Inventus Mng. Corp. (GNGXF)

[molee]

Come talk to Inventus at PDAC

Inventus' CEO Stefan Spears will be at Booth 2849/2851 (McEwen Mining Booth) at PDAC in Toronto on Monday, March 5th from 10AM to 1PM. Please feel free to come have a chat about Inventus.

http://www.inventusmining.com/blog/

[Hurricane_Rick]

Ore Sorting at STEINERT

On February 15th the ore sorting was conducted at the STEINERT facility in Kentucky, USA.

This work was initiated as a follow up on previous test work that was very favourable. Initial test work indicated that 65% of the material could be removed as waste. The remaining 35% of the material contained 91% of the gold for an upgrade ratio of 160% (see press release April 5th 2017).

Theoretically, if we had sorted our 1,000-tonne bulk sample with a head grade of 4.2 gpt (see press release January 3rd, 2018) we would have only milled 345 tonnes (35% of 985 tonnes) with a total gold content of 121.7 Troy ounces (91% of 133.8 troy ounces) for a head grade of 10.8 gpt.

The potential to sort the mineralized conglomerate ore at Pardo is a game changer for the project. It would significantly reduce capital costs in a mining scenario and could potentially lower the cutoff grade of a future resource.

http://www.inventusmining.com/blog/2018/2/16/ore-sorting-at-steinert

[molee]

Inventus Mining Engages STEINERT and WSP


TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE:IVS) (“Inventus” or the “Company”) is pleased to announce that it has engaged STEINERT and WSP to help advance the Pardo project to the next phase of development.

“On the heels of a very positive result from our recently completed 1,000 tonne bulk sample at Pardo, we are moving ahead with engineering studies to build on our technical knowledge and test real-world mining equipment in preparation for the next phase of development, which will involve larger scale trial mining,” said Stefan Spears, Chairman and CEO.

STEINERT is a global leader in sorting and separation solutions for the mining industry. The firm has over 125 years of experience, and excels at providing customers with technologically advanced sorting solutions. STEINERT will be evaluating the performance of their state-of-the-art multi-sensor ore sorting machine on material from the Pardo project. The demonstration machine used for testing is located in Kentucky, but similar units may soon be accessible much closer to the project in Sudbury and Timmins. www.steinertglobal.com

WSP is a global engineering firm based in Montréal, with over 700 mining specialists worldwide. They offer the mining companies comprehensive solutions at every stage of a mining project development or implementation. WSP will be updating the NI 43-101 Technical Report for the Pardo project (the prior report was prepared for Inventus (Ginguro) by WSP in March 2015). www.wsp-pb.com/en/WSP-Canada/


Read more at http://www.stockhouse.com/news/press-releases/2018/01/18/inventus-mining-engages-steinert-and-wsp#BfekihSZyhu6jO05.99

[Hurricane_Rick]

New January 2018 Corporate Presentation

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/5a5f83b9c8302548e71e5202/1516209092507/IVS_Presentation_Jan2018.pdf

[Hurricane_Rick]

3D Pardo Model is now available

The Pardo model in Leapfrog 3D is now available for anyone interested.

The files can be downloaded here

The free leapfrog viewer can be downloaded here

Please read the "IVS Pardo 3D Model - Read Me" document for instructions and information on the files.

For any additional inquires please email [e-mail]

http://www.inventusmining.com/blog/2018/1/9/pardo-3d-model

[Hurricane_Rick]

Inventus Survey Response #2

Q: “In the message boards, I've read opinions of people not wanting to hold over the winter...or anxious for the Spring to see an appreciation in the share price.”

A: Not sure why the value of IVS stock would be tied to the seasons, we don’t have a seasonal exploration news flow like some companies. January to April is a very active period for mining conferences and promotion.

Q: “Putting any "nuggety" effect of drill results aside, does the company feel that we may be able to expect this kind of an improvement in grades for future bulk sampling campaigns? Is it generally accepted within the industry that bulk samples provide better results than drilling?”

A: It’s difficult to say with one data point if the relationship will hold true in other areas of the property. Our working hypothesis is that all the conglomerates will behave in a similar way. The first bulk sample strongly supports our hypothesis.

Q: “It would also help to know what the total cost per ounce for the bulk sample was, taking into account factors that may be different between full scale mining vs bulk sampling.”

A: The cost of bulk sampling is almost always much higher than you would experience in a commercial operation. In our case we will almost break even on the first 1,000 t, which is an accomplishment we're very pleased about.

http://www.inventusmining.com/blog/2018/1/8/survey-response-2

[Hurricane_Rick]

Inventus Survey Response #1

We received a number of responses to our survey (Thank-you). I'm going to tackle them over a few days. Here is the first things someone wrote in:

“I was quite pleased with the results and look forward to hearing some guidance on what will happen next...”

What happens next:

1. Within a week, we will be making the 3D Leapfrog model of Pardo available on the website. Anyone who downloads the Free Viewer will be able to look at it. Pro-users will be able to do much more…

2. We will be submitting a permit application to conduct a 100x larger bulk sample / trial mining. The environmental baseline work for this permit was started last summer, and we are able to submit it the government soon.

3. We will be working harder on investor outreach and promotion.

4. We will be publishing an updated 43-101 technical report on Pardo in H1 2018. He hope to include information on conceptual target size, and current resource tonnage.

5. We will be investigating ways to implement ore sorting in the near future, which we think is a potential game changer for the project.

“I am extremely disappointed as a long term shareholder learning of the constant selling of shares on the open market from one of our large investors Endurance Gold Corp...”

We get a surprising number of calls and emails to complain about Endurance. Don't call us, call them!

http://www.inventusmining.com/blog/

[molee]

Always hard to predict shareholders reaction to data ...

So many elements come into play ...

Lack of buyers based on what appears to be good results is troublesome .

Selling may just be a continuation of Endurance's latest trend .

We will have to wait a little while to see the latest on this website :

https://www.canadianinsider.com/company?menu_tickersearch=ivs

Thanks for taking the time to respond to their inquiry .

Good luck trading >> M

[Hurricane_Rick]

I appreciate the company's willingness to engage with investors. I just forwarded Stefan a lengthy e-mail with points to consider - nothing negative.

