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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

Post by oceanelevenon May 01, 2022 5:00pm
215 Views
Post# 34646271

Exciting Times ahead!!!

Exciting Times ahead!!!

So Gravity concentrates now shipped as per blog...awaiting assay results and then Flotation concentrates get shipped...

Gravity concentrates are typically very high grade and small quantity. The process is very selective because the equipment is only designed to separate 1 to 2 tonnes of concentrates per day of milling. Gravity concentrates initially have high moisture, they need to dry out some before they can be weighed and sampled, which we have now done.

Flotation concentrates are lower grade and much higher quantity. One of the main reasons we don’t have a firm result from the bulk sample yet is that we don’t have an accurate weight or assay for the flotation concentrate. The only method available to accurately weigh the product is to load it into trucks and put them on a scale (ie when we sell it). Sure, we have a ballpark number, but that’s not even close to good enough for a reportable figure.

So we have a good handle on the gold in gravity concentrates. We also have a good handle on the grade in the tailing (the gold that was lost in the process), and this indicated the mill was highly efficient at separating the gold in the bulk sample (great news).

More good news, we are close to shipping the gravity concentrates to the end-buyer, and once a few more assay results are in, we expect to do the same with the flotation concentrates. This will enable us to properly weigh and sample the flotation concentrates. It’s just taken us a little longer than expected to get to this point.

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