TORONTO, July 06, 2026 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) ("Inventus" or the "Company") is pleased to report assay results from its ongoing Phase 2 drill program at the 100%-owned Pardo "River of Gold" Project, located 65 km northeast of Sudbury, Ontario.
The latest Phase 2 drilling results have discovered high-grade gold mineralization within the Matinenda Layer ("Matinenda Layer" or "MaC"), materially increasing the Company's confidence in resource growth potential from multiple stacked, near-surface gold-bearing conglomerate horizons at Pardo.
HIGHLIGHTS
High-grade gold mineralization has been discovered in the Matinenda Layer, upgrading the Company's view of this secondary target and highlighting its potential to contribute ounces to the planned maiden resource estimate.
Phase 2 drilling highlights include:
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2.82 g/t gold over 2.43 m, including 4.27 g/t gold over 1.43 m and 10.51 g/t gold over 0.50 m in the Matinenda Layer within a broader interval of 1.09 g/t gold over 10.82 m (PD-26-297).
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1.78 g/t gold over 4.32 m, including 3.75 g/t gold over 1.40 m and 7.06 g/t gold over 0.50 m in the Matinenda Layer within a broader interval of 0.98 g/t gold over 9.05 m (PD-26-299).
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1.20 g/t gold over 5.28 m, including 2.39 g/t gold over 1.82 m in the Matinenda Layer within a broader interval of 0.81 g/t gold over 11.62 m (PD-26-284).
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A second drill rig was mobilized to site on June 18 to expedite drilling.
An additional 57 holes have been completed with assays pending and the Company anticipating another 120 drill holes to be completed prior to the cut-off date for the planned maiden resource estimate.
Wesley Whymark, CEO & Director, comments: "The discovery of high-grade gold in the Matinenda Layer is an important milestone at Pardo. Until now, our primary focus has been the Main Layer, which remains the foundation of our near-surface development strategy. The new results from the Matinenda demonstrate that Pardo has the potential to be much more than a single-layer gold system. We are now seeing high-grade gold in multiple stacked, flat-lying conglomerate horizons, all at shallow depths. That has important implications for resource growth, future mine planning and the overall scale potential at Pardo.
What is especially exciting is that we are able to test this system quickly and cost-effectively due to the shallow and flat-lying geometry of the mineralization. With two drills turning, a fully funded program, an ongoing bulk sample program, and a maiden resource estimate planned for Q4, this is a very active and important period for Inventus."