Pardo Exploration Program
The objective at Pardo this season is to generate sampling data that will lead to the maiden mineral resource estimate for the project. To accomplish this, we have looked to other paleoplacer gold projects for insight into the procedures and techniques used. As with almost all paleoplacers, assays from drilling alone do not provide enough information about gold grade because of the uneven gold distribution and small sample size. Therefore, it is crucial to collect an adequate size sample to correctly measure the grade.
An instructive example of this type of sampling was carried out by Novo Resources at their
In recent years the Company has pursued large-scale bulk sampling as the best alternative to advance the project. In
There are three components to the
First, a 3D induced polarization (IP) survey will occur at the Cobalt Hill IOCG-type occurrence where drilling in March intersected 44 m of 1.3 g/t Gold, 0.04% Cobalt and 0.02% Nickel, including 7 m of 4.4 g/t Gold, 0.09% Cobalt and 0.03% Nickel (see press release
Second, we will carry out a regional airborne magnetotelluric (MT) survey. Previous exploration work by
Third, exploration including mapping, trenching, and drilling is planned for the Rathbun property, an occurrence featuring high-grade palladium, platinum, gold, nickel, and copper. The property was acquired by Inventus in
Exercise of Warrants
Inventus received approximately
2021 Annual Meeting
The 2021 Virtual Annual and Special Meeting of Shareholders (AGM) will occur on
An updated corporate presentation is available on the website at: http://www.inventusmining.com/presentations
Click here for Figure 1: http://www.inventusmining.com/s/Jun_8_Figure_1.pdf
For further information, please contact:
Mr.
Chairman and CEO
Tel: (647) 258-0395 x280
E-mail: info@inventusmining.com
About
Inventus is a mineral exploration and development company focused on the world-class mining district of
Neither
Qualified Person
The Qualified Person responsible for the geological technical content of this news release is
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.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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