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Inventus Gives Sudbury Drilling Replace 2.0 TSX Enterprise Change: IVS

By on March 22, 2021 0

TORONTO, March 22, 2021 (GLOBE NEWSWIRE) – Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Firm”) declares assay outcomes from its Lake Zone drill program, a part of its 100% owned Sudbury 2.0 challenge close to Sudbury, Ontario .

The strengths of drilling embody:

  • 18.5 m of seven.0 g / t gold (retired) from gap WL-20-01
  • 0.5 m of 36.4 g / t gold and 25.3 m of 1.2 g / t gold from gap WL-21-02
  • Very irregular dosages as much as 4.5 g / t gold gap WL-21-03
  • Very irregular dosages as much as 6.6 g / t gold gap WL-21-04

A complete of seven holes have been accomplished as half of the present exploration program; 4 have been situated within the lakes space and three at Cobalt Hill about 1 km to the south. Cobalt Hill outcomes would be the topic of a subsequent press launch.

Inventus drilling within the lake space confirmed the presence of a big mineralized sulphide breccia construction underneath the lake (Determine 1). The mineralized breccia physique seems to be a steady unit with a NE-SW trending and slopes steeply to the east. The high-grade gold intersections of holes WL-20-01 and WL-21-02 recommend that this breccia physique has glorious exploration potential with a size of over 500 meters.

The mineralized breccia unit varies in thickness and sulphide content material alongside the strike indicating that most popular fluid pathways and / or buildings could harbor excessive grade polymetallic mineralization. An excellent correlation between sulphides, primarily pyrite, and polymetallic gold mineralization can enable us to focus on increased grade zones utilizing geophysical strategies. To refine our capability to focus on excessive grade mineralization by drilling within the lake space, Inventus is getting ready to conduct an Induced Polarization (IP) survey.

The outcomes of the analyzes of the lake space and an outline of every of the 4 holes are offered beneath.

Borehole WL-20-01 examined the mineralization of the historic outcrop and effectively space (see press launch dated January 19, 2021). A complete of 10 drill core samples have been reanalyzed utilizing the steel display screen technique to account for coarse gold. 8 of the ten samples returned a better gold grade with a mean improve of 28% in grade. The drill intersection, together with steel display screen assays, is now reformulated as 18.5 meters of seven.0 g / t gold, 0.8% copper and 0.02% cobalt from 33 m to 51 m on the backside of the opening. See some drill core intervals in Desk 1 and a cross part of the borehole in Determine 2.

Desk 1. WL-20-01 Assay intervals, together with reanalyzed wire sieve samples.

Gap ID From (m) To M) Interval (m) Au (g / t) Cu (%) Co (%)
WL20-01 32.80 51.30 18.50 7.0 0.8 0.02
Together with 38.57 39.30 0.73 21.1 1.9 0.03
and 41.35 43.25 1.90 14.2 1.8 0.04
and 45.81 46.35 0.54 30.4 1.8 0.09
and 48.52 51.31 2.79 16.8 0.5 0.04

* Gaps are core lengths, true widths not identified.
Borehole WL-21-02 was designed to check mineralization at a depth of roughly 200 meters beneath the floor. A slim sulphide vein carrying 36.4 g / t gold was intersected 13.5 meters down the opening close to the mineralized zone in gap WL-20-01. The outlet intersected 113 meters of hydrothermal breccia with variable pyrite and chalcopyrite mineralization from roughly 367 m to 480 m within the backside of the opening. The mineralized breach had 25.3 meters of 1.2 g / t gold and 0.02% cobalt from 454 to 480 meters together with 9.2 meters of two.3 g / t gold and 0.05% cobalt. See some take a look at intervals in Desk 2 and a cross part of the opening in Determine 2.

Desk 2. WL-21-02 Abstract of take a look at intervals.

Gap ID From (m) To M) Interval (m) Au (g / t) Co (%)
WL-21-02 13.57 14.11 0.54 36.4 0.05
and 454.42 479.72 25.3 1.2 0.02
together with 460.98 470.14 9.16 2.3 0.05
together with 460.98 461.55 0.57 6.2 0.07
together with 469.55 470.14 0.59 11.9 0.07

* Gaps are core lengths, true widths not identified.

Borehole WL-21-03 intersected 156 meters of alteration and hydrothermal breccia from 12 to 168 meters roughly 400 meters north alongside strike WL-21-02. See some take a look at intervals in Desk 3 and a cross part of the opening in determine 3.

Desk 3. WL-21-03 Abstract of take a look at intervals.

