1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. Inventus Mining Corp.
  6. News
  7. Summary
    IVS   CA4612172003

INVENTUS MINING CORP.

(IVS)
Delayed Bourse de Toronto  -  03:36 2022-06-30 pm EDT
0.1000 CAD   -9.09%
06/30INVENTUS MINING : Corporate Presentation - June 30, 2022
PU
06/30Inventus Mining, Critical Mineral Flow-Through Private Placement and Unit Offering
AQ
06/29Inventus Mining Reports Critical Mineral Flow-Through Private Placement, Unit Offering; Down 8.7%
MT
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Inventus Mining Drills 111.45 Metres of 1.35 gt AuEq at Cobalt Hill

04/12/2022 | 10:40am EDT

TORONTO - Inventus Mining Corp. (TSX VENTURE: IVS) ('Inventus' or the 'Company') is pleased to announce assay results from drilling at the Cobalt Hill target on its 100%-owned Sudbury 2.0 Project near Sudbury, Ontario.

Drilling highlights include: Hole CH-22-05A intersected 111.45 m of 1.35 g/t gold equivalent (AuEq)1 including 1.24 m of 8.35 g/t AuEq including 3.87 m of 4.13 g/t AuEq

Hole CH-22-06 intersected 37.1 m of 1.61 g/t AuEq including 2.03 m of 7.44 g/t AuEq

Results are pending for an additional seven drill holes with intercepts of the sulphide breccia.

At the Cobalt Hill gold-cobalt-nickel target, 13 diamond drill holes have been completed in 2022 for a total of 4,133 metres of drilling. To date, assay results for holes CH-22-01 through CH-22-05A and partial assays for CH-22-06 have been received.

In the northwest part of Cobalt Hill, hole CH-22-05A was the first hole of this campaign to test the continuity of sulphide breccia below and to the west of the intersection in hole CH-21-02 drilled last year. Hole CH-22-05A is a step out of approximately 40-m from last year's drilling, encountered a continuous mineralized intercept of 111 m from 200 to 311 m with interspersed high-grade gold. It also contained the highest individual cobalt assay observed in drilling to date of 3,350 ppm. The geological control of these high-grade sections is currently not well understood.

Hole CH-22-05A intersected 111.45 m of 1.35 g/t AuEq from 200 m down hole, 0.75 g/t gold (Au), 448 ppm cobalt (Co) and 135 ppm nickel (Ni); including 1.24 m of 8.35 g/t AuEq, 6.86 g/t Au, 1,124 ppm Co and 320 ppm Ni and including 3.87 m of 4.13 g/t AuEq, 3.41 g/t Au, 546 ppm Co and 155 ppm Ni.

Hole CH-22-06 testing the up-dip extent in CH-22-05A, intersected an upper sulphide breccia zone from 71.65 to 108.75 m. Assays have not yet been received for the lower sulphide breccia zone in CH-22-06 from 160 to 237 m (77 m).

Hole CH-22-06 intersected 37.1 m of 1.61 g/t AuEq from 72 m down hole, 1.26 g/t Au, 261 ppm Co and 78 ppm Ni; including 2.03 m of 7.44 g/t AuEq, 7.10 g/t Au, 241 ppm Co and 102 ppm Ni and 0.76 m of 10.80 g/t AuEq, 7.50 g/t Au, 2,520 ppm Co and 612 ppm Ni.

The remaining seven holes with assays pending, all tested the mineralization at the northwest edge of Cobalt Hill from surface to 300 m vertical depth. All seven holes intersected the sulphide breccia with various intervals ranging from 30 to 174 m in length.

The drill program has outlined a large hydrothermal system at Cobalt Hill with broad intervals of continuous gold-cobalt-nickel mineralization at the northwest edge that remains open at depth below 300 m. Work is focused on understanding the geologic controls on gold, cobalt and nickel mineralization and modelling the mineralization in three dimensions.

Contact:

Mr. Stefan Spears

Tel: (647) 258-0395

Email: 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 Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 140.6 million common shares outstanding.

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.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about INVENTUS MINING CORP.
06/30INVENTUS MINING : Corporate Presentation - June 30, 2022
PU
06/30Inventus Mining, Critical Mineral Flow-Through Private Placement and Unit Offering
AQ
06/29Inventus Mining Reports Critical Mineral Flow-Through Private Placement, Unit Offering;..
MT
06/29INVENTUS MINING : Corporate Presentation - June 29, 2022
PU
06/29Inventus Mining Reports Critical Mineral Flow-Through Private Placement, Unit Offering
MT
06/29INVENTUS MINING : Critical Mineral Flow-Through Private Placement and Unit Offering
GL
06/29INVENTUS MINING : Critical Mineral Flow-Through Private Placement and Unit Offering
AQ
06/29Inventus Mining Corp. announced that it expects to receive CAD 0.9975 million in fundin..
CI
06/16INVENTUS MINING : 2022 AGM Presentation - June 16, 2022
PU
06/14Inventus Mining Corp. Drills 97.5 m of 1.19 gt AuEq including 3.3 m of 6.8 gt AuEq at C..
AQ
More news
Financials
Sales 2021 - - -
Net income 2021 -4,16 M -3,22 M -3,22 M
Net cash 2021 0,62 M 0,48 M 0,48 M
P/E ratio 2021 -5,40x
Yield 2021 -
Capitalization 14,1 M 10,9 M 10,9 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 65,1%
Chart INVENTUS MINING CORP.
Duration : Period :
Inventus Mining Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Stefan M. Spears Chairman & Chief Executive Officer
Carmelo K. Marrelli Chief Financial Officer
Douglas Hunter Independent Director
Nils F. Engelstad Independent Director
Richard H. Sutcliffe Independent Director
Sector and Competitors
1st jan.Capi. (M$)
INVENTUS MINING CORP.-41.18%11
BHP GROUP LIMITED-3.49%137 591
RIO TINTO PLC-1.18%97 862
GLENCORE PLC13.34%66 746
ANGLO AMERICAN PLC-6.55%41 212
SAUDI ARABIAN MINING COMPANY (MA'ADEN)27.01%32 696