An induced polarization (IP) survey was successfully completed and intriguing new exploration targets at
IP at the Big Valley
The Doon Lake North IP survey outlined a near surface IP anomaly located on the southeast part of the grid. The target is chargeable coincident with low resistivity indicating moderate sulfides are present (see Figure 2). The target is situated along a north-south structure that may be controlling the hydrothermal mineralization in the area.
The IP anomalies at both
Laura Creek Offset Dyke
Now that drilling has established the dip, thickness and lithology of the offset dyke, effective exploration techniques employing geophysics can be initiated along the known 5-kilometre extent of the dyke. These techniques are well-established in
COVID-19
To address health concerns associated with the global COVID-19 pandemic, new operational procedures have been implemented across the Company to protect the health of our small workforce and their local communities, while facilitating the execution of our exploration programs on the
Stock Option Amendment
Inventus announces that the board of directors has approved the amendment to 677,500 stock options with an exercise price of
Figures 1-3: http://www.inventusmining.com/s/May_20_Figures_1-3.pdf
About
Inventus is a mineral exploration and development company focused on the world-class mining district of
For further information, please contact:
Mr.
Chairman and CEO
Tel: (647) 258-0395 x280
E-mail: info@inventusmining.com
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.
Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources at Pardo, the inability to complete a feasibility study which recommends a production decision, the preliminary and limited nature of metallurgical test results (including the result of the bulk sample as described herein), delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political and legal risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR.
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.
Source:
2020 GlobeNewswire, Inc., source