to 350 metres and remains open down plunge to the southeast. A plan map of hole locations, drill hole cross-sections, and a 3D interpretation of the mineralized sulphide breccia are provided in Figures 1 t...