[molee]

Investor Survey

Despite the bulk sample results being very positive (in our opinion), judging from the share price some investors seem to have the opposite view. All the feedback we’ve received from investors and analysts has been positive. No one has written to complain about how we screwed up or the results were below their expectations. So this is your invitation to complain, if you are displeased with the bulk sample results or you think you know why others might be, please write to us at: [e-mail]. We will try and address your concerns right here on the Blog.


http://www.inventusmining.com/blog/

[molee]

Looks like "sell the news" in play . Sad .

#s looked pretty good to me ... 4.2 GPT ...

Oh well .. get'm next time ...

[Hurricane_Rick]

Inventus Mining Announces Bulk Sample Results

TORONTO, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE:IVS) (“Inventus” or the “Company”) is pleased to announce the results from a 1,000-tonne bulk sample from the Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. The total gold content of the bulk sample was calculated to be 4.16 kg (133.8 Troy ounces) of gold, equivalent to 4.2 grams per tonne (gpt). A total of 3.72 kg (119.5 Troy ounces) of gold was recovered from 985 dry tonnes of mill feed. The tailings are estimated to contain an additional 0.44 kg (14.2 Troy ounces) of gold, indicating a recovery rate for gold of approximately 89%. Diamond drilling in the bulk sample area prior to extraction consisted of eleven holes that returned an average grade of 1.34 gpt gold. Processing of the bulk sample demonstrates a significant increase in the gold grade when compared to assays of diamond drill core.


“Paleoplacer gold deposits are enigmatic by nature and do not reveal their secrets easily. The results of this initial bulk sample are highly encouraging and highlight the critical importance of bulk sampling for grade estimation. Assaying of drill core alone is insufficient to determine the actual grade of the mineralized boulder conglomerate. The success of this bulk sample has increased our confidence about the overall grade of the boulder conglomerate, confirming our belief that continued investment in exploration and additional bulk sampling is warranted,” said Stefan Spears, Chairman and CEO.

Bulk Sample Procedure

The bulk sample was extracted from a pit with a surface area of 240 square metres. Approximately 1,000 wet tonnes was blasted and the run-of-mine material was transported by truck to McEwen Mining’s Black Fox Mill (the “BFM”) near Timmins, Ontario. The BFM is a conventional gold mill comprised of a three-stage comminution circuit, cyanide leach and carbon-in-leach (CIL) gold recovery. Prior to batch processing of the bulk sample the mill circuit was purged with 1,000 tonnes of barren sand. The processing of sand is designed to cleanse the milling equipment and displace the ore in the first 800-tonne capacity leach tank.

At the BFM the Pardo material was crushed and milled to approximately 75 microns and leached for a minimum of 30 hours. Grade and recovery calculations were made based on a total in-circuit inventory before and after the bulk sample was processed. Samples of the leach solution and leached solids were also taken after 30 hours and returned a combined assay of 4.1 gpt gold, which is consistent with the in-circuit inventory calculation.

Bulk Sample Drilling

Prior to the extraction of the bulk sample, a pattern of eleven diamond drill holes was completed on five-metre centers of the bulk sample area in order to compare drilled gold grades to bulk sample grade for the Mississagi Boulder Conglomerate (MiBC)(see Figure 1). The drill core was sampled and assayed using the same whole core methodology developed during the 2017 exploration program. The average assayed grade and thickness of the target MiBC was 1.34 gpt over 2.54 m. The grades of the MiBC was highly variable between holes, ranging from a low of 0.17 gpt over 2.44 m to a high of 4.07 gpt over 2.17 m. Visible gold was noted in 5 of the 11 holes (see Table 1).

Figure 1: http://www.inventusmining.com/s/Figure1_Jan3.pdf

Systematic measurements of clast dimensions taken along the drill core intercept of MiBC indicate that the boulder conglomerate on average is composed of 26% matrix and 74% clasts. Gold is contained within the matrix and the clasts are barren of gold, therefore the bulk sample is composed of 26% gold bearing matrix and 74% un-mineralized waste rock. In a news release dated April 5, 2017 Inventus discussed the possible application of advanced ore sorting techniques, and demonstrated in a scoping level study, the encouraging potential to sort gold bearing matrix from the un-mineralized clasts. We plan to continue evaluating the use of ore sorting as a means of efficiently processing larger bulk samples.

Risk Factors

All of the bulk sample material was removed from a single location known as Trench 1 (see Figure 1). Trench 1 was selected because it was considered to have representative grade, and was ideally located for easy extraction. There is no assurance that mining or bulk sampling in another location at Pardo would result in similar gold content or recovery.

The BFM is a commercially operating gold processing facility that receives feed from the Back Fox Mine and from third party custom milling clients. To the best of our knowledge, the mill operates using industry standard practices for sampling and quality assurance, but is not intended for the analysis of small batch bulk samples. The minimum custom milling batch size normally required by the BFM is 5,000 tonnes. The mill operator’s standard procedure prior to processing custom feed is to purge the mill circuit by processing one thousand tonnes of barren sand. However, it is possible that preexisting gold contained in the circuit was flushed out while processing the bulk sample. Similarly, the bulk sample could have deposit gold residue in the circuit. It is unknown to what extent this may have contributed to inaccuracies in the results. There is no certification as to the precision of the results and readers should use caution in their use and interpretation.

There is currently no NI 43-101 mineral resource estimate established anywhere on the Pardo property.

Mining dilution for the bulk sample was estimated to be 7% based on geologists’ field observations, mostly as a result of over-blasting of the footwall in the pit. Ore loss was estimated at 0.5%, due to over-blasting of the hanging wall, and minor losses during transportation and handling.

Interests of Related Parties

Inventus and McEwen Mining are related parties, meaning that members of management have economic interests in both companies. Stefan Spears, Chairman and CEO of Inventus, currently provides consulting services to McEwen Mining in areas that are unrelated to Inventus. Rob McEwen, Chairman and Chief Owner of McEwen Mining, is a significant shareholder of both companies, owning approximately 20% and 24% of Inventus and McEwen Mining respectively.

