Continuity Confirmation Of Shallow Gold Mineralization At Pardo Gold Project

TORONTO - Inventus Mining Corp. reported on the 80-hole Phase 1 Resource Drill Program at Pardo Gold Project located 65 km east of Sudbury, Ontario.

The program was designed to sample areas of shallow, flat-lying gold mineralization to establish continuity and consistency of gold grades. Results from the program have successfully confirmed continuity of the gold mineralization within 18 metres of surface which remains open for expansion. The Phase 1 drill results have clearly demonstrated the project’s merits highlighting the potential for rapid development of a low-cost, surface mining operation.

The results from the Phase 1 Resource Drill Program have provided a foundation and methodology to further define the gold mineralization and develop a mineral resource estimate on the property. The current drilling has defined the 2-metres-thick mineralized unit over an area of approximately 400 by 550 metres in size, which remains open for further expansion. A follow-up phase 2 drill program is planned and will focus on expanding the mineralization prior to a mineral resource estimate. The company is also assessing the opportunity to utilize its 50,000-tonne bulk sample permit on the property. As part of the Phase 1 drilling, the permitted bulk sample area was tested to demonstrate the gold grade of a future bulk sample site.

“The final results from our Phase 1 drill program have confirmed that the gold-bearing reef at Pardo is continuous, remains open for expansion, and can be defined with large diametre core,” said Wesley Whymark, President and Head of Exploration. “These results strongly reinforce our goal of developing a low-capital, high-margin surface mining operation. With year-round access and proximity to Sudbury’s world-class mining infrastructure, Pardo presents a compelling opportunity for near-term development. Moving forward, we plan to pursue additional bulk sampling alongside a Phase 2 resource drill program. Additional bulk sampling will demonstrate more confidence of the gold grade and project economics, while the phase 2 drilling will define a larger area of gold mineralization and set the stage for a maiden resource estimate.”