Inventus Mining Reports High-Grade Drilling Results and Begins Bulk Sampling at Pardo Gold Project

An update from Inventus Mining ( (TSE:IVS) ) is now available.

Inventus Mining Corp. has announced promising results from its grade-control drilling at the Pardo Gold Project, with high-grade assay results from Trench 1 and the start of bulk sample extraction at the 007 North site. The initial assay results from 16 drill holes showed an average grade of 4.54 gpt gold over 1.90 meters. The bulk sample extraction aims to demonstrate the economic potential of surface mining at Pardo, with approximately 5,000 tonnes targeted for extraction. This development could enhance Inventus’s position in the industry by showcasing the project’s viability and attracting stakeholder interest.

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, Canada. The company’s principal assets include a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project. Inventus is known for discovering the first significant paleoplacer gold deposit in North America.

Average Trading Volume: 96,042

Technical Sentiment Signal: Buy

Current Market Cap: C$31.49M

See more data about IVS stock on TipRanks’ Stock Analysis page.