|From: molee||11/22/2018 9:24:25 AM|
|Inventus Mining Drills Up To 62 g/t Gold on Surface at 007 Zone |
TORONTO, ONTARIO (Nov 22, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”) today announces that it has received assay results for the first 28 holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. A total of 28 definition drill holes and 7 step-out holes at the 007 Zone have been completed and the program is near completion.
Gold-bearing conglomerate layers or “reefs” at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs re 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 conglomerate was deposited.
The objective of the current definition drill program is to provide data to support the next phase of bulk sampling. Completed assay results from drilling at the 007 Zone are as follows:
Drilling Results and Interpretation
The 28 new drill holes at the 007 Zone (see Figure 1) indicate that the average thickness of the mineralized boulder conglomerate is 2.5 metres, and the weighted average gold grade is 3.4 g/t. In comparison the average gold grade in 11 holes drilled at the Trench 1 bulk sample site was 1.3 g/t. Processing of the Trench 1 bulk sample returned an average grade of 4.2 g/t gold, over 200% higher than the grade indicated by drilling in the same area (see results published on January 3, 2018 - inventusmining.com.
Inventus expects to see a similar improvement in the gold grade when bulk sampling the 007 Zone. The Company intends to commence a bulk sampling program of up to 50,000 tonnes in the Spring of 2019.
Exploration Target Range
On August 3, 2018, Inventus released a new NI 43-101 Technical Report on the Pardo Project. The report is available for download on the Company’s website (http://www.inventusmining.com/home-1/) and SEDAR (sedar.com). The report assessed the exploration target range for the Pardo Project. The exploration target range was expressed in terms of pessimistic (P10), moderate (P50) and optimistic (P90) cases as shown in the table below.
The potential tonnages and grades are conceptual in nature and are based on surface mapping, drilling and channel sampling results that define the approximate thickness, depth and grade of the mineralized conglomerate unit. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk that further exploration will not result in the delineation of a current mineral resource.
Prior bench scale testing demonstrated that sensor sorting and gravity separation were potentially viable methods to upgrade the Pardo mineralized material prior to processing (see results published on April 5, 2017 -
Measurements made of the clasts present in the mineralized boulder conglomerate indicate that the matrix, which contains all the gold, represents approximately 25% by volume of the whole rock. Opportunity therefore exists to mechanically remove 75% by volume that would
otherwise be barren waste sent for processing. We intend to follow-up this work as part of the bulk sampling program.
Click here to view Figure 1: inventusmining.com/s/Nov_22_Fig_1.pdf
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|From: molee||12/19/2018 9:06:34 AM|
|Inventus Drilling Extends Mineralization at 007|
TORONTO, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) announces it has received the remaining assays for its recent drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. A total of 35 holes at the 007 Zone were completed including 7 step out holes (see Figure 1), which are reported below.
Holes 29 and 34 did not encounter significant values, and hole 35 was not completed. All holes were drilled vertically. Intercept lengths are true thickness. Gold grades are determined by fire assay and gravimetric methods; see note on Technical Information.
|Hole ID||From |
|Gold Grade (g/t)|
The objective of this drill program was to provide drill data for the next phase of bulk sampling and demonstrate continuity of the mineralized conglomerate. The first 28 closely spaced drill holes (released on Nov 22, 2018) delineated a volume of approximately 6,000 tonnes of mineralized material (see the 007 Bulk Sample Outline on Figure 1).
Step out holes 31, 32 and 33 have all demonstrated that the mineralized boulder conglomerate reef extends towards the north under shallow cover. These new holes combined with previous drilling supports our interpretation that a highly enriched mineralized boulder conglomerate reef extends for 350 m North from the 007 Zone.
Click here to view Figure: globenewswire.com
About Inventus Mining Corp.
Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the 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).
Visit globenewswire.com for more information.
Read more at stockhouse.com
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|From: molee||3/5/2019 8:16:57 AM|
|Inventus Mining Identifies Extensive Sudbury Breccia Belt and Exotic Mafic Dykes on Its Sudbury 2.0 Property|
TORONTO, March 05, 2019 (GLOBE NEWSWIRE) -- Inventus Mining Corp.(TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to provide an update about exploration activities on its 100% owned Sudbury 2.0 property (the “Property”) located northeast of Sudbury, Ontario.
During the 2018 field season, Inventus discovered and mapped a contiguous belt of Sudbury breccia over a distance of 14 km with potential to extend it over 30 km. The breccia belt is located above the Temagami Magnetic Anomaly and further validates the Sudbury 2.0 exploration concept. Inventus plans to explore the breccia belt in greater detail and compare it to Sudbury’s South Range Breccia Belt that hosts the Frood-Stobie deposit.
Additionally, Inventus has also found two exotic mafic dykes on the Property. The mafic dykes have different lithological and geochemical characteristics to any known intrusive rocks in the regional area. The two mafic dykes are being studied in detail to determine their geological relationship to both the Temagami Magnetic Anomaly and Sudbury Igneous Complex (SIC).