The milling agreement between Inventus and McEwen Mining was on terms believed to be commercially reasonable. The milling agreement specified a base processing fee of $42.00 per tonne, and a provision for cost recovery of assaying and other miscellaneous expenses. It is expected that Inventus will pay McEwen Mining approximately $50,000 in connection with the services it provided processing the bulk sample. McEwen Mining will remit the net proceeds from the sale of the gold produced to Inventus. Inventus does not have an agreement with McEwen Mining, or any other service provider, for the processing of future bulk samples and as such there is no guarantee that the foregoing costs would be representative of future costs.

Table 1 – Trench 1 Drill Results


Hole ID From (m) To (m) Thickness (m) Gold Fire Assay Grade (gpt) Visible Gold (VG) Observations % Matrix in Conglomerate
TR1-17-01 3.14 5.62 2.48 0.30 31.1 %
TR1-17-02 2.98 5.50 2.52 0.71 VG @ 3.32m & 3.65m 26.0 %
Including 2.98 3.82 0.84 2.12
TR1-17-03 2.00 4.85 2.85 1.06 VG @ 2.75m 26.6 %
Including 2.60 3.18 0.58 3.34
TR1-17-04 1.88 4.77 2.89 1.39 19.3 %
Including 3.30 4.00 0.70 4.88
TR1-17-05 2.79 5.23 2.44 0.17 33.4 %
TR1-17-06 2.05 4.80 2.75 3.79 VG @ 2.67m 17.7 %
Including 2.05 2.70 0.65 14.20
TR1-17-07 2.05 4.67 2.62 1.62 24.8 %
Including 3.60 4.15 0.55 3.58
TR1-17-08 1.64 3.52 1.88 0.93 VG @ 1.96m 29.4 %
TR1-17-09 2.38 5.30 2.92 0.30 19.7 %
TR1-17-10 2.48 4.90 2.42 0.39 32.5 %
TR1-17-11 1.63 3.80 2.17 4.07 VG @ 2.41m & 2.42m 28.4 %
Including 2.20 2.75 0.55 15.01
Thickness (m) Grade (gpt) % Matrix in Conglomerate
Bulk Sample Diamond Drilling Average 2.54 1.34 26.3 %


About Inventus Mining Corp.

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the advanced exploration stage Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 106,971,069 common shares outstanding (116,965,236 shares on a fully diluted basis).

Visit http://www.inventusmining.com for more information.

For further information, please contact:

Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: [phone] x280
E-mail: [e-mail]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

Qualified Person

Andy Bite, P.Geo, a consultant to the Company, has reviewed and approved the scientific and technical information contained in this news release. Mr. Bite is a Qualified Person and independent of the Company within the meaning of Canadian Securities Administrator's National Instrument 43-101.

Technical Information

Drill hole assay results reported in this release are the average of two fire assay values on a 1 kg subsample generated from each selected core interval. The diamond drill core samples in this release were transported in secure sealed bags for preparation in SGS Laboratories in Sudbury, Ontario and assayed at SGS Laboratories located in Lakefield, Ontario. A standard or a blank was inserted every 20 samples or less. The samples reported were crushed in their entirety to 75% passing -10 mesh, with a 1 kg subsample split pulverized to 85% passing -200 mesh. Two 50-gram aliquots were taken for fire assay (FA) with an atomic absorption (AA) finish and averaged for final grade determination. Results higher than 10 g/t were re-analyzed with a gravimetric finish.

The packing percentage of the MiBC was measured by subtracting the thickness of the boulders from the total MiBC intercept length in each hole. The average packing percentage was estimated based on measurements from all eleven drill holes.

The average density of the MiBC in the bulk sample area was measured at 2.81 tonne per m3 by the water displacement method.

Samples collected at the BFM are analyzed at the on site lab by fire assay. Solids and solutions use an atomic absorption (AA) finish, and samples of carbon use a gravimetric finish. Standards and blanks are inserted every 20 samples or less. Duplicate check assays are sent to an accredited third party laboratory monthly as part of QA/QC processes.

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 at Pardo, the inability to complete a feasibility study which recommends a production decision, the preliminary and limited nature of metallurgical test results (including the result of the bulk sample as described herein), delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political and legal 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.

https://globenewswire.com/news-release/2018/01/03/1281450/0/en/Inventus-Mining-Announces-Bulk-Sample-Results.html

[molee]

The results are IN ...

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/5a4cc4a79140b791bb344688/1514980519550/Inventus_Jan3.pdf

[molee]

Milling is done

Milling of the bulk sample went reasonably smoothly. Many thanks to the operators at the Back Fox mill for working through a few struggles to get it done.

http://www.inventusmining.com/blog/2017/12/13/milling-is-done

[Hurricane_Rick]

Bulk Sample update December 11, 2017

Today is the day! Bulk sample being run through Black Fox the mill today.

http://www.inventusmining.com/blog/2017/12/11/bulk-sample-update

[molee]

Thanks .. waiting patiently ...

[Hurricane_Rick]

Bulk Sample Update

Shipping of bulk sample material continues. If the weather cooperates, shipping should be complete later this week.

http://www.inventusmining.com/blog/

[molee]

Bulk Sample Update :

http://www.inventusmining.com/blog/2017/11/20/buk-sample-update

[molee]

Shipments have started

Shipments of bulk sample material from Pardo to McEwen Mining's Black Fox-Stock Mill (located near Timmins) have started.

http://www.inventusmining.com/blog/

[Hurricane_Rick]

Thanks for the heads up.

[molee]

More pictures on website ...

http://www.inventusmining.com/blog/

[Hurricane_Rick]

TORONTO, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX-V:IVS) (“Inventus” or the “Company”), at the request of the Investment Industry Regulatory Organization of Canada (IIROC), confirms that it is not aware of any material undisclosed information related to the Company that would explain the recent increase in the market price and level of trading activity of its shares.

About Inventus Mining Corp.

Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 106,971,069 common shares outstanding (116,965,236 shares on a fully diluted basis).

Visit http://www.inventusmining.com for more information.

https://globenewswire.com/news-release/2017/10/04/1140934/0/en/Inventus-Mining-Comments-on-Market-Activity.html

[Hurricane_Rick]

Smart move. I've left money on the table here a couple of times over the years.

[molee]

Loving this action so far .. Patience has paid off ..

However , I am a little concerned about the "too far too fast" aspect to the trading ...

