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Inventus Mining Provides Exploration Update; Drilling Intercepts 22.9 gpt Gold Over 1.25 m

TORONTO, ONTARIO--(Marketwired - June 6, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS) ("Inventus" or the "Company") today announces that it has received assa

articleInventus Mining Corp.June 6, 20173/company/inventus-mining-corp/news/inventus-mining-provides-exploration-update-drilling-intercepts-229-gpt-gold-over-125-m
Inventus Mining Provides Exploration Update; Drilling Intercepts 22.9 gpt Gold Over 1.25 m

About this update from Inventus Mining Corp.

[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - June 6, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS) (\"Inventus\" or the \"Company\") today announces that it has received assay results for the next twenty-seven consecutive holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project (\"Pardo\") near Sudbury, Ontario. The drilling program is now complete with a total of 65 holes drilled. Assay results for the final five holes are pending. Gold-bearing conglomerate layers or \"reefs\" at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs are laterally extensive and occur on or very near surface. Higher gold grades occur concentrated in fluvial channels or \"pay streaks\", and valleys in the footwall upon which the mineralized conglomerate was deposited. Discovering higher-grade zones is the primary objective of our current 50 x 50 m spaced drill program. Results so far have been successful in identifying a higher-grade area covering approximately 550 x 400 m that remains open for expansion and in-fill drilling (see Figure 1). New assay results to date are as follows: Hole ID From (m) To (m) Length (m) Gold Grade (g/t) PD-17-34 28.97 29.55 0.58 2.35 PD-17-35 24.70 27.60 2.90 0.54 PD-17-36 28.42 28.92 0.50 3.04 PD-17-37 17.70 18.84 1.14 1.28 PD-17-38 12.35 15.00 2.65 2.93 Including 14.35 15.00 0.65 9.59 PD-17-39 9.25 11.15 1.90 1.68 PD-17-40 26.14 28.88 2.74 1.05 PD-17-41 30.50 31.95 1.45 0.55 PD-17-43 7.05 7.58 0.53 1.83 PD-17-45 7.30 8.50 1.20 1.05 PD-17-47 5.05 7.50 2.45 2.60 Including 6.90 7.50 0.60 8.82 PD-17-48 14.25 16.30 2.05 0.58 PD-17-49 9.90 13.40 3.50 1.13 PD-17-50 27.85 29.75 1.90 0.45 PD-17-51 22.98 24.80 1.82 0.61 PD-17-52 11.94 15.25 3.31 2.15 Including 12.70 14.25 1.55 3.93 PD-17-54 11.75 13.30 1.55 2.56 PD-17-55 11.45 13.72 2.27 1.07 PD-17-56 11.00 13.12 2.12 3.13 Including 11.00 11.50 0.50 9.41 PD-17-57 13.35 16.22 2.87 1.10 PD-17-58 11.40 13.90 2.50 0.64 PD-17-59 10.30 11.55 1.25 22.94 Including 10.85 11.55 0.70 39.80 PD-17-60 10.70 11.35 0.65 7.44 All holes were drilled vertically. Intercept lengths are true width. Gold grades are determined by fire assay method; see note on Technical Information. Holes PD-17-42, 44, 46 and 53 did not return significant values (> 0.40 gpt). Close Spaced Drilling Results from the first 51 holes of the program have shown that th...

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