Inventus Mining Reports Positive Initial Drill Results Demonstrating Lateral Continuity of GOLD Mineralization Within 18 Metres of Surface at the Pardo GOLD Project
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NEWS RELEASE
February 13, 2025 TSX-V Trading Symbol: IVS
INVENTUS MINING REPORTS POSITIVE INITIAL DRILL RESULTS
DEMONSTRATING LATERAL CONTINUITY OF GOLD MINERALIZATION WITHIN
18 METRES OF SURFACE AT THE PARDO GOLD PROJECT
Highlights
• Results from the first 24 holes of our 80-hole drill program demonstrate lateral continuity
of gold within 18 metres of surface
• 4.6 gpt gold over 2.43 metres including 21.2 gpt gold over 0.46 metres
• 3.5 gpt gold over 3.17 metres including 11.9 gpt gold over 0.50 metres
• 3.1 gpt gold over 2.00 metres including 10.6 gpt gold over 0.50 metres
• 3.6 gpt gold over 1.50 metres including 6.4 gpt gold over 0.50 metres
TORONTO, ONTARIO (February 13, 2025) - Inventus Mining Corp. (TSXV: IVS) (“Inventus” or
the “Company”) is pleased to announce initial drill results from its Phase 1 Resource Drill Program
at the 100%-owned Pardo Gold Project located 65 km east of Sudbury, Ontario.
The first 24 holes of an 80-hole shallow drill program have been received and are in line with
expectations. The holes were targeting a laterally extensive flat lying zone of mineralization
that averages approximately 2 metres thick and occurs within 18 metres of the surface. The
results of these Initial 24 holes have demonstrated continuity of gold mineralization laterally
between holes with reduced variability of grade compared to previous drilling. A full list of results
is provided in Table 1, and maps of the hole locations are provided in Figures 1 and 2.
To date all holes have been reviewed, logged and sampled. Initial turnaround times were
prolonged due to the large sample size of the PQ core and laboratory preparation procedures had
to be modified to ensure the accuracy of results. Results for the remaining 56 holes should be
received more quickly. Final results for the program are expected in March.
The Pardo Gold Project benefits from year-round access and features flat-lying, shallow gold
mineralization that presents potential for quick start up low-cost surface mining in close proximity
to Sudbury, a renowned global mining hub. The objective of the 80-hole resource drill program is
to systematically sample areas of shallow gold mineralization providing adequate data to support
a future mineral resource estimate . The company intends to outline cheaply defined ounces,
which could be mined under the company’s existing 50,000-tonne bulk sampling permit.
Table 1. Drilling Assay Highlights
Drill Hole1 From
(metres)
To
(metres)
Interval2
(metres)
Gold Grade
(gpt)
PD-24-37 10.63 12.46 1.83 0.9
Including 12.00 12.46 0.46 2.2
2
PD-24-67 9.80 11.30 1.50 0.1
PD-24-17 10.15 13.32 3.17 3.5
Including 10.15 10.65 0.50 11.9
And including 12.82 13.32 0.50 6.7
PD-24-72A 13.89 15.88 1.99 1.2
Including 14.88 15.38 0.50 2.1
PD-24-69 16.00 17.50 1.50 3.6
Including 16.50 17.00 0.5 6.4
PD-24-38 10.05 11.50 1.45 0.9
Including 11.00 11.50 0.5 1.6
PD-24-39 9.72 12.16 2.44 0.8
Including 11.33 12.16 0.83 1.8
PD-24-35 9.90 10.5 0.60 0.3
PD-24-71 14.42 15.65 1.23 2.1
Including 15.21 15.65 0.44 4.8
PD-24-19 15.83 16.75 0.92 2.6
Including 16.28 16.75 0.47 4.7
PD-24-11 12.19 13.30 1.11 0.3
PD-24-13 9.74 11.28 1.54 1.3
Including 9.74 10.26 0.52 2.8
PD-24-16 10.30 12.37 2.07 0.6
Including 11.86 12.37 0.51 1.4
PD-24-77 4.20 6.12 1.92 0.6
Including 4.20 4.70 0.50 1.6
PD-24-02 5.03 8.14 3.11 1.3
Including 5.03 6.50 1.50 2.3
Including 5.49 5.99 0.50 4.2
PD-24-52 0 2.66 2.66 0.3
PD-24-12 9.25 11.25 2.00 3.1
Including 9.75 10.25 0.50 10.6
PD-24-01 3.53 5.27 1.74 0.8
PD-24-48 0 1.45 1.45 1.7
Including 0 0.50 0.50 3.2
PD-24-83 3.62 5.44 1.82 1.6
Including 4.56 4.94 0.38 6.3
PD-24-70 15.00 16.39 1.39 3.4
Including 15.51 16.39 0.88 5.4
Including 15.93 16.39 0.46 6.8
PD-24-53 0.50 2.46 1.96 1.6
Including 1.50 2.46 0.96 2.9
Including 1.50 1.96 0.46 5.0
PD-24-08 9.00 10.90 1.90 1.1
PD-24-05 7.67 10.10 2.43 4.6
Including 9.16 10.10 0.94 11.5
Including 9.64 10.10 0.46 21.2
1Holes are reported in the sequence that they were drilled and sampled.
