Inventus Mining Corp V.IVS

Maiden Resource Update

[shneps]

Had a nice talk with Wes this morning.
Financing is closing very soon.
They also have received an additional $200,000 from the province for exploration.
Looking to perform about a 1,000M of drilling at an incredibly low cost of about $6-10/M.
Moving forward they want to complete drilling on the pattern spacing recommended by Snowden to a maximum depth of 15M. This will be Phase One that they are looking to complete before Christmas (drill rig tentatively on site next week), with core analysis via photon assay. There will be a lot of core to process and they are hoping to have completed through January/February. During this time Wes will be working on the maiden resource for Phase 1 of the project.
Good things moving forward.
Cheers

[oceaneleven]

A few insiders did a little filing last Friday 

[shneps]

Drilling 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

[shneps]

I should also point out that the resource estimate is very much a phased process on this project. Who can put out an initial resource with a only 3,000M drill program.

[oceaneleven]

Another insider buy filed yesterday..