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iCrowdNewswire Jan 21, 2021 2:05 PM ET

Inventus Drills 18.5 Metres of 6.6 g/t Gold, 0.76% Copper, 0.018% Cobalt at Sudbury 2.0


Inventus Drills 18.5 Metres of 6.6 g/t Gold, 0.76% Copper, 0.018% Cobalt at Sudbury 2.0

iCrowd Newswire - Jan 21, 2021

Inventus Mining Corp. is pleased to announce assay results from its first drill hole WL-20-01 and details about its second drill hole WL-21-02, part of an ongoing 3,000-metre drill program at its 100%-owned Wolf Lake and Cobalt Hill properties near Sudbury, Ontario.

A total of 556 metres of drilling has been completed to date with a minimum of 7 additional holes planned at the Wolf Lake and Cobalt Hill targets. The initial drill program is designed to properly sample the polymetallic gold mineralization and test the mineralized structures at depth.

Drill hole WL-20-01 was vertical and designed to test the near surface 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
including 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 first hole has validated the presence of polymetallic mineralization with individual core assays up to 35.9 g/t Au, 3.97% Cu, 410 ppm nickel and 0.115% Co. Complete assay results are provided in Table 1 and a location map can be seen in Figure 1.

Drill hole WL-21-02 is currently at a depth of 477 metres and has intersected the mineralized breccia approximately 200 metres below surface. The hole intersected 152 metres of intense metasomatic alteration and hydrothermal breccia with variable pyrite and chalcopyrite mineralization from approximately 325 to 477 metres. Select mineralized core intersections are provided in Figure 1. Drilling is still underway.

Stefan Spears, CEO of Inventus said, “We are very pleased to finally be drilling these exciting targets. The first hole has already provided considerable information about the geologic setting and origins of the breccia-hosted polymetallic mineralization. With the next several holes we hope to begin to define the geometry and geologic controls on the mineralization as it extends to depth.”

Table 1. Complete assays from WL-20-01

Hole 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

*Results are core lengths, true widths are not known.

For further information, please contact:

Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E-mail: info@inventusmining.com

About Inventus Mining Corp.

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 130,500,000 common shares outstanding.

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 has reviewed and approved the technical disclosure in this news release on behalf of the Company.

Technical Information

The samples collected by Inventus described in this release were transported in secure sealed bags for preparation and assay by Agat Laboratories in Mississauga, Ontario. The samples reported were crushed in their entirety to 75% passing -10 mesh, with one 250 g or 500 g subsample split and pulverized to 85% passing -200 mesh. One 50 g aliquot was taken from the subsample for fire assay (FA) with an ICP-MS/ICP-OES finish. Multielement assays were done by Sodium Peroxide Fusion with ICP-OES/ICP-MS finish. Samples over 10 g/t gold were subject to a 50 g aliquot FA with gravimetric finish.

Contact Information:

Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E-mail: info@inventusmining.com








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