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Inventus Mining Corp V.IVS

Alternate Symbol(s):  GNGXF

Metals & Mining Gold
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

Inventus Mining Corp > Maiden Resource Update
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Comment by shnepson Nov 13, 2024 7:41am
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Post# 36309795

RE:RE:Maiden Resource Update

RE:RE:Maiden Resource UpdateDrilling is beginning in a couple of weeks. Some areas require clearing and the driller is running behind, as usual. Wes is actually hoping to have the drilling completed at a very low cost of $6 to $7 per metre. The deposit, and the utilization of this drilling pattern is beneficial from two standpoints. One, it clearly defines between the gold bearing reef, cover rock and basement rock. When it comes to mining the open pit (if the orebody is not directly on surface) the cover rock can be removed (waste rock) and only the actual orebody is taken. Secondly, from the surface the drilling pattern merely extends out with vertical drill holes to following the reefs and define the higher grade zones for exploitation. As with a placer gold deposit in a river the higher concentrations of gold are towards the bottom of the reefs. i.e. 36.5g/t over 31M and 28.7g/t over 20M in channel cuts. I believe $MUX has made a very nice first entry here.
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