INVENTUS Begins Exploration Drilling at Dorland Prospect
June 28 2023 - 4:39PM
Inventus Mining Corp. (TSX VENTURE: IVS)
(“Inventus” or the “Company”) is pleased to announce that
exploration drilling at its 100%-owned Dorland Prospect is
currently underway. The Dorland Prospect is a part of the Company’s
280-km2 Sudbury 2.0 Project and consists of a never-before-drilled
high-grade cobalt (Co) and accessory gold-copper-nickel (Au-Cu-Ni)
occurrence located 36 km northeast of Sudbury, Ontario.
The Company is starting a 1,000-meter diamond
drill program to test the surface mineralization at various depths
where a coincident geophysical anomaly exists. The anomaly was
recently generated from an induced polarization (“IP”) survey
conducted earlier in June that defines an area of strong
chargeability and low resistivity below and along a trend of
high-grade cobalt mineralization (see Figure 1).
This IP anomaly is a continuous 50 m wide and 200 m deep southward
trending feature extending to the bottom and southern limit of the
survey.
The Dorland prospect was acquired in 2021
because of its geological similarities and large size compared to
other Co-Au-Cu-Ni occurrences on the Sudbury 2.0 project. The
discovery of this untested polymetallic mineral system with
selective surface grab samples grading up to 1.2%
cobalt, 2.6 g/t gold, 0.51%
copper and 0.1% nickel has revealed a strong
exploration target that has now been correlated with an excellent
geophysical response.
The drilling program is anticipated to occur
over the next three weeks with updates to follow.
Link to Figure 1:
http://inventusmining.com/s/June_28_Figure.jpg
For further information, please contact:
Mr. Stefan SpearsChairman and CEOInventus Mining Corp.E-mail:
stefan@inventusmining.com
About Inventus Mining Corp.
Inventus is a mineral exploration and
development company focused on the world-class mining district of
Sudbury, Ontario. Our principal assets are a 100% interest in the
Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral
Project located northeast of Sudbury. Pardo is the first important
paleoplacer gold discovery found in North America. Inventus has
approximately 164.8 million common shares outstanding.
Visit http://www.inventusmining.com for more
information.
Neither TSX-V nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
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
technical content of this news release is Inventus’ Vice-President
Exploration, Wesley Whymark, P.Geo., who has reviewed and approved
the technical disclosure in this news release on behalf of the
Company.
Forward-Looking Statements
This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”.
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements
are based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations.
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