TORONTO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) ("Inventus" or the "Company") is pleased to announce that it has received a pre-payment for a portion of estimated recoverable gold from its 007 North bulk sample at the 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario.
Highlights
- Inventus received CAD$1,466,249 from McEwen Inc. as a pre-payment sale representing a portion of the estimated recoverable gold from its 4,816-tonne 007 North Bulk Sample, which is anticipated to be processed shortly.
- The Trench 1 bulk sample is approximately 38% delivered to McEwen Inc.'s Stock Mill. Grade-control drilling across 30 holes at this site identified approximately 10,000 tonnes, which returned a weighted average of 4.10 gpt gold over 1.78 metres within 6 metres of surface (see new release July 7, 2025).
Bulk Sample Update
The Trench 1 bulk sample, where approximately 10,000 tonnes has been identified, is currently 90% extracted. To date, 3,812 tonnes (38% complete) of material have been Hauled to McEwen Inc's Stock Mill for processing. The Company anticipates results from this bulk sample in November and will provide updates as they become available.
Drilling Update
The Company expects to release results shortly from further grade-control drilling at the Trench 1 North and South bulk sample sites, as well as four Phase 2 resource drill holes. Plans for additional Phase 2 resource drilling are underway, which is part of the Company's broader strategy of extending the gold mineralization and progressing toward a maiden resource estimate for the project.
Wesley Whymark, President and Head of Exploration, comments: "Receiving this $1.47 million pre-payment from McEwen Inc. provides clear validation of the gold content in our 007 North bulk sample and establishes a strong foundation for our bulk sampling program as we await final results. With the Trench 1 bulk sample now almost at the mill and further grade-control drilling and resource drilling results expected shortly, Inventus is making steady progress that continues to de-risk the project while showcasing the potential for a scalable, near-surface mining operation in one of Ontario's premier mining districts."
For further information, visit www.inventusmining.com or contact:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
E-mail: wesley@inventusmining.com
Phone: 705-822-3005
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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. We have a 100% interest in our principal assets the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. The Pardo Gold Project is the first important paleoplacer gold discovery in North America. Inventus has approximately 205 million common shares outstanding.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Inventus' President and Head of Exploration, Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release on behalf of the Company.
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 "believes", "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. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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