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Inventus Mining Winter Exploration Program Underway
TORONTO, Feb. 03, 2020 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce that it has started the
About this update from Inventus Mining Corp.
[{"type":"text","content":" TORONTO, Feb. 03, 2020 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce that it has started the 2020 winter exploration program on the 100%-owned Sudbury 2.0 Property, located 40 km northeast of Sudbury, Ontario. The program begins with an induced polarization (IP) survey on three areas: Laura Creek Offset Dyke, Big Valley Lake, and Doon Lake North (see Figure 1). Inventus intends to follow up the IP surveys with drilling at the Laura Creek Offset Dyke this winter. “With our financing successfully complete, we are now well prepared to advance our projects. We have already mobilized our team on Sudbury 2.0, we are moving ahead with the property acquisitions announced in November 2019, and we intend to get started on our Pardo Paleoplacer project this spring,” commented Stefan Spears, Chairman and CEO. Laura Creek Offset Dyke The Laura Creek Offset Dyke was not known until Inventus discovered it in 2019. It is a 30+ meter wide inclusion-bearing quartz diorite offset dyke (IQD), the only undrilled example known to occur around the Sudbury mining camp. Offset dykes around Sudbury are composed of quartz diorite, however, offset dyke-hosted orebodies only occur within rare inclusion-bearing phases of the quartz diorite. Selected assay results from Laura Creek Offset Dyke have returned values up to 4.1 g/t gold, 0.33% copper, 21 g/t silver and 0.86% lead and 42 g/t bismuth (see press release Nov. 14, 2019). Inventus plans to explore the mineralized section of the Laura Creek Offset Dyke following the IP survey with drilling to determine the dip, thickness and to test for the presents of mineralization and pathfinder geology below surface. Big Valley Lake and Doon Lake North Showings Extensive hydrothermal alteration and mineralized breccia were found at Big Valley Lake and Doon Lake in 2019. Selected assay results from the Big Valley Lake returned values up to 1.4 g/t gold and 1.3% copper (see press release Sept. 12, 2019). The two showings were found to have many similarities to the alteration and mineralization that occurs on the Wolf Lake and Cobalt Hill properties. A description of those properties is available from our Nov. 27, 2019 press release. Inventus expects the IP survey to outline the extent of alteration and mineralization of these very large targets, in pr...