Core Insights - Inventus Mining Corp. has initiated its Phase 2 drill program at the Pardo Gold Project, aiming to advance towards its first resource estimate and future production permitting [1][4][10] Drilling Program - The Phase 2 program includes 98 shallow drill holes totaling approximately 2,500 meters, targeting the continuity of gold mineralization [3][10] - Previous drilling results indicated significant mineralized zones, with hole PD-25-87 returning 6.47 meters of 2.16 gpt gold, including a high-grade core of 0.85 meters at 9.41 gpt gold [3][4] Objectives and Future Plans - The primary goal of the drilling phase is to expand and confirm the continuity of near-surface gold mineralization, which will support an initial mineral resource estimate (MRE) [4][10] - The MRE will be crucial for obtaining a Mine Production Permit, which the company aims to complete within the next 12 months [4][10] Bulk Sampling Update - The company has received a revised processing date for the 4,816-tonne 007 North bulk sample, now scheduled for November 1, 2025 [6][10] - The bulk sampling program is seen as a key milestone to validate the grade and recoveries of the Pardo gold mineralization, potentially providing cash flow for ongoing exploration [7][10] Economic Potential - The flat-lying, near-surface gold mineralization at Pardo allows for efficient and cost-effective drilling, facilitating rapid expansion of the mineralized footprint [5][10] - The upcoming bulk sample processing is expected to demonstrate the project's strong economics and establish Pardo as a potential near-term surface-mining operation [8][10]
Inventus Accelerates Growth at Pardo: Phase 2 Drilling Commences as Bulk Sample Processing Nears
Globenewswireยท2025-10-16 11:00