Announcement Date: 2022-04-11
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Inventus Mining Corp.
Project name: Sudbury 2.0
Location: Canada
Commodities: Gold,Nickel,Cobalt
Highlight: Drilling results incl. 111.45m @ 0.75g/t Au, 448ppm Co, 135ppm Ni from 200.14m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ONTARIO (April 11, 2022) – Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from drilling at the Cobalt Hill target on its 100%-owned Sudbury 2.0 Project near Sudbury, Ontario. At the Cobalt Hill gold-cobalt-nickel target, 13 diamond drill holes have been completed in 2022 for a total of 4,133 metres of drilling. To date, assay results for holes CH-22-01 through CH-22-05A and partial assays for CH-22-06 have been received (see Table 1). In the northwest part of Cobalt Hill (see Figures), hole CH-22-05A was the first hole of this campaign to test the continuity of sulphide breccia below and to the west of the intersection in hole CH-21-02 drilled last year (see News Release of April 8, 2021). Hole CH-22-05A is a step out of approximately 40-m from last year’s drilling, encountered a continuous mineralized intercept of 111 m from 200 to 311 m with interspersed high-grade gold. It also contained the highest individual cobalt assay observed in drilling to date of 3,350 ppm. The geological control of these highgrade sections is currently not well understood. Hole CH-22-05A intersected 111.45 m of 1.35 g/t AuEq from 200 m down hole, 0.75 g/t gold (Au), 448 ppm cobalt (Co) and 135 ppm nickel (Ni); including 1.24 m of 8.35 g/t AuEq, 6.86 g/t Au, 1,124 ppm Co and 320 ppm Ni; and including 3.87 m of 4.13 g/t AuEq, 3.41 g/t Au, 546 ppm Co and 155 ppm Ni.
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