TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) — Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Firm”) is happy to announce assay outcomes from its first drill gap WL-20-01 and particulars about its second drill gap WL-21-02, a part of an ongoing 3,000-metre drill program at its 100%-owned Wolf Lake and Cobalt Hill properties close to Sudbury, Ontario.
A complete of 556 metres of drilling has been accomplished to this point with a minimal of seven extra holes deliberate on the Wolf Lake and Cobalt Hill targets. The preliminary drill program is designed to correctly pattern the polymetallic gold mineralization and take a look at the mineralized constructions at depth.
Drill gap WL-20-01 was vertical and designed to check the close to floor mineralization, it intersected:
| From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Co (%) | |
| WL-20-01 | 32.8 | 51.3 | 18.5 | 6.6 | 0.76 | 0.018 |
| together with | 38.6 | 39.3 | 0.7 | 21.1 | 1.94 | 0.032 |
| and | 41.4 | 43.3 | 1.9 | 13.9 | 1.83 | 0.036 |
| and | 45.8 | 46.4 | 0.5 | 26.5 | 1.75 | 0.087 |
| and | 48.5 | 51.3 | 2.8 | 14.7 | 0.49 | 0.036 |
The primary gap has validated the presence of polymetallic mineralization with particular person core assays as much as 35.9 g/t Au, 3.97% Cu, 410 ppm nickel and 0.115% Co. Full assay outcomes are supplied in Desk 1 and a location map will be seen in Determine 1.
Drill gap WL-21-02 is at the moment at a depth of 477 metres and has intersected the mineralized breccia roughly 200 metres under floor. The outlet intersected 152 metres of intense metasomatic alteration and hydrothermal breccia with variable pyrite and chalcopyrite mineralization from roughly 325 to 477 metres. Choose mineralized core intersections are supplied in Determine 1. Drilling remains to be underway.
Stefan Spears, CEO of Inventus mentioned, “We’re very happy to lastly be drilling these thrilling targets. The primary gap has already supplied appreciable details about the geologic setting and origins of the breccia-hosted polymetallic mineralization. With the following a number of holes we hope to start to outline the geometry and geologic controls on the mineralization because it extends to depth.”
Determine 1. http://www.inventusmining.com/s/Jan19_2021_Fig.pdf
Desk 1. Full assays from WL-20-01
| Gap ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Ni (ppm) | Co (ppm) |
| WL20-01 | 32.79 | 33.30 | 0.51 | 9.27 | 0.35 | 91 | 363 |
| WL20-01 | 33.30 | 34.00 | 0.70 | 0.37 | 3.97 | 21 | 49 |
| WL20-01 | 34.00 | 34.40 | 0.40 | 0.74 | 0.34 | 14 | 2 |
| WL20-01 | 34.40 | 35.45 | 1.05 | 0.00 | 0.01 | 14 | 1 |
| WL20-01 | 35.45 | 36.09 | 0.64 | 0.01 | 0.01 | 21 | 2 |
| WL20-01 | 36.09 | 36.40 | 0.31 | 0.75 | 2.44 | 43 | 92 |
| WL20-01 | 36.40 | 37.10 | 0.70 | 0.42 | 0.11 | 25 | 33 |
| WL20-01 | 37.10 | 37.82 | 0.72 | 3.21 | 2.27 | 99 | 209 |
| WL20-01 | 37.82 | 38.57 | 0.75 | 2.61 | 0.14 | 37 | 98 |
| WL20-01 | 38.57 | 38.95 | 0.38 | 24.70 | 0.20 | 139 | 423 |
| WL20-01 | 38.95 | 39.30 | 0.35 | 17.10 | 3.83 | 83 | 198 |
| WL20-01 | 39.30 | 40.00 | 0.70 | 0.04 | 0.01 | 17 | 2 |
| WL20-01 | 40.00 | 40.57 | 0.57 | 0.01 | 0.07 | 17 | 2 |
| WL20-01 | 40.57 | 40.94 | 0.37 | 8.31 | 0.17 | 121 | 294 |
| WL20-01 | 40.94 | 41.35 | 0.41 | 0.06 | 0.01 | 20 | 5 |
| WL20-01 | 41.35 | 41.88 | 0.53 | 7.96 | 2.97 | 78 | 138 |
| WL20-01 | 41.88 | 42.86 | 0.98 | 8.38 | 1.72 | 76 | 167 |
| WL20-01 | 42.86 | 43.25 | 0.39 | 35.90 | 0.54 | 410 | 1150 |
| WL20-01 | 43.25 | 43.76 | 0.51 | 0.77 | 0.16 | 12 | 6 |
| WL20-01 | 43.76 | 44.54 | 0.78 | 9.16 | 0.62 | 170 | 362 |
| WL20-01 | 44.54 | 45.25 | 0.71 | 0.64 | 0.11 | 21 | 20 |
| WL20-01 | 45.25 | 45.81 | 0.56 | 0.04 | 0.04 | 17 | 3 |
| WL20-01 | 45.81 | 46.35 | 0.54 | 26.50 | 1.75 | 301 | 869 |
| WL20-01 | 46.35 | 46.83 | 0.48 | 1.27 | 0.08 | 29 | 27 |
| WL20-01 | 46.83 | 47.30 | 0.47 | 4.33 | 0.10 | 38 | 76 |
| WL20-01 | 47.30 | 47.95 | 0.65 | 0.26 | 0.32 | 14 | 7 |
| WL20-01 | 47.95 | 48.52 | 0.57 | 0.01 | 0.02 | 17 | 3 |
| WL20-01 | 48.52 | 49.06 | 0.54 | 34.50 | 0.23 | 399 | 1100 |
| WL20-01 | 49.06 | 49.51 | 0.45 | 0.69 | 1.48 | 39 | 75 |
| WL20-01 | 49.51 | 49.99 | 0.48 | 17.90 | 0.69 | 201 | 386 |
| WL20-01 | 49.99 | 50.28 | 0.29 | 0.13 | 0.09 | 23 | 27 |
| WL20-01 | 50.28 | 51.31 | 1.03 | 13.10 | 0.23 | 67 | 181 |
*Outcomes are core lengths, true widths should not recognized.
For additional data, please contact:
Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E-mail: This electronic mail tackle is being protected against spambots. You want JavaScript enabled to view it.
About Inventus Mining Corp.
Inventus is a mineral exploration and improvement firm centered on the world-class mining district of Sudbury, Ontario. Our principal property are a 100% curiosity within the Pardo Paleoplacer Gold Mission and the Sudbury 2.0 Mission positioned northeast of Sudbury. Pardo is the primary essential paleoplacer gold discovery present in North America. Inventus has roughly 130,500,000 widespread shares excellent.
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. No inventory change, regulation providers supplier, securities fee or different regulatory authority has accepted or disapproved the knowledge contained on this information launch.
Certified Particular person
The Certified Particular person liable for the geological technical content material of this information launch is Wesley Whymark, P.Geo., who has reviewed and accepted the technical disclosure on this information launch on behalf of the Firm.
Technical Data
The samples collected by Inventus described on this launch have been transported in safe sealed luggage for preparation and assay by Agat Laboratories in Mississauga, Ontario. The samples reported have been crushed of their entirety to 75% passing -10 mesh, with one 250 g or 500 g subsample cut up and pulverized to 85% passing -200 mesh. One 50 g aliquot was taken from the subsample for hearth assay (FA) with an ICP-MS/ICP-OES end. Multielement assays have been accomplished by Sodium Peroxide Fusion with ICP-OES/ICP-MS end. Samples over 10 g/t gold have been topic to a 50 g aliquot FA with gravimetric end.
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