TORONTO, ONTARIO--(Marketwired - March 1, 2016) - Inventus Mining Corp. ("Inventus" or the "Company") (TSX VENTURE:IVS) is pleased to announce that Sprott Mining Inc. ("Sprott Mining") has agreed to act as operator to manage the Pardo Joint Venture ("Pardo JV") between Mount Logan Resources Ltd. ("Mount Logan") and Endurance Gold Corporation ("Endurance"). Mount Logan is owned 100% by Inventus and owns 64.5 percent of the Pardo JV with 35.5 percent owned by Endurance. As operator of the Pardo JV, Mount Logan has arranged with Sprott Mining to act on the company's behalf to develop a comprehensive bulk sampling program for the Pardo JV property commencing in 2016. A Pardo JV management committee meeting will be convened as soon as practicable to plan and approve the technical aspects of the program.
"Sprott Mining Inc. is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America. The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects." (taken from http://www.sprottmining.com)
Inventus is also pleased to welcome Mr. Greg Gibson President and CEO of Sprott Mining to the board of directors of Inventus. Mr. Gibson has more than 30 years of mining industry experience in Canada, the USA and Australia. He was President and CEO of Trelawney Mining and Exploration during the discovery and advancement of the Cote Lake South gold deposit near Timmins, Ontario and the subsequent acquisition of the company by IAMGOLD Corporation in June 2012.
"We are excited that Greg and his team will be taking the Pardo Project to the next level of its development as the first paleo placer gold deposit in Canada," said Wayne Whymark Chairman and CEO of Inventus.
Cautionary Note Regarding Forward-Looking Statements: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Inventus' future plans, objectives or goals, including words to the effect that Inventus or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Inventus, Inventus provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, statements related to successful completion of the Offering, completion of the Consolidation, Inventus's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to complete the Offering as contemplated or at all, failure to affect the Consolidation, to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Inventus' public documents filed on SEDAR. Although Inventus has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Inventus' plans, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Inventus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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