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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 shnepson Jan 25, 2021 2:00pm
145 Views
Post# 32377112

RE:Hey Shneps

RE:Hey ShnepsYou asked for my opinion but you might not like what I have too say.

Conquest : 
Would like to see it in the $0.20 - $0.24 range. Needs a couple of interesting exploration step out holes to even get there. Obviously something great it's in the 30's. They are really just poking some holes to check on some long standing hunches and hoping for a hit. Like to see what comes of the Belfast views but this is early looks also.

Inventus :
Next assays may push into the thirties but it will retrace again. They will need more money for summer drilling. The issue with Wolf Lake is it will never be mined from the current location they are currently drilling. Stop screaming and read on.
Wolf Lake is a very sensitive area to environmentalist and is within a forest reserve area. The fact they are drilling here at all is quite amazing actually. If they can can get a better understanding of the directions this ore body is feeding from there may be a possibility. If the intrusion is coming from the Laundry Lake Fault (which is what I personnaly suspect) and they can trace it there, they may get approvals for mining on the east side of the hill, shaft underground and extract the Wolf Lake deposit from there. What the canoeists and environmentalists can see won't hurt them.
Hopefully they can continue defining Wolf and Cobalt but mining will be a totally different animal.
The other areas which they are performing exploration on may/may not produce some interesting hits. Much like Conquest.

As for Pardo, they need to get the Temagami First Nations on board. This will not proceed without their backing and involvement. Pardo has excellent possibilities but in order to extract all this shallow high grade gold you need to make a huge environmentally sensitive foot print upon the area. Probably the reason they are only looking at drilling and not bulk sampling currrently.

2.0 and Pardo have tremendous potentials but also some large hurdles past the exploration stage. Still a long time before some of these hurdles need to be addressed but they do linger in the background.
Trying not to be a downer just realistic.
And you asked.
Cheers

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