Inventus Provides Exploration Update, Drilling Intercepts 15.47 gpt over 0.63 m at Pardo
NEWS RELEASE FOR IMMEDIATE RELEASE
March 28, 2017 TSX-V Trading Symbol: IVS
Inventus Provides Exploration Update,
Drilling Intercepts 15.47 gpt over 0.63 m at Pardo
TORONTO, ONTARIO (Mar. 28, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”)
today announces that it has received assay results for the next eight consecutive holes of the winter drill program (see
Figure 1) at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. Complete assay
results are as follows:
Hole ID From
(m)
To
(m)
Width
(m)
Gold Grade
(g/t)
PD-17-06 38.95 39.47 0.52 1.42
PD-17-07 37.30 39.60 2.30 2.37
PD-17-08 No significant values
PD-17-09 No significant values
PD-17-10 8.35 9.05 0.70 2.72
PD-17-11 5.50 6.19 0.69 0.40
PD-17-12 10.60 12.38 1.78 1.14
PD-17-13 8.15 11.00 2.85 3.92
Including 8.15 8.78 0.63 15.47
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-17-06 is a 70 metre (m) step-out to the northwest of hole PD-17-04 that intercepted 13.2 gpt gold over 3.2 m.
This hole did not encounter any visible boulder conglomerate, however , the sample at the basal contact returned
positive gold values. Our interpretation is that the favourable pyritic boulder conglomerate unit is absent at this location
due to a topographic high in the paleosurface, but it is encountered again 50 m further to the north in hole PD-17-07.
Hole PD-17-07 encountered pyritic boulder conglomerate returning a value of 2.37 gpt gold over 2.3 m. The boulder
unit is relatively thick in this location and remains open for additional step-out holes to the North and West.
Holes PD-17-08 to PD-17-11 were drilled to the north of the higher grade area currently being defined by drilling. The
geologic interpretation suggests that the favourable unit may have pinched out in this direction; a few additional holes
are planned to test this interpretation. Holes PD-17-08 and PD-17-09 returned no significant gold values. Holes PD-17-
10 and PD-17-11 returned gold values in detrital pyrite of 2.72 gpt and 0.40 gpt over 0.7 m and 0.69 m samples
lengths located near the basal contact.
Hole PD-17-12 encountered a zone containing detrital pyrite and some gold but no boulders were observed in the
core. Our interpretation is that this drill hole is likely in close proximity to a channel of the favourable boulder
conglomerate unit.
Hole PD-17-13 encountered a thick pyritic boulder conglomerate unit returning 3.92 gpt gold over 2.85 m, including
15.47 gpt gold over 0.63 m. Visible gold is noted in the core. This hole twinned hole PD-10-48 (drilled in 2010), which
contained a thick unit of the mineralized boulder conglomerate, but only returned 0.88 gpt gold over 0.67 m in fire
assays. This further supports our observation that the larger core sample size returns on average higher gold grades.
Additional drilling to the South will follow-up on this result.
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Assay results reported in this release are the average of two fire assay values on two 1 kg subsamples 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 with all the analytical results.
Please note that calculated head grades for holes PD-17-01 to PD-17-05 that were previously reported, have also
been updated in the table below, which now includes the fire assay values on the bottle roll residues. These analyses
were not available at the time the cyanide soluble assays were originally reported. The updated results are as follows:
Hole ID From
(m)
To
(m)
Width
(m)
Bottle Roll
Gold
Grade (g/t)
(A)
Fire Assay
Residue
Gold Grade
(g/t) (B)
Calc. Gold
Grade
(g/t)
(A+B)
PD-17-01 39.6 40.6 1.0 2.59 0.73 3.32
PD-17-02 11.3 13.0 1.7 3.16 0.76 3.92
PD-17-03 Not sampled, rubble filled fault zone
PD-17-04 17.1 20.3 3.2 11.51 1.69 13.20
Including 19.7 20.3 0.6 58.22 8.56 66.78
PD-17-05 42.8 43.9 1.1 2.08 0.29 2.37
All holes were drilled vertically. Intercept lengths are true width. Samples returning <0.4 gpt were not
included in the intervals reported above.
Click here to view Figure 1: http://inventusmining.com/s/Figure_1_March_28.pdf
Click here to view Table 1: http://inventusmining.com/s/Table_1_March_28.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 100,304,403 common shares outstanding
(108,898,570 shares on a fully diluted basis). Endurance Gold Corp. owns 25.4% of the issued and outstanding
shares, Robert 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 accuracy of this release. No stock exchange, regulation services provide r,
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 Andy Bite, P.Geo., who has reviewed
and approved the technical disclosure in this news release on behalf of the Company.
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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 Cochrane, Ontario. A standards or a blank was inserted every 20
samples. 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 recombined and two 50-gram aliquots were taken for
fire assay (FA) with an atomic absorption (AA) finish. Results higher then 10 g/t were re -analysed with a gravimetric finish. The
remaining pulps from the 2 kg subsample were then assayed by a cyanide soluble 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
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