TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with McEwen Mining (“MUX”) to evaluate its Stock Mill for processing of material extracted from Inventus’ 100%-owned Pardo Gold Project located 65 km east of Sudbury, Ontario. Highlights The MOU describes the mutual intent of Inventus and MUX to evaluate if processing of bulk sample material can occur at the Stock Mill from ...

Core Insights - The geological study by the Colorado School of Mines confirms a new interpretation of the ore-forming process of high-grade gold mineralization at Surebet, indicating a common causative Reduced Intrusion Related Gold (RIRG) source with significant untapped discovery potential [1][6][10] Geological Findings - High-grade gold mineralization at Surebet is found in two settings: shear-hosted veins up to 39 meters wide and multiple quartz veinlets within felsic to intermediate dykes [7][10] - Drilling has confirmed 12 vertically stacked gold mineralized shear-hosted veins with grades up to 34.52 g/t AuEq over 39.00 meters, indicating excellent additional blue-sky potential [1][10] - The study identified two stages of gold mineralization: the first stage involves native bismuth and gold-bismuth minerals, while the later stage is associated with chlorite alteration [8][9] Mineralization Age and Source - Dating of the mineralization indicates an age of 50.7 ± 1.0 Ma for shear-hosted veins, overlapping with the U-Pb zircon age of 52.0 ± 1.5 Ma for the mineralized dykes, suggesting a common intrusion source [7][8] - The discovery of Eocene age mineralization at Surebet highlights previously overlooked potential in the southern part of the Golden Triangle, where most known deposits are Jurassic age [6][11] Exploration and Drilling Results - Over 15 months, strong gold mineralization has been confirmed in 100% of 243 drill holes, with more than 300 intercepts within a 1.8 km area, demonstrating the continuity of widths and grades [5][10] - The Surebet discovery has shown exceptional continuity and metallurgy, with gold recoveries of 92.2%, indicating a high potential for economic recovery [12] Infrastructure and Location - The Golddigger Property, controlled by the company, spans 91,518 hectares in a geologically rich area of the Golden Triangle, close to significant historical mines [11][22] - The property benefits from proximity to communities with existing infrastructure, including a permitted mill site and direct barge access to major transport routes [13][14]

Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce that it has closed its non-brokered financing previously announced on March 10, 2025. The Company issued 8,823,529 charity flow-through shares (the "Charity FT Shares") at a price of $0.28 per Charity FT Share and 2,941,176 common share units (the "Share Units") at a price of $0.17 per Share Unit for aggregate gross proceeds to the Company of approximately $3 milli ...