With the identification of unexplored Sudbury-type geology found on surface, a stronger geological connection has now been made between the Temagami Magnetic Anomaly and the Sudbury Basin. These new findings suggest there is good exploration potential for magmatic Ni-Cu-Pt-Pd mineralization and associated hydrothermal Au-Cu-Co-Ni mineralization over a large area of the Property.
Sudbury Breccia Belt
Geological mapping during the 2018 field season lead to the discovery of a previously unrecognized 14 km belt of Sudbury breccia. The breccia belt, named the Laundry Lake Breccia Belt (LLBB), occurs above the western peak of the Temagami Magnetic Anomaly and along a regional gravity discontinuity, suggesting the breccia belt was emplaced along a major regional structure (see Figure 1 for the location of the breccia belt with total gravity and magnetic maps).
The LLBB was found to contain a variety of different rock types as inclusions, with at least two different exotic mafic rock types of an unknown origin. The variety of rock types differing from the surrounding geology suggests that the breccia clasts were transported significant distances. This is an uncommon occurrence in the region and demonstrates similarities with both the South Range Breccia Belt (SRBB) and footwall-type breccia that occur along the footwall of the Sudbury Igneous Complex (SIC). The SRBB hosts the Frood-Stobie deposit, the largest ore deposit in the Sudbury Basin and one of the largest single deposits in the world. It appears that the new LLBB is the only other breccia structure analogous to the SRBB occurring around the SIC. Inventus plans to use the SRBB and the Frood-Stobie deposit as a model to guide future exploration on the Property.
Two exotic mafic dykes were also mapped on the Property during the 2018 field season (See Figure 1 for the location of the mafic dykes with total gravity and magnetic map backgrounds).
Tholeiite Diorite Dyke
This dyke was observed intruding the Huronian Supergroup sediments with a near vertical dip and was mapped in two sections for a combined length of 5.7 km. Initial analysis of the dyke revealed some lithological similarities to quartz diorite offset dykes that are found radiating from the Sudbury Igneous Complex (SIC), including anomalous platinum and palladium values. Both sections of the dyke share the same NE-SW strike and are likely connected for a total length exceeding 8 km. The southwest extent of the dyke could project back to the SIC, similar to other offset dykes found radiating from the Sudbury Structure. The north-eastern section of the dyke is spatially associated with known hydrothermal Au-Cu and Au-Co-Ni mineralization and the newly identified LLBB (see Figure 2).
Previous exploration of the hydrothermal mineralization by Flag Resources at the Wolf Lake and Cobalt Hill areas did not recognize the significance or possible genetic relationship between the mafic dyke, Sudbury breccia, and the SIC. An examination of Flag’s historic exploration data revealed the mafic dyke was intersected in multiple drill holes near the hydrothermal Cu-Au mineralization, and only one 10 m section of the mafic dyke appears to have ever been assayed, which returned 1.1 g/t gold over 9.3 m. It appears from the historic account that the mafic dyke was not analyzed for platinum or palladium.
Alkaline Diorite Dyke
This dyke was mapped over 1 km above the western peak of the Temagami Magnetic Anomaly where it has an intrusive contact with the Huronian Supergroup sediments (see Figure 2 for location). The dyke is moderately magnetic with a near vertical dip and has a NW-SE strike. The contact of the dyke with the LLBB was not observed, however, clasts of the dyke were found in the breccia (see Figure 3). The alkaline diorite dyke is older then the Huronian sediments but younger then the Sudbury Event and does not correlate with any intrusive magmatic events in the region. The possibility of this dyke being a distal segment of a larger magmatic body at depth, potentially responsible for the Temagami Magnetic Anomaly, is being evaluated.
Inventus believes that both the LLBB and exotic mafic dykes present excellent exploration targets. Inventus is planning its upcoming 2019 field season with emphasis on field observations and our newly acquired database of geophysical data, including detailed magnetic data produced by Falconbridge that was kindly provided by Glencore.
Click here for figures: globenewswire.com
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|From: molee||3/28/2019 10:09:51 AM|
|Grant of Options ...|
|Mar 27/19||Mar 26/19||Sutcliffe, Richard Harry||Direct Ownership||Options||50 - Grant of options||300,000|| |
|Mar 27/19||Mar 26/19||Spears, Stephan Michael Seydegart||Direct Ownership||Options||50 - Grant of options||500,000|| |
|Mar 27/19||Mar 26/19||Nils Frederik Jonas, Engelstad||Direct Ownership||Options||50 - Grant of options||300,000||$0.150|
|Mar 27/19||Mar 26/19||Nassif, Gary John||Direct Ownership||Options||50 - Grant of options||300,000||$0.150|
|Mar 27/19||Mar 26/19||Marrelli, Carmelo||Direct Ownership||Options||50 - Grant of options||150,000|| |
|Mar 27/19||Mar 26/19||Hunter, Douglas||Direct Ownership||Options||50 - Grant of options||300,000|| |
|Mar 27/19||Mar 26/19||Hall, Mark||Direct Ownership||Options||50 - Grant of options||300,000|| |
|Mar 27/19||Mar 26/19||Heatherington, Robert Scott||Direct Ownership||Options||50 - Grant of options||300,000|| |
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