So , I took some off the table , as I had been WAY too overweight in Investus stock .

Check out the "bollies" ...

[Hurricane_Rick]

Nice follow-through action this morning on both GNGXF and V.IVS.

V.IVS just blew through the 3 year high of .35 and is now at .35 x .37 on 311K traded in only the first few minutes of trading. Up 23%.

GNGXF is up to .27 on the heels of V.IVS.

At first I thought this might have been a run-up to allow warrant holders to cash in, combined with the recent commencement of bulk mining sampling program, but this has a bit more legs than I anticipated. Whatever the case may be, it certainly is fun to watch and be a part of!

[Hurricane_Rick]

Showing .325 now for V.IVS on 360K traded. Volume and action definitely picking up here. Up 38%. Also hit the 52-week high of .34 today!

Showing .234 for GNGXF on 65K traded. GNGXF should trade around .26 to keep in line with V.IVS. Up 34% on the day and also a 52-week high!

[Hurricane_Rick]

Eh, they're operating on a shoestring budget, so I want them to concentrate on exploration and mining for the time being. I think our end game is the same though...prove up the property to the point where McEwen or Sprott or Osisko, says "OK boys, it's time!".

In the meantime, I like the updates and photos to keep us shareholders aware of what is going on.

[molee]

Inventus stock on the move lately .... .27 cdn .

Thanks for the updates Rick ... looks like it's been just the two of us here ... Shame no PR department ...

[Hurricane_Rick]

New pics posted on the Inventus blog related to bulk sampling.

http://www.inventusmining.com/blog/

[Hurricane_Rick]

Sept 15 Metals Investor Forum Presentation

http://www.inventusmining.com/blog/2017/9/26/sept-15-metals-investor-forum-presentation

[Hurricane_Rick]

Bulk sample update: Drilling to begin very soon

Diamond drilling will occur prior to blasting to provide samples for assay as well as give the blasters precise information about the location and thickness of the mineralized zone. PD-07-69 was a small diameter drill core from 2007 which intersected 4.7 gpt gold over 2m (half core fire assay).

http://www.inventusmining.com/blog/2017/9/20/bulk-sample-update-drilling-to-begin-very-soon

[Hurricane_Rick]

Drilling first core hole at site of Trench 1 bulk sample

http://www.inventusmining.com/blog/2017/9/20/drilling-first-core-hole-at-site-of-trench-1-bulk-sample

[Hurricane_Rick]

Bulk Sampling Process Has Started

http://www.inventusmining.com/blog/2017/9/14/bulk-sampling-process-has-started

[Hurricane_Rick]

Inventus Mining Completes $1 million Non-Brokered Private Placement
Sept 6, 2017 TSX-V Trading Symbol: IVS

TORONTO, ONTARIO (Sept 6, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”)is pleased to announce that it has closed an over-subscribed non-brokered private placement financing for aggregate gross proceeds of $1,000,000 (the “Offering”), further to its announcement on August 16, 2017. The Offering consisted of the sale of 6,666,666 units (each, a “Unit”) at a price of $0.15 per Unit.

Inventus intends to use the net proceeds from the Offering for bulk sampling and exploration at its 100% owned Pardo Paleoplacer Gold Project near Sudbury, Ontario, and for general administration and corporate purposes.

Each Unit consists of one common share (“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.25 for a period of two (2) years after the closing date of the Offering. All securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period.

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/59b0040303596e51ce1be322/1504707588095/Inventus+Financing+Sept+6.pdf

[Hurricane_Rick]

Posted on the Inventus blog page:

Academic paper by Inventus' Chief Geologist Wesley Whymark which was published in April 2017.

http://www.inventusmining.com/s/Regional_gold-enrichment_of_conglomerate-copy.pdf

[molee]

GNGXF heating up ... .1794 last ...

[Hurricane_Rick]

From the latest Inventus Mining quarterly:


The Company’s fundamental goal during the next 12-24 months is to determine if Pardo contains gold resources of sufficient quality and quantity to become a mine.

Proposed 2017 Exploration and Development Program:

1. 1,500 meter (m) winter drill program at a cost of $141,000 (completed).

2. 3,500 m summer/fall drill program (starting in Q3): Approximately 130 diamond drill holes are planned for the summer/fall drill program that will focus on extending a 50 m by 50 m grid of drill holes at an estimated cost of $560,000.

3. Bulk sampling of up to 1,000 tonnes of material (in Q3 or Q4): A permit is in place to remove 1,000 tonnes of material from the property for metallurgical testing. The planned bulk sampling is estimated to cost $250,000.

4. By the end of 2017, we expect to engage a third party engineering firm to prepare a National Instrument 43-101 mineral resource estimate on Pardo. This is estimated to cost $60,000.

5. Prospecting and evaluation of other mineral prospects: This is estimated to cost $50,000.

The Company has spent approximately $470,000 towards the 2017 Exploration and Development Program.

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/599edb6cebbd1a75971e3e14/1503583084270/MD%26A-2017-06-30.pdf

[Hurricane_Rick]

Inventus Blog Page Update

Property scale comparison of Pardo to Novo Resources' Australian paleo-placer property

http://www.inventusmining.com/blog/2017/8/21/questions-about-novo-res-nvo-discovery-in-australia

[Hurricane_Rick]

Inventus Mining Announces Non-brokered Private Placement

TORONTO, ONTARIO (August 16, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) today announces a non-brokered private placement financing comprising the sale of up to 6,666,667 units (“Units”), to be sold at $0.15 per Unit for gross proceeds of up $1,000,000 (the “Offering”). Evanachan Limited, a company owned and controlled by Robert McEwen has agreed to acquire 3,333,333 Units for gross proceeds of approximately $500,000. Each Unit will consist of one common share (“Common Share”) and one common share purchase warrant (“Warrant”). Each common share purchase Warrant will entitle the holder to acquire one Common Share for $0.25 for a period of two years after the closing of the Offering. All securities issued in conjunction with the Offering are subject to a hold period of four months and one day after closing.

The Offering of the Units is subject to the receipt of all required corporate and regulatory approvals including the approval of the TSX Venture Exchange (“TSXV”).

