Exploration work is ongoing on the
McCarthy Paleoplacer Prospect
The new claims in McCarthy Township were staked around a 2014 drill hole, MC-14-01, that had several intersections of gold-bearing conglomerates with assays up to 7.5 g/t gold over 0.5 m, and 1.1 g/t gold over 0.4 m at a depth of 800 metres.
The drill hole is located 17 km west-northwest of
Inventus has recovered the 2014 drill core and an examination of the core has revealed that significant intervals of Sudbury Breccia occur above the older sediments. The core is in good condition and will serve as an excellent starting point for exploration in the area.
Geological mapping by
Old land claims (circa 1890's) were identified within the new staked claims on the south shore of
During late-February and early-March, Abitibi Geophysics completed ground induced polarization (IP) surveys over the Laura Creek Offset Dyke and the
Shortly after completion of the IP surveys, a five-hole core drilling program was initiated at
Ground reconnaissance above the IP chargeability anomalies at
Pardo Project Update
Inventus has submitted its permit application for a 50,000-tonne bulk sample on the
About
Inventus is a mineral exploration and development company focused on the world-class mining district of
Contact:
Tel: (647) 258-0395 x280
Email: info@inventusmining.com
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.
(C) 2020 Electronic News Publishing, source