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Gold/Mining/Energy : Inventus Mining Corp - IVS
GNGXF 0.1240.0%Dec 2 4:00 PM EST

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From: StemuliteWorks7/9/2019 5:07:31 PM
   of 728
 
And We Have News:

TORONTO, ONTARIO (July 9, 2019) - Inventus Mining Corp.(TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to provide details of recent metallurgical work on its 100% owned Pardo property 65 km Northeast of Sudbury, Ontario. The test work was conducted by SGS Canada at their metallurgical lab in Lakefield, Ontario.

The metallurgical test work was conducted on a representative mineralized conglomerate from the 007 Zone (the “Test Sample”) where the first phase of bulk sampling is planned.

Highlights:
  • The Test Sample head grade was 6.4 g/t gold.
  • A combination of gravity and flotation resulted in 95.2% gold recoveryat a 5% mass pull, with a tail assay of 0.3 g/t gold.
  • Gravity concentration alone resulted in 42.8% gold recovery at a 0.08% mass pull, and a concentrate grade of 3,087 g/t gold.
  • Environmental test work on the gravity plus flotation tails returned <0.05% sulfur and indicated residues would not likely be acid generating.
  • These results are very encouraging because it establishes that gravity and flotation processing is probably the preferred treatment method and effectively manages potential environmental issues.

  • “Our objective with this work was to demonstrate that material from Pardo can be processed at a variety of process facilities. We discovered that low cost gravity plus flotation is highly effective at producing two gold concentrates that would be readily marketable, and that any environmental concerns about the resulting tailings are alleviated,” stated Stefan Spears, Chairman and CEO.

    About Inventus Mining Corp.

    Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the advanced exploration stage Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 110,301,069 common shares outstanding (123,925,235 shares on a fully diluted basis).

    For further information, please contact:

    Mr. Stefan Spears
    Chairman and CEO
    Inventus Mining Corp.
    Tel: (647) 258-0395 x280
    E-mail: info@inventusmining.com

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

    Qualified Person

    The Qualified Person responsible for the geological technical content of this news release is Wesley Whymark, P.Geo., who have reviewed and approved the technical disclosure in this news release on behalf of the Company.

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