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Inventus Mining ( (TSE:IVS) ) just unveiled an update.
Inventus Mining Corp. announced the final assay results from its grade-control drilling at the Trench 1 Bulk Sample Site of the Pardo Gold Project, revealing a weighted average grade of 4.10 gpt gold over 1.78 metres within 6 metres of the surface. This result exceeds the company’s initial target of 3 gpt gold, indicating strong potential for surface mining and de-risking the project. The bulk sampling program is on schedule, with processing set to begin in late July, and further drilling will continue to expand the resource estimate.
Spark’s Take on TSE:IVS Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVS is a Neutral.
Inventus Mining’s overall stock score is primarily weighed down by severe financial weaknesses, including negative cash flows, high debt levels, and no revenue generation. The technical analysis provides some hope of a rebound, and recent corporate events suggest potential future improvements. However, significant risks remain due to poor current financial and valuation metrics.
To see Spark’s full report on TSE:IVS stock, click here.
More about Inventus Mining
Inventus Mining Corp. is a mineral exploration and development company focused on the Sudbury mining district in Ontario. The company holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, with Pardo being the first significant paleoplacer gold discovery in North America.
Average Trading Volume: 109,627
Technical Sentiment Signal: Buy
Current Market Cap: C$36.57M
For detailed information about IVS stock, go to TipRanks’ Stock Analysis page.