Related Party Transaction

As a result of holding 10% or more of the issued and outstanding common shares of the Company, Robert McEwen is an “insider” of the Company. The acquisition of 3,333,333 Units by Evanachan Limited in connection with the Offering will be considered a "related party transaction" pursuant to Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101") requiring the Company, in the absence of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the “related party transaction”. The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available because no securities of the Company are listed on specified markets, including the TSX, the New York Stock Exchange, the American Stock Exchange, the NASDAQ or any stock exchange outside of Canada and the United States other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group plc. The Company is also relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the participation in the Offering by Evanachan Limited does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Early Warning Report

Robert McEwen had ownership or direction and control over an aggregate of 18,502,500 common shares of the Company prior to Offering, representing approximately 18.4% of the issued and outstanding common shares of the Company. Pursuant to the Offering, Evanachan Limited has acquired 3,333,333 Units. As a result of the Offering, Robert McEwen is now a control person of the Company and has ownership or direction or control over 21,835,833 common shares representing approximately 20.4% of the issued and outstanding common shares of the Company (assuming completion of the entire Offering). Robert McEwen has acquired the Units for investment purposes, and has no current intention to increase his beneficial ownership of, or control or direction over, securities of the Company. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future.

As a result of the Offering, the number of common shares Robert McEwen beneficially owns, or exercises control or direction over of the Company has increased by more than 2%. In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an Early Warning Report respecting the acquisition of Units by Evanachan Limited will be filed under the Company’s SEDAR Profile at www.sedar.com.

About Inventus Mining Corp.

Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 100,304,403 common shares outstanding (109,173,569 shares on a fully diluted basis). Endurance Gold Corp. owns 25.4% of the issued and outstanding shares, Evanachan Limited, a company owned and controlled by Robert McEwen owns 18.4%, Eric Sprott owns 13.6%, Osisko Gold Royalties Ltd. owns 6%, and the former Chairman and CEO Wayne Whymark owns 6.4%.

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/5994a8523e00be933b5005ca/1502914643018/Aug+16.pdf

[Hurricane_Rick]

New photos of visible gold in the drill cores from 2017

http://www.inventusmining.com/blog/

[Hurricane_Rick]

3D Modeling of Pardo Progressing Well

"Until this point Inventus has not made an effort to 3D model the geology and gold mineralization at Pardo. This was mainly because we didn't have sufficiently dense drilling over a wide enough area. With the recently completed 65 hole program, we have developed a Leapfrog model that will assist with exploration and ultimately estimation of what we have there."

http://www.inventusmining.com/blog/2017/6/28/3d-modelling-of-pardo-progressing-well

[molee]

Inventus Mining Exploration Update, Drilling Intercepts 22.9 gpt gold over 1.25 m


TORONTO, ONTARIO--(Marketwired - Jun 6, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS) ("Inventus" or the "Company") today announces that it has received assay results for the next twenty-seven consecutive holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project ("Pardo") near Sudbury, Ontario. The drilling program is now complete with a total of 65 holes drilled. Assay results for the final five holes are pending.

Gold-bearing conglomerate layers or "reefs" at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs are laterally extensive and occur on or very near surface. Higher gold grades occur concentrated in fluvial channels or "pay streaks", and valleys in the footwall upon which the mineralized conglomerate was deposited.

Discovering higher-grade zones is the primary objective of our current 50 x 50 m spaced drill program. Results so far have been successful in identifying a higher-grade area covering approximately 550 x 400 m that remains open for expansion and in-fill drilling (see Figure 1). New assay results to date are as follows:

Hole ID From
(m) To
(m) Length
(m) Gold Grade
(g/t)
PD-17-34 28.97 29.55 0.58 2.35
PD-17-35 24.70 27.60 2.90 0.54
PD-17-36 28.42 28.92 0.50 3.04
PD-17-37 17.70 18.84 1.14 1.28
PD-17-38 12.35 15.00 2.65 2.93
Including 14.35 15.00 0.65 9.59
PD-17-39 9.25 11.15 1.90 1.68
PD-17-40 26.14 28.88 2.74 1.05
PD-17-41 30.50 31.95 1.45 0.55
PD-17-43 7.05 7.58 0.53 1.83
PD-17-45 7.30 8.50 1.20 1.05
PD-17-47 5.05 7.50 2.45 2.60
Including 6.90 7.50 0.60 8.82
PD-17-48 14.25 16.30 2.05 0.58
PD-17-49 9.90 13.40 3.50 1.13
PD-17-50 27.85 29.75 1.90 0.45
PD-17-51 22.98 24.80 1.82 0.61
PD-17-52 11.94 15.25 3.31 2.15
Including 12.70 14.25 1.55 3.93
PD-17-54 11.75 13.30 1.55 2.56
PD-17-55 11.45 13.72 2.27 1.07
PD-17-56 11.00 13.12 2.12 3.13
Including 11.00 11.50 0.50 9.41
PD-17-57 13.35 16.22 2.87 1.10
PD-17-58 11.40 13.90 2.50 0.64
PD-17-59 10.30 11.55 1.25 22.94
Including 10.85 11.55 0.70 39.80
PD-17-60 10.70 11.35 0.65 7.44
All holes were drilled vertically. Intercept lengths are true width. Gold grades are determined by fire assay method; see note on Technical Information. Holes PD-17-42, 44, 46 and 53 did not return significant values (> 0.40 gpt).

Close Spaced Drilling

Results from the first 51 holes of the program have shown that the 50 x 50 m spaced large diameter drill holes can identify near surface high-grade areas that warrant additional drilling. The holes discussed below were drilled in closer spaced (12 m) patterns designed to provide information about how the deposit behaves over shorter distances.

Holes PD-17-58 to 60 were drilled in a cluster of 3 holes centered around hole PD-17-13, which returned 3.39 gpt gold over 2.85 m. The new results using our enhanced sampling and assaying procedures returned a length-weighted average grade of 7.98 gpt gold over 1.47 m for all 3 holes. Considerable variability in gold grade was observed, with grade-thickness values ranging from 4.8 to 28.7 mg/t.

