Inventus Provides Exploration Update with Preliminary Results from Cobalt Hill
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NEWS RELEASE
March 10, 2022 TSX-V Trading Symbol: IVS
INVENTUS PROVIDES EXPLORATION UPDATE
WITH PRELIMINARY RESULTS FROM COBALT HILL
TORONTO, ONTARIO (March 10, 2022) - Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the
“Company”) is pleased to provide an exploration update for its 100%-owned Sudbury 2.0 and Pardo Projects.
Exploration Highlights
• Drilling at Cobalt Hill has now intersected sulphide breccia in 6 of 7 holes. Initial results from rushed
samples in CH-22-05A are very encouraging with assays up to 7.7 g/t gold, 0.34% cobalt and 0.15%
nickel.
• Milling of the Pardo bulk sample is now complete. Assays results of the concentrates are expected in
the coming weeks.
Sudbury 2.0
At the Cobalt Hill gold-cobalt-nickel target, a total of 7 diamond drill holes for 2,700-metres of drilling have been
completed. The drilling so far has intersected the target sulphide breccia in 6 of 7 holes and has demonstrated an
extensive alteration system extending past 500 metres depth. The drilling program was designed to test the
geophysical anomalies generated in 2021 and explore the mineralized sulphide breccia around hole CH-21-02 that
intersected 7 metres of 4.4 g/t gold, 0.09% cobalt and 0.03% nickel within a larger mineralized interval of 44 metres
of 1.3 g/t gold (see news release dated April 8, 2021).
The most interesting samples to date are from holes 5A, 6 and 7, which are all step-outs designed to target the
mineralized sulphide breccia around CH-21-02 (Figure 1 and 2). All holes intersected the zone with significant
intervals of 110 m (hole 5A), 77 m (hole 6) and 68 m (hole 7). A summary of holes 4 through 7 including preliminary
rush assays from hole 5 are provided below.
CH-22-04 (dip -70) – Intersected a quartz breccia unit from 329 to 365 m (36-m interval) and a 195 m quartz chlorite
breccia unit from 365 to 560 m (195-m interval) down hole. The large quartz chlorite breccia unit represents a
significant geological event likely related to the emplacement of the mineralized sulphide breccia. Assays are pending
on 187 samples.
CH-22-05A (dip -62) – The hole was drilled 40 m west of CH-21-02 and intersected sulphide breccia from 200 to
310 m (110-m interval) followed by alteration with disseminated and stringer-type sulphide from 310 to 537 m (220-
m interval). The sulphide breccia unit contained on average 15% sulphide, while the disseminated and stringer-type
contained 3% on average. Preliminary assays on rushed samples have returned up to 7.7 g/t gold, 0.34% cobalt and
0.15% nickel. To date, assays for 18 rush samples have been received and assays are pending on 318 samples. A
table of the rushed assays is provided below.
Table 1. Rushed Assays from CH-22-05A
DDH ID From (m) To (m) Interval (m) Au (g/t) Co (ppm) Ni (ppm)
CH-22-05A 195.76 205.24 9.48 Assays Pending
CH-22-05A 205.24 206.06 0.82 0.86 778 278
CH-22-05A 206.06 206.5 0.44 1.29 2,660 927
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CH-22-05A 206.5 210.12 3.62 Assays Pending
CH-22-05A 210.12 210.67 0.55 2.21 3,350 1,480
CH-22-05A 210.67 211.53 0.86 0.64 1,090 362
CH-22-05A 211.53 215.62 4.09 Assays Pending
CH-22-05A 215.62 216.02 0.4 4.13 2,610 865
CH-22-05A 216.02 216.73 0.71 0.68 588 218
CH-22-05A 216.73 219.03 2.3 Assays Pending
CH-22-05A 219.03 219.65 0.62 0.43 626 254
CH-22-05A 219.65 220.31 0.66 0.31 350 171
CH-22-05A 220.31 231.25 10.94 Assays Pending
CH-22-05A 231.25 231.77 0.52 5.69 1,510 370
CH-22-05A 231.77 232.49 0.72 7.70 845 284
CH-22-05A 232.49 250.01 17.52 Assays Pending
CH-22-05A 250.01 250.56 0.55 3.28 831 172
CH-22-05A 250.56 250.95 0.39 3.80 1,210 317
CH-22-05A 250.95 263.12 12.17 Assays Pending
CH-22-05A 263.12 263.7 0.58 2.25 2,090 752
CH-22-05A 263.7 264.56 0.86 0.04 23.5 17
CH-22-05A 264.56 265.19 0.63 1.41 2,520 827
CH-22-05A 265.19 265.81 0.62 1.06 1,820 482
CH-22-05A 265.81 268.27 2.46 Assays Pending
CH-22-05A 268.27 269.04 0.77 0.85 1,060 255
CH-22-05A 269.04 269.84 0.8 0.41 880 241
CH-22-05A 269.84 414.27 144.43 Assays Pending
*Results are core lengths; true widths are not known.
CH-22-06 (dip -55)– Intersected two zones of sulphide breccia above and east of CH-22-05A. A zone from 70 to 94
m (24-m interval) and a zone from 160 to 237 m (77-m interval) representing the up-dip extent of sulphide breccia
in CH-22-05A. The breccia contained on average 12% sulphide. The hole is currently being logged and sampled.
CH-22-07 (dip -60)– Intersected the sulphide breccia unit from 225 to 293 m (68-m interval). The hole was designed
to intersect the sulphide breccia perpendicular to the intersections in CH-22-05A and CH-22-06 to provide information
on the extent and geometry of the unit. The hole is currently being logged and sampled
Click here to view Figures 1 and 2: http://inventusmining.com/s/Mar_10_Figures.pdf
The drilling observations are preliminary in nature and do not indicate the presence of gold, cobalt or nickel in the
core samples collected. Assays results will be reported when they are available.
For further information, please contact:
Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: (647) 258-0395 x280
E-mail: [email protected]
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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 Project
located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus
has approximately 140.6 million common shares outstanding.
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.
Qualified Person
The Qualified Person responsible for the geological technical content of this news release is Inventus’ Vice-President
Exploration, Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release
on behalf of the Company.
Technical Information
The samples collected by Inventus described in this release were transported in secure sealed bags for preparation
and assay by Agat Laboratories in Mississauga, Ontario. The samples reported were crushed in their entirety to 75%
passing -10 mesh, with one 250 g subsample split and pulverized to 85% passing 200 mesh. One 50 g aliquot was
taken from the subsample for fire assay (FA) with an ICP-MS/ICP-OES/AAS finish. Multielement assays were done
by Sodium Peroxide Fusion with ICP-OES/ICP-MS finish. Samples over 10 g/t gold are subject to a 50 g aliquot FA
with 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 “bel ieves”, “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.
Figure 1. Plan and Section of 2022 Cobalt Hill Drilling Looking North
CH-22-07
68 m of sulphide breccia
CH-22-06
77 m of sulphide breccia
CH-22-05A
110 m of sulphide breccia CH-21-02 sulphide breccia
44 m of 1.3 g/t gold
Including 7 m of 4.4 g/t
CH-21-02
CH-22-07
CH-22-05A & 6
CH-22-02 & 3
CH-22-01
CH-22-04
A A’
A A’
March2022
Figure 2. Cobalt Hill Drill Core Photos
CH-22-07 –258 to 275 m
CH-22-04 –524 to 545 m
CH-22-5A –237 to 255 m
CH-22-05A –231.77 to 232.49 m
7.7 g/t Au, 845 ppm cobalt and 284 ppm nickel
CH-22-06 –192 m
March2022