Inventus Drilling Extends Mineralization at 007
NEWS RELEASE TSX-V Trading Symbol: IVS
Inventus Drilling Extends Mineralization at 007
TORONTO, Dec. 19, 2018 -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) announces it has
received the remaining assays for its recent drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”)
near Sudbury, Ontario. A total of 35 holes at the 007 Zone were completed including 7 step out holes (see Figure 1), which
are reported below.
Hole ID
From
(m)
To
(m)
Length
(m) Gold Grade (g/t)
007-18-30 8.83 10.1 1.27 0.99
007-18-31 3.25 5.5 2.25 7.89
Including 3.25 4.03 0.78 21.2
007-18-32 4.54 7.7 3.16 2.59
Including 5.31 7.15 1.84 4.14
007-18-33 4.15 8.62 4.47 0.85
Including 5.78 6.38 0.6 3.66
Holes 29 and 34 did not encounter significant values, and hole 35 was not completed. All holes were drilled vertically. Intercept
lengths are true thickness. Gold grades are determined by fire assay and gravimetric methods; see note on Technical
Information.
The objective of this drill program was to provide drill data for the next phase of bulk sampling and demonstrate continuity of
the mineralized conglomerate. The first 28 closely spaced drill holes (released on Nov 22, 2018) delineated a volume of
approximately 6,000 tonnes of mineralized material (see the 007 Bulk Sample Outline on Figure 1).
Step out holes 31, 32 and 33 have all demonstrated that the mineralized boulder conglomerate reef extends towards the north
under shallow cover. These new holes combined with previous drilling supports our interpretation that a highly enriched
mineralized boulder conglomerate reef extends for 350 m North from the 007 Zone.
Click here to view Figure: http://www.inventusmining.com/s/Figure-1-Dec-19.pdf
About Inventus Mining Corp.
Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset
is a 100% interest in the 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).
Visit http://www.inventusmining.com for more information.
For further information, please contact:
Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E-mail: [email protected]
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 technical content of this news release is Wesley Whymark, P.Geo., Chief Geologist,
who has reviewed and approved this news release on behalf of the Company.
Technical Information
The samples in this release were transported in secure sealed bags for preparation and assay by Agat Laboratories located in
Mississauga, Ontario. A standard or a blank was inserted every 20 samples or less. The samples reported were crushed in
their entirety to 75% passing -10 mesh, with one 1 kg subsamples split and pulverized to 85% passing -200 mesh. Two 50-
gram aliquots were taken for fire assay (FA) with an atomic absorption (AA) finish. Results higher than 10 g/t were re-analyzed
with a gravimetric finish.
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
the failure 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 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.