Holes PD-17-52 to 57 were drilled in a cluster of 6 holes around two 2012 holes, PD-12-28 and PD-12-29, which returned 1.58 gpt gold over 2.2 m and 0.39 gpt gold over 2.5 m. The new results returned a length-weighted average grade of 1.75 gpt gold over 2.24 m for all 6 holes. Considerable variability in gold grade was again observed between holes, with grade-thickness values ranging from 0.6 to 7.1 mg/t.

50 x 50 m Grid Drilling

Hole PD-17-38 was a step-out of approximately 50 m to the West of hole PD-17-18, which returned 4.68 gpt gold over 1.25 m. This result supports the expansion of the high-grade contour around holes PD-17-18, 29 and 38 (Figure 1).

Hole PD-17-47 encountered a mineralized boulder conglomerate with a thickness of 2.45 m at a depth of only 5 m. Holes PD-17-43 to 46, which were drilled in an East-West line approximately 50 m to the South, also encountered near surface mineralization. Assayed grades of these holes were generally low, however the zone contained detrital pyrite similar to the 007 Zone 100 m away.

Holes PD-17-50 and 51 filled in the 50 x 50 m grid between holes PD-17-04 and 07. The lower grade results highlight the inherent variability of gold grades in paleoplacer boulder conglomerates. The mineralized zone was present in both holes, along with detrital pyrite similar to hole PD-17-04, which retuned 13.20 gpt gold over 3.20 m.

Holes PD-17-34 to 36 and 40 to 42 were drilled in East-West lines approximately 50 m and 110 m to the South of hole PD-17-31, which returned 19.45 gpt gold over 0.60 m. All these holes intercepted a mineralized boulder conglomerate ranging in thickness from 0.5 to 3.0 m at a depth of 25 to 30 m. Results support the extension of the mineralized zone, but did not intercept the higher grade seen in hole PD-17-31.

Click here to view Figure 1: http://inventusmining.com/s/Figure1_June6.pdf

Click here to view Table 1: http://inventusmining.com/s/Table1_June6.pdf


Read more at http://www.stockhouse.com/news/press-releases/2017/06/06/inventus-mining-exploration-update-drilling-intercepts-22-9-gpt-gold-over-1-25#QR2u1kYAZxGLQYrE.99

[Hurricane_Rick]

Inventus Mining Exploration Update, Drilling Intercepts 19.45 gpt gold over 0.6 m, and 13.50 gpt gold over 0.5 m at Pardo

TORONTO, ONTARIO (May 16, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”) today announces that it has received assay results for the next thirteen consecutive holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. A total of 55 drill holes have been completed to date and the program is near completion.

Gold-bearing conglomerate layers or “reefs” at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs are laterally extensive and occur on or very near surface. Higher gold grades occur concentrated in fluvial channels or “pay streaks”, and valleys in the footwall upon which the conglomerate was deposited.

Discovering higher-grade zones has been the primary objective of our current 50 x 50 m spaced drill program. Results so far have been successful in identifying a higher-grade area covering approximately 475 x 300 m that remain open for expansion and in-fill drilling (see Figure 1). Completed assay results to date are as follows:

Hole ID From Length Gold Grade
(m) To (m) (m) (g/t)
PD-17-20 47.80 49.10 1.30 1.16
PD-17-21 No significant values
PD-17-23 19.82 21.55 1.73 1.26
PD-17-24 18.60 22.75 4.15 0.56
PD-17-25 10.70 13.80 3.10 0.66
PD-17-26 25.16 26.60 1.44 1.57
PD-17-27 5.10 5.60 0.50 0.57
PD-17-28 11.56 12.06 0.50 2.19
PD-17-29 11.98 12.95 0.97 7.19
Including 11.98 12.48 0.50 13.50
PD-17-30 20.84 22.87 2.03 1.14
PD-17-31 28.55 29.15 0.60 19.45
PD-17-32 25.26 26.48 1.22 2.46
PD-17-33 22.30 22.80 0.50 4.60

All holes were drilled vertically. Intercept lengths are true width. Samples returning <0.3 gpt were not included in the intervals reported above. Gold grades are determined by fire assay method; see note on Technical Information. Hole PD-17-22 was not completed.

Holes PD-17-29/30/31/32/33 were drilled in an E-W line approximately 50 m South of holes PD-17-18, which encountered 4.68 gpt gold over 1.25 m. All these holes intercepted a well-mineralized boulder conglomerate ranging in thickness from 0.5 to 2.0 m. Visible gold was noted in three of the five holes. Additional lines of drilling have been completed 50 and 100 m further to the South, with assay results pending.

Holes PD-17-23/24/25/26/27/28 were drilled 50 to 200 m to the South of hole PD-17-04, which encountered 13.2 gpt gold over 3.2 m. All these holes encountered mineralized boulder conglomerate, however the gold grades were lower than what was found to the North and East, suggesting a less favourable mineralized zone in this area.

Holes PD-17-20/21 tested an area approximately 700 m to the southeast of the main area of interest. This area was a
priority because it lies beneath a swamp where drilling is only possible in the winter. An isolated 2012 drill hole (PD-12-20) approximately 150 m to the West of hole PD-17-20, encountered 1.1 gpt gold over 2.1 m, which encouraged us to drill in this area.

The drilling thus far has shown that the 50 x 50 m spaced large diameter holes can identify near surface high-grade areas that warrant in-fill drilling. It has also shown that the mineralized boulder conglomerate is extensive and can be expanded with additional grid drilling. Inventus plans to conduct in-fill drilling to better define the areas of high grade mineralization and to expand the extent of the mineralized boulder conglomerate. Since the mineralized boulder conglomerate is near surface (from surface to 40 m deep), Inventus has a unique opportunity to define high-grade gold mineralization with relatively few metres of drilling.

Assay results reported in this release are the average of two fire assay values on a 2 kg subsample generated from each selected core interval. Cyanide bottle rolls on 2 kg subsamples combined with a fire assay on the residue are also available for all of the holes in this release. The results are not significantly different between fire assay and cyanide techniques, unlike for the first several holes (up to PD-17-05), however we note that the sample preparation methods and analysis techniques were modified during the course of the program. See Table 1 for all the available analytical results.

