Inventus Mining Continues to Expand Higher Grade Areas at Pardo
NEWS RELEASE
April 12, 2017 TSX-V Trading Symbol: IVS
Inventus Mining Continues to Expand Higher Grade Areas at Pardo
TORONTO, ONTARIO (Apr. 12, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”)
today announces that it has received assay results for the next six consecutive holes of the winter drill program at the
100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario.
Gold-bearing conglomerate layers or “reefs” at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs
are laterally extensive and occur on or very near surface. Higher gold grades occur concentrated in fluvial channels or
“pay streaks”, and valleys in the footwall upon which the conglomerate was deposited.
Discovering higher-grade zones is the primary objective of our current 50 x 50 m spaced drill program. Results so far
have been successful in identifying a higher-grade area approximately 400 m in length that remain open for expansion
(see Figures 1 and 2). Completed assay results to date are as follows:
Hole ID From
(m)
To
(m)
Width
(m)
Gold Grade
(g/t)
PD-17-14 18.35 19.65 1.30 1.51
PD-17-15 12.27 13.12 0.85 0.55
PD-17-16 9.09 10.16 1.07 3.97
Including 9.66 10.16 0.50 7.35
PD-17-17 5.98 7.10 1.12 2.46
PD-17-18 10.35 11.60 1.25 4.68
Including 10.90 11.60 0.70 6.53
PD-17-19 11.85 14.15 2.30 1.48
Including 12.51 13.55 1.04 2.64
All holes were drilled vertically. Intercept lengths are tr ue width. Samples
returning <0.3 gpt were not included in the intervals reported above. Gold
grades are determined by fire assay method; see note on Technical
Information.
Hole PD-17-14 is a 50 m step-out to the East of hole PD-17-13 that intercepted 3.92 gpt gold over 1.85 m. This hole
contained a thick (2.28 m) boulder conglomerate (primary gold-bearing reef) with some detrital pyrite over 1.65 m.
Hole PD-17-15 was drilled 50 m due South of hole PD -17-13. This hole did not encounter any visible boulder
conglomerate, however, the sample in the basal conglomerate returned positive gold values. The boulder
conglomerate unit, although absent at this location, is encountered again 50 m to the West and 50 m to the South in
holes PD-17-16 and PD-17-17.
Holes PD-17-16 and PD-17-17 encountered a well-mineralized boulder conglomerate, extending the zone up to 100
m south of previous drilling. In both of these holes the gold-bearing reef is approximately 1 m in thickness. Visible gold
was noted in both holes. Additional drilling is planned to test the extension of this zone further to the South.
Holes PD-17-18 and PD-17-19 continued the grid of holes in another fault block 100 m to the East of hole PD-17-17
and encountered boulder conglomerate in both holes. Visible gold was noted in hole PD -17-18. Additional drilling is
planned to twin two holes previously drilled in 2010 located between PD-17-18 and PD-17-17. These 2010 holes are
considered unrepresentative of the area based on observations in the new 2017 holes. Additional drilling is also
planned to the East and South.
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Assay results reported in this release are the average of two fire assay values on a 2 kg subsample generated from
each selected core interval. Our observation is that cyanide bottle rolls on 1-2 kg subsamples combined with a fire
assay on the residue returns higher gold values. However, in order to build the dataset to support this observation we
have been using both methods of analysis on our samples. For the holes reported above the cyanide bottle roll results
are still pending. We will update the attached Table 1 on an ongoing basis when all the analytical results are available.
Click here to view Figure 1 and 2: http://inventusmining.com/s/Figure_1_2_April_12.p df
Click here to view Table 1: http://inventusmining.com/s/Table_1_April_12.pdf
About Inventus Mining Corp.
Inventus is a mineral explorati on 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 100,304,403 common shares outstanding
(110,423,570 shares on a fully diluted basis ). Endurance Gold Corp. owns 25.4% of the issued and outstanding
shares, Rob ert McEwen owns 18%, Eric Sprott owns 13.6%, Osisko Gold Royalties Ltd. owns 6%, and the former
Chairman and CEO Wayne Whymark owns 6.4%.
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 ac curacy 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 releas e.
Qualified Person
The Qualified Person responsible for the geological technical content of this news release is Andy Bite, P.Geo., who has revi ewed
and approved the technical disclosure in this news release on behalf of the Company.
Technical Information
The samples of this release were transported in secure sealed bags for preparation and assay at either Accurassay Laboratorie s
located in Thunder Bay, Ontario, or SGS Laboratories located in Cochran e, Ontario. A standard or a blank was inserted every 20
samples or less. The samples reported were crushed in their entirety to 85% passing -10 mesh, with two 1 kg subsamples split and
pulverized to 85% passing -200 mesh. The 1 kg subsample pulps were then rec ombined and two 50-g ram aliquots were taken for
fire assay (FA) with an atomic absorption (AA) finish. Results higher than 10 g/t were re-a nalyzed with a gravimetric finish. The
remaining pulps from the 2 kg subsample were then assayed by a cyanide so luble bottle roll (24 hours) and the solution was
analyzed by AA. The remaining residue from the bottle roll was dried and a 50 -gram aliquot was sent for FA with an AA 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 e xpectations. 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 informat ion. Forward looking
information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements ,
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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 material ly
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 req uired governmental, environmental or
other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peo ples,
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, und ue 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 obligatio n 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.