Gap ID From (m) To M) Interval (m) Au (g / t) Cu (%)
WL-21-03 82.66 83.28 0.62 2.6 1.6
WL-21-03 90.45 90.66 0.21 0.9 2.2
WL-21-03 94.11 94.44 0.33 3.7 2.2
WL-21-03 128.32 128.79 0.47 0.5 0.4
WL-21-03 132.41 133.11 0.70 1.1 n / s
WL-21-03 135.33 136.37 1.04 1.4 n / s
WL-21-03 140.83 141.34 0.51 2.4 n / s
WL-21-03 141.86 143.49 1.63 3.9 0.8
WL-21-03 145.99 148.00 2.01 3.1 n / s
WL-21-03 158.25 160.12 1.87 1.9 n / s

* Gaps are core lengths, true widths not identified. n / s – no important worth

Borehole WL-21-04 intersected the alteration and hydrothermal breccia 100 meters to the south and the downward dip of the intersection into WL-21-03. A 32 meter low grade intersection of 0.4 g / t gold was intersected from 384 to 416 meters. See some take a look at intervals in Desk 4 and a cross part of the opening in Graph 4.

Desk 4. WL-21-04 Abstract of take a look at intervals.

Gap ID From (m) To M) Interval (m) Au (g / t) Cu (%) Co (%)
WL-21-04 123.23 123.88 0.65 6.6 0.3 n / s
and 383.98 416.10 32.12 0.4 n / s n / s
together with 383.98 385.95 1.97 1.4 n / s 0.04
and 397.46 401.53 4.07 0.8 n / s n / s
and 406.02 407.04 1.02 1.2 n / s n / s

* Gaps are core lengths, true widths not identified. n / s – no important worth

Figures 1 to three. http://www.inventusmining.com/s/March_22_Figs.pdf

For extra info, please contact:

Mr. Stefan Spears
President and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E mail: [email protected]

About Inventus Mining Corp.

Inventus is a mining exploration and growth firm targeted on the world-class mining district of Sudbury, Ontario. Our major belongings are a 100% curiosity within the Pardo Paleoplacer gold challenge and the Sudbury 2.0 challenge situated northeast of Sudbury. Pardo is the primary important paleoplacer gold discovery present in North America. Inventus has roughly 130,500,000 frequent shares excellent.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

Certified individual

The Certified Individual chargeable for the geological technical content material of this press launch is Wesley Whymark, geo., Who has reviewed and accepted the technical launch of this press launch on behalf of the corporate.

Technical informations

The samples collected by Inventus described on this launch have been transported in safe sealed baggage for preparation and evaluation by Agat Laboratories in Mississauga, Ontario. The reported samples have been floor of their entirety at 75% passing -10 mesh, with a 500 g sub-sample divided and pulverized at 85% passing 200 mesh. A 50 g aliquot was taken from the sub-sample for the hearth take a look at (FA) with an ICP-MS / ICP-OES / AAS end. Multi-element assays have been carried out by sodium peroxide fusion with ICP-OES / ICP-MS end. Samples over 10 g / t gold have been subjected to a 50 g FA aliquot with gravimetric end. The brand new assays have been carried out utilizing a 500 g wire sieve, the destructive fraction was subjected to 90% passing 150 mesh with two 50 g FA and the plus fraction was subjected to FA till completion with gravimetric end. .

Ahead-looking statements

This press launch consists of sure “forward-looking statements” that aren’t made up of historic info. Ahead-looking statements embody estimates and statements that describe the corporate’s future plans, aims or targets, together with phrases indicating that the corporate or administration expects a situation or reported outcome to happen. Ahead-looking statements could also be recognized by phrases equivalent to “believes”, “anticipates”, “expects”, “estimates”, “may”, “may”, “would”, “if”, “nonetheless”, “ potential ”,“ Undetermined ”,“ goal ”or“ plan ”. As a result of forward-looking statements are primarily based on assumptions and cope with future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Though these statements are primarily based on info at the moment out there to the corporate, the corporate supplies no assurance that precise outcomes will meet administration’s expectations.

The dangers, uncertainties and different components concerned in forward-looking info may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking info. Ahead-looking info contained on this press launch consists of, however just isn’t restricted to, the Firm’s aims, targets or future plans, statements, exploration outcomes, potential mineralization, mineral useful resource estimate , mining exploration and growth plans, when to start out operations. and estimates of market circumstances.

Elements that might trigger precise outcomes to vary materially from this forward-looking info embody, however usually are not restricted to, the shortcoming of our exploration to establish mineral assets, delays in acquiring or failing to acquire authorities, environmental or different challenge approvals required, authorized insurance policies and dangers, lack of ability to fulfill the responsibility to accommodate of First Nations and different Indigenous peoples, uncertainties concerning the provision and prices of funding needed for the long run, adjustments in inventory markets, inflation, adjustments in change charges, fluctuations in commodity costs, delays in challenge growth, capital and working prices various considerably from estimates and different inherent dangers to the mining exploration and growth business, in addition to the said dangers within the Firm’s public paperwork filed on SEDAR.

Though the Firm believes that the assumptions and components utilized in getting ready forward-looking info on this press launch are affordable, one shouldn’t place undue reliance on such info, which solely applies as of the date of this press launch. press, and no assurance will be heard that such occasions will happen inside the disclosed timeframe or by no means. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case, besides as required by legislation.

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