Click here to view Figure 1: http://inventusmining.com/s/Figure1_May16.pdf

Click here to view Table 1: http://inventusmining.com/s/Table1_May16.pdf

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/591aebfabe6594affe8b7fa3/1494936572628/IVS+May+16+Expl+Update+FINAL.pdf

[molee]

Inventus Mining AGM Invitation and Exploration Update, Drilling Returns Visible Gold in 14 of 32 Holes

TORONTO, ONTARIO--(Marketwired - May 9, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS) ("Inventus" or the "Company") is pleased to invite shareholders and interested investors to our 2017 Annual General Meeting to be held:

Tuesday, June 6, 2017 at 10:00 AM (Eastern Daylight Time)

Location: 150 King St. West, Suite 2800, Toronto, Ontario

In addition to the formal shareholders meeting, Inventus' CEO will provide a corporate presentation to attendees with an opportunity for Q&A. If you are not a registered shareholder and you would like to attend the AGM, please RSVP to: [e-mail]

Exploration Update

Since the last exploration update on April 12th (drill results up to hole #19), we have completed an additional 32 exploration drill holes totaling 781 m. Visual observations from the 32 new holes indicate that 26 encountered the favourable mineralized conglomerate reef, with 14 also containing visible gold. Drilling is currently underway with the remainder of the planned program focusing on areas of high-grade mineralization within 15 meters of surface. The locations of the completed and planned drill holes are shown on Figure 1. The majority of the new holes have been logged, sampled and sent for assay. Turn around time at the assay lab has been slower than anticipated, however final assay results for approximately 10 of the new holes are expected by the end of the week.

Click here to view Figure 1: http://inventusmining.com/s/Figure1_May9.pdf

About Inventus Mining Corp.

Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 100,304,403 common shares outstanding (110,423,570 shares on a fully diluted basis). Endurance Gold Corp. owns 25.4% of the issued and outstanding shares, Robert McEwen owns 18%, Eric Sprott owns 13.6%, Osisko Gold Royalties Ltd. owns 6%, and the former Chairman and CEO Wayne Whymark owns 6.4%.

Visit http://www.inventusmining.com for more information.


Read more at http://www.stockhouse.com/news/press-releases/2017/05/09/inventus-mining-agm-invitation-and-exploration-update-drilling-returns-visible#7lwQx7TcMmwcQakl.99

[Hurricane_Rick]

Blog update comparing rock samples between Pardon and Witswatersrand...

http://www.inventusmining.com/blog/

[Hurricane_Rick]

Inventus Mining Continues to Expand Higher Grade Areas at Pardo

TORONTO, ONTARIO (Apr. 12, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”) today announces that it has received assay results for the next six consecutive holes of the winter drill program at the 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario.

Gold-bearing conglomerate layers or “reefs” at Pardo are horizontal and typically 1-3 metres (m) in thickness. Reefs are laterally extensive and occur on or very near surface. Higher gold grades occur concentrated in fluvial channels or “pay streaks”, and valleys in the footwall upon which the conglomerate was deposited.

Discovering higher-grade zones is the primary objective of our current 50 x 50 m spaced drill program. Results so far have been successful in identifying a higher-grade area approximately 400 m in length that remain open for expansion (see Figures 1 and 2). Completed assay results to date are as follows:

Hole ID From(m) To(m) Width(m) Gold Grade(g/t)
PD-17-14 18.35 19.65 1.30 1.51
PD-17-15 12.27 13.12 0.85 0.55
PD-17-16 9.09 10.16 1.07 3.97
Including 9.66 10.16 0.50 7.35
PD-17-17 5.98 7.10 1.12 2.46
PD-17-18 10.35 11.60 1.25 4.68
Including 10.90 11.60 0.70 6.53
PD-17-19 11.85 14.15 2.30 1.48
Including 12.51 13.55 1.04 2.64

All holes were drilled vertically. Intercept lengths are true width. Samples returning <0.3 gpt were not included in the intervals reported above. Gold grades are determined by fire assay method; see note on Technical Information.

Hole PD-17-14 is a 50 m step-out to the East of hole PD-17-13 that intercepted 3.92 gpt gold over 1.85 m. This hole contained a thick (2.28 m) boulder conglomerate (primary gold-bearing reef) with some detrital pyrite over 1.65 m.

Hole PD-17-15 was drilled 50 m due South of hole PD-17-13. This hole did not encounter any visible boulder
conglomerate, however, the sample in the basal conglomerate returned positive gold values. The boulder conglomerate unit, although absent at this location, is encountered again 50 m to the West and 50 m to the South in holes PD-17-16 and PD-17-17.

Holes PD-17-16 and PD-17-17 encountered a well-mineralized boulder conglomerate, extending the zone up to 100m south of previous drilling. In both of these holes the gold-bearing reef is approximately 1 m in thickness. Visible gold was noted in both holes. Additional drilling is planned to test the extension of this zone further to the South.

Holes PD-17-18 and PD-17-19 continued the grid of holes in another fault block 100 m to the East of hole PD-17-17
and encountered boulder conglomerate in both holes. Visible gold was noted in hole PD-17-18. Additional drilling is planned to twin two holes previously drilled in 2010 located between PD-17-18 and PD-17-17. These 2010 holes are considered unrepresentative of the area based on observations in the new 2017 holes. Additional drilling is also planned to the East and South.

Assay results reported in this release are the average of two fire assay values on a 2 kg subsample generated from each selected core interval. Our observation is that cyanide bottle rolls on 1-2 kg subsamples combined with a fire assay on the residue returns higher gold values. However, in order to build the dataset to support this observation we have been using both methods of analysis on our samples. For the holes reported above the cyanide bottle roll results are still pending. We will update the attached Table 1 on an ongoing basis when all the analytical results are available.

Click here to view Figure 1 and 2: http://inventusmining.com/s/Figure_1_2_April_12.pdf
Click here to view Table 1: http://inventusmining.com/s/Table_1_April_12.pdf

About Inventus Mining Corp.

Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 100,304,403 common shares outstanding (110,423,570 shares on a fully diluted basis). Endurance Gold Corp. owns 25.4% of the issued and outstanding shares, Robert McEwen owns 18%, Eric Sprott owns 13.6%, Osisko Gold Royalties Ltd. owns 6%, and the former Chairman and CEO Wayne Whymark owns 6.4%.

