TORONTO, March 05, 2019 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS)
(“Inventus” or the “Company”) is pleased to provide an update about exploration activities on its 100% owned Sudbury 2.0 property
(the “Property”) located northeast of Sudbury, Ontario.
During the 2018 field season, Inventus discovered and mapped a contiguous belt of Sudbury breccia over a
distance of 14 km with potential to extend it over 30 km. The breccia belt is located above the Temagami Magnetic Anomaly and
further validates the Sudbury 2.0 exploration concept. Inventus plans to explore the breccia belt in greater detail and compare it
to Sudbury’s South Range Breccia Belt that hosts the Frood-Stobie deposit.
Additionally, Inventus has also found two exotic mafic dykes on the Property. The mafic dykes have different
lithological and geochemical characteristics to any known intrusive rocks in the regional area. The two mafic dykes are being
studied in detail to determine their geological relationship to both the Temagami Magnetic Anomaly and Sudbury Igneous Complex
(SIC).
With the identification of unexplored Sudbury-type geology found on surface, a stronger geological connection
has now been made between the Temagami Magnetic Anomaly and the Sudbury Basin. These new findings suggest there is good exploration
potential for magmatic Ni-Cu-Pt-Pd mineralization and associated hydrothermal Au-Cu-Co-Ni mineralization over a large area of the
Property.
Sudbury Breccia Belt
Geological mapping during the 2018 field season lead to the discovery of a previously unrecognized 14 km belt of
Sudbury breccia. The breccia belt, named the Laundry Lake Breccia Belt (LLBB), occurs above the western peak of the Temagami
Magnetic Anomaly and along a regional gravity discontinuity, suggesting the breccia belt was emplaced along a major regional
structure (see Figure 1 for the location of the breccia belt with total gravity and magnetic maps).
The LLBB was found to contain a variety of different rock types as inclusions, with at least two different
exotic mafic rock types of an unknown origin. The variety of rock types differing from the surrounding geology suggests that the
breccia clasts were transported significant distances. This is an uncommon occurrence in the region and demonstrates similarities
with both the South Range Breccia Belt (SRBB) and footwall-type breccia that occur along the footwall of the Sudbury Igneous
Complex (SIC). The SRBB hosts the Frood-Stobie deposit, the largest ore deposit in the Sudbury Basin and one of the largest single
deposits in the world. It appears that the new LLBB is the only other breccia structure analogous to the SRBB occurring around the
SIC. Inventus plans to use the SRBB and the Frood-Stobie deposit as a model to guide future exploration on the Property.
Mafic Dykes
Two exotic mafic dykes were also mapped on the Property during the 2018 field season (See Figure 1 for the
location of the mafic dykes with total gravity and magnetic map backgrounds).
Tholeiite Diorite Dyke
This dyke was observed intruding the Huronian Supergroup sediments with a near vertical dip and was mapped in
two sections for a combined length of 5.7 km. Initial analysis of the dyke revealed some lithological similarities to quartz
diorite offset dykes that are found radiating from the Sudbury Igneous Complex (SIC), including anomalous platinum and palladium
values. Both sections of the dyke share the same NE-SW strike and are likely connected for a total length exceeding 8 km. The
southwest extent of the dyke could project back to the SIC, similar to other offset dykes found radiating from the Sudbury
Structure. The north-eastern section of the dyke is spatially associated with known hydrothermal Au-Cu and Au-Co-Ni mineralization
and the newly identified LLBB (see Figure 2).
Previous exploration of the hydrothermal mineralization by Flag Resources at the Wolf Lake and Cobalt Hill areas
did not recognize the significance or possible genetic relationship between the mafic dyke, Sudbury breccia, and the SIC. An
examination of Flag’s historic exploration data revealed the mafic dyke was intersected in multiple drill holes near the
hydrothermal Cu-Au mineralization, and only one 10 m section of the mafic dyke appears to have ever been assayed, which returned
1.1 g/t gold over 9.3 m. It appears from the historic account that the mafic dyke was not analyzed for platinum or palladium.
Alkaline Diorite Dyke
This dyke was mapped over 1 km above the western peak of the Temagami Magnetic Anomaly where it has an intrusive
contact with the Huronian Supergroup sediments (see Figure 2 for location). The dyke is moderately magnetic with a near vertical
dip and has a NW-SE strike. The contact of the dyke with the LLBB was not observed, however, clasts of the dyke were found in the
breccia (see Figure 3). The alkaline diorite dyke is older then the Huronian sediments but younger then the Sudbury Event and does
not correlate with any intrusive magmatic events in the region. The possibility of this dyke being a distal segment of a larger
magmatic body at depth, potentially responsible for the Temagami Magnetic Anomaly, is being evaluated.
Inventus believes that both the LLBB and exotic mafic dykes present excellent exploration targets. Inventus is
planning its upcoming 2019 field season with emphasis on field observations and our newly acquired database of geophysical data,
including detailed magnetic data produced by Falconbridge that was kindly provided by Glencore.
Click here for figures: http://inventusmining.com/s/Mar_5_Figs.pdf
About Inventus Mining Corp.
Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury,
Ontario. Our principal asset is a 100% interest in the advanced exploration stage Pardo Paleoplacer Gold Project located 65 km
northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 110,301,069
common shares outstanding (123,925,235 shares on a fully diluted basis).
For further information, please contact:
Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E-mail: info@inventusmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, regulation
services provider, securities commission or other regulatory authority has approved or disapproved the information contained in
this news release.
Qualified Person
The Qualified Person responsible for the geological technical content of this news release is Wesley Whymark,
P.Geo., who have reviewed and approved the technical disclosure in this news release on behalf of the Company.
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 the Company’s future plans, objectives or goals,
including words to the effect that the Company 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”, “if”,
“yet”, “potential”, “undetermined”, “objective”, 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 the Company, the Company 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, the Company’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 delays in obtaining or failures to obtain required governmental, environmental or other project approvals,
political and legal 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 the
Company’s public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information
in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.
