Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Inventus Mining Corp V.IVS

Alternate Symbol(s):  GNGXF

Inventus Mining Corp. is a Canada-based exploration company. The Company is focused on the development of its gold and critical metals projects located east of the world class mining district of Sudbury, Ontario. The Company holds two 100% owned projects, Pardo Gold and Sudbury 2.0 Polymetallic Gold. The Pardo Paleoplacer Gold Project is located in Ontario, Canada, approximately 65 kilometers (km) northeast of the mining district of Sudbury. The Pardo Project consists of a 3.8 square kilometers (km2) block of mineral leases and 180 km2 of mineral claims covering the target paleoplacer geology. The Sudbury 2.0 Project is located east-northeast of Sudbury, Ontario. The property is accessible by road. The Sudbury 2.0 project consists of 240 km2 of mineral claims covering the Temagami Anomaly. The Company owns a 100% interest in the property. In addition, the Company, through Conquest Resources, holds claims to the east of the Sudbury 2.0 Project Area.


TSXV:IVS - Post by User

Comment by HurricaneRickon Jan 01, 2021 11:05am
150 Views
Post# 32207175

RE:Drill Hole Assays

RE:Drill Hole AssaysIf I'm interpreting the last press release correctly, it appears the company is leaking (rather hinting) the results of the first hole (WL-20-01) will be comparable to the Wolf Lake hole drilled in 1990 (WL-90-03).  From the PR:

"The first hole drilled by Inventus, WL-20-01, was designed to replicate historic drill hole WL-90-03 that intersected: 16.6 g/t gold over 22.4 m including 154.9 g/t over 1.1 m and 61.6 g/t over 1.8 m"

Also:

"Drill hole WL-20-01 intersected 24 m (from 28 to 52 m) of mineralized hydrothermal alteration and vein breccia surrounded by Sudbury breccia with disseminated and blebby sulfide including pyrite, chalcopyrite, chalcocite, covellite, bornite and malachite (see Figures 1 and 2). The mineralization in the hole is very encouraging and demonstrates the polymetallic nature of the mineralization."

In the WL-90-03 drill results that were provided in the PR, there was mineralization from 29 meters to 54 meters and now the company stated that they intersected mineralization from 28 to 52 meters. I don't think it's a stretch for shareholders to assume that the forthcoming assays will be comparable to those in 1990.
<< Previous
Bullboard Posts
Next >>