Inventus Mining Reports Positive Results from Its 80-HOLE Drill Program at the Pardo GOLD Project; Confirms Continuity of Shallow GOLD Mineralization and Outlines NEXT Steps
1
NEWS RELEASE
March 25, 2025 TSX-V Trading Symbol: IVS
INVENTUS MINING REPORTS POSITIVE RESULTS FROM ITS 80-HOLE DRILL
PROGRAM AT THE PARDO GOLD PROJECT; CONFIRMS CONTINUITY OF
SHALLOW GOLD MINERALIZATION AND OUTLINES NEXT STEPS
TORONTO, ONTARIO (March 25, 2025) - Inventus Mining Corp. (TSXV: IVS) (“Inventus” or
the “Company”) is pleased to announce results from its 80-hole Phase 1 Resource Drill Program
at the 100%-owned Pardo Gold Project located 65 km east of Sudbury, Ontario.
The program was designed to sample areas of shallow, flat-lying gold mineralization to establish
continuity and consistency of gold grades. Results from the program have successfully confirmed
continuity of the gold mineralization within 18 metres of surface which remains open for
expansion. Highlights from all 80 drill holes are presented in Table 1, with drill hole locations and
corresponding gold grade s illustrated in Figure 1 . The Phase 1 drill results have clearly
demonstrated the project’s merits highlighting the potential for rapid development of a low-cost,
surface mining operation.
Advancing Toward Resource Definition and Bulk Sampling
The results from th e Phase 1 Resource Drill Program have provided a foundation and
methodology to further define the gold mineralization and develop a mineral resource estimate on
the property. The current drilling has defined the 2-metres-thick mineralized unit over an area of
approximately 400 by 550 metres in size, which remains open for further expansion (Figure 2). A
follow-up phase 2 drill program is planned and will focus on expanding the mineralization prior to
a mineral resource estimate. The company is also assessing the opportunity to utilize its 50,000-
tonne bulk sample permit on the property . As part of the Phase 1 drilling , the permitted bulk
sample area was tested to demonstrate the gold grade of a future bulk sample site (Figure 3).
Ontario Junior Exploration Program (OJEP) Grant
Inventus is pleased to report that it has received payment of $200,000 from the Ontario Ministry
of Mines as part of the OJEP grant. The grant provided funding for 50% of exploration
expenditures that were incurred during the 80-hole Phase 1 Resource Drill Program.
“The final results from our Phase 1 drill program have confirmed that the gold -bearing reef at
Pardo is continuous, remains open for expansion, and can be defined with large diametre core”
stated Wesley Whymark, President and Head of Exploration. “These results strongly reinforce our
goal of developing a low-capital, high-margin surface mining operation. With year-round access
and proximity to Sudbury’s world -class mining infrastructure, Pardo presents a compelling
opportunity for near-term development. Moving forward, w e plan to pursue additional bulk
sampling alongside a Phase 2 resource drill program. Additional bulk sampling will demonstrate
more confidence of the gold grade and project economics, while the phase 2 drilling will define a
larger area of gold mineralization and set the stage for a maiden resource estimate.”
2
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.
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, Ontario. The core was then reviewed with core metreage blocks checked to verify core
integrity, recovery and geologically logged with 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 lab s with AC89, IAS accreditation and compliance with
ISO/IEC standard 17025:2017. All samples reported were crushed in their entirety to 70% passing
2 mm. Three different subsample preparation methods were cond ucted on the samples due to
the large size of the samples (PQ Size Core).
1. One (1) 300- to 500-g subsample was riffle split and placed into a jar for gold analysis by
photon assay.
2. Two (2) 300- to 500-g subsamples were riffle split and placed into jars for gold analysis by
photon assay in duplicate.
3. Two (2) samples comprising 2kg each were riffle split and pulverized to 80% 75 microns
(-200 mesh) and one (1) 300- to 500-g subsample was riffle split and taken from each and
placed into a jar for gold analysis by photon assay.
Samples above and below the targeted mineralized zone were assayed using method 1 above
while the targeted mineralized zone was assayed using method 2 and 3. Final assays were then
checked by Agat Laboratories in Thunderbay, Ontario. Check assays were cond ucted on
approximately 5% of the samples using fire assays and comprised a series of low, medium and
high-grade assays to independently verify accuracy of the results.
Forward-Looking Statements
3
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 mate rially 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 a nd
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 assu mptions 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.