Visit http://www.inventusmining.com for more information.

For further information, please contact:
Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
Tel: [phone] x280
E-mail: [e-mail]

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/58ee281e579fb3bcea4a321e/1492002846689/IVS+April+12+Expl+Update+Final+b.pdf

[Hurricane_Rick]

More updates on the Inventus blog page.

[Hurricane_Rick]

Artist's rendition of Witswatersrand deposit, posted on Inventus blog page...

http://www.inventusmining.com/blog/

[molee]

Inventus Provides Report on Positive Technical Developments: Ore Sorting and Bulk Sampling

TORONTO, ONTARIO--(Marketwired - April 5, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS)("Inventus" or the "Company") today provides a summary of significant findings from two technical studies on its 100% owned Pardo Paleoplacer Gold Project ("Pardo") near Sudbury, Ontario. Recent investigations have returned positive results in the areas of: i) advanced sensor-based ore sorting, and ii) bulk sampling.

Ore Sorting - Very Effective in First Trial

A scoping study to determine the amenability of Pardo conglomerate material to advanced sensor-based ore sorting technologies was conducted by Sacré-Davey Engineering, North Vancouver, BC. Inventus provided 100 rock hand samples selected from the 007, Trench 1 and Eastern Reef Zones. Rocks were divided into four categories visually according to their expected gold grade: 25% high grade (>30 gpt gold), 25% medium grade (2-20 gpt gold), 25% low grade (0.1-2 gpt gold), and 25% were expected to have no gold. The average gold assay grade of the samples in the study (including barren samples) was 11.31 gpt and the highest-grade sample was 186.5 gpt.

Results of their simulations suggest that 91% of the contained gold could be sorted into only 35% of the original mass (i.e. 35% mass pull) using the best algorithm generated for this exercise. The average simulated gold grade of the product is 29.37 gpt vs. 11.31 gpt for the feed, or an upgrade ratio of 160%. Summary results for the best XRF algorithm are as follows:

Product Waste
Mass Pull (%) Average Gold Grade
(gpt) Cumulative Recovery (%) Upgrade Ratio (%) Mass Pull (%) Average Gold Grade
(gpt) Cumulative Recovery (%)
20 45.33 80 301 80 2.81 20
35 29.37 91 160 65 1.59 9
50 20.90 92 85 50 1.73 8
Tests were performed using X-Ray Fluorescence (XRF), Electromagnetics (EM), and X-Ray Transmission (XRT). Algorithms were generated to correlate gold with other measurable characteristics of the rocks. Detection of other elements by XRF provided the best associations with gold. Zirconium and lead were determined to have the strongest association with gold, which is reasonable because we know the matrix of the conglomerate is enriched in heavy minerals such as zircons, galena, pyrite, uranium and gold.

These results are very encouraging and suggest that it is possible to sort away the majority of the unmineralized material that would otherwise dilute the grade of material being processed. These results, although promising, are preliminary in nature and need to be further verified with much larger samples.

Mini-bulk Sample - Demonstrates Sensible Path Forward

In order to investigate the best methods to process our planned bulk samples from Pardo, a mini-bulk sample weighing 110.7 kg (244 lbs.) was taken from outcropping rocks at the 007 Zone, and sent for milling and gravity concentrating at a mining equipment vendors facility1. Gravity concentration was done on a conventional shaker table. Three concentrates and a tailings sample were collected for analysis. Samples were returned to Inventus's custody and then sent to SGS Laboratories in Burnaby, BC for assay.

Concentrate #1 contained visible gold and was panned by hand to yield an estimated 1.024 grams of gold. Concentrate #2 and the remains of Concentrate #1 were then mixed (combined weight of 1.31 kg) and fire assayed in duplicate, returning a grade of 312.3 gpt. Concentrate #3 weighed 1.72 kg and returned a duplicate fire assay grade of 45.8 gpt. A sample of tailing from the shaker table weighing 4.08 kg returned a quadruplicate fire assay grade of 6.4 gpt. The calculated head grade of the sample is 19.9 gpt gold, which is consistent with the high-grade nature of the outcropping boulder conglomerate at the 007 Zone.

Metallurgical characterization of the 007 Zone mini-bulk sample after gravity concentration is: 46.6% free gravity recoverable gold, 22.2% gold in high-grade sulphide concentrates (predominantly composed of pyrite), and 31.2% gold in the tails material. Overall, 68.8% of the gold content was concentrated in 2.7% of the original mass.

Dry Weight % Total Mass Average Fire Assay Gold Grade (gpt) Calculated Weight of Contained Gold (g) % Total Gold Calculated Gold Grade Distribution (gpt)
Panned Gold 1.135 g 0.001 - 1.0242 46.6 9.3
Concentrate #1+2 1.31 kg 1.18 312.3 0.409 18.6 3.7
Concentrate #3 1.72 kg 1.55 45.8 0.079 3.6 0.7
Gravity Products Sub Total 3.03 kg 2.73 - 1.512 68.8 13.7
Tails 107.67 kg 97.27 6.4 0.685 31.2 6.2
Total Sample 110.70 3 kg 100 - 2.197 100 19.9
These results are a first-pass evaluation of gravity concentration; we believe the process can be optimized to improve performance and possibly paired with other processing methods. Nevertheless, the results are positive and support the concept of processing bulk samples from Pardo by gravity. Milling and gravity concentration is the lowest cost option being considered for analysis of bulk samples. Inventus plans to begin extracting bulk samples from Pardo in the coming months.


Read more at http://www.stockhouse.com/news/press-releases/2017/04/05/inventus-provides-report-on-positive-technical-developments-ore-sorting-and#XulqijXsgFroxRVS.99

[Hurricane_Rick]

Inventus Grants Stock Options

TORONTO, ONTARIO (Mar. 30, 2017) - Inventus Mining Corp. (TSX VENTURE: IVS)(“Inventus” or the “Company”) announces that it has granted options to acquire a total of 1,525,000 common shares of the Company to employees,consultants, officers and directors at the exercise price of $0.21 per share for a period of five years. The options vest as to one-third after each of 6, 12 and 18 months from the date of grant.

https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/58dd831eb3db2b553c5ab5a3/1490912030572/IVS+2017+Options.pdf