Inventus Mng. Corp. (GNGXF)

[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.

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