2Interval width is approximate true thickness. Mineralization has a flat to 5-degree dip
and all holes were drilled vertically with an inclination of -90 degrees.
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Table 2. Details of drill hole locations reported in this press release.
Drill Hole Inclination
(Degrees)
Length
(metres)
Easting
(UTM)
Northing
(UTM)
PD-24-37 -90 15 556183 5183417
PD-24-67 -90 15 556132 5183319
PD-24-17 -90 16.5 556174 5183361
PD-24-72A -90 18 556177 5183336
PD-24-69 -90 21 556196 5183315
PD-24-38 -90 15 556199 5183417
PD-24-39 -90 15 556169 5183397
PD-24-35 -90 15 556183 5183433
PD-24-71 -90 18 556180 5183324
PD-24-19 -90 18 556189 5183346
PD-24-11 -90 18 556164 5183320
PD-24-13 -90 16.5 556148 5183335
PD-24-16 -90 15 556149 5183360
PD-24-77 -90 12 556365 5183361
PD-24-02 -90 11.5 556364 5183375
PD-24-52 -90 12 556418 5183472
PD-24-12 -90 16.5 556149 5183320
PD-24-01 -90 12 556364 5183346
PD-24-48 -90 10 556402 5183459
PD-24-83 -90 12 556364 5183329
PD-24-70 -90 19.5 556191 5183331
PD-24-53 -90 10.5 556402 5183473
PD-24-08 -90 15 556336 5183404
PD-24-05 -90 15 556335 5183345
For further information visit www.inventusmining.com, or contact:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
E-mail: [email protected]
Phone: 705-822-3005
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 Critical Mineral Project located northeast of Sudbury. Pardo is
the first important paleoplacer gold discovery found in North America. Inventus has approximately
183 million common shares outstanding.
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Qualified Person
The Qualified Person responsible for the technical content of this news release is Inventus’
President and Head of Exploration, Wesley Whymark, P.Geo., who has reviewed and approved
the technical disclosure in this news release on behalf of the Company
Technical Information
Drill core samples collected by Inventus and described in this news release were subject to a
variety of QA/QC protocols. Drill core was placed in core boxes by the drill crew contracted by the
Company. Core was then transported by Inventus personnel to a secure processing facility in
Sudbury. The core was then reviewed with core metreage blocks checked to verify core integrity,
geologically logged and samples marked. Core samples were then photographed and inserted
into a clean plastic bag with a sample tag. Certified reference materials were inserted into the
sample stream at a rate of no less than 10%. Samples were then transported in secure sealed
bags with security tags for preparation and assay by MSA Labs in Timmins and Val-d’Or, both
certified labs with AC89, IAS accreditation and compliance with ISO/IEC standard 17025:2017.
All s amples reported were crushed in their entirety to 70% passing 2 mm . Three different
subsample preparation methods were conducted on the samples due to the large size of the
samples (PQ Core).
1. One (1) 300- to 500-g subsample was split and placed into a jar for analysis by photon
assay.
2. Two (2) 300- to 500-g subsample were split and placed into jars for analysis by photon
assay in duplicate.
3. Two (2) samples of 2kg were split and pulverized to 80% 75 microns (-200 mesh) and one
(1) 300- to 500-g subsample was taken from each pulp and placed into a jar for analysis
by photon assay.
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”, “undeter mined”,
“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 curre ntly 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, pros pects 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 plan s, 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 eq uity 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
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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.
Figure 1. Location of the Phase 1 resource drill holes on the Pardo Gold Project.
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Figure 2. Plan map illustrating gold grade (gpt Au) of the flat lying shallow reef at the Pardo Gold
Project.