Inventus Mining Corp. (TSXV: IVS) has announced assay results from its Phase 2 drill program at the 100%-owned Pardo "River of Gold" Project, located 65 km northeast of Sudbury, Ontario. The company discovered high-grade gold mineralization in the Matinenda Layer (MaC), with the best intercept grading 10.51 g/t gold over 0.50 metres within a broader interval of 1.09 g/t gold over 10.82 metres in hole PD-26-297.
Significant Drill Results
Other notable results include: 2.82 g/t gold over 2.43 m, including 4.27 g/t gold over 1.43 m and 10.51 g/t gold over 0.50 m in the Matinenda Layer (PD-26-297); 1.78 g/t gold over 4.32 m, including 3.75 g/t gold over 1.40 m and 7.06 g/t gold over 0.50 m (PD-26-299); and 1.20 g/t gold over 5.28 m, including 2.39 g/t gold over 1.82 m (PD-26-284). These results materially increase confidence in resource growth potential from multiple stacked, near-surface gold-bearing conglomerate horizons.
Expanding the Gold System
Wesley Whymark, CEO & Director, commented: "The discovery of high-grade gold in the Matinenda Layer is an important milestone at Pardo. Until now, our primary focus has been the Main Layer, which remains the foundation of our near-surface development strategy. The new results from the Matinenda demonstrate that Pardo has the potential to be much more than a single-layer gold system. We are now seeing high-grade gold in multiple stacked, flat-lying conglomerate horizons, all at shallow depths. That has important implications for resource growth, future mine planning and the overall scale potential at Pardo."
Drilling Progress and Plans
A second drill rig was mobilized on June 18 to expedite drilling. An additional 57 holes have been completed with assays pending, and the company expects to complete at least 120 more holes before the cut-off date for the planned maiden resource estimate. The shallow, flat-lying geometry of the mineralization enables fast and cost-effective drilling, allowing Inventus to quickly expand the mineralized footprint and build strong geological confidence.
The Phase 2 program targets multiple stacked, near-surface gold-bearing conglomerate layers, including the Main, Matinenda, and Upper horizons. Recent results confirm that the Matinenda Layer can contain high-grade gold, with intervals such as 10.51 g/t gold over 0.50 m and 7.06 g/t gold over 0.50 m, demonstrating its potential to contribute meaningful high-grade mineralization and expand the overall scale of the Pardo gold system.
