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Bullboard - Stock Discussion Forum
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.
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TSXV:IVS - Post Discussion
Inventus Mining Corp
> 2024/2025
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•••
Globes
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Post by
Globes
on Oct 22, 2024 9:41am
2024/2025
Does anyone know if they willl use the money for any exploration, or is the cash just to keep the lights on while they sit on their hands for another year?lol
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•••
shneps
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Comment by
shneps
on Oct 22, 2024 9:47am
The monies raised are for advancing the Pardo paleoplacer gold deposit to their inaugaral resource estimate. It has been a very difficult market to raise funds and so IVS went into a money saving mode until things begin to turn around. That is what they are executing now with the initial money raised and the much needed management changes to get the company up and moving again on a day to day
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