4
Figure 1. Plan map illustrating gold grade (gpt Au) of the approximately 2-metre-thick gold-bearing
reef at the Pardo Gold Project.
5
Figure 2. Plan map illustrating the area of currently drilled gold mineralization and the regional
extent of the targeted host geology open for expansion.
6
Figure 3. Plan map illustrating permitted bulk sample location and gold grade (gpt Au) of the
approximately 2-metre-thick gold-bearing reef at the Pardo Gold Project.
7
Table 1. Drilling Assay Highlights.
Drill Hole From
(metres)
To
(metres)
Interval1
(metres)
Gold Grade
(gpt)
PD-24-01 3.53 5.27 1.74 0.8
PD-24-02 5.03 8.14 3.11 1.3
Including 5.03 6.50 1.47 2.3
Including 5.49 5.99 0.50 4.2
PD-24-03 6.31 7.73 1.42 1.5
PD-24-04 9.00 11.21 2.21 1.8
Including 9.82 10.32 0.50 5.8
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
PD-24-06 8.65 10.55 1.90 0.8
Including 9.60 10.10 0.50 2.0
PD-24-07 7.27 7.95 0.68 0.2
PD-24-08 9.00 10.90 1.90 1.1
PD-24-09 4.73 6.56 1.83 2.9
Including 5.15 5.60 0.45 11.1
PD-24-10A 10.00 12.24 2.24 3.2
Including 10.98 11.44 0.46 11.4
PD-24-11 12.19 13.30 1.11 0.3
PD-24-12 9.25 11.25 2.00 3.1
Including 9.75 10.25 0.50 10.6
PD-24-13 9.74 11.28 1.54 1.3
Including 9.74 10.26 0.52 2.8
PD-24-14 11.87 13.74 1.87 0.3
PD-24-15 11.17 13.00 1.83 0.5
PD-24-16 10.30 12.37 2.07 0.6
Including 11.86 12.37 0.51 1.4
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-24-18 10.50 11.72 1.22 1.6
Including 10.89 11.22 0.33 4.5
PD-24-19 15.83 16.75 0.92 2.6
Including 16.28 16.75 0.47 4.7
PD-24-20 7.79 9.45 1.66 1.2
PD-24-21 Zone Absent
PD-24-22 12.93 14.31 1.38 1.4
PD-24-23 8.75 10.25 1.50 0.5
8
PD-24-24 6.70 8.27 1.57 0.3
PD-24-25 7.58 9.25 1.67 1.0
PD-24-26 6.00 8.43 2.43 0.7
PD-24-27 7.10 7.50 0.40 0.2
PD-24-28 7.89 9.38 1.49 0.9
Including 8.36 8.68 0.32 2.0
PD-24-29 6.23 7.06 0.83 3.9
PD-24-30 8.52 9.45 0.93 0.2
PD-24-31 7.34 9.00 1.66 1.6
Including 7.34 7.75 0.41 4.6
PD-24-32 7.17 8.42 1.25 1.1
PD-24-33 7.25 8.24 0.99 0.9
PD-24-34 7.70 8.68 0.98 0.3
PD-24-35 9.90 10.50 0.60 0.3
PD-24-37 10.63 12.46 1.83 0.9
Including 12.00 12.46 0.46 2.2
PD-24-38 10.05 11.50 1.45 0.9
Including 11.00 11.50 0.50 1.6
PD-24-39 9.72 12.16 2.44 0.8
Including 11.33 12.16 0.83 1.8
PD-24-40 4.17 7.42 3.25 0.3
PD-24-41 10.11 12.04 1.93 1.2
Including 10.61 11.11 0.50 4.0
PD-24-42 14.55 15.45 0.90 0.3
PD-24-43 13.19 14.39 1.20 1.2
Including 13.69 14.05 0.36 3.7
PD-24-44 14.66 16.26 1.60 0.5
PD-24-45 12.14 14.13 1.99 1.6
Including 13.73 14.13 0.40 6.9
PD-24-46 11.50 13.10 1.60 1.1
Including 11.50 11.85 0.35 3.3
PD-24-47 0 1.80 1.80 0.3
PD-24-48 0 1.45 1.45 1.7
Including 0 0.50 0.50 3.2
PD-24-49 0.84 3.21 2.37 0.1
PD-24-50 0 1.25 1.25 0.6
PD-24-51 5.47 6.84 1.37 0.6
PD-24-52 0 2.66 2.66 0.3
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